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Economic Development


The Village of Clarendon Hills is a well established, affluent west suburban Chicago community located in eastern DuPage County, just west of I-294 and Route 83 and just south of I-88 and Ogden Avenue. Originally planned in the 1870s and later incorporated in 1924, the Village is home to approximately 8,500 people and more than 80 businesses.

Downtown Clarendon Hills
In 2012, the Village was named the second-best place to live in the Chicago area by West Suburban Living, topped only by neighboring Hinsdale. The Village offers a high quality of life for residents, including a low crime rate, quality schools, high average home values and vibrant downtown, which includes a Metra commuter rail station. The community also includes business corridors along Ogden Avenue and 55th Street. 
 
Clarendon Hills continues to renew itself through supporting investment and reinvestment in its neighborhoods and commercial districts. The Village approved a Downtown Master Plan in 2006, an Ogden Avenue ‚ÄčTIF District, and continues public investment in infrastructure and municipal services to ensure that Clarendon Hills continues to thrive long into the future. The Village remains proactive in pursuing development projects and opportunities that will promote it as a destination for new residents, businesses, shoppers and visitors while keeping true to its small town character and appeal.
 
The Village is home to some of the top-rated schools in the state. Walker Elementary, Prospect Elementary and Clarendon Hills Middle School are located in Clarendon Hills. Many students attend Hinsdale Central High School. In the elementary school district, District 181, more than 95 percent consistently exceed state achievement standards in core subjects, compared to 75 to 85 percent of students across the state. In 2005, Newsweek Magazine ranked Hinsdale Central High School as one of the top 200 schools in the nation. Notre Dame, a private Catholic school that teachers pre-kindergarten through eighth grade, is also located in the Village. 
 
Clarendon Hills is home to a number of seasonal community events this year that serve to further highlight our community. Dancin’ in the Street, Daisy Days, Christmas Walk and Annual Tree Lighting Ceremony all take place in downtown Clarendon Hills and attract people from all around the Village. These events also provide additional opportunities for businesses to interact with potential customers. 
 
Demographics
Clarendon Hills and its surrounding market area have one of the strongest demographic profiles in DuPage County.
 
  • The median household income in Clarendon Hills is $111,753. (2010 Census figures)
  • Approximately 68 percent of the population age 25 years and older has at least a bachelor’s degree.
  • In a five-mile radius, 14.4 percent of the population age 25 and over hold a master’s Degree, while 4.8 percent hold a professional degree. (Nielsen SiteReport)
  • Average household income within a five-mile radius is estimated to be $102,697 with a total population of 243,810. ( Nielsen SiteReport)
  • More than 81 percent of Clarendon Hills residents own their home. (2010 Census figures)
  • Median home value is $576,900. (2010 Census figures)
  • There are more than 3,300 housing units in Clarendon Hills.
  • In a five-mile radius, 78.6 percent of homes are estimated to be owner-occupied. (Nielsen SiteReports)
 
Recent statistics show that Clarendon Hills is showing signs of rebounding from the recession faster than other communities. Clarendon Hills was one of only five Chicago suburbs to notch a double-digit home price increase in 2011. Furthermore, homes in Clarendon Hills sold about 20 percent faster in 2011 than in 2010.
 
Consumer Expenditures and Sales Potential
While shoppers throughout the Chicago area come to Clarendon Hills, the retail market is generally defined as the Villages of Clarendon Hills, Hinsdale and Westmont, however Burr Ridge, Oakbrook and Willowbrook all fall within a three-mile radius from downtown Clarendon Hills. The demand from consumers located within one mile of downtown Clarendon Hills was $256 million, representing an opportunity gap of nearly $182 million. When expanded to a three-mile radius, consumer demand topped $1.8 billion according to Nielsen. 
 
The development environment in Clarendon Hills is appropriate for a variety of types of development. The three distinct commercial areas provide a range of opportunities and best fit for a variety of businesses.
 
Ogden Avenue has the highest visibility in the Village and is well suited for larger-scale commercial and retail tenants. Ogden Avenue has an average daily traffic count of 29,900 vehicles. The Ogden Avenue TIF District is home to the recently opened Infiniti car dealership. There are also several restaurants and small retail shops along Ogden.
 
The second-busiest arterial road in the Village is 55th Street with a daily traffic count of 15,500 vehicles. It is the home of Jewel-Osco food store, PNC Bank, formerly the headquarters of Mid-America Bank. There are also several professional office developments along 55th Street. Both 55th Street and Ogden Avenue have direct access to and from Route 83, which has traffic counts of more than 55,000 daily.
 
Downtown Clarendon Hills has a strong pedestrian-oriented environment that caters to both small chain stores and independent retailers. Starbucks Coffee, Fifth-Third Bank, and Do It Best Hardware are existing downtown tenants that have a national presence. Clarendon Hills is also home to a number of well-regarded, independently owned restaurants, making it a destination for an evening out. Downtown Clarendon Hills also features a number of boutique specialty and gift shops.
 
Downtown Clarendon Hills is also home of the Clarendon Hills Metra Station. The station is located along the BNSF Rail line, with the highest average daily ridership of any Metra commuter lines. In Clarendon Hills alone, more than 900 people board the station daily, with many of them driving, walking or biking through the downtown to reach their ultimate destination.
 
Forward thinking
The Village believes in working with potential developers and business owners in a collaborative way to support businesses that would benefit the community. Developers, builders and business owners interested in becoming part of the Clarendon Hills community are encouraged to contact the Village early in their planning process to become aware of regulations that may impact their plans. The Village can also provide guidance on working with other agencies and governments that you may need to contact as part of your plan. 
 
Businesses are also encouraged to read the Village's Guide to Opening a Business. Learn more about economic development sites available in the Village by learning more about the Ogden Avenue TIF, Downtown Plan and Train Station Area Redevelopment Plan.
 

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