The Village Board of Cary, IL, convened on January 8, 2025, to discuss a significant new residential development project that promises to enhance local amenities and housing options. The meeting featured a presentation detailing plans for a multi-unit complex that will include a variety of modern features and community spaces.

The proposed development will consist of two-story and four-story buildings, offering a mix of unit sizes and configurations. The two-story buildings will feature eight, ten, and fourteen-unit layouts, each with direct unit entry and private garages. The four-story buildings will include elevator access and a total of 42 units, with an average size of 979 square feet. The developer emphasized the incorporation of high-quality materials, such as fiber cement and masonry, to enhance the aesthetic appeal of the buildings.

Amenities highlighted in the presentation include a swimming pool, dog park, outdoor grills, and community gathering spaces, which aim to foster a vibrant neighborhood atmosphere. The developer noted that the project is designed to attract young couples and professionals, with a focus on affordability and modern living.

Projected rental prices for the units are estimated to be around $2,000 per month, reflecting current market trends. The developer indicated that the project is expected to break ground in 2026, pending financing arrangements.

The meeting concluded with a discussion on the anticipated demographic profile of future tenants, which is expected to skew towards younger individuals and couples, with a smaller percentage of empty nesters. The board expressed interest in the project, recognizing its potential to contribute positively to the community's housing landscape. Further discussions and approvals will be necessary as the project progresses.