Grow St. Charles: St. Charles subdivision to cost $104 million

With property acquisition for a planned new St. Charles housing development now complete, developers are moving forward on the project, expected to cost about $104 million. Payne Family Homes is lead developer on the project, announced this spring. It joined with three other area homebuilders to purchase 88 acres in the city of St. Charles, formerly the site of a campus for Emmaus Homes, a nonprofit serving the developmentally disables. The deal on the property closed July 31; officials did not...