Cornerstone Economic Impacts

If you have any questions or seek additional information, please email Zoning Officer Kirk Smith or call at 847-223-2323. You may also visit the Cornerstone of Grayslake website.

Growing the Economy of Central Lake County

  • Estimated: 
    • 2,915,000 sq. ft. of light industrial/research
      and development
    • 676,700 sq. ft. of office
    • 635,000 sq. ft. of retail/commercial space in
      lifestyle scale development
  • Lake County Partners Estimates:
    • 9,800 jobs created in project
    • 6,780 jobs secondary created in economy
    • 760 construction jobs over 12 year building
      period
  • $211,450,000 estimated annual retail sales at buildout
  • $818,000,000 estimated value of building construction

Providing Positive Education Revenuesto Area School Districts (Gruen & Gruen Report dated February, 2009)

  • Total surplus revenues during development period:
  • ØDistrict 79
    Fremont Grade School: $26,700,000
  • District 120
    Mundelein High School: $20,900,000
  • District 127
    Grayslake High School: $ 7,100,000
  • Annual surplus revenues at end of development period: 
    • District 79 - $4,300,000
    • District 120 - $3,100,000
    • District 127 - $1,000,000
  • Requires non residential to be built in conjunction with any residential

Dwelling Units - 801 Total

  • 356 Attached Single Family
  • 123 Detached Single Family
  • 74 Age-Restricted Single Family
  • 66 Condominiums
  • 78 Market Rental Apartments
  • 104 Age-Restricted Apartments

Sustainable Development Techniques

  • Compact development with coordinated open space system - 120 acres
  • Tree Preservation
  • Use of sustainable stormwater control techniques/Best Management Practices
    ØBioswales
    ØNative Plantings
    ØRecycling and rainwater for irrigation
  • Comprehensive pathway and trail system
  • Installation of bike racks
  • Access to three commuter rail stations with planned PACE connectivity
  • Reduced asphalt via shared parking concepts

Road Capacity Dollars

  • Financial contributions to Peterson Road widening
  • Route 83 widening per IDOT requirements
  • Alleghany Road widening per the Central Range Transportation Agreement
  • Access improvements (turn lanes/signalization) at all access points

Quality Architectural Design and Landscaping Requirements

  • Architectural styles consistent with and typical of those found within Grayslake and the Midwest
  • Native and naturalized landscaping throughout
  • Coordinated signage plans