Stonestreet Partners / Stoneleigh Companies
Arlington Heights, Illinois
125,000 SF Retail/Commercial
Situated on a nearly 25-acre site just west of Arlington Park International Racetrack in Arlington Heights, the $250 million mixed-use redevelopment is envisioned to include luxury high-rise residential apartments, hotels, retail and restaurants. The project will be built in phases over the next five years, starting with the conversion of the former 427-room Sheraton Hotel tower into a 214 unit luxury apartment building. Subsequent phases will include at least one new hotel, two additional rental apartment towers, retail stores and restaurants. The developmentâ€™s strategic location offers convenient access to Chicago Oâ€™Hare Airport, rail and bus commuter systems, and major expressways.