Today’s announcement that AbbVie will invest $380 million to build two new active pharmaceutical ingredient (API) manufacturing facilities at its North Chicago campus marks a significant milestone for U.S. pharmaceutical innovation and domestic manufacturing leadership.
The project will incorporate advanced manufacturing technologies, including artificial intelligence (AI), to support the production of next-generation neuroscience and obesity medicines. Construction is slated to begin in spring 2026 with both facilities expected to be fully operational in 2029. In support of the expansion, AbbVie plans to hire 300 new employees, including engineers, scientists, manufacturing operators and lab technicians.
“This milestone demonstrates further progress against AbbVie’s $100 billion commitment to U.S. R&D and capital investments over the next decade,” said Robert A. Michael, chairman and chief executive officer, AbbVie. “By strengthening AbbVie’s U.S. manufacturing capabilities, we are well-positioned to support our investment in innovation and enhance our ability to deliver next-generation medicines to patients.”
“This investment is a major win for Lake County and a game-changer for the broader U.S. biomanufacturing ecosystem,” said Lake County Board Chair Sandy Hart. AbbVie has long been headquartered in Lake County, and the company’s commitment to investing in expanded production and new jobs here not only strengthens our local economy, but also reinforces Lake County’s role in producing the medicines and technology of tomorrow.”
The new facilities will play a key role in producing the active components that form the foundation of therapeutic medicines — a highly complex, multi-step process critical to patient health outcomes. This investment underscores a shared vision between industry and government for a resilient and forward-looking biotechnology sector in the U.S.
“AbbVie’s $380 million investment is a transformative moment for North Chicago,” said North Chicago Mayor Leon Rockingham. “This expansion strengthens our city’s foundation as a leader in advanced pharmaceutical manufacturing while creating meaningful job opportunities for our residents. We are proud to support a project that not only fuels local economic growth but also advances the production of critical medicines here at home in the United States.”
“This latest announcement from AbbVie caps off an incredible streak of wins in Lake County and Chicagoland. In 2025, we celebrated our best year of economic growth on record yet, and our community was named one of the top 10 counties in the U.S. for economic development,” said Kevin Considine, Lake County Partners’ president and CEO. “As the home of the largest life science cluster in the Midwest, Lake County provides the unmatched talent, industry leaders, world-class research institutions and integrated transportation access that is integral to business success. We applaud AbbVie’s decision to continue its growth here, and are excited about their continued investment in Lake County.”
IT DOESN’T GET BETTER THAN LAKE COUNTY, ILLINOIS
Economic momentum doesn’t happen overnight. It takes vision, partnership, and a relentless focus on delivering results. In Lake County, Illinois, that formula has translated into THE most successful economic development runs in county history—and there’s no sign of slowing down. Whether you’re leading a growing company and looking to expand, or you’re on a personal search for your next home, Lake County is a community in which you’re guaranteed to thrive. Connect with us here so we can put you in touch with the resources that you need to make 2026 your best year yet.
Housing Lake Initiative Concludes Seven-Month Process with Call to Action Built by 175+ Stakeholders
Last week, a coalition of more than 175 leaders gathered at the Lake County Regional Office of Education in Lake Forest to unveil a comprehensive Call to Action designed to address the county’s housing shortage. The Housing Lake: Call to Action provides a diverse collective of leaders throughout Lake County — municipalities, developers, employers, nonprofits, and more — with a roadmap to expand housing options for working families, seniors, and young professionals.
Lake County faces a housing crisis. With median home values reaching $326,600 and average rents at $1,710, teachers, healthcare professionals, first responders and young families are increasingly unable to afford to live where they work. The housing shortage now exceeds 16,000 homes.
The Call to Action represents seven months of unprecedented collaboration among elected officials from over 50+ municipalities, developers, employers, nonprofit housing providers, and community advocates. Through a kick-off celebration, five intensive workshops, and last week’s summit, participants moved from identifying barriers to establishing a shared vision and goals that address the widening gap between Lake County’s housing supply and demand.
An expert panel discussion explored housing challenges and solutions across sectors and celebrated the coalition’s collaborative achievements. The panel, moderated by Kevin Considine of Lake County Partners, featured Brenda O’Connell (Illinois Housing Development Authority), Chalen Daigle (McHenry County Council of Governments), David Bach (Hines), Joel Fontane (City of Highland Park), and Rob Anthony (Community Partners for Affordable Housing).
“The Call to Action proves that when 50+ municipalities, employers, and nonprofit partners come together around a common goal, real progress is possible,” said Lake County Board Chair Sandy Hart. “Affordable and attainable housing isn’t optional; it’s essential to the health of our communities and our economy. Today, we have a shared vision and a clear roadmap going forward to help ensure that the teachers, healthcare workers and first responders who serve our communities and the young families building their lives here can afford to call Lake County home.”
The Call to Action centers on four foundational pillars that emerged from stakeholder engagement:
Policy & Regulatory Reform to update zoning codes and streamline approvals
Funding & Financing Tools to create dedicated funding streams and employer partnerships
Partnerships & Development Capacity to build regional coordination; and
Communications & Education to address misconceptions while elevating the human stories behind housing needs.
The Housing Summit also served as the kickoff to a series of events and conversations that will help shape The Century Plan — a plan for the region, by the region to build consensus, secure commitments, and take action on key issues that will impact northeastern Illinois for decades to come.
“Thank you to Lake County and the Housing Lake stakeholders for your leadership and commitment to sustainable housing solutions,” said Erin Aleman, CMAP Executive Director. “This work will serve as a strong model for future regional coordination and inform The Century Plan, along with voices from across government, civic spheres, business, and communities. Together, we will prioritize what the region will need to meet future challenges and make the most of opportunities over the next several decades.”
ABOUT HOUSING LAKE
Housing Lake is a coalition task force funded by the Schreiber Foundation and facilitated by Lake County Government and the Chicago Metropolitan Agency for Planning, in partnership with All Together and SB Friedman.
The initiative has produced a comprehensive Call to Action that addresses housing needs across all income levels and life stages, providing a roadmap and vision for finding solutions through broad stakeholder collaboration. The Call to Action is available at housinglakeco.com/call-to-action. This marks just the beginning of the Housing Lake journey — with many events, conversations, partnerships, and collaborative actions ahead.
Coalition membership remains open to organizations and key stakeholders committed to expanding housing availability, stability, and choice in Lake County.
Economic momentum doesn’t happen overnight. It takes vision, partnership, and a relentless focus on delivering results. In Lake County, Illinois, that formula has translated into THE most successful economic development runs in county history—and there’s no sign of slowing down. Whether you’re leading a growing company and looking to expand, or you’re on a personal search for your next home, Lake County is a community in which you’re guaranteed to thrive. Connect with us here so we can put you in touch with the resources that you need to make 2026 your best year yet.
Lake County has achieved the strongest year in its history for job growth and direct capital investment, capping off a five-year run that stands as the most successful in several decades – over 4,000 new jobs and $1.83 billion in capital investment. Fueled by a highly skilled workforce, unmatched global connectivity, and competitive state business incentives, Lake County continues to solidify its position as a premier destination for business growth in the Midwest and nationally.
“Lake County has the assets to compete with anyone,” said Kevin Considine, president & CEO of Lake County Partners. “Our workforce, strategic location in the heart of Chicagoland, and adjacency to O’Hare International Airport — the most connected airport in the world — give companies a global platform for success. But we could not have achieved this record-breaking performance without the job growth incentives from the State of Illinois.”
Just a few years ago, Illinois was often absent from shortlists for major corporate expansions and relocations because of uncompetitive incentive programs. That changed with reforms and modernization efforts that positioned Illinois to go toe-to-toe with other states. Programs such as the Economic Development for a Growing Economy (EDGE) Tax Credit and the new Reimagining Energy and Vehicles (REV) Illinois program have become essential, table-stakes tools that ensure Illinois competes effectively for high-impact projects.
With state incentives now on par with national competitors, Lake County’s inherent strengths are winning deals.
Over the past two years alone, major employers including Fortune Brands Innovations, AbbVie, Vantive, and Sysmex announced significant expansions in Lake County, bringing substantial new jobs and capital investment. At the same time, growing companies such as Plano Pharmaceuticals, Henry Broch Foods, and Ymer Technologies have chosen to invest and expand locally — reinforcing that Lake County’s growth spans companies of all sizes and industries.
To sustain this momentum, continued investment in development-ready sites is critical. Infrastructure — including power, water, sewer, and proper zoning — is expensive but essential. Speed matters in today’s competitive site selection environment. Counties and municipalities cannot shoulder these costs alone. Strategic investment in shovel-ready sites will ensure Lake County can maintain its winning streak nationally and globally.
Innovation remains central to Chicagoland’s identity. Lake County is home to the largest life sciences cluster in the Midwest and ranks among the top hubs in the nation.
However, leaders across the life sciences sector have emphasized the need to modernize Illinois’ Research and Development Tax Credit program. Aligning the state credit more closely with federal programs — including a discussion of transferability — would strengthen early-stage companies and help prevent promising startups from relocating to coastal markets to access capital.
“Chicagoland has the workforce, the logistics platform, the innovation infrastructure, and the quality of life that companies seek,” Considine added. “With smart, modern incentive programs and strategic infrastructure investment, we are exceptionally well positioned to keep winning.”
IT DOESN’T GET BETTER THAN LAKE COUNTY, ILLINOIS
Economic momentum doesn’t happen overnight. It takes vision, partnership, and a relentless focus on delivering results. In Lake County, Illinois, that formula has translated into THE most successful economic development runs in county history—and there’s no sign of slowing down. Whether you’re leading a growing company and looking to expand, or you’re on a personal search for your next home, Lake County is a community in which you’re guaranteed to thrive. Connect with us here so we can put you in touch with the resources that you need to make 2026 your best year yet.
LCP is strengthening Lake County’s competitiveness by expanding housing, deepening regional collaboration, and building a cradle-to-career talent pipeline—from early childhood through adult upskilling. By aligning partners, advocating for strategic investments, and creating clear pathways for both businesses and residents to succeed, LCP is making Lake County a place to live, grow, and advance.
A PLACE TO LIVE
Lake County’s housing landscape is being shaped by a clear understanding of its challenges and opportunities, supported by a strategic commitment to action. LCP commissioned a Housing Analysis for Lake County in 2023, immediately following the adoption of a Comprehensive Economic Development Strategy for the community. The housing study laid out a detailed snapshot of where the county stands: undersupply, affordability strain across a range of incomes, a shortage of housing types, and local regulatory barriers.
The responses — from countywide coalitions, municipal programs, philanthropic engagement, development proposals, and strategic toolkits — have been well aligned with those findings and showcased the can-do spirit and equitable growth ethic that defines Lake County.
This year was marked by a large push to make housing a major factor in economic development discussions. For residents, developers, employers and local governments alike, the next few years will be pivotal on the housing front. The topic is not just a matter of shelter; it is core to Lake County’s competitiveness, workforce retention, community diversity, and long‑term vibrancy. A coordinated, multi‑pronged, and sustained push — as is currently unfolding and resulting in developments in towns across Lake County — is exactly what the 2023 housing study prescribed.
A PLACE TO GROW
With LCP’s assistance, public and private Lake County stakeholders are working to address the need for affordable childcare and quality early childhood education options, even in the face of public sector funding challenges.
The NIU-based Center for Early Learning Funding Equity is examining how funding and staffing levels across facilities can be improved to achieve more equitable offerings. Organizations like Start Early are advocating for nationwide harmonization of standards and care. And select high schools now offer a pathway certification in early childhood education, preparing their students for a career in that in-demand field.
The bedrock of Lake County’s economy is a robust and renewable supply of skilled talent, and career pathway programs are more important than ever in helping to shape the next generation workforce. The interest is there too – this year, Lake County Tech Campus welcomed nearly 2,500 students, and prepared for a 20+% increase in enrollment in 2026.
Local educators at the Tech Campus, the College of Lake County, Rosalind Franklin University, the Office of Regional Education and local districts are blazing a path forward, serving as a model in Illinois and nationwide. Lake County boasts several unique and highly successful initiatives designed to engage and educate the next generation:
Navig8 Lake – This initiative provides a powerful, hands-on format where students can explore manufacturing with Lake County manufacturers. The growth of this event is staggering, now featuring over 140 companies and attracting the participation of over 6,000+ students, with the goal of engaging 8,000 in 2026. This scale demonstrates a massive regional commitment to early exposure and career exploration.
SchoolLinks – Addressing the need for streamlined employer-educator interaction, SchoolLinks gives employers the opportunity to onboard in one system. This collaborative platform ensures educators come together to build the pipeline and help companies connect to it, minimizing friction for both students and employers.
Lake County Manufacturing Alliance – This group, run through the College of Lake County, is instrumental in fostering peer learning and collective problem-solving, as it brings local manufacturers together so they can explore best practices and learn from one another. Importantly, financial resources are also available to support business engagement. Lake County Workforce Development has access to a portfolio of federally-funded grant programs that businesses can tap into to cultivate talent, offering tangible support for internships and training programs.
IT DOESN’T GET BETTER THAN LAKE COUNTY, ILLINOIS
Economic momentum doesn’t happen overnight. It takes vision, partnership, and a relentless focus on delivering results. In Lake County, Illinois, that formula has translated into THE most successful economic development runs in county history—and there’s no sign of slowing down. Whether you’re leading a growing company and looking to expand, or you’re on a personal search for your next home, Lake County is a community in which you’re guaranteed to thrive. Connect with us here so we can put you in touch with the resources that you need to make 2026 your best year yet.
In 2025, Lake County celebrated its strongest economic performance on record, fueled by robust capital investment, new and retained jobs and steady growth across key sectors. Business expansion accelerated, and the labor market strengthened — creating a benchmark by which all future growth will be measured. The success was so pronounced that Site Selection Magazine named Lake County, Illinois one of the top 10 counties in the U.S. for economic development, putting Lake County among the upper echelon of the 3,154 counties evaluated nationwide.
As a direct result of our work, we helped fuel $633 million in new capital investment and 1,862 new jobs, and retain 1,333 existing jobs in Lake County in 2025. We are especially proud to announce that, over the last 5 years, we have also powered $1.83 BILLION in direct investment.
The success is evidence of LCP’s laser focus on outreach strategies that drive results. In recent years, we have fine-tuned our communications to generate leads and nurture new relationships; in turn, we leveraged local resources to help businesses grow and tap into the talent and quality of life for which Lake County is known. Our review of the year makes it clear that our strategic efforts to retain and attract business, promote Lake County, and advance initiatives to sustain our exceptional talent and quality of life are having a ripple effect across the entire community. We’re rounding up the year’s biggest highlights below, and for a deeper dive on 2025, check out our year-in-review.
Fortune Brands Innovations Opens New HQ In Deerfield
After a nationwide search, Fortune Brands Innovations consolidated into a single global headquarters in Deerfield, attributing the move to Lake County’s exceptional workforce, dynamic business ecosystem, and culture of innovation. The expansion establishes a world-class, collaborative environment with more than 358,000 sq. ft. of Class A office space, with capacity for over 1,000 associates by the end of 2027. This fall, the company celebrated being 2 years ahead of its hiring goal. LCP proudly presented the company with the 2025 Community Investment Award at the Big Event.
Belle Aire Creations Expands with Porter East
Belle Aire Creations celebrated its new 27,400 sq. ft. “Porter East” facility in Round Lake Park with a groundbreaking. The space will enhance operational excellence and fuel the company’s continued growth in Lake County.
Located adjacent to the company’s existing operations and manufacturing facility—and near its corporate headquarters and Creative Center of Excellence in Libertyville—the $5.5 million investment underscores the company’s commitment to innovation and local job creation.
AbbVie Pledges $192M in North Chicago
AbbVie began construction on its new active pharmaceutical ingredient (API) manufacturing plant in North Chicago, marking another milestone in the company’s ongoing effort to accelerate biopharmaceutical innovation and strengthen U.S. manufacturing capabilities.
The $192 million capital investment underscores AbbVie’s deep commitment to Lake County, where the company will expand employment as part of this new manufacturing capacity.
Flex Expands with $115 Million Investment in Libertyville
Flex is expanding its presence in Lake County with the development of a new auto-injector device production line with a new 335,000 sq. ft. facility in Libertyville. The company is investing $115 million in construction buildout, new equipment, and lease commitments to support this strategic growth.
The expansion will initially create 200 new jobs, with the potential to grow to 400 positions as business demand increases. These new roles will complement the more than 1,000 employees already working at Flex’s Buffalo Grove facility, further strengthening the company’s regional footprint and its contribution to Lake County’s advanced manufacturing and medical device ecosystem.
Plano Pharmaceuticals Selects Lake County for HQ
Plano Pharmaceuticals has announced it will establish its U.S. headquarters along with manufacturing and distribution operations in Lake County. The company specializes in the development, manufacturing, and marketing of generic, sterile injectable therapeutics, primarily for the North American market.
Following FDA certification, Plano Pharmaceuticals will open for production its 80,000 sq. ft., $60 million facility in the City of Zion. The new facility is expected to create 300 jobs, strengthening Lake County’s growing life sciences ecosystem and reinforcing the region as a hub for advanced pharmaceutical manufacturing.
Fox Lake Welcomes “The Quarry”
The Village of Fox Lake announced a new housing development known as The Quarry — a stunning 154-unit market-rate apartment community at Route 12 & Big Hollow Road. With the first units to be available in Fall of 2026, The Quarry is a transformative development offering 1- and 2-bedroom townhome-style apartments with abundant amenities and community space.
This $41 million dollar investment in Fox Lake is designed for Lake County’s “missing middle” housing demand. The Quarry brings attainable, high-quality housing to the heart of the Chain O’ Lakes region and supports Fox Lake’s long-term vision for a vibrant, inclusive community while contributing to continued economic and residential growth.
In 2025, LCP built on its marketing strategy to enhance awareness of Lake County and boost business engagement, initiating targeted campaigns to captivate decision-makers in key industries like life sciences, advanced manufacturing, and real estate. These initiatives integrated “owned media” resources such as blogs, emails, and SEO, with content marketing and modest paid advertising on LinkedIn and Google.
Owned media has quickly emerged as a cost-effective cornerstone of LCP’s communications – thoughtful, handcrafted stories showcase Lake County’s vibrant businesses, organizations and community leaders, and the information rapidly spreads through LCP’s channels and partners. As a result, email engagement is up 19+%, and organic search is up 15+% year over year, reflecting the value of LCP’s thought leadership and content.
This year, LCP produced countless captivating stories that went behind the scenes to capture the essence of what it means to thrive in Lake County. Here are the top 5 blogs of 2025:
CHICAGOLAND NAMED #1 U.S. METRO FOR CORPORATE RELOCATION FOR 12TH CONSECUTIVE YEAR
This ranking by Site Selection Magazine—based on project count—highlights the region’s global economic strength, business-friendly environment, and deep talent pool. These competitive advantages are championed worldwide by the Greater Chicagoland Economic Partnership (GCEP) to drive investment and business expansion across the region.
SITE SELECTION NAMES LAKE COUNTY TOP 10 FOR ECONOMIC DEVELOPMENT
Site Selection honored Lake County as a top 10 county for economic development, citing aggressive investment, job creation, rapid industry expansion and valuable proximity to the City of Chicago (already named the top U.S. metro for corporate relocation) for this recognition. This success is a reflection of Lake County’s strong leadership, and the strategic business retention and attraction efforts led by LCP.
Bolstered by an EDGE agreement, Fortune Brands Innovations announced its plans to significantly invest in Lake County to create at least 400 new jobs in Deerfield, with the capacity for over 1,000 jobs.
VANTIVE INVESTS $23 MILLION IN NEW LAKE COUNTY HEADQUARTERS
Vantive celebrated its decision to invest $23 million and locate its new U.S. headquarters in Deerfield. Vantive, formerly the Kidney Care segment of Baxter International, is a global vital organ therapy company with a 70-year legacy. The announcement builds upon Illinois’ reputation as a global hub for health innovation, biotech, pharmaceuticals and life sciences.
LAKE COUNTY & NORTH CHICAGO TEAM UP TO LAUNCH SHERIDAN CROSSING
Local leaders gathered to celebrate the official launch of the Sheridan Crossing Remediation Project, a major step toward transforming a long-vacant, 40-acre property into a vibrant new development. This project is expected to spur economic development and enhance the quality of life in North Chicago.
BOTTOM LINE: BUSINESS THRIVES IN LAKE COUNTY, ILLINOIS
Economic momentum doesn’t happen overnight. It takes vision, partnership, and a relentless focus on delivering results. In Lake County, Illinois, that formula has translated into THE most successful economic development runs in county history—and there’s no sign of slowing down. Whether you’re leading a growing company and looking to expand, or you’re on a personal search for your next home, Lake County is a community in which you’re guaranteed to thrive. Connect with us here so we can put you in touch with the resources that you need to make 2026 your best year yet.
Rosalind Franklin University’s Innovation and Research Park (IRP) is now home to the new Northern Illinois Laboratory for Tolmar, Inc.(Tolmar), a specialty pharmaceutical company. The new center expands Tolmar’s capacity for developing and commercializing pharmaceutical products, while deepening the university’s ecosystem of industry innovation.
Founded in 2007, Tolmar is a pharmaceutical company recognized internationally for its advanced long-acting injectable drug delivery capabilities. Tolmar develops and manufactures specialized, long acting injectables in the areas of urology, oncology, and endocrinology. Tolmar’s leading product is used in the treatment of advanced prostate cancer and is marketed in 89 countries around the world.
Tolmar’s new product development facility at Rosalind Franklin’s IRP will complement the experienced team of researchers, engineers, and operations staff at our Colorado facility. The Illinois research site also increases Tolmar’s regional presence, which includes executive offices and sales and marketing personnel in Buffalo Grove, Illinois.
“Tolmar is excited to expand our development capability, now covering both Colorado and Illinois,” said Dr. Dave Loffredo, the company’s vice president of innovation. “After an exhaustive search, we found a great home at Rosalind Franklin’s IRP. Tolmar scientists are eager to be a part of this dynamic research environment and hope to grow our presence at IRP.”
Dr. Stace Porter, senior vice president of development operations for Tolmar, sees great potential for the lab located within RFU’s Research Park.
“At Rosalind Franklin University’s Innovation and Research Park, Tolmar gains world-class research space and the chance to collaborate with leading scientists and advanced research cores. Surrounded by Lake County’s vibrant network of global life science companies, we’re excited to grow and innovate here.”
Rosalind Franklin’s state-of-the-art, 100,000-square-foot Innovation and Research Park houses six RFU research centers, including the Center for Cancer Cell Biology, Immunology and Infection.
Dr. Joseph DiMario, RFU Executive Vice President for Research, said the university was pleased to welcome Tolmar to its roster of companies.
“We look forward to collaborations that can help accelerate new product development,” Dr. DiMario said. “The IRP provides an environment that fosters the kind of intellectual biomedical “collisions” that drive meaningful innovation.”
About Tolmar
Tolmar is a fully integrated specialty pharmaceutical company focused on the development, manufacturing, and commercialization of specialty pharmaceuticals across multiple therapeutic areas, including oncology, urology, and endocrinology. Tolmar’s product development and manufacturing facilities are based in Northern Colorado and its executive offices and commercial headquarters are based in Buffalo Grove, Illinois. For more information about the company, visit www.tolmar.com.
About Rosalind Franklin
Rosalind Franklin University of Medicine and Science embodies the spirit of inquiry and excellence modeled by its namesake Dr. Rosalind Franklin, whose Photo 51 was crucial to solving the structure of DNA. Recognized for its research in areas including neuroscience, brain-related diseases, inherited disorders, diabetes, obesity, and gait and balance, RFU encompasses the Chicago Medical School, College of Health Professions, College of Nursing, College of Pharmacy, School of Graduate and Postdoctoral Studies and the Dr. William M. Scholl College of Podiatric Medicine. Learn more at rosalindfranklin.edu.
How Can Your Growing Life Science Company Seize the Momentum?
Lake County is the location of choice for the international headquarters of big-name companies like Abbott, AbbVie, Baxter, Amgen and Walgreens. Importantly, it is also the home of offices for Pfizer, Takeda, Lundbeck, Fresenius Kabi and many others, as well as startups at various stages of growth. In fact, 51% of Illinois’ life science jobs are located in Lake County – making it THE Midwestern life science powerhouse. Learn more about Lake County’s thriving life science ecosystem here, and click here to connect with us to see how we can help your company grow.
Lake County’s housing landscape is being shaped by a clear understanding of its challenges and opportunities, supported by a strategic commitment to action. Lake County Partners (LCP) commissioned a Housing Analysis for Lake County in 2023, immediately following the adoption of a Comprehensive Economic Development Strategy for the community. It laid out a detailed snapshot of where the county stands: undersupply, affordability strain across a range of incomes, a shortage of housing types, and local regulatory barriers.
The responses — from countywide coalitions, municipal programs, philanthropic engagement, development proposals, and strategic toolkits — have been well aligned with those findings and showcased the can-do spirit and equitable growth ethic that defines Lake County.
For residents, developers, employers, and local governments alike, this is a pivotal moment. Housing is not just a matter of shelter; it is core to Lake County’s economic competitiveness, workforce retention, community diversity, and long term vibrancy. A coordinated, multi pronged, and sustained push — as is currently unfolding — is exactly what the 2023 housing study recommended.
We’re taking a closer look to see how the community is working together to achieve its housing goals.
How Local Leaders are Taking Initiative in Lake County
This year, Lake County government, in partnership with Chicago Metropolitan Agency for Planning (CMAP) and with support from Schreiber Philanthropy, launched “Housing Lake,” a stakeholder coalition focused on the housing needs of the County. Housing Lake aims to convene municipal leaders, developers, employers, and community advocates, with the goal of producing an implementable roadmap to expanding housing options across income levels and life stages,” notes Dominic Strezo, the Community Development Administrator who representing Lake County on the project team.
“We’re paying attention to the data, identifying barriers to housing, and ultimately, creating a toolkit that our municipal partners will be able to leverage to support in-demand development.” The goal of the toolkit is to help local governments reduce regulatory barriers and incentivize housing supply. Participating municipalities will be able implement best practices and align local practice with countywide strategy.
In the meantime, municipalities are thinking outside of the box, working with developers and the community to create unique approaches to address “missing middle” housing. Here’s the latest on the housing front from around the county:
Barrington
The Village of Barrington has seen a lot of recent housing development activity. The Prairie Glen was recently completed, consisting of 15 townhome units that are already fully occupied. Construction is scheduled to commence soon to construct the Mylo, which will include 125 residential units and over 12,000 sq. ft. of retail/restaurant space. In addition, 8 luxury rowhomes on Washington street are also currently under construction, and 88 single family homes on the former PepsiCo site are expected to be built in the spring of 2026.
Deerfield
There is a flurry of development activity in Deerfield, where Continental Properties is constructing the Springs at Lake Cook Crossing, a 254-unit residential rental development on the rear 10.79 acres of Deerbrook Shopping Center, (between Waukegan Road and Edens Spur, Deerfield, IL). The development will include 25 affordable units in compliance with Deerfield’s Affordable Housing Ordinance.
Walgreens has also received approval to consolidate its Deerfield Headquarters and sell the north 1/3 of their corporate campus properties located at 202, 300, 302 and 304 Wilmot Road to Pulte Homes. The redevelopment project removes an office building and separate daycare building in order for Pulte Homes to develop the 18-acre property into a 42-lot subdivision called Leclair Estates. Pulte will sell and construct the new detached single-family homes ranging from approximately 2,722 to 3,899 square feet and offer four- to six-bedroom homes. Three of the new homes will be affordable and comply with Deerfield’s Affordable Housing Ordinance.
Elsewhere in Deerfield, VennPoint Real Estate is constructing multi-family townhome style buildings on a 10 acre property in the Parkway North Center. The residential rental development, to be called Parkway North Townhomes, consists of 144 units in 31 buildings. Fourteen of the new units will be affordable to meet Deerfield’s Affordable Housing Ordinance.
Celedon Partners is constructing Deerfield Supportive Living, on the site of a former one-story office to supply housing for residents 65 and over. The living facility will be comprised of 147 affordable rental units.
Finally, this year, Zion Woods opened its doors in Deerfield to a 25-unit affordable residential development that resulted from a mission of the Zion Lutheran Evangelical Church, in partnership with the Housing Opportunity Development Corporation (HODC) and Brinshore Development.
Fox Lake
The Village of Fox Lake, in partnership with Charles Hall Construction, Sterling Hall and WCP Fox Lake, announced The Quarry, a new 154-unit market-rate apartment complex located at Route 12 and Big Hollow Road. The development provides 1- and 2-bedroom options in a town-home style design that will bring much-needed housing options to the Chain O’ Lakes community and address the growing demand for high-quality, attainable residential living in Lake County. Construction has begun, with the first units expected to be available in September 2026.
Also in Fox Lake, approval has been given for the Lakeview Apartments development, a 148-Unit, three-story apartment building that will include 148 1 and 2- bedroom market-rate apartments. The total investment is expected to be over $34 million.
Gurnee
In Gurnee, developers are exploring a 40 unit affordable housing project in the Woodlake subdivision for households earning 80% of the Area Median Income. It’s not just about building affordable units but retaining them as affordable. In this case, the concept proposes a 30-year land use restriction to make sure that the development remains effective amid changing markets.
Hawthorn Woods
The Kemper Ridge development, proposed by M/I Homes of Chicago LLC, is a significant residential project in Hawthorn Woods intended to introduce housing diversity to a village traditionally dominated by large-lot, single-family homes. Situated on an unincorporated 56-acre property adjacent to the Kemper Lakes Golf Club, the subdivision is currently planned for a mix of approximately 177 residences, including single-family homes, duplexes, and townhomes. The project, which requires annexation into Hawthorn Woods and several zoning variances, was recently approved.
Highland Park
Recent housing developments in Highland Park are highlighted by the preliminary approval of a large-scale townhome community on the former Solo Cup property at 1700 Deerfield Road. The proposal by The Habitat Company, which received City Council support, involves rezoning the approximately 28-acre industrial site to residential for a 227-unit townhome development. This community will feature 48 buildings, a clubhouse, and nine acres of green space, with 34 of the units specifically reserved for the area’s median income as part of the city’s Inclusionary Housing Plan.
Lake Villa
Starling Senior Apartments located on Tower Dr. in Lake Villa is ready to open its doors to seniors aged 55 and older. The newly constructed development includes 40 units of affordable rental housing. The 3-story building contains thirty 1-bedroom units and 10 2-bedroom units. The development was the result of multijurisdictional municipal collaboration (Village of Lake Villa, Lake County, and the State of Illinois) partnering with the private sector to achieve a shared vision.
Libertyville
Eve B. Lee Place, named after longtime affordable housing advocate and 1961 Libertyville Fremont High School graduate Eve Lee, will be completed in the spring of 2026 at 500 Peterson Road. The facility will also act as the new offices of Community Partners for Affordable Housing, which provides housing services to residents across the region. The new, independent living development for adults 55 and older, will offer 34 energy-efficient, affordable apartments. This newly constructed development features a mix of 1- and 2-bedroom units.
Additionally, Continuum Development is seeking Final Plan Approval of a new project at the corner of Brainerd Avenue and Lake Street in downtown Libertyville. This four-story transit-oriented (TOD) development will bring 91 luxury apartments, offered in a mix of one- and two-bedroom floor plans. The building will use generous setbacks and high-quality finishes to integrate with Libertyville’s historic downtown district. Other public benefits include the creation of a new access road and pedestrian path that, together, improve connectivity between Libertyville’s vibrant downtown & the adjacent Metra station. The development site also includes a parcel fronting Milwaukee Avenue that Continuum intends to develop into a standalone retail building at a later date.
Lincolnshire
Residential developer Willow Bridge Properties is proposing a 340-unit luxury rental apartment community at 300 Tower Parkway, replacing a long-vacant 175,500-square-foot office building. The 13-acre redevelopment will eliminate a long-term vacancy, introduce much-needed new housing options, and add consumer activity that supports local businesses. It will also reactivate the adjacent Stone Quarry Lake, advancing key goals of the Village’s 2024 Comprehensive Plan. The proposal is currently under review, and more details will be available in early 2026.
Mundelein
There’s also a lot to report on in the Village of Mundelein, where staff had the rare opportunity to welcome into the Village a historic parcel with a proposal for development that will honor and preserve the heart of the land which is the 800 acre Wirtz family farmstead from the 1800s. The farmstead (aka Ivanhoe Farms) will be preserved, but the adjoining parcels envision a legacy project that embraces world renowned planning principles and may take up to 25 years to fully build out. The proposal contemplates a town center, which will be subsidized by the owner as an amenity for residents and visitors of the community. Varied housing types are proposed to be mixed throughout the blocks, interspersed with regional trails and commercial and industrial flex spaces.
At the Morris Station development, there are 136 market rate rental units across two properties that flank the railroad tracks along Park Street. Construction was completed in 2024, and the project is 100% leased, with most tenants working in education, medical and sales. The tenant mix includes: 39% from within Lake County; 18% from out of state; 11% from Mundelein, and 11% from Cook County. The top resident age brackets are 25-31 years old.
The $68 million “Area Apartments” project by Flaherty & Collins will occupy the three remaining Village owned lots in the Plaza Circle subdivision. The development will include multi-family residential (five stories, 225 units), 17 townhomes, a future freestanding retail pad, and a three-story private parking garage with 271 spaces. The development is just steps from Metra’s North Central Service line and downtown Mundelein.
Construction was completed for Station 250 in 2024, and the property is now leasing. There are 169 market rate luxury apartments, located immediately south of Village Hall on Plaza Circle.
At Cardinal Square, there are two completed apartment buildings, which focus on sustainability with a Net-Zero Carbon operation and geothermal energy used to heat and cool common areas of the facility. There are additional solar panels on rooftops to power mechanical systems, amenities, and EV charging stations.
The Mundelein Senior Apartments project has created 46 units of independent senior housing for low-income seniors, and construction is ongoing and includes the use of pre-constructed modules to arrive with outfitted with carpeting, cabinets, and plumbing fixtures.
Other developments include Sheldon Woods, where Phase 1 is complete, and construction on Phase 2 is nearing completion for 192 new single-family homes by Pulte Homes, located across from the Mundelein Crossings Shopping Center. At the Townes at Oak Creek, there are 44 townhouse buildings, and 222 units on the former Oak Creek Plaza site, the site of the former Menards. Finally, at the Springs at Mundelein, 147 two-story garden style apartments with 1 – 3 bedrooms are being constructed.
Round Lake Beach
In the Village of Round Lake Beach, the HARP (Housing Acquisition & Rehabilitation Program) acquires and rehabilitates vacant homes and sells them affordably with deed restrictions in partnership with the county and non profits. This program demonstrates that rehabilitation programs can offer cost-effective strategies to increase affordable homeownership or rental units.
Vernon Hills
Vernon Hills is also seeing a big influx of development, and it’s being met with enthusiasm in the community. In 2020, the village approved the redevelopment of its Hawthorn Mall complex to promote mixed use, including housing, and revitalize the space. The first new building, completed in the fall of 2023, included a residential component called the Domaine. The Domaine has 311 market rate units and reached a steady 95% occupancy rapidly after opening.
The second building, projected to open in the spring of 2028, would have approximately 290 units. The project would set aside 20% of the units to be affordable to moderate-income households (up to 60% of the Area Median Income). The rent would be roughly 40% of the market rate rent.
The second building, projected to open in the spring of 2028, would have approximately 290 units. The project would set aside 20% of the units to be affordable to moderate-income households (up to 60% of the Area Median Income). The rent would be roughly 40% of the market rate rent.
Waukegan
Nearby, in the City of Waukegan, several new housing developments are taking shape including redevelopment of a former YMCA building to accommodate 26 new residential units and commercial/retail space, offset with $1.725 million in development assistance. Also in Waukegan, the Ravine Terrace development is being converted into a 98-unit senior housing facility and PADS Lake County is redeveloping a former Travelodge Hotel into a permanent family shelter, funded by ARPA dollars and state funds.
On the Housing Horizon in Lake County
As attainable housing rises to the forefront of economic development priorities, these examples will serve as a beacon of things to come. Implementation of the collaborative efforts of Housing Lake will be critical first steps to address Lake County’s housing shortage. The monthly workshops held this year will conclude with a Housing Summit in February 2026, where implementation strategies will be finalized by the coalition to guide future action. Progress will continue to be reported on in this blog. For additional information on housing initiatives in Lake County, Illinois, please click here to connect.
To formulate the Comprehensive Economic Development Strategy (CEDS) for Lake County, Lake County Partners convened business, education, workforce development and civic leaders to collaboratively align economic priorities across the region, enrich the talent pipeline, and drive business success. The result was an action‐oriented economic development strategy that builds on existing efforts and spotlights what’s needed to achieve economic prosperity in Lake County.
The CEDS recommended enhancing Lake County’s competitiveness by expanding housing, deepening regional collaboration, and building a cradle-to-career workforce pipeline—from early childhood through adult upskilling. By aligning partners, advocating for strategic investments, and creating clear pathways for both businesses and residents to succeed, LCP is making Lake County a place to live, grow, and advance.
In this blog, we’re taking a close look at Educare Lake County, a state-of-the-art early learning center that organization Start Early is building in deep partnership with the community with the aim of giving every child the opportunity to reach their full potential.
Start Early, one of the nation’s leading early childhood nonprofits, is committed to providing inclusive access to quality early learning for children living in under-resourced communities. It is with this spirit that Start Early has embarked on an exciting new project called Educare Lake County. Located between Shiloh Park and Zion Central Middle School, Educare Lake County will serve 174 children ages 6 weeks to five 5-years-old through Early Head Start and Head Start programming. The 38,000 square-foot center will serve as a vibrant hub for early learning, family support and community partnerships. At this facility, families can expect:
Full-day, year-round programming that supports the schedules of working parents
15 developmentally appropriate classrooms, including six preschool rooms and nine infant/toddler rooms
A dedicated STEAM room, library, indoor and outdoor play spaces, learning garden and community gathering areas
Highly trained, certified and bilingual teachers and family support staff
To provide immediate support to Lake County families while Educare is being constructed, Start Early has launched and implemented early learning interim programming with the capacity to serve 141 children in Beach Park and Waukegan.
“We know that when young children have access to high-quality early learning experiences, entire communities thrive,” notes Celena Sarillo, the Executive Director of Start Early Illinois. “Start Early is honored to work alongside Lake County leaders, businesses and families to bring a new state-of-the-art early learning center to life – one that expands opportunities for children, supports parents and creates jobs in the community.”
Why Educare Lake County Matters in the Community
Lake County is home to 48,488 children under age 5 representing a new generation of thinkers, creators and leaders, and access to high-quality, affordable child care is integral to their opportunity to succeed.
In 2022, Start Early partnered with leading Lake County philanthropists to assess the county’s early childhood system. The goal of this assessment was to ensure all families and young children are prepared to thrive and to strengthen the county’s long-term social and economic future. Study findings showed a gap between the number of young children in the Lake County area and options for affordable and full-day child care available to them.
Educare Lake County aims to increase access to critical early learning experiences, building on existing efforts in the community to ensure every family in the area has access to safe, trusting, effective and quality early childhood experiences that support the unique needs of every young child.
What Makes Educare Lake County Unique
At the heart of Educare’s model is a simple truth: parents are a child’s first and most important teachers. Educare’s programs pair high-quality learning with strong family partnerships to ensure each child’s development is supported at home and at school. At Educare Lake County, families have access to:
Dedicated family support specialists
Parent groups and community events
A Parent Committee to elevate family voice
Workshops and developmental resources tailored to early childhood needs
This approach helps build strong relationships, deepens family engagement and supports long-term success for young learners.
Childcare Powered by Community Partnerships
Strong community partners are the building blocks of success for children and strong early childhood systems. Start Early is partnering with local school districts, the Regional Office of Education, colleges and universities, and community organizations across Waukegan, North Chicago, Round Lake and surrounding areas to build a comprehensive network that supports and develops early education leaders and teachers.
This work includes coordinating a Lake County Professional Learning Network to recruit, train, and retain more than 350 early childhood professionals each year, as well as facilitating monthly Professional Learning Communities that deliver high-impact training, align professional development calendars, and foster strong communities of practice across the region.
“I believe that Educare Lake County will help service the whole child. It’s about training educators so that they can be high quality and support the needs of our students so that they’re ready to be successful,” noted Dr. Cheryl Caesar, Assistant Director of Diverse Learners, Waukegan Public Schools at an April 2024 Educare Lake County Community Design Meeting.
The opening of Educare Lake County marks an exciting moment for the region. Community members, employers and supporters have an opportunity to help transform what early childhood education looks like across Lake County.
Start Early is projecting a $25M campaign budget for Educare Lake County based on decades of experience building our own programs and services and consulting others in doing the same. To date, they have raised just over $21M (84%) and are planning to break ground in 2026.
Start Early continues to explore new funding opportunities to ensure they can serve Lake County families as soon as the 2027/2028 school year. Whether you want to invest in the project, get involved in community partnerships or support early childhood educators, your participation can help ensure that every family in Lake County has the resources they need to thrive.
The 2025 Midwest Industrial Summit, hosted by Bisnow on November 20 at Innovation Park in Libertyville, Illinois, brought together over hundreds of leaders in industrial real estate — developers, investors, brokers, and public officials — to tackle the future of logistics, cold storage, capital markets, and industrial development across the Midwest. The event was made possible by a number of sponsors, including Wintrust Community Banks and Lake County Partners.
While topics spanned from macroeconomic outlooks to advanced automation and cold-chain logistics, one theme resonated loud and clear throughout the day: Lake County is the Midwest’s premier destination for industrial investment.
The Energy of a Sector in Transformation
From the opening keynote to the networking reception, the summit made it clear that the industrial sector remains the most dynamic component of commercial real estate.
Panelists agreed that demand for high-quality, strategically located industrial space continues to outpace supply, especially in mature markets like Chicagoland. However, with land constraints and rising costs, many are looking northward to Lake County as the logical next frontier.
“Lake County offers the best of both worlds,” noted Ron Lanz, the Senior Director of Business Development at Lake County Partners, and an attendee of the event. “You’re still part of the Chicagoland market, and you can maximize accessibility and workforce while tapping into a business-friendly environment. That’s an unbeatable combination right now.”
Key Takeaways from the Bisnow Midwest Industrial Summit
The event’s agenda featured several high-impact panels that captured the pulse of the industry:
1. The State of the Midwest Industrial Market
Experts emphasized resilience despite national headwinds. Vacancy rates in the Chicago MSA hover around historic lows, and rents are still trending upward. Suburban and exurban submarkets are showing strength, particularly in Lake County, McHenry County, and southeast Wisconsin.
Panel discussions made it clear that companies aren’t just chasing cheaper land anymore. They’re chasing connectivity — logistics access, workforce pipelines, and the ability to deliver next-day or even same-day service to Chicago and Milwaukee. Fortunately, this is exactly what Lake County delivers.
2. Capital Markets and Finance Outlook
While rising interest rates have recalibrated some investor expectations, industrial remains a favored asset class among lenders. Lake County’s fundamentals, like low vacancy, high absorption, and a growing roster of national tenants, make it a top pick for institutional capital seeking stability with upside potential.
3. Cold Storage and Innovation
As food, pharmaceutical, and e-commerce supply chains modernize, demand for cold and temperature-controlled space has exploded. Developers cite Lake County’s proximity to O’Hare, Milwaukee’s General Mitchell Airport, and major interstates, including I-94, Route 41, and Route 60, as ideal for this niche.
The bottom line is, Lake County is perfectly positioned for the cold chain revolution because it’s close enough to serve two major metros, with the land and infrastructure to support state-of-the-art facilities.
Lake County Takes Center Stage
As attendees explored Libertyville’s Innovation Park, many saw firsthand the potential that Lake County offers. Once a corporate campus, the site has been transformed into a vibrant mixed-use innovation hub—proof that adaptive reuse and industrial reinvention can coexist. It is now owned by R2, in partnership with JDI Realty.
“Libertyville has a highly specialized employment base anchored by metal fabrication, machinery production, plastics and rubber manufacturing, and advanced technical and electronic products. This industrial strength continues to attract talent from across the country, supported by the growth of companies like Flex North America, the third expansion of AHEAD, and the ongoing success of Valent BioSciences,” notes Libertyville Mayor Donna Johnson. “The community is recognized not only for its skilled and technical workforce, but also for the exceptional quality of life that keeps both employers and employees rooted in Libertyville.”
Throughout the day, local economic development and industry leaders engaged to share update on major projects and incentive opportunities. Their message was clear: Lake County is ready for growth, and it’s actively welcoming investment.
Among the top factors that have made Lake County such a desirable location for business:
A Prime Logistics Location – Nestled between Chicago and Milwaukee, Lake County gives businesses unmatched access to I-94 and U.S. 41, two of the region’s most critical north-south arteries. Distribution centers in places like Waukegan, Gurnee, and Grayslake can reach more than 9 million consumers within a 60-mile radius. It’s no wonder leading companies like Sysmex America, Medline Industries, and Fortune Brands Industries have expanded in the community in recent months. The County’s combination of highway access, available land, and proximity to major population centers makes it a sweet spot for logistics and manufacturing operations alike.
Tight Vacancy and Rising Demand – According to recent data, Lake County’s industrial vacancy rate hovers around 6.2%. Rents continue to climb, and are up roughly 3.5% year-over-year, driven by steady absorption of Class A space.
Pro-Business Climate and Incentives – Panelists repeatedly highlighted Lake County’s business-friendly environment. Through Lake County Partners, companies can access a range of incentives including but not limited to: 1) Enterprise Zones and EDGE tax credits to offset startup or expansion costs; 2) Industrial Revenue Bonds (IRBs) for low cost financing; and, 3) workforce development partnerships with Lake County Workforce Development and the College of Lake County to train and upskill talent. These tools, combined with collaborative local governments and a response permitting process, have made Lake County one of the Top 10 Counties for Economic Development in the U.S. according to Site Selection.
Workforce and Quality of Life – Industrial growth depends on people—and Lake County delivers. With a population exceeding 700,000 and a labor force of 370,000+, employers can draw from a skilled and educated talent pool. The region’s quality of life, top-ranked schools, vibrant downtowns, forest preserves, and proximity to Lake Michigan help employers attract and retain talent. As Kevin Considine, LCP’s president and CEO and event speaker noted, “You can run your operation here knowing that your employees will be happy to live nearby. That’s a major competitive edge.”
Lake County Is Picking Up Momentum
The event closed with a forward-looking discussion on what’s next for Midwest industrial real estate. While national trends point toward normalization after the pandemic-driven boom, the consensus was optimistic.
Lake County, specifically, is poised for sustained expansion. With its strategic location, infrastructure capacity, and coordinated economic development efforts, it’s ready to accommodate the next wave of advanced manufacturing, innovation and logistics space.
Local officials emphasized the County’s commitment to sustainability; the community is actively advocating for modern, energy-efficient facilities and green infrastructure. Developers echoed this sentiment, noting that tenants increasingly prioritize environmentally-conscious locations.
“Lake County isn’t just growing in a haphazard way,” said Steve DeBretto, Lake County Partners’ Director of Strategic Initiatives. “Local leaders are ensuring that it’s growing strategically, by balancing industrial strength with community and environmental responsibility. That’s what will sustain it long-term.”
The day buzzed with energy during coffee breaks and the post-event reception. Attendees shared deals in progress, discussed future site plans, and explored collaboration opportunities. Brokers spoke of surging interest in off-market properties, while investors compared notes on speculative development across Lake County.
Why This Matters for the Industrial Real Estate Community
For developers and investors, the Bisnow Midwest Industrial Summit reinforced what the numbers already show: the industrial sector remains a pillar of strength in commercial real estate.
Lake County’s rise represents a natural extension of the Chicago industrial core, and it’s unsurprising given the area’s accessibility, affordability, innovation, and long-term growth potential.
As industrial assets evolve—from e-commerce fulfillment centers to advanced manufacturing hubs—the County’s balance of infrastructure, workforce, and land availability positions it as one of the most compelling submarkets in the Midwest.
“Whether you’re an investor seeking stable returns, a developer eyeing the next growth corridor, or a company ready to expand operations, Lake County offers the access, infrastructure, and community support to make it happen,” notes Ron Lanz, Lake County Partners’ Senior Director of Business Development.
Recent Comments