Hoffman Estates named Municipality of the Year by Illinois Real Estate Journal

The village of Hoffman Estates was named 2023 Municipality of the Year by the Illinois Real Estate Journal at the fourth annual Real Estate Awards June 1 in Rosemont.

The award recognizes the economic progress in the village over the past year.

“We are extremely proud to be recognized by the Illinois Real Estate Journal as 'Municipality of the Year,'” said Mayor Bill McLeod. “From the board of trustees to our village staff, this award is a reflection of the team effort it takes to advance a strong economic development program.”

Major projects in Hoffman Estates over the past year include construction of Seasons of Hoffman Estates, the village's first multifamily development project in over three decades; the completion of the first of two new 200,000-square-foot data centers for Microsoft; and numerous businesses relocating to Bell Works Chicagoland, where more than 250,000 square feet of space has been leased or is in the process of being leased since 2021.

The village also recently facilitated significant reinvestment in the retail sector, with Home Goods, Crumbl Cookies, and Bath & Body Works opening in 2022.

New retail outlets for 2023 include two approved marijuana dispensaries — Sparked Dispensary and Aroma Hill; two Popeye's Chicken restaurants; and a new Dunkin' Donuts.

“We are thrilled that the activity and work to be pro-development and pro-growth is recognized,” said Economic Development Director Kevin Kramer. “This win isn't just for the village, but for all the business who help make this a great community.”

The village was selected from a group of four finalist communities by a panel of distinguished real estate professionals. Hoffman Estates also was named Municipality of the Year by the organization in 2021, and was a finalist in 2022.

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