Property Summary “Lender Owned” Residential Land Apartment/Condominium Pads for 525 units Asset Resolutions Team The Plaza on New York/Lehigh Station Aurora, Illinois Overview The Plaza on New York/Lehigh Station is not the kind of place you’d expect to find in the western suburbs of Chicago. A sophisticated mix of rowhomes, apartment/condominium buildings and retail/commercial areas, all come together in a neighborhood that functions much like those found in large, metropolitan cities. An elegant boulevard runs the length of this unique area, incorporating parks, water features, a fountain, and walking areas. Brick-edged streets graced with park benches and planters add to the upscale ambience. Walk to shops? You can here. Take the train to downtown Chicago? It’s just up the street via the Station Boulevard Trolley. Tour the rest of the web site. Explore the offering and discover the features that make The Plaza on New York/Lehigh Station the place to build. Structured and built to resemble an intimate section of a large urbane neighborhood, The Plaza on New York/Lehigh Station offers the type of lifestyle an increasing number of home owners are looking for -- a largely self-sufficient neighborhood that also dovetails in with the larger surrounding cities of Aurora and Naperville – and everything they have to offer. Development commenced in 2007 on the multi-story, pedestrian/transit oriented design of the rowhome/apartment condominium / commercial plan, which is an updated take on a city urbane style. Exceptional Features and Amenities Superior access and marketing window Plan features rooftop gardens and lifestyle amenities Trolley service from Westfield Shopping Town to Metra Station Immediate access to quality employment, transportation, shopping, educational and recreational opportunities This document/email has been prepared by Colliers International for advertising and general information Offered in bulk or individual parcels. only. Colliers International makes no guarantees, representations or warranties of any kind, Location expressed or implied, regarding the information Located in Aurora, Illinois, on the north side of East New York Street directly across from including, but not limited to, “Westfield Shopping town”, The Property is: warranties of content, accuracy and reliability. Any interested party should undertake their own 2 Miles from the Route 59 Metra Station inquiries as to the accuracy of the information. Colliers 4 miles from the I-88-Route 59 interchange International excludes unequivocally all inferred or 5 miles from downtown Aurora implied terms, conditions and warranties arising out of this document and 11 miles from I-355 excludes all liability for loss and damages arising there 30 miles from O’Hare Airport from. This publication is the copyrighted property of 33 miles from Midway Airport Colliers International and /or its licensor(s). © 2010. 35 miles from downtown Chicago. All rights reserved 1 Property Summary “Lender Owned” Residential Land Apartment/Condominium Pads for 525 units Asset Resolutions Team The Plaza on New York/Lehigh Station Aurora, Illinois Access Access and visibility to the site are two of the most positive features of the Property. The site is within 5 miles from both Aurora and Naperville's downtown areas, and funding is secured for direct roadway access and trolley service to the Route 59 Metra Station. The Property is immediately accessible to the Route 59 corridor with both access and visibility via New York Street and Liberty Street. The Property has excellent access to quality employment, transportation, shopping, educational, hospital and recreational facilities and also features an excellent marketing window on both East New York Street as well as Liberty Street. Convenience The Property’s proximity to major job centers and public transportation is excellent. The Route 59 corridor is well positioned to the region’s major east-west and north-south interstates, and as a result enjoys quick access to these major highways. The Property is located 11 miles from I-355, 20 miles from I-294, and 34 miles from downtown Chicago. The nearest Metra stop is 5 minutes from the Property at the Route 59 Metra Station. The nearest mall (Westfield (Fox Valley) Shoppingtown) is contiguous to the Property, and a concentration of retail along Route 59 provides a multitude of shopping opportunities within a very short distance to the Property. There are several recreational amenities, including small parks and playfields near the site; however larger parks offering additional amenities are located nearer to the downtown areas of Aurora and Naperville. Aurora Aurora is the second largest city in Illinois, with a population of 171,782 (2008 est.) and part of the Chicago metropolitan area. The city refers to itself as "The City of Lights" because it was one of the first cities in the United States to implement an all-electric street lighting system in 1881. This document/email has Aurora officially adopted the nickname in 1908. been prepared by Colliers International for advertising and general information Before white settlers arrived, there was a Native American village in what is today downtown only. Colliers International Aurora, on the banks of the Fox River. In 1834, following the Black Hawk War, the McCarty makes no guarantees, representations or brothers arrived and initially owned land on both sides of the river, but sold their lands on the west warranties of any kind, side. The Lake Brothers opened a mill on the opposite side of the river. The McCartys lived and expressed or implied, operated their mill on the east side. Aurora was originally two villages: one on the East Side of the regarding the information including, but not limited to, Fox River founded by the McCarty brothers and the West Side founded by the Lake brothers. A warranties of content, post office was established in 1837, officially creating Aurora. In 1857, Aurora (then what is now accuracy and reliability. Any interested party should known as the East Side) joined with the West Side and officially incorporated. The Aurora Fire undertake their own Department was established in 1856, and took ownership of its first fire engine that year. The two inquiries as to the accuracy of the information. Colliers sides couldn't agree on which side of the river should house the public buildings, so most public International excludes buildings were built on or around Stolp Island in the middle of the Fox River. (A parking garage unequivocally all inferred or implied terms, conditions stands at the site of the original City Hall and Post Office.) and warranties arising out of this document and excludes all liability for loss As the city grew, many factories and jobs came to Aurora, along with many people. In 1856, the and damages arising there Chicago, Burlington and Quincy Railroad located its railcar construction and repair shops in from. This publication is the copyrighted property of Aurora to become the town's largest employer until the 1960s. Many of the heavy industries were Colliers International and located on the East side which provided employment for many generations of European /or its licensor(s). © 2010. immigrants. Many immigrants flocked to the city, mainly from Great Britain, Ireland, Scandinavia, All rights reserved 2 Property Summary “Lender Owned” Residential Land Apartment/Condominium Pads for 525 units Asset Resolutions Team The Plaza on New York/Lehigh Station Aurora, Illinois Luxembourg, Germany, France, and Italy. The professional and managerial workers more likely came from Yankee stock and settled across the river, making the West side more affluent. Aurora became main economic center of the Fox Valley area. The combination of these three factors—a highly industrialized town, a sizable river that divided it, and the Burlington's shops—accounted for much of the dynamics of Aurora's political, economic, and social history. Both sides of Aurora still maintain a rivalry which is enacted through yearly high school football/basketball games. This is the oldest high school rivalry in the state of Illinois. Beginning in the boom period, the town was inclusive and tolerant, and welcomed a variety of immigrants and openly supported abolitionism prior to the American Civil War. Mexican migrants began arriving after 1910. Socially, the town was progressive in its attitude toward education, religion, welfare, and women. The first free public school district in Illinois was established in 1851 and a high school for girls four years later. By 1887, 20 congregations, including two African American churches, representing nine denominations were established, and a YWCA started in 1893, still in operation today. The city was a manufacturing powerhouse until 1974, when the railroad shops closed. Soon many other factories and industrial areas relocated or went out of business. By 1980, there were few operating industrial areas in the city, and unemployment soared to 16%. Although development of the Far East side at Westfield Fox Valley brought stimulus, it helped lead to the decline of the downtown area on Stolp Island. Crime rates were up and street gangs started to form in the mid-1980s. Many Hispanic immigrants also started coming to the city in the 1980s as well. In the late 1980s, several business and industrial parks were established on the outskirts of the city. In 1993, a casino was built downtown, which helped bring the first redevelopment to the downtown area in nearly twenty years. In the late 1990s, more development began in the rural areas outside of Aurora. Subdivisions sprouted up all around the city, especially in DuPage County, and Aurora's population soared. Today, approximately 70,000 of the city's residents live in these areas of the city. This document/email has Aurora is on the edge of the Illinois Technology and Research Corridor. The city has a long been prepared by Colliers International for advertising tradition of manufacturing as does much of Chicago metropolitan area.