City of Highwood AgendaPacket Committee of the Whole 2026-06-02
$9 Million Mixed-Use Project Gets Green Light on Sheridan
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Description
The City of Highwood approved a redevelopment agreement with ZHH LLC and Highwood Development Partners Corporation for a major mixed-use project at 412-430 Sheridan Road. The purchase totals $2,750,000, with TIF reimbursements up to $6,888,570 provided by the city through a bond structure.
Contract Details
Contract Amount
Purchase price $2,750,000; TIF incentive not to exceed $6,888,570
Vendor
ZHH LLC
Agency
City of Highwood, IL
Contract Type
CONSTRUCTION
Document Date
June 2, 2026
Contract Term
As per Redevelopment Agreement; TIF payments extend to end of TIF District
Renewal Date
2043-12-31
Renewal Info
Terms may be amended for project milestones, financing, bond deadlines. Payments and project oversight through 2043 or end of TIF period.
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