Urban Street at International Plaza

Introduction: Project Summary
In August, 2022 Urban Street, LLC presented their proposed development for TIF IV. The concept plan includes seven residential buildings consisting of 266 market rate apartments and one 37-unit affordable senior apartment building and commercial out lots along Golf Road.

Since the early review, Village staff, Village attorneys, and financial consultants have been negotiating with Urban Street, a non-binding Memorandum of Understanding (MOU) that will set the stage for negotiating the final Redevelopment Agreement (RDA). After approval of the MOU Urban Street will engage with their consultants to proceed forward with the necessary plans and documents to commence the zoning and entitlement process. During the same time the RDA will be negotiated and the final terms, conditions and timelines will be refined.

More information regarding the MOU can be found here.

Project Current Status
  • Memorandum of Understanding and Resolution for the project was executed at the November 20, 2023 board meeting.
  • Village Manager’s Report of August 15, 2022 – Early Review

Past Meetings and Related Information
Links to past meetings and agendas