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New Multi-Family Residential Development Approved
Mundelein Trustees Approve Term Sheet for New Multi-Family Residential Development in Downtown
At the June 22, 2020 Village Board Meeting, Mundelein Trustees approved a Term Sheet with AlphaTerra Realty Capital, LLC for a multi-family residential rental community located at 101 E. Maple Avenue and 538 Morris Avenue. Adding residents to this area will complement downtown businesses, provide an enhanced neighborhood experience when entering the Downtown from the north, and create a stable and complimentary use to residential neighborhoods to the east.
The project proposes construction of 108 market rate rental units across the two properties that flank the tracks, most units featuring a one-car attached garage and separate entryways from the exterior. Public open space will be reserved at the corner of Park/Seymour and Maple/Seymour for use as “Pocket Parks.”
“The Morris station development will transform the northern Downtown area by introducing a type of housing stock we do not currently offer. Residents will be within walking distance to many businesses and will constitute a welcome and new customer base. We are very excited to welcome AlphaTerra to Mundelein,” said Steve Lentz, Mayor.
The Village acquired 101 E. Maple Avenue (formerly Alan Josephsen Co.) in 2019 and 538 Morris Avenue (formerly Bradco Supply Corp.) in 2016 to encourage progression of the community’s Downtown goals. Over the past two years, various concepts for residential projects have been presented for the site.
The total property size is 1.8 acres for Maple Avenue and 2.8 acres for Morris Avenue. As part of the terms of the transaction, the Village has agreed to fund the design and construction of the off-site public improvements on Seymour Avenue, Morris Avenue, and Park Street by December 31, 2023. These improvements include off-site public sanitary sewers, water mains, storm sewers, roadways, public sidewalks, and landscaping.
Additionally, Mundelein will contemplate the design and potential construction of “Pocket Parks” at the northeast corner of Seymour Avenue and Park Street, and the southeast corner of Seymour Avenue and Maple Avenue.
Mundelein’s Comprehensive Plan recommends a mixture of residential, commercial, and open space uses within the Downtown. In 2017, Planning consultants, Farr Associates, prepared a subarea plan (the Downtown North Implementation Plan), which further explores potential land uses and the built environment within the study area bound by North Lake Street (Route 45), East Maple Avenue (Route 176), East Hawley Street, and Morris Avenue. The Downtown North Implementation Plan stays true to the vision of a pedestrian-friendly built environment that bring buildings towards the street and introduces a more urban mixture of land uses.