Former Panduit Site Now To House Subdivision Of 240 Homes: Tinley Park

TINLEY PARK, IL — Tinley Park will soon get a subdivision on almost 40 acres of land that used to belong to Panduit Corp.

Village trustees approved plans for the Oak Ridge subdivision at Tuesday's board meeting. The development is supposed to contain more than 240 homes split among single-family and town home building.

The site belong to Tinley Park-based Panduit Corp which was founded in the village. The Ridgeland Avenue area used to house Panduit's headquarters but now is only home to one research center since the company relocated to its current headquarters off of Interstate 80 on Panduit Drive.

Plans approved by the village include a 3-acre park, town homes and one-story homes to attract older buyers.

This isn't the first area the village has adopted from Panduit as the company donated around eight acres to the village to build a stormwater retention pond that the company could then utilize.

The 39-acre parcel of land is part of a tax increment financing district, or TIF, which could fund further roads into the neighborhood if the developer and village choose. The entire development will be completed in two phases with the park completed after the majority of houses are built, according to plans.