R-22-18VILLAGE OF DEERFIELD
RESOLUTION NO. 2022- R-99-18
A RESOLUTION EXTENDING THE APPROVAL FOR A DEVELOPMENT
SCHEDULE FOR 8 PARKWAY NORTH IN THE PARKWAY
NORTH CENTER PLANNED UNIT DEVELOPMENT
WHEREAS, on February 4, 1985, the Village entered into an Annexation Agreement
("Agreement's with the prior owners 8 Parkway North ("Property's for the Property to be
annexed into the Village; and
WHEREAS, Property was annexed into the Village pursuant to the Original
Agreement; and
WHEREAS, on April 18, 2016, the Village adopted Ordinance No. 0-16-10, granting
for the Property approval of a: (i) planned unit development; and (ii) a Final Development
Plan (collectively, "Final Approvals'; and
WHEREAS, Section 12.09-H of "The Deerfield Zoning Ordinance 1978," as amended
("Zoning Ordinance's provides that if no substantial construction has begun or no use has
been established in a planned unit development within the time stated in the Final
Approvals, the Special Use for the planned unit development shall become null and void
unless the Village Board extends the time period for beginning construction, which may be
extended by a period of not to exceed one year; and
WHEREAS, on April 16, 2018, pursuant to Resolution R-18-27, and on May 4, 2020,
pursuant to Resolution R-20-14, the Village Board extended its approval of the Final
Approvals until May 15, 2022 unless the Village Board further extends the approval; and
WHEREAS, the current owner of the Property, Quadrangle Parkway Holdings LLC,
("Quadrangle'), has requested a further extension of the approval of the Final Approvals
("Extension'); and
WHEREAS, the Village Board has determined that it will serve and be in the best
interest of the Village and its residents to grant the Extension;
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE OF DEERFIELD,
LAKE AND COOK COUNTIES, ILLINOIS, as follows:
SECTION ONE: RECITALS. The foregoing recitals are incorporated into, and
made a part of, this Resolution as findings of the Village Board.
SECTION TWO: APPROVAL OF SECOND EXTENSION TO
DEVELOPMENT TIMELINE. Pursuant to Section 12.09-H of the Zoning Ordinance, the
Village Board hereby extends the deadline to begin construction on the Property in
accordance with the Final Approvals to May 15, 2023 (`Deadline'). If construction on the
Property in accordance with the Final Approvals does not commence by the Deadline, the
Special Use for the Property shall become null and void.
{00125501.11
SECTION THREE: EFFECTIVE DATE. This Resolution will be in full force and
effect upon its passage and approval by a majority of the members of the Village Board.
AYES: Benton, Berg, Jacoby, Oppenheim, Seiden
NAYS: None
ABSTAIN: None
ABSENT: Metts-Childers
PASSED: March 21, 2022
APPROVED: March 21, 2022
RESOLUTION NO. R-22-18
Daniel Shapiro, Village Mayor
ATTEST:'
Kent S. S . eet, Village lerk
(00125501.11
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■& QUADRANGLE
February 22, 2022
Members of the Deerfield Village Board
Village of Deerfield
850 Waukegan Road
Deerfield, Illinois 60015
Re: Final Development Plan / Extension Request
Eight Parkway North / Parkway North Center PUD
Dear Mayor Shapiro and Village Trustees:
The purpose of this letter is to formally, request a two-year extension of the Village Board's approval
of the Final Development Plan for Eight Parkway North. We are requesting this extension because the
Chicago suburban office market remains historically slow, particularly over the last two years due to
the pandemic restrictions and low office utilization.
Pursuant to Section 7 "Duration of Approved Plans Approval" of the 5 h Amendment To Annexation
Agreement dated August 18'', 1997, to the Annexation Agreement dated February 4, 1985, approval
of the Eight Parkway North Final Development Plan is for two (2) years and is "subject to further
extension in the reasonable discretion of the Board of Trustees." If this requested extension is
approved, it will end on May 16, 2024.
Initial approval was granted in 2016 to Quadrangle Parkway Holdings LLC by the Village Board
pursuant to Ordinance No. 0-16-10, entitled "An Ordinance Approving A Final Development Plan For
8 Parkway North In The Parkway North Center Planned Unit Development." This initial approval was
until May 16, 2018 and was extended by the Board until May 16, 2020 pursuant to Resolution R-18-
27. Subsequently, the approval was extended a second time until May 16, 2022 pursuant to Resolution
R-20-14.
The Park North Owner Association's Architectural Review Committee initially reviewed and approved
the design plans in 2015 for five (5) years expiring December 28, 2020. Subsequently, on July 15,
2020, the Committee extended their approval for five (5) years through December 28, 2025.
1650 Lake Cook Road Deerfield, Illinois 60015 (847) 940-7333 www.quadrangle.us
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M ■ Members of the Deerfield Village Board
February 22, 2022
Page two
Project:
Eight Parkway North comprises both the Eight Parkway and Five Parkway sites. The sites are the last
two development sites in the Parkway North Office Center. Per the approved Final Development Plan,
the building will be setback from the east side of Saunders Road, overlooking the primary Park
detention pond. The building will be approximately 200,000 SF in five (5) stories plus a lower level
for parking and ancillary uses. The design incorporates modern office attributes, such as a 12' ceiling
height on the first floor and 10' on all upper floors, increased interior light via 10' high floor to ceiling
continuous window line, modern building HVAC systems, and parking allowing for up to
approximately six (6) parking spaces per 1,000 RSF. The design of the building will conform to a
LEED Silver certification standard.
Project Status:
Since Quadrangle acquired the sites in October of 2015, we have worked to address as many
development tasks as possible and provide a Class A development. In addition to the Village Board's
approval of the Final Development Plan, completed tasks include...
• Establishing our development team which has considerable experience working together, in the
Village of Deerfield, and in Parkway North.
• Shell architectural plans are to the point of construction drawings, and civil engineering plans are
85% complete.
• All necessary agreements for access, utilities and shared improvements have been fully executed
with the adjoining property owners.
• Available and sufficient storm water, utility and green area capacities have been calculated and
confirmed.
• The Fire Protection District has reviewed and approved the site plan.
• The LCDOT has approved a new full access driveway onto Saunders Road.
• The project is being marketed by Cushman & Wakefield brokerage. In coordination with C&W,
the following marketing pieces have been created and distributed to all of the active real estate
brokers in the market.
- Project presentation boards.
- Electronic brochure
- Project marketing video
- Email notifications
Each piece is regularly updated and reissued to the brokerage community and, thereby, their clients.
Members of the Deerfield Village Board
February 22, 2022
Page three
Conclusion:
We believe that the attributes and location of this site make it unique and one the best office sites in
suburban Chicago. The project is designed for a Class A tenant and is being marketed to build -to -suit
tenants that value a modern work environment which incorporates employee amenities and promotes
employee mental and physical health, efficiency, productivity, and hiring. These attributes have
become even more critical as employers work to attract employees back to the office. Consequently,
for many employers, project economics have become secondary. In a market where the great majority
of existing office inventory is at least twenty years old and functionally out of date, a build to suit may
be the only solution to address a tenant's needs.
Approval of the Final Plans is critical to the project, its marketing, and our efforts to bring a new
corporate resident to Deerfield. We respectfully request that the Village Board grant this two-year
extension through May 16, 2024.
Sincerely,
---/ 2r"
Timothy E. Sweene,
Manager, Quadrangle Parkway Holdings LLC
President, Quadrangle Development Company