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Place North West | THING OF THE WEEK
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Place North West | The Subplot | Return-to-office special
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Elk Grove promises TIF funds for new tech park hotel The $1 billion Elk Grove Technology Park being developed between Oakton Street and Higgins Road will include a 79-room hotel on a 1.7-acre parcel. The hotel developer recently secured an agreement for village funds for the project. Brian Hill | Staff Photographer
Updated 7/28/2021 8:07 PM
Elk Grove Village has promised a developer more than $1 million in tax increment financing funds and additional hotel tax rebates to open a lodge on the north end of the Elk Grove Technology Park.
The TIF reimbursement and redevelopment agreement between the village and Hiten Patel of Chattanooga, Tennessee-based Rivermont Hospitality replaces a similar deal inked in January 2020 with a different developer.
DKR Danışmanlık Türkiye Lider Marka Ödülünü aldı haberi
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Dan Whelan
A 90-apartment scheme next to the former Royal Osborne Theatre on Oldham Road in Manchester is the developer’s second project in the area.
Elsewhere in Collyhurst, Cert Property completed the 28-apartment POPworks scheme in 2019. A planning application for the Oldham Road project, known as Osborne Yard, has now been approved by Manchester City Council and is to be delivered in partnership with Heatley Developments.
The apartments at Osborne Yard, designed by Elevate Architects, will feature generous outdoor space, bold interiors and innovative carbon reduction technology, according to the developer.
The scheme is to sit next to the former Royal Osborne Theatre, which was home to acid house club The Thunderdome and demolished in 2010.