Development

Ketone’s development approach comes from recognizing and taking advantage of opportunities where other developers
fail to do so. Through hard work and creative thinking, Ketone can transform a challenging piece of land into a successful real estate development.

Rock Creek Logistics Center
Rock Creek Logistics Center
Joliet, Illinois

PROJECT DETAILS

Rock Creek Logistics Center is a 262-acre industrial logistics center featuring excellent access to I-80 and I-55, frontage on Route 6 and Houbolt Road and a future barge loading and fleeting facility.

Ketone Partners purchased the land, located less than one mile from the full interchange at I-80 and Houbolt Road, in March of 2016. Two previous developers proposed industrial projects for the property, but the higher-density developments were not feasible due to the site geology and slope of the land. Ketone Partners recognized an opportunity to re-evaluate the proposed use of the site and developed a site plan that is consistent with the current real estate market while simultaneously taking advantage of the underlying minerals and connection to the Des Plaines River. Less than a year after purchasing the 262-acre property, a 75-acre site was sold to Opus. Six months later, a 36-acre site was sold to First Industrial, leaving 54 acres available for development.

The overall plan allows for a direct connection to the to the proposed Des Plaines River bridge connecting I-80 to the Joliet intermodal development and a barge-loading and fleeting facility at the Des Plaines River.

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Union Pointe Business Park
Union Pointe Business Park
Bolingbrook, Illinois

PROJECT DETAILS

Union Pointe Business Park Lot 5 is a 17-acre site located in Bolingbrook, Illinois at the intersection of Interstate 55 and Interstate 355 that Ketone Partners successfully assembled, entitled, permitted and sold to a user for the construction of a 150,000 square foot office and industrial facility.

In August of 2016, Ketone Partners identified an underutilized 17-acre site adjacent to the existing Union Pointe Business Park in Bolingbrook, Illinois. The property was not a part of the original Union Pointe development because of ownership holdout and therefore the developer left a five-foot strip of land along the perimeter of the property known as a “spite strip.” This required any future developer of the parcel to acquire the spite strip in order to connect to municipal utilities such as sewer and water. Ketone was able to get both the property and the spite strip under contract in order to
begin the entitlement and permitting process.

The entitlement and permitting of the property was challenging. The property was located in both Will and DuPage counties. The site was annexed to the Village of Bolingbrook, however Bolingbrook’s water service terminated on the other side of the interstate and did not extend to the site. The most feasible source of municipal water service was from the
neighboring Village of Woodridge. Sanitary sewer service was to be provided through the DuPage County Department of Public Works. The property also needed to join the park owners’ association.

Navigating through the permitting and entitlement process with so many different entities proved difficult but Ketone’s diligence paid off when it sold the property in December of 2017 to a user planning to construct a 150,000 square foot office and industrial facility. Ketone was retained by the purchaser to perform Real Estate Development Advisory Services throughout the construction of the facility.

Estates at Heritage Bluffs
Estates at Heritage Bluffs
Channahon, Illinois

PROJECT DETAILS

The Estates at Heritage Bluffs is a 263-Acre Master-Planned community featuring 30-acres of shovel-ready development land, and 100 planned waterfront estate lots.

Ketone Partners acquired 263 acres from General Dynamics in Channahon, Illinois to create a new master-planned mixed-use development know as The Estates at Heritage Bluffs. The property features frontage on Route 6 and Bluff Road and is adjacent to the Heritage Bluffs Golf Course. Ketone secured the approvals in July of 2013 to extract sand and gravel from the property. The sand and gravel mining operation will commence in early 2014, and will create an approximately 100 acre lake that is planned as the common area for between 70-100 water-front and golf-course view residential lots of 1 acre each. 30 acres of land along Bluff Road and Route 6 is planned for future commercial and retail development.

For more information on Estates at Heritage Bluffs, please contact Ketone Partners, LLC at 847-440-4850

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