Home News 7, 4-story apartment buildings proposed for stalled International Plaza redevelopment in Arlington Heights

7, 4-story apartment buildings proposed for stalled International Plaza redevelopment in Arlington Heights

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The long-awaited, now revised redevelopment plan for the International Plaza on the Golf Road in Arlington Heights calls for the dismantling of an old shopping mall in the 1980s and the construction of a 302-unit apartment complex and three commercial outlots. increase.

Shomberg-based Urban Street Group has proposed the latest concept for transforming a dilapidated shopping center where redevelopment has been stagnant for decades in the litigation and recession.

The developers have worked behind the scenes with village officials for months, but the latest proposal will receive its first public review at a meeting of the Conceptual Planning Review Committee tonight. The advisory board, a subset of the planning committee, meets in the village hall at 6:30 pm, followed by all committees at 7:30 pm.

Urban Street has proposed the construction of seven four-story apartments totaling 400,000 square feet on approximately 12 acres of land behind the site. The builder will place three commercial spaces totaling 37,000 square feet near 6 acres in front of the golf. According to preliminary plans, these commercial sites will be the last to be developed and may include retail, restaurant, service, or office use.

At the request of the village, the developers included Arlington Heights and the Future Square on the northeast corner of Golf Road. The blueprint shows. There is also a pool and pergola in the center of the apartment.

Six of the seven apartments are rented at market prices. The seventh, in the northwest corner of the site near Arlington Heights Road, plans to rent 44 units at a low price and co-develop it with an affordable home developer, Urban Street said.


        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        

Under the Village Comprehensive Housing Ordinance, 10% of units must be considered affordable. The project fits, as 44 apartments make up 14.5% of the total, village officials said.

UrbanStreet’s preliminary timeline requires the construction of a seventh building only after the first six works have begun. In general, village rules require that market prices and cheaper units be built at the same time, but authorities can approve delays.

“To justify the delay, developers mentioned above to explain the various funding and funding requirements, economies of scale, and / or infrastructure needs applicable to development by market rate. We need to demonstrate the need for delays. Village development planner Sam Hubbard wrote in a report prepared prior to Wednesday’s committee meeting.

The village requires Urban Street to complete a series of investigations and reports before it officially appears before the planning committee. This includes market research explaining the demand for 302 apartments. Arlington Heights also wants a written plan to address the disposal of existing businesses at the Multitenant Plaza and the possibility of relocating them, as well as landscaping, transportation / parking, and preliminary engineering plans.

But Mr Hubbard said so far, village staff have generally supported the project. Residential components comply with height, retreat, and density regulations, and 465 on-site parking spaces are a dozen more than required by the code, as proposed in the village’s comprehensive plan. Multipurpose development is required.

In the summer of 2020, Ryan Companies announced a conceptual plan for a three-story, 188-unit elderly residential community located eight acres behind the shopping center site. However, those plans were put on hold, and within a year, the village board changed future land-use maps that required the development of real estate for a variety of uses, including apartments, restaurants, and clinics. approved.

Urban Street, master developer of Schoumberg’s vast former Motorola real estate, officially calls for a partial rezoning of the Arlington Heights site from commercial to residential and goes before the Design and Housing Commission. is needed. The village board will have the final say on the project.

On the timeline, construction will begin in about a year, with first move-in by October 2024 and commercial land expected to be completed by the end of 2025.

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