New Lenox, Illinois
Home of Proud Americans
Located in Will County, among the 10 fastest growing areas of the nation, the Village of New Lenox offers businesses and residents a progressive local government, a key location on Interstate 80 and Interstate 355, low Will County taxes, and an unbeatable quality of life.
New Lenox is poised for industrial and commercial growth thanks to its convenient location. Access to U.S. Route 30 and I-80 provides connections with I-57 to the east and I-55 to the west. Rail commuters use the Rock Island District Line and travel time to the Loop in Chicago is less than an hour from either of two New Lenox Metra Stations.
In November 2007, the Illinois State Toll Highway Authority opened Interstate 355 into New Lenox at a cost of $730 million. The I-355 extension provides access to the north and western suburbs and has attracted high quality development.
In Fall 2008, New Lenox voters approved Home Rule Authority in the Village which allows for special economic tools to assist with new development. The Village has approved an Inducement Agreement with the Zaremba Group to build a 1.1 million square foot mixed-use development at the I-355 and U.S. Route 6 Interchange. MGM Development owns 181 acres at the I-355 interchange that is poised for retail development.
Silver Cross Hospital will open in February 2012, a new 300 bed hospital (costing $450 million) located on a 76 acre parcel at the I-355 Interchange. NexCore Group, LP is constructing a 200,000 square foot Medical Service Building that will open in November 2011 on the Silver Cross Hospital Campus.
HSA Commercial Real Estate has leased their entire 60,000 square foot Medical Office Building located on the Silver Cross Hospital Campus; the building opened in Fall 2009.
Provena Saint Joseph Medical Center will open a 45,000 square foot Medical Arts Pavilion in the next year on U.S. Route 30 across from the new Walmart Shopping Center.
In the 1,200-acre Cherry Hill Business Park, Smurfit Stone is among the nine national companies that conduct business operations in the rail-served park. Smurfit produces over 2 billion square feet of corrugated product annually. Along U.S. Route 30, the New Lenox Retail Center opened in Fall 2010 and will contain more than 550,000 square feet of retail with Walmart and Menards as anchors and more than 10 outlets.
Village Station is a transit-oriented development (TOD) which is slated for development on the south end of New Lenox at the intersection of Laraway and South Cedar Roads. This TOD is approved for commercial and residential development on a 236-acre parcel. In September 2006, the second Metra Station opened at Village Station on the Metra Southwest Service Corridor Line, providing several commuter trains daily to Chicago.
New Lenox’s population is growing as well. The 2010 Decennial Census is expected to place our population at about 25,000 residents; our future population is expected to reach 100,000 by 2030. Residents have a median household income of $96,864. For over a decade, the community has experienced strong residential housing growth.
Lincoln-Way West High School opened in 2009. New Lenox Elementary School District #122 and Lincoln-Way Community High School District #210 are gold medal and blue ribbon award winning schools.
New Lenox has one of the lowest tax rates in Will County ($6.7925 per $100 assessed valuation), creating an opportune climate for business expansion and development. New Lenox strives to balance residential, commercial, and retail growth while maintaining a healthy economy and a great quality of life. It is easy to see why New Lenox is a logical place to operate your growing business.
You might like:
- 1,000th Michigan Business Lands Energy Incentives
- AvePoint Expanding In Richmond And Arlington County, Virginia
- Super Bowl 50 To Generate Over $220M For San Francisco Bay Area
- California, Illinois, Texas Lead The Charge Toward A Modernized Power Grid
- Valmiera Glass To Invest $90M In Georgia
- Grid Stars
- Indiana Electrical Grid Management Firm Adding 80+ Jobs
- Olympus Will Build National Service Center in Bartlett, TN
- Sustainable Corrugated Investing $15M In Georgia
- Rapid Growth Leads 2U To New Maryland HQ
- Icy Hot
- Illinois Is Top State For LEED Green Building
- Megabucks Park
- Daimler Trucks To Invest $22.7M In SC Freightliner Facilities
- Business Facilities LiveXchange Announces 2016 Keynote Panel