Property Summary

“Lender Owned” Residential Land

Apartment/Condominium Pads for 525 units

Asset Resolutions Team The Plaza on New York/Lehigh Station

Aurora,

Overview The Plaza on New York/Lehigh Station is not the kind of place you’d expect to find in the western suburbs of . 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 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 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

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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/ 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. Prominent manufacturers, and general information past and present, included: Lyon Workspace Products, The Aurora Silverplate Manufacturing only. Colliers International makes no guarantees, Company, Barber Greene Ltd., the Chicago Corset Company, the Aurora Brewing Company, representations or Stephens-Adamson Company, Caterpillar Inc., Allsteel Metals, National Metalwares, and Western warranties of any kind, Wheeled Scraper Works (later Austin-Western Inc.). The most prominent employer and industry expressed or implied, regarding the information was the Chicago Burlington and Quincy Railroad (later Burlington Northern) which was including, but not limited to, headquartered in Aurora. The CB&Q Roundhouse is still standing, and is now the popular warranties of content, accuracy and reliability. restaurant Walter Payton's Roundhouse. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2010. All rights reserved 3 Property Summary

“Lender Owned” Residential Land

Apartment/Condominium Pads for 525 units

Asset Resolutions Team The Plaza on New York/Lehigh Station

Aurora, Illinois

Downtown Aurora

The Paramount Theatre under renovation, downtown Aurora.

This document/email has been prepared by Colliers Downtown Aurora is home to the Paramount Theatre, a large live performance theater on the International for advertising National Register of Historic Places, and the Hollywood Casino. There is also the , and general information only. Colliers International a former hotel which was the tallest building in Illinois outside the Chicago city limits and is on the makes no guarantees, National Register of Historic Places. The largest collection of George Grant Elmslie (Prairie representations or warranties of any kind, architect - studied under Louis Sullivan) commercial buildings is located here. Also located expressed or implied, downtown is the main building of Aurora Public Library and a branch campus of Waubonsee regarding the information including, but not limited to, Community College. Downtown Alive, a festival that includes live music and a variety of food warranties of content, booths, is held on three weekends (Friday and Saturday night) in the summer; Blues on the Fox accuracy and reliability. Any interested party should (featuring national blues artists) is held on the Friday and Saturday of Father's Day weekend. undertake their own Roughly 8,000–13,000 people attend. The quarterly AuroraArtWalk is hosted by the Cultural inquiries as to the accuracy Creatives—a grassroots team of local artist, property owners, patrons and the City of Aurora. The of the information. Colliers International excludes Riverfront Playhouse is a not-for-profit theater that has held a storefront location in downtown unequivocally all inferred or Aurora since 1978 implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2010. All rights reserved 4 Property Summary

“Lender Owned” Residential Land

Apartment/Condominium Pads for 525 units

Asset Resolutions Team The Plaza on New York/Lehigh Station

Aurora, Illinois

Transportation

The city is the final stop of the Burlington Northern Santa Fe line of the Metra commuter rail system, allowing rail service into Chicago. The city also has a stop at the Rt. 59 station on the BNSF Line. This station is located on the border with Naperville and each city maintains a parking lot on their respective sides of the tracks. PACE operates local bus service within Aurora six days a week (no service on Sundays) and serves other cities such as Naperville, Geneva, Batavia, Oswego, and St. Charles. Along with Metra trains and PACE buses, Greyhound buses also stop at the Aurora Transportation Center. Aurora does not currently have a stop for Amtrak trains, as the old station where they did stop closed in the 1980s. Aurora City Lines, the old city bus lines, was closed in the late 1980s, in favor of regional bus service. Aurora also used to have an extensive streetcar system, operated by the Aurora, Elgin and Fox River Electric Company, that served most neighborhoods. Additionally, Aurora was served by a number of interurban lines. The most prominent of these was the Chicago Aurora and Elgin Railroad which provided service into Chicago. The STAR Line will have a third station at Ferry Rd. north of the BNSF Line. The is a general aviation airport located in Sugar Grove, IL just outside of Aurora, Illinois. Although the airport is located within Sugar Grove, it is owned and operated by the City of Aurora. The Aurora Airport is designed as a reliever airport for Chicago's O'Hare and

This document/email has Midway , and also handles a lot of international cargo. It is capable of landing 757 been prepared by Colliers aircraft. International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, Healthcare expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and Rush-Copley Medical Center /or its licensor(s). © 2010. All rights reserved 5 Property Summary

“Lender Owned” Residential Land

Apartment/Condominium Pads for 525 units

Asset Resolutions Team The Plaza on New York/Lehigh Station

Aurora, Illinois

Aurora currently has two hospitals, one on the west side, Provena Mercy Medical Center, and one in Fox Valley, Rush-Copley Medical Center. There are other area hospitals, including Edward Hospital in Naperville, Delnor Hospital in Geneva, Central DuPage in Winfield and a Level 1 Trauma center at Good Samaritan in Downers Grove. Aurora at one point had three hospitals, St. Joseph Hospital, on the west side, St. Charles hospital, in uptown, and Copley Memorial Hospital, on the east side. St Joseph and St, Charles hospitals have been converted into living centers, and the old Copley hospital, which was one of the largest hospitals in the area, sits vacant. The city of Aurora recently demolished the old smokestacks from the hospital, as they were starting to crumble and fall down. Dreyer Medical Clinic and several other independent clinics and medical groups are spread throughout the city. The area surrounding Provena Mercy has evolved into a diverse healthcare district with services and offices.

Education The Property is located within Indian Prairie School Central Unified District #204, which ranks in the upper percentile, in the state of Illinois, as well as DuPage County.

The city is the location of the Illinois Mathematics and Science Academy (IMSA) and . According to the census of Aurora's population over the age of twenty-five, 26% hold a bachelor's degree.

The Illinois Mathematics and Science Academy (IMSA) is a state-funded residential magnet school for grades 10 to 12. While IMSA operates under public funds (and uses the site originally designated North Campus), it is managed independently of the other public schools in the city of Aurora. Any Illinois student who meets admission requirements may apply to attend IMSA, tuition free.

This document/email has Aurora is also home to a few other private schools. Within Aurora, there are three Roman been prepared by Colliers Catholic High Schools, Aurora Central Catholic (Diocese of Rockford), Rosary, and Marmion International for advertising Academy (Order of St. Benedict), and 7 Catholic elementary schools operated by the Diocese of and general information only. Colliers International Rockford. Along with these three schools is Aurora Christian High School and Elementary School. makes no guarantees, Aurora is also home to Fox Valley Montessori School, one of the first Montessori schools representations or warranties of any kind, established in Illinois in 1969, which offers a preschool and elementary program. expressed or implied, regarding the information including, but not limited to, The above-named districts have forty-six public schools within the city limits of Aurora (seventeen warranties of content, for District #131, thirteen for District #129, eleven for District #204, four for Oswego District #308 accuracy and reliability. and the Illinois Mathematics and Science Academy). Aurora is also home to twenty-two private Any interested party should undertake their own schools including Rasmussen College, two branches of Waubonsee Community College, and the inquiries as to the accuracy main campus of Aurora University. of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2010. All rights reserved 6