SunCal, the leading private land developer in the U.S., has been seeking new properties in the Chicago area and has signed a purchase agreement for the prestigious Stonebridge development in Lake Bluff, Ill.
SunCal is partnering with The Roanoke Group, a private real estate investment and development company, to acquire this project. This fully entitled property north of Chicago was partially developed by New England Builders. Stonebridge of Lake Bluff is located on 47.3 acres of pristine woodlands, ponds and open lands.
Plans call for the manor and carriage house to be restored to feature private residences within their original structures. Seventy-one new homes will be constructed on other areas of the property. All pads for these new residences have been graded and all streets have been built; in addition, six initial homes have been constructed.
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