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 Villageās 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.
Ā
Ā
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 parcelās 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.
Ā
See Also:Ā Shanghaiās T20 stacks office and community space atop a plant-filled parking garage
Ā
Tinaglia Architects designed the project. CCH LLC is the developer.
Ā
Related Stories
Mixed-Use | Mar 1, 2017
New hotel and residential tower coming to San Franciscoās Transbay neighborhood
The ground-up development will feature 255 hotel rooms and 69 residential units.
Mixed-Use | Feb 27, 2017
Tallest tower in Miami to begin construction in January 2019
The tower will reach a height of 1,049 feet, the maximum height permitted by the FAA in Miami.
Mixed-Use | Feb 23, 2017
5-tower scheme revealed for Zhengzhou, China
The towers will vary in height and emerge from a shared retail podium.
Mixed-Use | Feb 22, 2017
Hunt Development Group selected to spearhead Cabrini-Green redevelopment
The Chicago Housing Authority selected the firm to develop mixed-income housing and retail space where the infamous housing project once stood.
Mixed-Use | Feb 21, 2017
Coconut Groveās newest mixed-use development springs from a converted parking garage
Terra says the development will be the first newly built office building in central Coconut Grove in over 20 years.
High-rise Construction | Feb 17, 2017
Zaha Hadid Architects-designed building to have the worldās tallest atrium
A 190-meter atrium will rise the full height of the building between two twisting sections.
Mixed-Use | Feb 8, 2017
Santiago Calatravaās first major UK project will be the heart of the Greenwich Peninsula transformation
Peninsula Place will cost Ā£1 billion and act as a gateway to the new, master-planned district.
Mixed-Use | Feb 7, 2017
Traditional Arab architecture and the surrounding mountainous terrain inspire a luxury hotel in Mecca
The Foster + Partners-designed building will address the shortage of accommodation in Mecca.
High-rise Construction | Jan 26, 2017
Paris tower provides office space and three hotel complexes across its three superimposed volumes
Equipped with hanging gardens and a panoramic viewpoint for its top tier, Jardins de lāArche Tower will rise in Parisās La dĆ©fense business district.
Mixed-Use | Jan 26, 2017
New renderings provide glimpse into large mixed-use project, Circa
The $500 million complex will begin pre-leasing in winter, 2017 and open for move-in early in 2018.Ā
