“Mercyhealth has owned that property since I think 1998, so we knew it would just be a matter of time before they would build on it,” said realtor Keith Kelly.
With Mercyhealth’s new hospital just months away from opening, there’s been an influx of new residents moving to the area. New condos are going up in a newly developed neighborhood just east of Sportscore II in Loves Park.
“The addition of Mercy building their new plant here, construction in this area has had an increase. I have personally sold a doctor here, an orthopedic surgeon. Obviously this is going to work out great, we’re less than a mile from the hospital,” added Kelly.
But, Kelly says construction companies aren’t just building around the new hospital.
“We’re building in Machesney, Roscoe, Rockton; there’s certainly more options than before with new construction. The last few years we’ve been coming out of the recession and I think with the addition of Mercy, it really has helped,” said Kelly.
And while people moving to the area have been buying up newly constructed properties, their interest in moving to the area has also had an obvious impact on those looking to sell their homes locally.
“People that have a higher priced home may feel they have a better market coming in with the professional transfers with the hospital,” said Steve Bois, CEO of Rockford Area Realtors.
Bois also says Mercy isn’t the only entity that’s helping attract new residents.
“We just had $300 million expansion at Woodward Governor and other types of things. I wouldn’t call it a perfect storm, but it’s a real positive direction this region is going in that we haven’t seen in a long time.”