On a prime stretch just off downtown Naperville, Megha and Keyur Trivedi have quietly turned the back half of their one‑acre estate into a cluster of new luxury homes, while keeping their own mansion front and center. The result is a high‑end infill project a short walk from Main Street, with buyers being courted for homes starting around $3 million.
How They Carved Up A Record‑Setting Lot
According to Crain's Chicago Business, the Trivedis bought the Van Buren Street property at auction in 2023 for about $8 million, then split the land so roughly 0.55 acres stayed with the existing mansion and about 0.47 acres became a separate development site. RealDeal reports the transaction effectively valued the mansion at roughly $5.4 million and the adjacent vacant parcel at about $2 million, with the four new homes going up under an entity called TriFox Propertiez.
Prices, Listings And Sales Activity
Local MLS listings show two interior homes offered at around $3 million, with the corner and end units listed higher. One neighboring unit reportedly went under contract last year for about $3.2 million. The live listing for 107 S Webster carries an asking price of $3,000,000, per Realtor.com, and the Kim & Katie team’s page shows 103 S Webster as under contract near $3.2 million.
Builder, Design And Features
The West End sales materials identify Lakewest Custom Homes as the builder and highlight three‑story layouts with private rooftop decks, elevators and finished basements. The marketing leans into downtown views and advertises starting prices of about $3 million, clearly aiming at buyers who want brand‑new construction a short stroll from restaurants and the riverwalk.
Permits And The Bigger Picture
Reporting indicates the city has already approved the subdivision and that permits are on file for the remaining two houses, clearing the municipal path to finish the row. That mix of preserving a landmark residence while tucking in new luxury housing reflects a broader Naperville pattern, similar to the rowhomes clustered around the Kroehler mansion. Heritage Place documents comparable downtown projects that pair restored homes with new‑build rowhouses on the same block.
What Owners Say And What Comes Next
Megha Trivedi told Crain's Chicago Business the family chose “to invest back into downtown” rather than leave the extra land untouched. Sales agents are pitching the project to buyers who want new construction close to downtown amenities. With one home already under contract and permits in place for the rest, the remaining units are expected to be listed or to close in the coming months.
