New Lenox Finalizes Commercial Land Sales Adjacent to Crossroads Sports Complex, Sparking Major Regional Development

New Lenox Village Board of Trustees Meeting | February 23, 2026

Article Summary: The New Lenox Village Board formally approved amended purchase agreements and plat ordinances to finalize the sale of more than 15 acres of commercial land adjacent to the Crossroads Sports Complex. Village officials predict the new hospitality and retail developments will serve as an economic catalyst, accelerating the addition of over 1,000 new residential rooftops to the surrounding area.

New Lenox Commercial Development Key Points:

• Hotel Expansion: Srinivasa Hospitality, LLC is purchasing 3.219 acres (Lot 8) for a hotel, requiring an additional 30 feet for expanded parking.

• Major Land Transfer: Pulse Properties, LLC will acquire 12.199 acres covering Lots 1-7 and the remainder of Lot 8.

• Legislative Action: The Board passed Resolution #26-17, Resolution #26-18, and Ordinance #3240B to facilitate the sales and update the final subdivision plat.

• Economic Impact: Mayor Tim Baldermann announced that all 15-plus commercial acres at the complex are now under contract.

The New Lenox Village Board on Monday, February 23, 2026, unanimously approved a series of real estate and zoning measures that clear the way for commercial construction at the entryway to the new Crossroads Sports Complex.

The legislative package effectively divides and sells the available commercial frontage. First, the Board approved Resolution #26-17, a third amendment to the purchase agreement with Srinivasa Hospitality, LLC. The developer is purchasing approximately 3.219 acres (Lot 8) to construct a hotel. Mayor Tim Baldermann noted that during the design phase, the developers realized they needed slightly more space to accommodate parking requirements, prompting a 30-foot adjustment to the lot lines. Staff and legal counsel worked to amend the contract, with a closing date anticipated for February 26, 2026.

Concurrently, the Board passed Resolution #26-18, authorizing a first amendment to a purchase agreement with Pulse Properties, LLC. Pulse Properties is purchasing the balance of the acreage, totaling 12.199 acres consisting of Lots 1 through 7 and the remainder of Lot 8. Baldermann noted the buyers are looking to shorten their due diligence period to expedite the closing.

To formalize the shifting lot boundaries, the Board waived the second reading and passed Ordinance #3240B, which partially repeals prior Ordinances 1894, 1965, and 2617 to allow the final plat of the Crossroads Sports Complex First Re-Subdivision to be redrawn.

Mayor Baldermann praised the rapid success of the Crossroads development, noting that having all 15-plus commercial acres under contract before the complex has even seen a full season of play is highly unusual.

“I know we all saw the vision for this and really knew that it would be successful, but I don’t think we could have ever imagined that it was going to be as successful as quickly as it has been,” Baldermann said.

The Mayor emphasized that the Village’s initial investment in the complex has shifted local development away from warehouse proposals toward dynamic residential and commercial growth. He estimated that ongoing projects, combined with new land development discussions north of Route 6, will bring well over 1,000 new rooftops to the area.

“This is the growth we wanted,” Baldermann said. “This is the growth for the last decade that all we had proposals for were warehouses, and because we held strong and we made that initial investment, this truly is a game-changer for New Lenox for many, many years to come.”

The measures passed in a series of unanimous 7-0 votes, with motions and seconds led by Trustees Lindsay Scalise, Keith Madsen, Bryan Reiser, and Amy Gugliuzza.