CONSTRUCTIONAPPROVED

City of Highwood Awards Construction Contract to Highwood Development Partners Corporation (June 2026)

The City of Highwood approved a redevelopment agreement with Highwood Development Partners Corporation for the purchase and redevelopment of 412-430 Sheridan Road. The agreement provides for a purchase price of $2,750,000 and TIF reimbursements up to $6,888,570 through bond proceeds, supporting a 93-unit mixed-use project.

Status
APPROVED
Document date
June 2, 2026
Contract type
CONSTRUCTION
Vendor
Highwood Development Partners Corporation
Agency
City of Highwood · IL

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Purchase price $2,750,000; TIF incentive not to exceed $6,888,570
Contract type
CONSTRUCTION
Contract term
As per Redevelopment Agreement; TIF payments extend to end of TIF District
Renewal date
2043-12-31
Renewal
May be amended for schedule changes, bond/financing deadlines, or deferred payment changes; final amount and payouts tied to project milestones.
Document type
AgendaPacket
Source document
City of Highwood AgendaPacket Committee of the Whole 2026-06-02

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by City of Highwood?

Highwood Development Partners Corporation was awarded this construction contract by City of Highwood, as recorded on June 2, 2026. The contract value is Purchase price $2,750,000; TIF incentive not to exceed $6,888,570.

How much is the Highwood Development Partners Corporation contract with City of Highwood worth?

The Highwood Development Partners Corporation contract with City of Highwood is valued at Purchase price $2,750,000; TIF incentive not to exceed $6,888,570, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Highwood AgendaPacket Committee of the Whole 2026-06-02 (AgendaPacket), dated June 2, 2026 from City of Highwood. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Highwood Development Partners Corporation hold?

Highwood Development Partners Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Highwood Development Partners Corporation's profile

What is City of Highwood currently buying?

Explore City of Highwood's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Highwood's profile

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