Sunday, July 29, 2007

Looking At Shiloh...Illinois

Shiloh lands $140 million development

Gundaker, J2K latest developers to invest along Green Mount Road
St. Louis Business Journal - July 27, 2007

Gundaker Commercial Group and J2K Development are partnering on a $140 million residential and retail project in booming Shiloh, Ill. Gundaker Commercial is joining several other St. Louis developers that have targeted Green Mount Road in Belleville and Shiloh, including THF Realty and The Jones Co.

J2K Development, based in Waterloo, expects to close in August on the purchase of 172 acres of farmland at Green Mount Road and Shiloh Station West for an undisclosed amount from Carl Tempel Sr. The project, The Villages at Wingate, will have 268 single-family homes and villas, 96 senior-living apartments, 75,000 square feet of retail space and 60,000 square feet of office space. The site is located about four miles south of Interstate 64 in St. Clair County.

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