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Old February 13th, 2007, 09:44 PM   #241
nomarandlee
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Wow, that Jahn building in Downers looks awesome!!! That would be a showcase building for the burbs.
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Old March 2nd, 2007, 03:10 AM   #242
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http://www.suburbanchicagonews.com/b...EEN_S1.article

Council approves Shodeen agreement

February 28, 2007
BY ANDRE SALLES
Staff Writer

AURORA -- In January 2006, city aldermen approved a development agreement with Geneva developer Kent Shodeen in roughly one week.

No one could accuse them of such blazing speed when it came to the recent revision of that agreement, which received final approval Tuesday.

For months, committee members and city staff have met, discussed, argued, bargained, written memos and counter-memos, questioned, probed and analyzed the new agreement in detail. In turn, the developer's representatives have answered queries and made themselves available to concerned citizens.

The agreement asks the city to up its stake in the project from $6 million to $11 million, and increases the amount Shodeen can reclaim from the TIF district to $26.5 million. In return, the agreement binds Shodeen to building a minimum of 900 condominium units on a 33-acre site on Broadway, and the developer has stated plans to add up to 225,000 square feet of commercial space.
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Old March 7th, 2007, 06:25 AM   #243
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Another image of Clearwater

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Old March 11th, 2007, 11:36 PM   #244
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Suburban downtowns appeal to investment firm

A Lake Forest private-equity real estate investment firm best-known for buying manufactured-housing developments is now betting on retail properties in suburban downtowns.

Green Courte Partners LLC, which was founded in 2002 by Transwestern Investment Co. co-founder and former chairman Randall Rowe, recently acquired 12 buildings in Long Grove totaling 50,449 square feet that make up about half of the commercial space in the historic Lake County village’s downtown.

Green Courte also recently provided mezzanine debt that’s convertible to equity for a new retail-office development in Lake Forest called Fiore Square that’s under construction at 840 S. Waukegan Road.

The 50,076-square-foot building, being designed to match the architectural style of downtown Lake Forest, will be about half retail, with tenants including a Starbucks coffee shop and a dry cleaner, says Robert Duncan, Green Courte managing director and chief financial officer.
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“We think suburban downtowns represent a new frontier,” Mr. Duncan says. “There will be increasing demand from people to live there and be within walking distance of shopping, restaurants and transportation.”

He says Green Courte also likes retail in downtown suburbs because there’s not as much risk for new competition as there is with greenfield suburban developments.

Mr. Duncan wouldn’t disclose the size of the two investments; they are being made from the company’s first investment fund, which closed in 2004. He says the $120-million fund is now about 60% invested, and should be fully spent by the end of this year, targeting manufactured housing, parking garages and suburban downtown retail sites.

The Lake Forest property, Fiore Square, is located at a former nursery and is being developed by Westminster Partners LLC and Swanson Development LLC.

Green Courte acquired the Long Grove buildings, which consist of 24 stores, from John Mangel II, who owns chocolate maker Long Grove Confectionery and who will continue running four retail shops in Long Grove. Marcus & Millichap senior investment associate Howard Wiese brokered the sale.
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Old March 15th, 2007, 10:54 PM   #245
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Quote:
Originally Posted by globill View Post

Green Courte also recently provided mezzanine debt that’s convertible to equity for a new retail-office development in Lake Forest called Fiore Square that’s under construction at 840 S. Waukegan Road.

The 50,076-square-foot building, being designed to match the architectural style of downtown Lake Forest, will be about half retail, with tenants including a Starbucks coffee shop and a dry cleaner, says Robert Duncan, Green Courte managing director and chief financial officer.


The Lake Forest property, Fiore Square, is located at a former nursery and is being developed by Westminster Partners LLC and Swanson Development LLC.

I have seen this building that is being erected
nice solid steel beams going up, built to last, this is across the street from sunset foods, its really too bad that there isnt a stop on the amtrack here, that would make it possible for it to be more pedestrian friendly and possibly be a place for TOD.
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Old March 15th, 2007, 10:57 PM   #246
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dp
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Old March 16th, 2007, 01:57 AM   #247
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Umm.. there is already a Metra station here. What more do you want? Amtrak needs to limit its stops in order to maintain fast Hiawatha service.

People in this area also have the downtown Lake Forest and Fort Sheridan stations to choose from, which are only a short drive away.
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Old March 16th, 2007, 02:31 AM   #248
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Umm.. there is already a Metra station here. What more do you want? Amtrak needs to limit its stops in order to maintain fast Hiawatha service.

People in this area also have the downtown Lake Forest and Fort Sheridan stations to choose from, which are only a short drive away.
Hiawatha however is no use to me, or to alot of people. I would like another stop inbetween glenview and the milwaukee airport.
I never need to get from downtown Milwaukee to downtown Chicago or vice versa at breakneck speed or at all.

Yeah i forgot about the metra there, i never take that one,
I always take the other line that is closer to the lake,
there should be more TOD there then.
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Old March 17th, 2007, 12:19 AM   #249
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Naperville's Mag Mile

http://www.dailyherald.com/search/se....asp?id=291010

Towering Naperville plan revealed

Developer wants to build 188-foot tall hotel, condo towers along city’s northern edge

By Jill Jedlowski

Daily Herald Staff Writer
Posted Thursday, March 15, 2007

Naperville’s tallest buildings could rise up along the city’s northern edge if a proposal for a full-service hotel and two condominium towers moves ahead.

At least a handful of residents, however, aren’t keen on their suburb getting some metropolitan flair.

Developers pitched the Tree House at the Ravines, slated for Warrenville and Barkei roads, at the city’s plan commission meeting Wednesday. Plans call for a 188-foot tall hotel with 205 guest rooms, condo towers of comparable height with a combined 286 units, and 14 townhouses.

The condos would be a creative solution to a housing void that would appeal to both young professionals and empty nesters, said James Letchinger, president of JDL Development, which has partnered with Oakbrook Terrace-based Harp Group on the project.

The four-star hotel was billed as the first of its kind in the area, according to Peter Dumon, president of Harp Group. He made a case for the buildings’ height, saying it’s necessary for two reasons: to minimize the horizontal size and to make the hotel eye-catching to motorists.

“We think this is a responsible way to develop it with the least amount of impact,” Dumon said.

Developers vowed to incorporate most of the site’s many mature trees and ravines into the design.

“We want this to be a timeless place and a lasting legacy,” Dumon said.

Roughly 20 residents spoke out on the issue, with half emphatically backing the proposal as an opportunity to add housing variety and a new, sizeable tax source.

Resident Jerry Schlegel said the project was an ambitious amenity planned for an ideal spot — on the town’s border rather than in the center.

An equal number of people, though, worried the legacy left behind won’t be one of pride for the city.

“It’s a shock to see this,” said Pat Miller, president of the neighboring Indian Hill Woods homeowners group. “It truly looks more like Michigan Avenue than Naperville.”

Concerns included neighborhood safety, late-night overflow from the bar and banquet facility, storm water management and local school crowding.

In order to proceed with plans, developers must get the city’s permission to rezone the 13-acre parcel.

Plan commissioner Bill Jepson called the density “totally out of line” and the height “extremely excessive” compared to city code.

Fellow commissioner Mike Brown said that despite concerns about the height, he’s excited about the possibilities.

An attorney for the development defended the proposal, saying that because it’s a planned-unit development, some creative and innovative liberties are not only allowed, but also encouraged, according to the city’s guidelines.

The matter was continued to the April 11 plan commission meeting.
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Old March 17th, 2007, 04:59 AM   #250
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Wow, proposed skyscrapers in Naperville....never thought that day would come..
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Old March 21st, 2007, 06:52 AM   #251
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some news from Joliet..

The downtown experiment

March 18, 2007
By BOB OKON Staff writer

JOLIET -- The Sapphire club's closing last week was a benchmark moment in another downtown Joliet experiment.

Downtown has Harrah's Casino & Hotel, Joliet JackHammers baseball, and popular restaurants like The Olde Keg, Barolo Ristorante and McBrody's -- stable businesses and institutions with long-term viability.

But the city's effort to liven up the downtown district also has led to a number of ventures that test the market potential. Some succeed, like the JackHammers and McBrody's. Others don't make it.

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Sapphire Club owner Peter Gelis will close the bar on Cass Street in Joliet for about a month, redo the interior and reopen the club as a live entertainment venue.
LIZ WILKINSON ALLEN/STAFF PHOTOGRAPHER

"You've just got to find your niche," said Peter Gelis, owner of Sapphire.

Gelis said he believes in the potential of downtown Joliet and is ready to try again. His plan is to remodel the Sapphire club and open again in May with a new place called Venue, which will feature bands and other live entertainment.

Sapphire, which opened in 2004, may have been the most experimental project attempted in recent years in downtown. Gelis and his partners created a nightclub that they hoped would rival spots in Chicago and show a new side of Joliet. The club had a second level that was to be a members-only section but never attracted enough interest.

Still, Gelis said, "The night club worked. The problem we had was that it only worked one night a week."

Saturday nights were busy. Others -- not so much. Venue will be designed to attract more people throughout the week.

Urban condos

The big push this year in downtown Joliet development is for urban condominiums.

City officials want more residents downtown. That, they say, will lead to more business development.

Most of the condo projects have yet to come. But Mike Petry for nearly two years has been working on the redevelopment of the old Universalist/Unitarian Church, a late 19th Century building, into 17 condominiums priced between $175,000 and $275,000.

The street level of the building is home to Barolo Ristorante and the Athletic Shoe Warehouse. The former Champions restaurant is being remodeled for what Petry says will be a bridal shop.

But Fitwell, a longtime Joliet clothing store and part of Petry's building, is closing.

Petry said he wanted some changes in the business.

"I wanted him to upgrade his store," he said.

Fitwell previously had bars in the front window and still is locked during business hours. Customers ring a bell to be let in.

The bars and locked door didn't fit into Petry's new plans for the building, but he said he was willing to keep Fitwell in the building with some changes. The owners decided to close, he said.

Senior Suites

The biggest project in the works downtown is the $18.7 million redevelopment of the historic YMCA building into apartments for residents 55 and over.

The project is a unique venture for both downtown Joliet and the developer, Senior Lifestyle Corp. The company has built 15 similar Senior Suites buildings in Chicago. Senior Suites of Joliet is its first such project outside of Chicago.
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"in my little opinion it does matter what fairy tales some small time senator says to get elected, how fast he drops his associates that may harm him, and what is really behind it." nygirl

"I told you what I thought about that when I said I do not trust Obama and I probably never will. He hasnn't proven anything to me or you yet but he has flapped his lips plenty. And that I guess, is enough for some of you smarties in here." nygirl
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Old March 21st, 2007, 02:53 PM   #252
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Oak Park advances plan to reopen Marion Street

By Victoria Pierce
Special to the Tribune
Published February 22, 2007

For the first time since 1974, cars may soon be able to drive through the Marion Street Mall in Oak Park.

The new concept plan, which was enthusiastically accepted by the Oak Park Village Board last week, will include a brick street, a fountain, benches, new lighting, extensive landscaping and additional parking.

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The project could be completed by Thanksgiving.

Westgate Street, a block with several English Tudor facade buildings, will be opened to one-way westbound traffic off of Marion.

The plan harks back to the Marion Street of the early 1900s, but with contemporary upgrades, including storm-water reclamation for landscaping and heated sidewalks to eliminate extensive salting and shoveling in the winter.

The project is estimated to cost about $5 million. The board is expecting the final budget figure in early April, when it could give the final go ahead for construction to begin.

"The goal is to create a really special space," said Village President David Pope.

At one time both Lake and Marion Streets were closed off to vehicular traffic to become pedestrian malls, a trend that surfaced in the 1970s as towns tried to compete with the new large shopping malls. The plan was fairly short lived, with Lake Street reopening to traffic in the late 1980s.

But Marion from Lake south to North Boulevard remained a pedestrian mall with trees and benches creating an extended courtyard effect. In recent years, the business climate has suffered, with some new businesses opening but many closing.

Many of the business owners support the project but fear construction could keep customers away.

"It will be helpful to the businesses," said Meme Gaudyn, owner of Meme's Antiques at the corner of Marion and Westgate in the heart of the mall. "If we can just make it through."

While many in the business community and historic preservation crowds are on board with the reopening of Marion Street, some residents are not happy that the area will be reopened to automobiles.

More than 100 people, most of them Oak Park residents, have signed an online petition opposing the project.

Many of the comments on the petition lament the loss of a quiet pedestrian-friendly spot in the midst of downtown Oak Park.

But Scott Freres of the Lakota Group, the urban planning and design firm helping to develop the plans, said many of the elements in the design will help keep Marion pedestrian friendly. A brick street helps slow traffic, he said, and at the central intersection of Westgate and Marion there will be a raised crosswalk that will further encourage motorists to go slow on the street.
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"in my little opinion it does matter what fairy tales some small time senator says to get elected, how fast he drops his associates that may harm him, and what is really behind it." nygirl

"I told you what I thought about that when I said I do not trust Obama and I probably never will. He hasnn't proven anything to me or you yet but he has flapped his lips plenty. And that I guess, is enough for some of you smarties in here." nygirl
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Old March 21st, 2007, 02:58 PM   #253
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Naperville parking deck design OKd

By Rhianna Wisniewski
Special to the Tribune
Published March 2, 2007

A controversial $14.9 million parking deck that would bring 410 new spaces to downtown Naperville is closer to reality.

The Naperville City Council this week approved the design for the deck, a 31-foot building to be built outside the Nichols Library. It will have three levels of above-ground parking along Eagle Street and four levels of parking, including one below-ground, along Jefferson Avenue. Patti Roberts of the Downtown Naperville Alliance said additional parking is necessary to meet the needs of a growing population and an increasingly busy downtown.

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"Where I do hear complaints ... is the frustration of visitors when they come to downtown and they are looking for parking spaces. If they're frustrated, they're going to go somewhere else to do their shopping and that hurts everyone in the downtown," said Roberts.

Of the city's 3,374 public and private parking spaces, 2,410 are public spaces, many of which are full during lunch and dinner hours, city officials say. The new deck will have a total of 540 spaces, replacing the library's current 130 surface-space lot.

Naperville Project Engineer Kim Grabow said the Nichols lot fits the model of keeping parking on the periphery of downtown. But the location doesn't please everyone. There have been at least two organized protests by residents arguing that the deck's proximity to a residential area would intrude on homeowners nearby.

Jason Weese, who lives a few blocks away from the library, is concerned that the deck could be the beginning of downtown pushing farther west into the residential areas. "I'm not against building a new parking garage, but you're bordering up against residential and I don't think that it's an appropriate use for the land," he said.

City officials are still debating how to fund the project.

Construction is expected to begin in January 2008 and be complete by November 2008.
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"in my little opinion it does matter what fairy tales some small time senator says to get elected, how fast he drops his associates that may harm him, and what is really behind it." nygirl

"I told you what I thought about that when I said I do not trust Obama and I probably never will. He hasnn't proven anything to me or you yet but he has flapped his lips plenty. And that I guess, is enough for some of you smarties in here." nygirl
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Old April 5th, 2007, 05:40 PM   #254
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Land Sells; Hotel/Condo Water Park To Come

http://www.globest.com/news/878_878/...1.html?type=pf

Land Sells; Hotel/Condo Water Park To Come
By Gina Kenny
HOFFMAN ESTATES, IL-Waterpark H2Otels Prairie Stone LLC, based in Lakemoor, closed recently on the purchase of 22 acres at the northeast corner of Interstate 90 and Beverly Road in the Prairie Stone Business Park. Waterpark H2Otels bought the property from Sears Holding Corp. for an undisclosed price.
“It was a multimillion-dollar deal,” says Joseph Buralli, a managing member of Waterpark H2Otels. The firm plans to construct a 14-story building with a hotel, condominiums and an indoor and outdoor water park.

Sun Island Hotel Water Park will have between 490 to 506 keys with approximately 395,000 sf of hotel rooms and condominium units in the 525,000-sf building. The rooms are still being configured and there may be some “ultra large suites” for families, he says. The hotel will be managed by Columbus, OH-based FLG Hospitality, formerly known as Focus Lodging Group LLC. FLG Hospitality will also co-develop the project. The hotel brand has not been determined yet. “We are in negotiations with two different flags right now,” he says.

The upper six floors will have approximately 200 condominium units with between 1,500 sf to 1,800 sf and three separate entrances to the hallway. The units will be sold for “approximately $199,000 and up.” Condominium owners will “have the option to enter into a rental program operated by the hotel and, by doing that, they would have a revenue share with the hotel,” Buralli says. Condominium owners will not have a limit on the amount of days per year they can stay at the park but they will not be able to live there as a resident, receive mail there or send their children to school from there, he says. The developer is receiving “non-binding letters of intent” for the condominium units and will begin taking deposits in about 90 days, he says.

The development will have a 70,000-sf indoor water park and a 20,000-sf outdoor water park. Additionally, there will be an indoor play area of about 15,000 sf to 30,000 sf with electronic and arcade games. Together, the indoor/outdoor waterpark complex will feature wave, activity and toddler pools, tube and body slides, a rafting river, mat racers and a master blaster water-propelled coaster. The building will also have at least two restaurants and a 20,000-sf conference center, Buralli tells GlobeSt.com.

Buralli says he has received village approval to have a building as tall as 16 stories but does not plan to have more than 14 stories, unless there is a lot of interest in the condominiums. At 14 stories, the development has enough surface parking but, if the building is 16 stories, a parking structure will be needed.

Construction is expected to begin in the late fall and will take between 14 to 18 months to complete, Buralli says. Leopardo Construction, of Hoffman Estates, is the construction manager and Chicago-based VOA Associates Inc. is the architect.
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Old April 8th, 2007, 05:26 PM   #255
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Downtown Elgin gets a Yoga studio....



New yoga studio postures itself in center of city

April 1, 2007
By Julie Mullen SPECIAL TO THE COURIER NEWS

A healthy body begins with a healthy mind, say owners of the new Fusion Mind/Body Studio, and they promise to deliver both to those who venture on their path of enlightenment.

Located within Simple Balance Holistic Center at 221 E. Chicago St., Elgin, the new yoga studio has not only found its center in town, it also seeks to help others find their spiritual center.

The centuries-old art of yoga is thought to improve inner awareness, teaching practitioners to tune into body and mind through proper breathing and physical postures, said Fusion Mind/Body Studio co-owner Jodi Shimabukuro.

» Click to enlarge image
Juanita Allas-Monaghan (left), a yoga instructor at Fusion Mind/Body Studio in downtown Elgin, leads Linda Schaaf of East Dundee, during a class Tuesday afternoon.
BRIAN LOEB/SPECIAL TO THE COURIER NEWS

"Physically, yoga tones the body completely, improving strength, flexibility and balance," Shimabukuro said. "It is also mentally very calming. With a busy life, the opportunity to focus on yourself is a very peaceful feeling."

Former yoga classmates Shimabukuro and Juanita Monaghan run a six-day per week class schedule. The classes compliment offerings already found at the Simple Balance Holistic Center, courtesy of Dr. Jaena Stanley-Gonzaga.

The Elgin chiropractor and holistic healer provides one-stop shopping to those who are stressed, have poor posture, or any other ailments that they may or may not know they have.

Stanley-Gonzaga's 3,000 square-foot wellness center, which opened in 2003, is geared towards physical and spiritual healing, and health education and balance in all aspects of life. The center offers chiropractic care, acupuncture, electro-meridian imaging, neurostructural and bioenergetic synchronization techniques, nutritional and preventive medicine counseling, massage, and reflexology.

It took three years of planning for the yoga studio and the right owners to run it, as Simple Balance Holistic Center slowly builds out its wellness space.

"This is what Elgin has been waiting for," Stanley-Gonzaga said.

Pilates, too

Shimabukuro, who owns Fusion Mind/Body Studio with Monaghan, said that yoga classes aren't readily found in the area, without joining a huge health club. When Monaghan, who lives in Elgin, told her yoga partner about the studio available at 221 E. Chicago St., the pair jumped on the opportunity.

"We want Fusion to be THE yoga place in Elgin and the northwest suburbs, where yoga enthusiasts and beginners will feel welcomed," Shimabukuro said. "We are happy to be the yoga pioneers in Elgin."
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"in my little opinion it does matter what fairy tales some small time senator says to get elected, how fast he drops his associates that may harm him, and what is really behind it." nygirl

"I told you what I thought about that when I said I do not trust Obama and I probably never will. He hasnn't proven anything to me or you yet but he has flapped his lips plenty. And that I guess, is enough for some of you smarties in here." nygirl
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Old April 8th, 2007, 05:28 PM   #256
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Condos OK with panel

By Sara Faiwell
Daily Herald Staff Writer
Posted Thursday, April 05, 2007


A proposal for a new six-story housing and retail development in downtown Palatine has gotten a nod from the village’s plan commission.

If elected officials sign off on it later this month, construction could start in August for Palatine Place, the newest addition to the downtown scene.

Northfield-based Focus Development is proposing 109 residential units and approximately 11,500 square feet of retail space for the area known as Block 27. It’s bounded by Wilson, Brockway, Wood and Bothwell streets, where the former Mia Cucina restaurant sits.

Plan commissioners voted nearly unanimously Tuesday night to recommend the project to the village council, which has the final say. One commissioner, Ben Applegate, abstained because his law firm represents the developer.

“It’s a great addition to downtown Palatine,” said Chairman Dennis Dwyer. “They have gone to great lengths with the design and architecture to have something that is interesting.”

Six residents spoke about the plan, mostly in support, but some asking questions about the price and whether the retail spots would be filled or if there would be enough parking.

Ann Ryba, a downtown homeowner, said the architecture is attractive and the entire thing is better than the “ugly block” that sits there now.

“I never thought I would be standing here to say this is a fantastic project,” she said. “Let’s let someone who has a proven track record come into our village, fill up some retail and give us a place to eat.”

Other projects done by Focus Development are Lincoln Court in Skokie, Courthouse Square Condominiums in downtown Wheaton and Madison Commons in Forest Park.

The building height would be six stories along Wilson Street and five stories along the other streets, significantly lower compared to the nearby Providence.

If approved by the council, construction would start in August with a target completion date of late 2009.
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"in my little opinion it does matter what fairy tales some small time senator says to get elected, how fast he drops his associates that may harm him, and what is really behind it." nygirl

"I told you what I thought about that when I said I do not trust Obama and I probably never will. He hasnn't proven anything to me or you yet but he has flapped his lips plenty. And that I guess, is enough for some of you smarties in here." nygirl
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Old April 8th, 2007, 05:29 PM   #257
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Palatine might be the real sleeper in the urban suburban development scene. Quietly, it has become one of the leaders in the walkable new urbanist movement. Apparently, it's not finished either.

found an image for Palatine Place





Palatine Place

Coming Soon to the heart of vibrant downtown Palatine, Focus Development's most recent venture will be opening for sales in 2007. Located within walking distance to dozens of restaurants, shops, and the Metra train, Palatine Place exemplifies in-town living at its finest. The 1, 2 and 3 bedroom condominiums, penthouses, and rowhomes, will offer the most luxurious finishes, like stainless steel appliances and granite countertops in homes with flowing floorplans and intelligent design. Every unit will include indoor heated parking and access to the beautifully landscaped green roof. The significant architecture of our community will blend seamlessly with the rest of downtown Palatine, while establishing its address as the place to be. Although this community is not yet available for Sale, register today in order to receive an invitation to our Grand Opening. Those that register will be added to our priority list, and will be the first to receive floor plans and pricing.
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"I told you what I thought about that when I said I do not trust Obama and I probably never will. He hasnn't proven anything to me or you yet but he has flapped his lips plenty. And that I guess, is enough for some of you smarties in here." nygirl
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Old April 12th, 2007, 05:51 AM   #258
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River Street Plaza opens doors
By DAWN LASSITER - [email protected]
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River Street Plaza, a new mixed-use development featuring condominiums and restaurants located along the Fox River in downtown Aurora, recently opened its doors to its first residential occupants.

Located at River and Benton streets, the newly developed project will feature two twin four-story buildings along the riverfront, as well as a 10-story tower utilized as commercial and residential space and a two-story unit exclusively set aside for commercial use.

The two four-story buildings, which are faced with Chicago Common brick and Renaissance Stone, are being completed in Phase One of the project.

“Our primary goal for River Street Plaza’s residential component is to provide luxury condominium living for both empty nesters and young urban couples and professionals, at an affordable price point” said Robert Allan, executive vice poresident of marketing and sales for The Vanstrand Group, the Aurora-based developer. “I think we have achieved that goal.”

Allan said that the two buildings of Phase One would feature a first floor devoted to various restaurants and three floors of condominiums.

The buildings will house 48 residential units and have the potential to include eight restaurants for each building.

“We have begun talking with numerous restaurateurs, including national brands as well as Chicagoland-area brands,” Allan said, adding that the restaurants would range from fine dining to casual and coffeehouses.

Each also would have the opportunity to include café-style outdoor seating facing the river.

“We are nearing the completion of discussions with a couple of our targeted restaurant operators and will be announcing them soon,” he said.

Although the close proximity to the train station and downtown destinations made the appealing to developer, Allan said that the site also was chosen because it was one of the very few undeveloped areas along the Fox River.

“The scarcity of riverfront areas, combined with the great opportunity to establish a development in the downtown area, pushed us to really look twice at this property,” Allan said. “We believe this is the perfect development for this site and the perfect site for this development.”

[img]River Street Plaza opens doors
By DAWN LASSITER - [email protected]
Comments (0)
River Street Plaza, a new mixed-use development featuring condominiums and restaurants located along the Fox River in downtown Aurora, recently opened its doors to its first residential occupants.

Located at River and Benton streets, the newly developed project will feature two twin four-story buildings along the riverfront, as well as a 10-story tower utilized as commercial and residential space and a two-story unit exclusively set aside for commercial use.

The two four-story buildings, which are faced with Chicago Common brick and Renaissance Stone, are being completed in Phase One of the project.

“Our primary goal for River Street Plaza’s residential component is to provide luxury condominium living for both empty nesters and young urban couples and professionals, at an affordable price point” said Robert Allan, executive vice poresident of marketing and sales for The Vanstrand Group, the Aurora-based developer. “I think we have achieved that goal.”

Allan said that the two buildings of Phase One would feature a first floor devoted to various restaurants and three floors of condominiums.

The buildings will house 48 residential units and have the potential to include eight restaurants for each building.

“We have begun talking with numerous restaurateurs, including national brands as well as Chicagoland-area brands,” Allan said, adding that the restaurants would range from fine dining to casual and coffeehouses.

Each also would have the opportunity to include café-style outdoor seating facing the river.

“We are nearing the completion of discussions with a couple of our targeted restaurant operators and will be announcing them soon,” he said.

Although the close proximity to the train station and downtown destinations made the appealing to developer, Allan said that the site also was chosen because it was one of the very few undeveloped areas along the Fox River.

“The scarcity of riverfront areas, combined with the great opportunity to establish a development in the downtown area, pushed us to really look twice at this property,” Allan said. “We believe this is the perfect development for this site and the perfect site for this development.”

__________________
"in my little opinion it does matter what fairy tales some small time senator says to get elected, how fast he drops his associates that may harm him, and what is really behind it." nygirl

"I told you what I thought about that when I said I do not trust Obama and I probably never will. He hasnn't proven anything to me or you yet but he has flapped his lips plenty. And that I guess, is enough for some of you smarties in here." nygirl
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Old April 15th, 2007, 08:09 PM   #259
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The Heritage of Palatine
4 floors - 48 units
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Old April 15th, 2007, 08:17 PM   #260
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Palatine Place
5 floors - 109 units and 11,500 sq. ft. retail
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