Monday, February 18, 2013
The current vacancy rate for retail space in Lake in the Hills is 6 percent while Algonquin's vacancy rate is at 7.5 percent.
Follow Algonquin-Lake in the Hills on Facebook - Sign up for the Free Patch Newsletter Slowly but surely, communities have been able to fill vacant retail space in the area. Crystal Lake added about 50 new businesses and 500 new jobs over the past two years, filling nearly 1 million square feet of empty retail space Michelle Rentzsch, the city’s director of planning and economic development, told the Northwest Herald. The Northwest Herald reports the following vacancy rates for area communities: Algonquin, 7.5 percent; Lake in the Hills, 6 percent; Cary, 9 percent; and McHenry County, 9 percent. When the economy was booming, vacancy rates were between 5 to 7 percent. Crystal Lake offers a variety of incentives to attract new businesses, …
Friday, January 4, 2013
Strategy involves marketing town to businesses and developers.
Gino DeVivo has a goal for 2013 to make Lake in the Hills a destination for opportunity for big and small businesses. “We are looking to continue our efforts on the Economic Development Strategy by building on branding themes,” said DeVivo, LITH’s Economic Development Coordinator. “It is moving in a positive fashion. It’s going to be exciting to watch it unfold.” LITH’s board of trustee approved the Economic Development Strategy in August hoping to spur commercial investment in town. A goal was to create effective branding and marketing materials, he said. LITH has been making progress on that goal and recently added a marketing map _ titled Commercial Investment Opportunities _ to its website that showcases what DeVivo calls “target …
Monday, September 3, 2012
Plote Homes has requested changing lots for duplexes to lots for single-family homes in the Lakes of Boulder Ridge Development.
The village of Lake in the Hills is considering converting lots meant for duplexes in the Lakes of Boulder Ridge development to lots for single-family homes. The developer for the area, Plote Homes, has requested changing 24 duplex lots (for 48 total units) to 37 single-family home lots in the area of the development at the northwest corner of Algonquin and Frank roads, according to a memo from the village of Lake in the Hills to the Committee of a Whole. "Sales have been slow for the duplex units and the developer has received indications from potential residents of the desire for more single-family detached options," according to the memo. The planning and zoning commission OK'd the changes. A public hearing on the annexation agreement…
Saturday, September 1, 2012
The village of Lake in the Hills has identified eight areas for economic development, according to the Northwest Herald.
The village of Lake in the Hills has put together a plan that it hopes will help attract businesses and increase development in the village, according to the Northwest Herald. According to the NW Herald, the plan has identified eight areas where development officials believe the village should focus on economic development in LITH: The Northwest Herald has more on the village's effort to attract development in LITH.