Development Corporation is an Illinois Corporation established
in 1981 with its current office location in St. Charles, Illinois.
Ronald D'Aversa is the president and founder.
Development's initial focus was in the sales of a manufactured
residential home produce, Wausau homes. Wausau homes consist
of a modular and panelized construction generally built on
customer-sold scattered lots. Within that product line the
company had expanded to encompass all phases of construction
as a complete turnkey operation for its prospective buyers.
Central Development sold and/or constructed well over 300
manufactured homes in the mid 1980's.
to the manufactured housing, the company had been involved
in the high-end residential home market acting as general
contractor, as well as it s current focus to develop, manage and maintain
commercial and medical properties.
mid 1980's Central Development Corporation expanded its activities
into land development with responsibilities ranging from land
acquisition, city planning, site infrastructure, and construction
management within DuPage, Kane, and Lake Counties.
Hills Estates developed in 1989 was a 33 unit residential
subdivision in the City of West Chicago. A model home was
built to show, and staffed with their own sales personnel.
Within the subdivision, 20 percent of the lots were sold
and built for their own customers ranging in price from
$250,000 to $400,000. The balance of the lots was sold to
multiple builders for their inventory. The project from
inception to completion was 24 months.
Cove Subdivision, developed in 1993 in the Village of Antioch,
Lake County, included 43 residential units on lakefront
residential property. Central Development Corporation was
a two-thirds majority shareholder and general partner responsible
for site development and unit construction. Prices in this
development range from $400,000 to $500,000.
Fields Estates, Schaumburg, Illinois, was developed by Central
Development Corporation in 1997. This project consisted
of 12 residential homes with prices ranging from $600,000
to $950,000. All homes in this project were completed by
Commerical Development & Remodel
Central Development Corporation is a Commercial Developer that builds, manages and maintains Retail, Office and Medical Facilities. It is also involved in Commercial "Remodeling" for Real Estate and Property Management Companies.
Commercial Remodeling to include:
- All phases of Interior Commercial and Retail Remodeling
- All phases of Medical and Restaurant Facilities
- Building Conversion
- Capital Improvement
- Tenant Improvement
- All Mechanical Systems
- Drywall/ Painting
- Interior Commercial Ceilings
- Built Outs
a 28 acre development in the Village of Campton Hills/ St. Charles, Kane County, Illinois,
began construction in 1999. Geographically, the project is
located on the southeast corner of La Fox Rd. and Rt. 64.,
with a St. Charles mailing address. This is a 72,000 sq.ft.
office/retail complex using upscale design guidelines and
permitted uses. The project consists of eighteen buildings
of 4,000 and 8,000 sq.ft. which are being marketed for sale
or lease. We are marketing this project to businesses that
we feel will be servicing the surrounding residential communities.
It is projected within the next five years and within a five-mile
radius, there will be well over 3,000 homes in this general
vicinity. Currently there are over 21,000 vehicles passing
this site daily. We feel that
other support businesses such as dental, medical, real estate
agencies, investment brokers, and professional offices in
general will be a natural for this project. Occupancy at Campton Square is nearly full. There are limited lease and condo spaces available.
Fountains at Town Center. This retail development
is located on the northwest corner of Gary Ave. and Lies Rd.
in Carol Stream, IL. It is directly adjacent to Ross Ferraro
Park, which village officials conceived and developed as their
"Town Center" to give the community a central focus.
The Fountains at Town Center acts as an extension of that
theme and project. Central Development is constructing the
retail portion which acts as the gateway to a Town and Country
Homes project of 145 upscale town homes. This
retail development consists of approximately 31,000 sq.ft. within
three (3) buildings having a retail mixed use to include an
7,000 sq.ft. full service restaurant. Occupancy at The Fountains at Town
Center is nearly full. There are limited lease spaces available.
Winfield Crossing was
built in 2003, leased, and sold to an investor. This is an 8,000 sq.ft.
building located at 26W276 Geneva Rd., (northwest corner of
Geneva Rd. and Delano St.) in Winfield, IL. The architectural
style of this building is expected to establish the new design
standard for the Geneva Rd. retail corridor of Winfield. Six
tenant spaces are housed in this building, which is currently
sold and leased.
RENAISSANCE SQUARE **GROUND BREAKING MID-2016**
Location is southeast corner of Roosevelt Road (38) and Joliet Road in West Chicago, IL 60185.
23 Acres of Independent, Assisted Living, and Memory Care Facility to include 9,000 sq ft. of Medical Offices for Physical and Occupational Therapy.