Homes for Sale and the Spillover Effects in a Neighborhood


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By Derek Naber
Project Developer

Wow. Here we are entering the fall of 2016… the last ten months have blown by! At Holladay, we are getting ever closer to bringing new development to Central Greens.

One development target we are focusing on is the creation of new, single-family, for-sale housing at Central Greens (as you can see in the Master Plan below – Section 7, outlined in red).

Central Greens Master Development Plan

Here in Indianapolis, there is no clearer precedent of what for-sale housing can do to a neighborhood than the redevelopment of Fall Creek Place (shown in below photo). In the 1980’s, the neighborhood was locally known as “Dodge City” (referring to the high violence in the area), but with strategic public/private investment, the neighborhood has turned around with a high quality mix of market-rate and affordable housing. The stabilization of the neighborhood has resulted in trickle down growth with the addition of new restaurants, new apartments, and other commercial development.


Bringing it back to Central Greens, we are excited to partner with Compendium Group and Nottingham Realty on the development of 16 single-family homes, 5 townhomes, and 1 duplex. It is anticipated that the development will break ground in the Spring of 2017!


Exterior elevations of the planned, single family homes at Central Greens.

We believe that for-sale housing will further complement the investment that has been made to-date.

Feel free to contact us if you are interested in buying a house and visit the Central Greens website for more details!

Out with the old, in with the new


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We held a groundbreaking ceremony for our new multi-family residential project, Burlington Station, on Friday, October 7th. The four-story, 89-unit community is our first traditional multi-family development since we completed Maple Lane Apartment & Executive Suites in Elkhart, IN in the early 1990s.

Demolition has begun on the existing bank building (that has been vacant for several years) that exits on the site currently. A few weeks ago, we shared the history of the project with everyone, including photos of the Downers Grove Fire Department using the bank building for training. This time, we’re sharing photos of the building as it was on October 7th and the groundbreaking ceremony.

We’re excited to share this new project with all of you and be sure to visit us again for more progress updates. You can also Follow our blog for notification of when we post about Burlington Station.

Enjoy the photos!


5100 Forest Avenue is the site of the Burlington Station multi-family residential development.


The project is located at the corner of Gilbert and Forest Avenue in Downers Grove, IL.


The Southeast corner of the Burlington Station site, from the Downers Grove Library across the street.


The Northeast corner of the Burlington Station site. Tree clearing has already begun at the project location.


The southwest side of the project site. Roads around the project location will be closed during construction.


The south side of the project, currently home to an old bank drive thru canopy.


The north side of the existing building. The building has been vacant for several years in is in extreme disrepair.


The north side of the project site, currently home to a parking lot and overgrown trees.


The northeast corner of the existing building – it seems people have been using our site as a dumping ground. That will change very soon.


The existing building.


The interior of the bank building, post firefighter training.


Time for the groundbreaking ceremony. Project Manager, Drew Mitchell welcomes everyone to the event.


Holladay Properties President & CEO, John Phair speaks about what the Burlington Station project means to Holladay.


The Mayor of Downers Grove, Mayor Martin Tully, talks about what the project means to Downers Grove.



From left: Michael O’Connor (Holladay Properties); Linda Kunze (Downtown Downers Grove Management Corporation); John Phair (Holladay Properties); Mayor Martin Tully (Downers Grove); Illinois State Representative David S. Olson; Drew Mitchell (Holladay Properties).



From left: Michael O’Connor; Linda Kunze; Lisa Wentzell (Downers Grove Economic Development Corporation); Drew Mitchell; Mayor Martin Tully, State Representative David S. Olson; Tim Healy (Holladay Properties).


The Holladay Properties Burlington Station development team. From left: Larry Mudd, Partner & VP-Development; Drew Mitchell, VP-Development; Lori Kappel, Project Designer; Tim Healy, Partner & Sr. VP-Development; Michael O’Connor, VP-Leasing & Development.

Check back in a few weeks for more photos or Follow our blog so you’re notified immediately!

Holladay Lives United!


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By Cassandra Sprigg
Administrative Assistant, South Bend

For 30+ years, Holladay Properties’ South Bend office has been a strong supporter of the United Way of St. Joseph County (UWSJC). Each Fall, our staff kicks off its Holladay Lives United Campaign by touring a community agency and witnessing the impact the organization has had on their programs. While these tours have given us great insight into the agencies and their practices, our knowledge of the UWSJC itself, however, has been limited.


As we discovered during our 2016 Holladay Lives United Campaign Kickoff on September 7th, the UWSJC has recently redeveloped its vision of lifting people in our community out of poverty, by focusing especially on three areas of impact: Early Learning, Youth Success, and Stable Families.
UWSJC’s Early Learning initiative aims to ensure that children from ages 0-12 surpass key readiness and early grade reading benchmarks. Working with Impact Partners such as La Casa de Amistad and Camp Fire River Bend, UWSJC seeks to encourage a love of learning in a community in which 83% of low-income children are unable to read proficiently by the end of 3rd grade.

In continuing their emphasis on education, UWSJC’s Youth Success initiative focuses on instilling in older children the skills necessary to complete high school and pursue post-secondary education or advanced training. An alarming 7,000 students drop out of school every day, and 80% of first time drug abuse happens between ages 10-14. The funding that programs such as Five Star Life – an organization which focuses on “coaching” middle school students to achieve academic success – receives, helps them to create after-school tutoring programs that deter students from making poor choices, and encourages them to graduate high school.

Recognizing that many families, regardless of their educational background, struggle financially and emotionally due to unforeseen circumstances, UWSJC has created the Stable Families initiative. The goal of this initiative is to ensure that adults achieve long-term financial stability by developing the skills and opportunities to obtain and sustain employment. In support of this, UWSJC funds “Impact Partners” such as Bridges out of Poverty, an organization that teaches people how to better manage their finances, repair their credit, and handle non-work related problems (medical, emotional, etc) that could result in absenteeism and untimely job loss.

Not only has the United Way of St. Joseph County revitalized its mission, with the Early Learning, Youth Success and Stable Families initiatives, but the organization is also building a new framework which will allow collaborative teams of organizations to work together toward common goals. During the grant proposal process, should two impact partners seek funding for mutual intentions, they will be given the opportunity to join together, and use the funding to help each other in reducing poverty in the community. This new collaborative team effort has already proven itself successful with pairings such as Hope Ministries and the Center for the Homeless. It is UWSJC’s hope to have 40% of its funded programs delivered by collaborative teams instead of individual agencies by 2017.

With 40% of households in St. Joseph County struggling to afford the basic cost of living, it is extremely important that we understand and support the vision of our local United Way. The organization’s new focus on Early Learning, Youth Success, and Stable Families lays out a clear path for the struggling in our community to build their way out of poverty, no matter their stage of life. As United Way of St. Joseph County’s 2016 Company of the Year, it is an honor and a privilege for Holladay Properties to be a part of the organization’s mission: to defeat poverty in St. Joseph County!

Gearing up for a Groundbreaking


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Holladay Properties is getting ready for a groundbreaking event at its 5100 Forest Avenue property in Downers Grove, Illinois. The event will take place in October and will be the culmination of more than three years of planning and strategizing. We thought now would be a great time to share the story of this project with everyone!

1895 – Illinois Lumber Co.

1895 image courtesy of Downers Grove Historical Society

5100 Forest Ave. in the early days

1970s – 2005

Bank Building from 1790s to 2005

From the 1970s until 2005, the site housed a bank building, though it changed brands many times. In 2005, TCF Bank closed its doors and eventually foreclosed on the property.


In 2013, Holladay Properties purchased the building, which had been vacant for 8 years and started planning how to redevelop and re-purpose the existing building.


One of the early plans for the building included converting the facility to retail use with a drive-thru restaurant.


Another early retail-themed plan for the building.


In the beginning, Holladay looked at working with a development partner to create a mixed-use facility for the site, with ground floor retail and upper lever multi-family uses.

Holladay also researched hospitality uses for the site.



2016 Rendering of Burlington Station

Holladay begins to actively work towards demolishing the existing facility and converting the site to house a single-building multi-family complex. The name Burlington Station is chosen for the 89-unit facility.


Firefighters use the vacant building for training exercises

The Downers Grove Fire Department asked us if they could use our vacant facility, scheduled for demolishing, for firefighter training.


Of course, we said yes and the Downers Grove Fire Department sent about 60 firefighters and offices to our facility over a 3-day period.


Many of the firefighters had not had the opportunity to work on this type of building before.


The firefighters also discussed different tactics and how building construction features could affect their operations.

We’re ready to begin the next stage in the life-cycle of this facility and look forward to working with the Village of Downers Grove to bring new life the 5100 Forest Avenue and attract young people who might become long-term residents of the suburb.

Stay tuned for more updates on this exciting new project!

Recognizing Our People in the Community – Drew Mitchell


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Drew Mitchell Drew Mitchell, Vice President of Development, is currently serving as President in his fifth year on the Board of Directors of Junior Achievement of Northwest Indiana (JA). Jessica Vargas, Project Architect, also served on the Board.

Junior Achievement partners with businesses and educators to bring real world experiences to the classroom, helping students open their minds and their potential. Volunteers deliver relevant, hands-on experiences that give students from kindergarten through high school knowledge and skills in financial literacy, work readiness, and entrepreneurship.

JA NWI currently serves over 90 schools in Lake and Porter Counties in Indiana, and JA programs are in nearly 1,800 classrooms. Last year, over 700 community-based volunteers taught in classrooms, reaching nearly 45,000 students. JA programs are free to schools thanks to the help of its corporate partners as well as volunteer support.

Recently, a Holladay Properties team participated in the 2016 NWI Bowl-a-Thon to benefit Junior Achievement. The six volunteers included Drew and Jessica, as well as Duffey Phelps (Project Developer), Khalela El-Naggar (Portage office intern), Kit Suhoveky (Portfolio Manager-South Bend), and Mike Micka (Vice President of Development). The team enjoyed an evening of pizza and bowling in support of this great group, and raised $420, vastly surpassing its goal of $200.


To support Junior Achievement or for more information, contact Drew Mitchell.

Nashville celebrates team with company picnic


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The Holladay Properties Events Committee (Marcy Coffman, Candalee Kumar, Sarah Rexrode, Cheryll Schroth, and Micah Williams) recently planned and executed a memorable Company Picnic featuring group interaction, good food, and super-fun activities. We are happy to report that no serious injuries, no sunburns, and no dehydration resulted from the event!

On Saturday, July 16, Holladay Properties’ Nashville personnel and their families met at the YMCA Camp Widjiwagan for a delicious barbecue lunch and fun events.

“I think this was the best company picnic ever; not crowded, since we were the only group there, which allowed everyone to participate and do multiple activities later,” declared Julie Malone (Quality Assurance Analyst).  “The food was great, good participation in the team events, and fun activities for everyone later. The banana boat was a blast and I would have loved to have more time to do it several times,” she added.

Everyone that attended was split into teams for the events (sack race, 3-legged race, relay race, and tug-of-war). Each team was awarded points based on where they finished each event. The points were added together for each team and awards were given to the teams finishing in first, second, and third places. After the team events, everyone was free to enjoy camp activities including zip line, banana boat rides, pool/splash pad, kangaroo jump, and canoes/kayaks.

“It was great to get to interact with everyone from different levels and departments! The food was amazing and the choices of things to do after the scheduled events were a blast!” said Brandon Drake (Assistant Property Manager-Skyline).

Holladay personnel that took home FIRST place included: Allen Arender, Tiffany Coursey, and Carrie Cunningham. In second place were: Samantha Abbott, Carrie Jo Carman, Brandon Drake, Candalee Kumar, and Cheryll Schroth. And third place winners were: Marcy Coffman, Lisa Sexton, and Sarah Rexrode. Bragging rights apply.

Jeff Ottman (Executive Vice President-Operations) wrote in an email, “I want to thank the entire Events Committee on a great picnic.  I really needed that fun after being away from the office for an extended period of time.  Great job to everyone who contributed to it.”

Please enjoy these photos from the event.

Events Committee members Cheryll Schroth, Marcy Coffman, Sarah Rexrode, Candalee Kumar, and Micah Williams

Events Committee members Cheryll Schroth, Marcy Coffman, Sarah Rexrode, Candalee Kumar, and Micah Williams

Sack Race shenanigans

Sack race shenanigans

3-Legged Race competition

Getting ready for the 3-Legged Race competition

Tug-Of-War contest

Time for Tug-Of-War!

Zip Line Tower

Big fun at the Zip Line Tower

Banana Boat

Banana Boat rides were a big hit

Executive Vice Presidents Allen Arender and Jeff Ottman

Holladay Partners & Executive Vice Presidents Allen Arender and Jeff Ottman