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A petition from Chabad Community Center to build a synagogue and preschool on the northeast corner of Buffalo Grove Road and Deerfield Parkway was approved by Buffalo Grove officials this week.

Chabad has sought the new site to accommodate growth in worshippers and preschool enrollment, said Rabbi Shmuel Katz, executive director. Chabad has about 200 members and for several years has rented space for services, including space in Aptakisic Junior High School, Katz said.

At the center’s Prairie View property on Aptakisic Road, Chabad operates with about 150 children, he said.

The project is estimated to cost $3.5 million, which will be financed through contributions. Sixty percent of the funding has been raised, Katz said.

In approving the project at the village’s board meeting this week, trustees amended an annexation agreement made in 1991 with New Life Evangelical Lutheran Church, which had proposed to build a church and parsonage on the site but later abandoned the idea. The church sold the property to Chabad.

Chabad hopes to break ground on the project in September and be in operation by fall 2001.

In other business, trustees approved a settlement with Millbrook Properties, paving the way for a five-story, 141,000-square-foot office building on the southwest corner of Millbrook Drive and Illinois Highway 22.

The building, which will become part of the Millbrook Business Center, will be constructed on 6.4 acres.

Trustees approved several variations for the project, including extending the building’s height past the 50-foot limit of the industrial district. The building is proposed to be 78 feet tall.