Structured Development LLC today announced it has been selected by the village of Orland Park to develop the final phase of the Downtown Main Street “Triangle” property in Orland Park, Ill., following a competitive RFQ and RFP process. In a unanimous vote, the village’s Board of Trustees chose Structured to complete the five remaining parcels – collectively comprising approximately 9 acres – in the 27-acre “Triangle” master plan.

Bounded by LaGrange Road, 143rd Street, and the Metra Southwest Service Line/Southwest Highway, the triangular parcel was planned as a pedestrian-friendly, urban-inspired district with both residential and commercial uses, including retail, office, hospitality and entertainment. It currently houses Ninety7Fifty, a 295-unit mixed-use rental community; the University of Chicago Medicine Center for Advanced Care, a 110,000-square-foot medical office building; a 500-space public parking structure; and Crescent Park, a landscaped greenspace. The Triangle is located across from Orland Park Crossing, a 107,371-square-foot lifestyle center, and the Residences at Orland Park Crossing, a 231-unit rental community.

“Orland Park’s Main Street area is the gateway to the village; it’s one of the first things people see when entering our community,” said Trustee Carole Griffin Ruzich, chair of the village’s Development Services Committee. “This is why it’s so very important that the remaining parcels be developed by a company that has the ability to make the village board’s vision a reality. Downtown Orland Park is going to be around for a long time, and we want future residents to appreciate the conscientious efforts that we are making now to ensure a quality development at the level for which Orland Park is known.”

“This is an exciting time for Orland Park as we complete the remaining parcels in the Main Street area of downtown Orland Park,” said Village Manager Joe La Margo. “We’re looking forward to working with Structured Development to complete this final phase. They understand the village board’s vision for the area to be pedestrian friendly with mixed uses – truly making it a destination within Orland Park. Structured Development’s portfolio includes some very impressive developments in and around Chicago, and we’re excited to have a company of their caliber help create Orland Park’s future.”

Structured Development was selected, in part, because of the firm’s extensive experience in developing urban mixed-use properties. The firm’s portfolio includes the award-winning NEWCITY mixed-use development, a nearly 1 million-square-foot project at the intersection of Halsted Street and Clybourn Avenue in Chicago’s Lincoln Park neighborhood. Completed in fall 2015, it comprises more than 390,000 square feet of retail and commercial space anchored by Dick’s Sporting Goods, Sak’s Off Fifth, ArcLight Cinemas, Kings Bowl and Mariano’s. NEWCITY also includes a 199-unit luxury rental tower and nearly 2 acres of landscaped greenspace, including a public plaza that hosts live concerts and other community events.

Nearby, Structured Development is preparing to start construction on The Shops at Big Deahl, a 200,000-square-foot mixed-use center that will include a climbing gym, 197-unit apartment complex and new facility for the Menomonee Club, a nonprofit organization that provides recreational programming for local youth.

“The Orland Park project is a perfect fit for us because of our success in developing what we call communities within communities,” said Jeff Berta, senior director of real estate development at Structured Development. “We’ll draw inspiration from urban projects like NEWCITY and The Shops at Big Deahl, as well as the rich history and character of Orland Park, to make the Triangle a true destination for those who live, work, shop and play here. We are proud to have been selected, and we look forward to getting started.”

Six developers initially vied for the right to purchase and develop the remaining Triangle parcels. Selection criteria included suitability, creativity and quality of the development plan; financial, marketing and management plans; experience and qualifications of individual team personnel; community and stakeholder input; and selection committee discretion.

The Triangle offers convenient access to downtown Chicago via the adjacent 143^rd Street Metra station. Located just 25 miles from the Loop, the property is also close to several major expressways including Interstates 80, 57, 294, 355 and 55.

About Structured Development:

Structured Development is a Chicago-based real estate development company formed in January 2002 to pursue unique real estate development opportunities. The company thrives on engaging in complex real estate transactions encompassing a range of property types, including retail, residential, mixed-use and industrial. Whether working with partners or independently, Structured Development strives to unlock and enhance the unseen value of real estate, simultaneously enriching urban and suburban landscapes through sustainable and innovative development practices. For more information, visit www.strdev.com.

Structured Development was selected to develop the final phase of the Downtown Main Street “Triangle” property in Orland Park, Ill. Comprising five individual parcels, it is part of a 27-acre master plan with a mix of residential and commercial uses.