11808 CORAL STREET (FIRE DISTRICT STATION #1)
- mixed use development -
The project is underway as of June 2022, stay tuned for the redevelopment of former Fire Station #1 in the Downtown TIF District. The Village Board approved the Downtown Revitalization Plan in September, 2010 and has worked diligently to implement the plan, including the establishment of a Tax Increment Finance (TIF) District for the area. A fundamental component of the Downtown Plan is the redevelopment of properties within the TIF District. The plan identified the Fire Protection District property as a key redevelopment parcel appropriate for a mixed-use development that includes retail or dining uses on the ground floor and multi-family units above.
The project by Billitteri Enterprises and United Construction Services includes a D.C. Cobb's restaurant space of approximately 5,000 square feet on the ground floor and the addition of three stories of apartment units above (18 units).
The Village, subject to certain terms and conditions, purchased the former Fire Station property from the Fire District and in turn sold a portion of the property to the developer subject to a purchase and sale agreement and a redevelopment agreement approved by the Village Board on March 10, 2022.
march 10, 2022 AT 7:00 PM | village board MEETING
FINAL CONSIDERATION OF PLANS - PROJECT APPROVED
FEBRUARY 28, 2022 AT 6:30 PM | PLAN COMMISSION MEETING
FEBRUARY 14, 2022 AT 6:30 PM | PLAN COMMISSION MEETING
FEBRUARY 10, 2022 AT 7:00 PM | VILLAGE BOARD MEETING
- Meeting Agenda
- Item 6C - Consideration – A Resolution Approving and Authorizing Execution of a Property Purchase and Sale Agreement with the Huntley Fire Protection District for 11808 Coral Street (former Fire Station One)
- Item 6D - Consideration – A Resolution Regarding Potential Disposition of Property Within the Huntley Downtown TIF District and Inviting Submission of Alternative Bids And Proposals, 11808 Coral Street
- Item 6E - Conceptual Review – Redevelopment of the Former Fire District Station One Property at 11808 Coral Street for Restaurant and Apartments and Resolution Authorizing Continued Negotiation of a Redevelopment Agreement with Billitteri Enterprises, LLC