Hawthorne Development currently is seeking permanent financing in order to begin construction of the building.Ĭaseys opened on June 22, 2023, on North Avenue across the street from Target. The redevelopment agreement for the Eco Terra project was amended Januto extend the deadlines for the issuance of all required building permits and the conveyance of the new parking lot to the Village.ĭemolition of the commercial buildings and two duplexes, and relocation of the utilities occurred over the spring and summer 2022. Hawthorne Development closed on all the properties within the development area September 30, 2021. Read more about this agreement in the Daily Herald article here. The Village Board approved the redevelopment agreement and the issuance of TIF revenue bonds on August 23, 2021. The Village Board approved zoning changes to accommodate the project June 14, 2021. fitness room, an outdoor fire place and seating area, WeWork space, a dog wash station, and a virtual golf simulator. The project amenities will include, among others, a 36,000 s.f. of commercial retail space, and 440 parking spaces. The project will consist of 348 market rate apartments consisting of 10 studio units, 273 one bedroom units, 65 two bedroom units, 8,878 sq.ft. Hawthorne Development has proposed a $120 million mixed-use market rate residential project at the southeast corner of Ardmore and Vermont immediately adjacent to Villa Park’s Metra station. The developers are preparing for a spring 2024 construction start. The Village has approved three extensions to the Letter of Intent due to supply chain issues and the sharp increase in the cost of construction materials. The Planning & Zoning Commission recommended approval of the project at its meeting. The developers proposed a $50 million, mixed-use project consisting of 220 market rate apartments, 8,000 sf of commercial space and a two-story parking deck that would include 425 parking spaces (including 100 public parking spaces). The Village approved a Letter of Intent December 6, 2021, with Catalyst Partners and Marquette Companies to develop the Village owned property at 100 – 110 S.
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