Naperville eyeing incentives as a way to persuade home builders to include affordable units Suzanne Baker, Naperville Sun, Ill.
Jul. 1 Naperville may use incentives to encourage developers to add affordable units into their housing plans.
The topic of inclusionary housing was discussed at a recent workshop meeting and the general feeling from council members, as summarized by City Manager Doug Krieger, was that offering inducements would be the easiest way to persuade home builders to include affordable housing in their projects. (Council members) don t want it to be punitive, and we don t want to do something kind of just for show, he said. We don t want to put an ordinance in place that is really not going to move the needle.
Naperville council to consider revised CityGate West plans
The Naperville City Council on Wednesday is expected to consider revised plans for a $200 million entertainment, residential and hospitality destination proposed for this vacant parcel near Route 59 and Interstate 88. Mark Welsh | Staff Photographer Inter-Continental Real Estate & Development has revised plans for a $200 million mixed-use destination in northwest Naperville to address community and council concerns. Courtesy of CityGate West
Updated 4/5/2021 5:47 PM
After submitting revised plans for the $200 million CityGate West campus in northwest Naperville, developer Aristotle Halikias believes he s a step closer to bringing his family s long-term vision to fruition.
The modifications aim to address several community and council concerns regarding the addition of a hotel and accompanying banquet facilities, the phasing of residential construction, improvements to the dormant Odyssey
Although he faces some opposition from Naperville city staff, school district officials and Brookdale homeowners, CityGate West owner Aristotle Halikias says the time is right for his dream of an entertainment-focused development to happen.
Updated 1/27/2021 6:17 PM
The construction of a self-storage facility is the focus of a developer s plan to revitalize a Naperville shopping center, sparking concerns among nearby residents that the use is incompatible with surrounding properties.
The Shorewood Development Group is under contract to purchase the Market Meadows Shopping Center at Naper Boulevard and 75th Street, where vacancy rates have grown and infrastructure has been deteriorating for years, attorney Vince Rosanova said.
Plans to redevelop the retail hub, anchored by Jewel-Osco, include constructing a new multi-tenant outlot building, completing architectural and engineering upgrades, reconfiguring the parking lot and improving pedestrian access. To support the nearly $50 million project, he said, developers have proposed transforming an antiquated courtyard with challenging retail space into a self-storage business, operated by Northfield-based The Lock Up.
Nine town houses and four duplexes are to be built on the site of four single-family homes at the southwest corner of Fourth Avenue and North Loomis Street in Naperville despite opposition from neighboring property owners.