Project Updates and Information
Annexation and Development Plan for 41W368 Freeman Road (Project Pumpkin)Venture One Acquisitions approached the Village to annex and develop property commonly known as the Stade Farm, 41W368 Freeman Road. The property is currently located in unincorporated Kane County and is approximately 260 acres. Venture One is proposing to annex the 260 acre property and immediately develop the southern 152 acres with a building of approximately 629,186 square feet for a distribution center. The developer is referring to the project as Project Pumpkin, as the developer has not yet officially identified the end user for Lot 1.
The Village Board held a public hearing on Thursday, March 11, 2021 at 7:00 p.m. in the Village Board Room for the purpose of hearing and considering testimony with respect to a proposed annexation agreement between the Village and Petitioners Venture One Acquisitions, LLC and 92131, LLC (collectively, “Petitioner”) regarding an approximately 261± acre parcel of real estate commonly known as the Stade Farm, 41W368 Freeman Road, which is generally located at the northeast corner of Freeman Road and Automall Drive in unincorporated Kane County (the “Annexation Territory”). Following the hearing, the Village Board considered the petition and took action, approving the annexation and development of the property by unanimous vote.
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ADDITIONAL PROJECT DETAILS