Developer to start spec home next to Lake Bluff estate

January 14, 2014
A rendering of the planned home.

A rendering of the planned home.

A Hinsdale developer who acquired a historic lakefront estate and seven adjacent home lots in north suburban Lake Bluff is preparing to build a new home there without a buyer in advance. Peter Brennan of Foxford LLC said he has sold two of the Lansdowne Estates lots to individual buyers and will ask nearly $3 million pre-construction for a five-bedroom, approximately 7,000-square-foot home with lake views nearby. A venture led by Mr. Brennan paid $7.5 million in 2011 for the Lansdowne Estate, which includes a 12,000-square-foot Georgian mansion built in 2011. That mansion with private beachfront is also available for nearly $5.5 million.

http://www.chicagobusiness.com/realestate/20140114/CRED0701/140119920/nba-star-dwyane-wade-sells-river-west-town-home

By: David Lee Matthews