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
Hotel Facilities | Apr 29, 2015
OMA unveils design for the Netherlands' largest hotel
Once completed, and if approved, the structure will add three stacked cubes to the Amsterdam skyline.
High-rise Construction | Apr 23, 2015
Size matters in NYC, where several projects vie for the city’s tallest building honor
The latest renderings of 217 West 57th Street show a tower that would rise higher than the World Trade Center’s pinnacle, when elevations are included.
High-rise Construction | Apr 22, 2015
Architects propose sustainable ‘vertical city’ in the Sahara
Designers aim to make the 1,476-foot tower sustainable, relying on rainwater collection, solar power, and geothermal energy.
Hotel Facilities | Apr 13, 2015
Figure-eight shaped hotel to open around PyeongChang 2018 Winter Olympics Facility
Just three miles away from the Olympic stadiums, the hotel will be a hub of its own.
Mixed-Use | Apr 7, 2015
$100 billion 'city from scratch' taking shape in Saudi Arabia
The new King Abdullah Economic City was conceived to diversify the kingdom's oil-dependent economy by focusing more in its shipping industry.
High-rise Construction | Mar 24, 2015
Timber high-rise residential complex will tower over Stockholm waterfront
The four towers, 20 stories each, will be made entirely out of Swedish pine, from frame to façade.
Mixed-Use | Mar 13, 2015
Dubai announces mega waterfront development Aladdin City
Planned on 4,000 acres in the Dubai Creek area, the towers will be covered in gold lattice and connected via air-conditioned bridges.
High-rise Construction | Mar 11, 2015
Must see: Firm proposes skyscraper with a ‘twist’ in downtown Tulsa
Tulsa, Okla.-based architecture practice Kinslow, Keith & Todd released renderings of a skyscraper concept that takes the shape of a tornado.
Modular Building | Mar 10, 2015
Must see: 57-story modular skyscraper was completed in 19 days
After erecting the mega prefab tower in Changsha, China, modular builder BSB stated, “three floors in a day is China’s new normal.”
Transit Facilities | Mar 4, 2015
5+design looks to mountains for Chinese transport hub design
The complex, Diamond Hill, will feature sloping rooflines and a mountain-like silhouette inspired by traditional Chinese landscape paintings.
