Fox Valley Developers redeveloped a former hospital campus in downtown Aurora, IL
- VSKA assisted Fox Valley Developers in planning for the redevelopment of the former Copley Hospital in Aurora, IL, for a campus for seniors and those with intellectual and developmental disabilities.
- Buildings opened in 2023 and received the Regional Excellence for Equity with Impact award, along with the City of Aurora, from the Chicago Metropolitan Agency for Planning.
Prepare a market study for independent living, assisted living, and memory care for the “missing middle” senior population, as well as for those with intellectual and developmental disabilities. Also provide guidance on rents and operating metrics and assist the developer to find a management company for the property.
VSKA analyzed the competition, depth of demand, and market penetration and made recommendations on the most appropriate market positioning, achievable rents, and product mix given the location and the market area’s demographics.
The $129 million adaptive re-use of long-vacant historic buildings in a century-old residential neighborhood, adjacent to Aurora’s riverfront downtown, turned a blighted property into an attractive mixed-use development with housing, medical and school district offices, a park, and walking paths.