Habitat Company has partnered with M/I Homes to develop a 227-unit townhome project on the former Solo Cup manufacturing site in Highland Park. Approved by city officials in February, this 28-acre development is expected to be the largest housing project in the village in decades.
“Ever since Solo Cup vacated the area almost 20 years ago, it has seemed like the best use of this site was to redevelop it as a residential neighborhood.”
Habitat Company and M/I Homes are developing a 227-unit townhome project on a 28-acre site in Highland Park, previously owned by Red Cup Land Company.
This project represents a significant residential development in a supply-constrained market, indicating potential for increased housing demand and price appreciation in the area.
Rising interest rates
HighConsider offering financing incentives or partnering with lenders to provide competitive mortgage rates.
Construction delays
MediumImplement a robust project management plan with contingency strategies to address potential delays.
Market saturation
LowConduct regular market assessments to ensure continued demand and adjust marketing strategies accordingly.
The Real Deal Chicago reports on the partnership between Habitat Company and M/I Homes to develop 227 townhomes on the former Solo Cup site in Highland Park. The project, approved by the city council in February 2026, is the largest housing development in the village in decades. The site has been vacant since 2008, and the land was purchased by Red Cup Land Company for $6.2 million in 2012. Construction is expected to begin in the second half of 2026, with a buildout timeline of 18 to 24 months.
This source provides detailed historical context and financial background on the land acquisition, crucial for understanding the project's economic foundation.
Bisnow.com highlights the joint venture between Habitat Company and M/I Homes to develop The Bowery of Highland Park. The project includes 227 townhomes, 34 of which will be affordable units. The development will feature over 9 acres of open space, a clubhouse, and a dog park. The site has been vacant since 2008, and construction is set to begin in the latter half of 2026.
This source emphasizes the community and lifestyle aspects of the development, which are important for assessing market appeal and potential buyer interest.
REJournals reports on the approval of the 227-unit townhome project by the Highland Park City Council. The project is a joint venture between Habitat Company and M/I Homes, set to transform the former Solo Cup site into a residential community. The development includes 48 buildings with three-bedroom units and two-car garages, alongside community amenities like a clubhouse and open spaces.
This source provides insights into the architectural and design elements of the project, which are critical for evaluating construction costs and market positioning.
The development signals a bullish outlook for residential real estate in Highland Park due to high demand and limited supply.
The Real Deal Chicago, bisnow.com
The Highland Park City Council approved the development on February 9, 2026. Habitat Company and M/I Homes plan to close on the property in spring 2026 and begin construction in the second half of the year. The project is expected to take 18 to 24 months to complete [The Real Deal Chicago, bisnow.com].
End of Intelligence Report · 4 Sources Verified