INLAND REAL ESTATE DEVELOPMENT COMPLETES $14 MILLION SENIOR COMMUNITY

LAGRANGE, ILL. — Inland Real Estate Development has completed LaGrange Pointe, a mixed-use development for active and independent seniors located at 51 East Cossitt Ave. in LaGrange. Inland served as developer and development advisor to the community’s owner IRED LaGrange LLC. The $14 million community consists of 30 one- and two-bedroom units. Additional plans for the site call for street-level shops and a public restaurant. Amenities at the property include meal service, grocery delivery, housekeeping services, a theater, a library and common rooms for social events. Inland is developing three additional Illinois Pointe projects, including Elmhurst Pointe, which is scheduled to open in early 2009, as well as The Pointe at Clarendon Hills and The Pointe at Lombard, which are both scheduled to begin construction next year.