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Key Points
Developers Generation 4 and Red Seal Homes purchased the 19.4-acre site in Glenview for $14 million from Chicago-based investment firm R2.
The developers plan a 60-lot residential neighborhood for custom single-family homes, with 24 of the 60 lots already under contract, priced between $399,900 and $725,000.
The development is primarily marketed to empty-nesters, with the village requiring 75% of the homes to be ranch-style or feature a first-floor primary bedroom to appeal to this demographic.