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
High-rise Construction | Sep 12, 2016
Bangkok’s tallest tower is also one of its most unique
At 1,030 feet tall, MahaNakhon Tower’s height is only outdone by its arresting design.
Mixed-Use | Sep 9, 2016
Rolled book scroll-inspired mixed-use project from Aedas planned for Chongqing, China
With a bookstore at the heart of the development, the project looks to exemplify an ancient Chinese proverb that says “knowledge brings wealth.”
Mixed-Use | Sep 8, 2016
Former sports stadium to become landscaped gardens, housing, and shops
According to the architects, Maison Edouard François, the project will act as a new green lung for the densely populated neighborhood.
Mixed-Use | Aug 16, 2016
Goettsch Partners completes mixed-use tower in R&F Yingkai Square
The 66-story building is now the 7th tallest completed building in Guangzhou.
High-rise Construction | Jul 26, 2016
Perkins+Will unveils plans for what will be Atlanta’s second-tallest tower
The 74-story 98 Fourteenth Street will be a mixed-use building with retail space and luxury residential units.
Mixed-Use | Jul 18, 2016
Studio Libeskind designs jagged mixed-use tower for Lithuania’s capital
The glass facade, and spaces for restaurants, a luxury hotel, and offices will lure visitors and tenants.
Retail Centers | May 10, 2016
5 factors guiding restaurant design
Restaurants are more than just places to eat. They are comprising town centers and playing into the future of brick-and-mortar retail.
Mixed-Use | May 1, 2016
A man-made lagoon with a Bellagio-like fountain will be the highlight of a mixed-use project outside Dallas
Construction will soon begin on housing, retail, and office spaces.
Mixed-Use | Apr 24, 2016
Atlanta’s Tech Square is establishing The ATL’s Midtown district as a premier innovation center
A much anticipated, Portman-developed tower project will include collaborative office spaces, a data center, and a retail plaza.
Mixed-Use | Mar 2, 2016
Spiral forms dominate SWA’s planned mixed-use complex in China
The 1 million-sm development is expected to serve as a destination for Chengdu, Southwest China’s largest city.