A $150 million, three-building mixed-use development is set to rise on a vacant parcel of land in Arlington Heights, a Chicago suburb about 30 miles northwest of the city. The Village Board recently approved the project, which will be the Village’s largest new development for Downtown in two decades.
Dubbed Arlington 425, the project includes a four-story, 54-unit residential building; a nine-story, 182-unit apartment building with the bottom two floors set aside for commercial space; and a 13-story, 125-unit apartment building that will include a six-story parking garage. The development will have a total of 361 units and over 44,000 sf of commercial space.
An affordable housing plan was also agreed to that includes 18 affordable units (5% of the 361) for those at or below 60% of the area median income. The affordable units would be spread across two of the three buildings and include studio and one-bedroom floor plans.
The project will increase the parcel’s property taxes from about $40,000 a year to $1.5 to $2 million per year. Construction is not expected to begin until next spring at the earliest.
See Also: Shanghai’s T20 stacks office and community space atop a plant-filled parking garage
Tinaglia Architects designed the project. CCH LLC is the developer.
Related Stories
Mixed-Use | Apr 5, 2018
SOM unveils design for 54-story mixed-use tower in Hangzhou, China
The tower will rise 944 feet.
Mixed-Use | Apr 4, 2018
Shenzhen’s Mawan Mile master plan will include a ‘boulevard in the sky’
HASSELL won a competition to design the new mixed-use district.
Multifamily Housing | Feb 22, 2018
Multifamily building with 25,000 sf of amenities rises on the shore of the Potomac River
The building is part of the National Gateway mixed-use development at Potomac yard.
High-rise Construction | Feb 14, 2018
BIG and Carlo Ratti Associati-designed Singapore skyscraper has open-air ‘oases’ at multiple levels
The new skyscraper will include “the office of the future.”
Mixed-Use | Jan 26, 2018
Eager Park opens as health and wellness centerpiece of future mixed-use master plan
The 6-acre park was designed to showcase East Baltimore’s commitment to wellness and sustainability.
Sports and Recreational Facilities | Jan 25, 2018
Virginia Beach: A surf town with a wave problem no more
A world-class surf park will highlight Virginia Beach’s new live-work-play development.
Mixed-Use | Jan 16, 2018
Mixed-use development under construction in Detroit’s central business district
The development is being built on the former site of the Statler Hotel.
Mixed-Use | Jan 5, 2018
USC Village is the largest development in the history of the University of Southern California
USC Village comprises six buildings and 1.25 million sf.
Mixed-Use | Jan 3, 2018
A Houston luxury apartment complex has its own co-working space
The new community is located in the economic and population center of Houston.
Mixed-Use | Jan 2, 2018
Food incubator will support entrepreneurs on Chicago’s West Side
Designed by Wight & Company, the 67,000-sf food incubator development in Chicago’s East Garfield Park neighborhood will also serve as the new headquarters for the nonprofit Accion Chicago.
