July 18 public ticket drawing will give Elk Grove residents first opportunity to purchase in new Tonne Grove development

Nicholas Family of Companies (NFOC), a family-owned and -operated organization headquartered in Mount Prospect, Ill., announces it has been selected by Elk Grove Village, Ill., to develop, build and market Tonne Grove, a new community of 20 single-family homes in the inner-ring suburb just northwest of Chicago. Located on a 2.6-acre vacant parcel along Elk Grove Boulevard between Love Street and Tonne Road, Tonne Grove marks Elk Grove Village’s first significant addition of new-construction homes in decades and is part of a pilot Resident Purchase Incentive Program conceived by Elk Grove Village Mayor Craig Johnson. To promote owner occupancy and long-term residency, homes at Tonne Grove will be offered for sale first to current village residents via a July 18 ticket drawing for the opportunity to purchase a home.

The new community is a continuation of a longstanding relationship between Elk Grove Village and NFOC that has helped advance other major developments throughout the village, including The VUE, a 10-acre mixed-use development that welcomed its first retail tenants in April 2026; and Elk Grove Ice Arena, an 86,261-square-foot, two-rink ice arena that is on schedule to open in fall 2026.

“When Mayor Johnson first approached us about working together on Tonne Grove, we were honored he came to us as a trusted partner to help execute his vision for a creative solution to this community’s housing needs,” said Nick Papanicholas Jr., chief executive officer and managing director of NFOC. “As a company with deep roots in Chicagoland and Elk Grove Village specifically, we are committed to building and investing in local communities, and this project, with its goal of expanding attainable homeownership opportunities for local residents, directly aligns with that mission.”

“Having worked with Nicholas on many other successful projects in Elk Grove Village, I had full confidence they were the right team to bring in on this initiative,” said Mayor Johnson. “Beyond their proven development and construction expertise, I know Nicholas understands the underlying importance of quality housing in strengthening communities and will work with us to deliver new homes that are a true asset to this village.”

The 20 single-family home sites at Tonne Grove each come with a preselected floor plan, elevation and finishes. The firm’s Nicholas & Associates division will serve as general contractor for the project. Designed by BSB Design, a frequent architectural partner of NFOC, the community’s three floor plans measure from 1,286 to 2,001 square feet and include The Quinn, a ranch design with two bedrooms and two baths, priced at $466,000; The Grace, a two-story floor plan with three bedrooms plus a den and 2½ baths, priced at $495,000; and The Chloe, a two-story home with four bedrooms plus a den and 2½ baths, priced at $508,000. All homes feature a two-car garage and open, functional layouts tailored for modern lifestyles.

“Our company has a long, proven track record in residential work through our deep experience in the multifamily sector — including a number of recent projects in neighboring northwest suburbs and in Elk Grove Village itself — and that experience guided our approach with the home designs at Tonne Grove,” noted Gina Bertolini, chief financial officer at NFOC. “We know housing is a cornerstone of any community, and we are committed to building quality homes that not only resonate with today’s residents, but also represent a long-term investment in the village.”

The firm is also bringing a thoughtful approach to the home interiors at Tonne Grove, with each residence complete with an individual, curated set of finishes selected by interiors partner Gold + Oak, which is also part of NFOC.

“Our goal is that no two homes at Tonne Grove will be exactly alike, even if they feature the same floor plan,” said Katie Papanicholas, founder of Gold + Oak. “We’re incorporating a range of color palettes and interior finishes, from the exterior and cabinetry to lighting fixtures, countertops and flooring, that will give each home its own character while maintaining a cohesive community aesthetic.”

Located on the site of the former Elk Grove Presbyterian Church, Tonne Grove is scheduled to break ground this fall. Homes will be built concurrently, with deliveries expected in late 2027.

Tonne Grove will use a public drawing to select participants for home/lot package purchases. Prospective buyers, who must be current residents of Elk Grove Village, are required to pre-register and complete a no-cost pre-approval process through Midland States Bank prior to July 18. They will then receive one drawing ticket for the opportunity to purchase a home through a ticket drawing conducted by Mayor Johnson on Saturday, July 18, at a location to be announced at a later date. Individuals must be present to participate.

The Resident Purchase Incentive Program at Tonne Grove is intended to encourage owner-occupancy, neighborhood stability and long-term residency in Elk Grove Village while supporting single-family residential development. The drawing is open exclusively to Elk Grove Village residents and is designed to keep homeownership attainable for local buyers. Homebuyers will select from pre-determined home designs, with no modifications or alterations permitted.

Interested parties should complete the interest form at www.tonnegrove.com/contact.

About The Nicholas Family of Companies:

The Nicholas Family of Companies (NFOC) is a second-generation, family-owned and -operated organization headquartered in Mount Prospect, Ill., with additional offices in Wisconsin and Florida. Companies within the family of companies that are involved in Tonne Grove include Nicholas & Associates and Gold + Oak. To learn more, visit nicholasfoc.com.

About Nicholas & Associates:

Founded in 1978, Nicholas & Associates is a comprehensive construction management firm providing design/build and general contracting services for projects in the residential, recreation, education, municipal and mixed-use sectors. The family-run firm transforms visions to build environments with a personal approach, making it “distinctly different and deliberately personal.” Nicholas & Associates has offices in the Chicago area, Tampa and Milwaukee and is expanding into Indiana, building a growing national portfolio of projects. To learn more, visit nicholasquality.com.

Gold + Oak:

Gold + Oak is a lifestyle and design company offering curated artisanal goods, corporate gifting services and interior real estate staging. With a retail storefront in Mount Prospect, Ill., and a robust e-commerce and virtual consulting platform, Gold + Oak serves both business and consumer clients. Its B2B services help organizations enhance physical spaces and strengthen corporate outreach, while its B2C offerings include thoughtfully selected home goods and gifts for personal and special occasions. The company is well known for its corporate gifting programs and interior design work. To learn more, visit goldandoakco.com.