SunCal Signs Agreement to Purchase Stonebridge

Stonebridge Lake Bluff, LLC has signed an agreement with SunCal for the purchase of the 47-acre property.

California-based development company SunCal is the largest privately held land developer in the US. According to a SunCal press release, they will be partnering with The Roanoke Group, a real estate investment company, on Stonebridge.

Stonebridge Lake Bluff LLC is seeking to remove the 55-and-over age restriction currently on the property.

Two public hearings will be held by the Village concerning the restriction. The Lake Bluff Zoning Board of Appeals will go first at 7 p.m. March 16, and the Village's Plan Commision will follow at 6:30 p.m. March 17. Both public hearings will be held at . 

Residents are encouraged to attend the hearings or submit a written response to the Village with their comments on the ammendment of the ordinance.

According to Assistant to the Village Administrator Brandon Stanick, the age restriction was originally instated with local schools in mind.

“The main purpose was to reduce the impact on schools that a subdivision like that would bring,” Stanick said.

In a press release, Carey Tischer, vice president of Land Acquisitions for SunCal, commented on the historical value of Stonebridge.

“There are few locations with the historical and cultural significance that this site possesses,” said Tischer. “We recognize that this exceptional property requires thoughtful and sensitive development, and we fully intend to see this through to completion according to the high standards we’re known for.”

Further phone and e-mail attempts to question SunCal about the agreement were not returned.