Village of Cary Board of Zoning, Planning and Appeals AgendaPacket 2026-06-11
Redevelopment Agreement for Cary Station PUD Approved
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Description
The Village of Cary awarded a redevelopment agreement to JM Developers, LLC in January 2026 for the Cary Station planned unit development (PUD) at 422 Krenz Avenue. The project covers redevelopment of the former Maplewood School site for a mixed-type, 280-unit residential community with associated infrastructure to be installed by the developer and some improvements funded by TIF. The anticipated buildout period is about two years.
Contract Details
Vendor
JM DEVELOPERS LLC
Agency
Cary Fire Protection District, IL
Contract Type
PROFESSIONAL_SERVICES
Document Date
June 11, 2026
Contract Term
January 2026 Redevelopment Agreement; projected 2-year buildout
Renewal Date
2028-01-01
Renewal Info
No renewal terms provided. Project timeline estimated at two years from commencement.
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