Thankful for…2016


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On behalf of everyone at Holladay Properties and all of our affiliates, we would like to wish everyone a Happy Thanksgiving! In the spirit of the holiday, we are offering our third installment of our “Thankful for…” series that started in 2014. Continue reading to be delighted by this year’s reflections of employees from all over our company about what they are thankful for this year. Enjoy!

“I am thankful to have such an amazing sister. We recently celebrated her 50th birthday in Indianapolis with two life-long friends. The stories and highlights of the evening will be laughed at for years to come. She’s been an amazing mentor and friend my whole life. I’ve always looked up to her and appreciate the sisterly advice. My favorite is ‘Accessories are the key to a finished look’.  She makes me whole and I can’t imagine life without her. I’m very fortunate to have a sister like her.”

– Manette Tepe
Partner, Sr. VP-Development (South Bend)

“I am thankful for many life blessings but, several elevate to the top of my list. First and foremost I am thankful for my wife Lyn. 2016 marked her fifth year in remission of breast cancer and our 25th wedding anniversary. She was diagnosed in August 2011 and required too-many-to-wish-upon-anyone infusion treatments, and multiple invasive surgeries to champion the cancer.  My life is now measured in the daily blessings of having her at my side, and it will never be taken for granted.  The next top of the list is, of course, my three children: 23, 20, and 19 years of age; two older sons and the youngest our only daughter.   Since each was born, Lyn and I have been blessed by so many great memories of their growing up that they can only be numbered by stars in the sky. Next is God and Country.  With the election finally behind us, I look forward to seeing the fruits of this great nation again being ripened by God’s touch and the day that all AMERICANS can again stand up and be tall as one country and restore the ability for all Americans to dream the unimaginable. Lastly, I am thankful to the entire Holladay Team for the enriching work life and the sense of being that each of you brings to my life.

May each and every one of you and your families find the blessings of giving this holiday season and know that we live in the greatest country on earth.”

– Kelly Manion
Sr. VP-Property Management (Nashville)

“I am thankful for the love and support of my family and good friends. I am thankful I have a job that is enjoyable, challenging, and ever changing. I am thankful for great co-workers and wonderful clients I get to interact with daily.”

– Jessica Vargas
Project Architect (Portage)

stone“I’m thankful for my health and the continued good health of my family and friends. I am thankful that I have raised two grown children that are independent and who have set out to make their marks on this world. I am thankful that God chose to bless me with twins at the ripe old age of 40, for they are my energy when I have none, they are my eyes and ears for the beauty and excitement that surrounds us daily, they keep me excited and motivated for every day with them. I am thankful for my husband, who loves me unconditionally when I am not always loveable. I am thankful for a fantastic boss and an employer that allows me continued opportunities to grow in my knowledge and experience within the company.  I am thankful to God and all the blessings he bestows upon me and my family. For 18 years, I grew up in 3rd world countries where extreme poverty, sickness, terrorism, and natural disasters were part of my life. So, I am TRULY thankful to live in the USA, and for all the men and women who choose to serve and sacrifice for our great Nation, protecting our freedoms, one Nation under God. I am thankful for my parents and their service to our country, for they allowed my eyes to be opened to other countries, their people, their beauty, their struggles, their happiness, and it has given me greater knowledge than any book or the media could ever provide. I am thankful for the ability to Love, for in a world full of hate, I still choose Love.”

– Melanie Stone
Assistant Project Manager (Virginia)

“I am thankful for hugs and kisses and time with my five children and wonderful wife. I am thankful for the team of individuals I work with every day and who make my job easier because of their strong sense of focus, commitment and optimism. I am thankful that I have been a part of the growth and success of my community and my company. I am grateful to the challenges that present themselves in my personal and professional life everyday that have allowed me to grow and mature as an individual. I am thankful that every day I can make an impact in someone’s life. We should all do our best to ensure that the effects we have are positive and long-lasting. Happy Thanksgiving!”

– Tim Healy
Partner, Sr. VP-Development (Portage)

“I’m ‘Thankful For…’ the many blessing I’ve received during this wonderful journey we refer to as life.  I’m fortunate to have great health and a wonderful family, my husband ‘Dan’ now in our 33rd year of marriage and 2 wonderful sons, Drew and Clay, who I adore (would you expect any other comment from a mom).  I’m thankful to live in the United States and even more fortunate to reside in Tucson where we are able to enjoy the surrounding mountain views with an abundance of sunshine every day. I’m thankful to work for a great company and especially for my co-workers in Tucson, who are respectful and considerate of each other and the ‘Best’ I’ve worked with.

Wishing everyone a wonderful Thanksgiving and Holiday Season!”

– Sue Frizzel
Director of Property Management-Arizona (Nashville)

What are you thankful for this year? Share your thoughts with us in the comments section. We’d love to hear from you!

WoodSpring Suites Darien Grand Opening Celebration


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On October 11, Holladay Properties celebrated the Grand Opening of its second WoodSpring Suites extended stay hotel in Darien, IL. We are currently working towards a groundbreaking of our third hotel in Tinley Park, but until then, enjoy these photos from the Darien Grand Opening!


Our newest WoodSpring Suites hotel is located at 951 N. Frontage Road in Darien, IL.


The four-story, 122-room hotel opened to guests in September.


The project is Holladay’s second of 15 planned WoodSpring Suites hotels.


At the ribbon cutting, Tim Healy said a few works on behalf of Holladay Properties. Tim is a Senior Vice President and Partner at Holladay and is leading the WoodSprings developments.


The Mayor of Darien, Kathleen Weaver, was also in attendance and welcome the new WoodSprings Suites to the Village.




The General  Manager of the hotel, Robert Chapin, has the honor of cutting the ribbon.


Holladay Properties staff were on hand to help celebrate including Duffey Phelps, Amanda Watson, Michael Micka, and John Phair.


The staff of the WoodSprings Suites in Romeoville, which opened earlier this year, also came to celebrate in Darien.


The event was catered by Portillo’s…Yum!


The new hotel has many amenities including free high-speed internet.


There is also a fitness center available to all guests.


And, of utmost importance for extended stays, a spacious laundry room.


All rooms are fully furnished.


Guests can choose between a room with a king-size bed, or two queen-size beds.


A Double-Queen room.


All rooms have fully functioning kitchens with refrigerators, microwaves, and a stove-top.


Desks for personal and business use, and flat screen TVs offer the comforts of home.


The bathrooms are spacious and clean, too!


The lobby is an inviting retreat away from the guest rooms.

For more information about the hotel, visit the website:




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!