- The Cornell -
The project is underway! True North Properties purchased the building on Friday, May 20, 2022 and has begun redevelopment of The Cornell (formerly known as the Catty property) in the Downtown TIF District. The Village Board previously approved a TIF Redevelopment Plan for the Downtown TIF District, and a fundamental component of that Plan is rehabilitation and redevelopment of qualified redevelopment project sites within the TIF. The Village Board identified the Catty property (and the existing building, which had been vacant for several years) as a redevelopment priority under the TIF Redevelopment Plan. Since acquiring the property in 2017, the Village underwent environmental remediation and other site preparation work to prepare the Catty property and building for successful rehabilitation and redevelopment for new occupancy.
Per Village Board direction on September 9, 2021, Staff has been in discussions with True North Properties (the “Developer”). On April 14, the Village Board approved a Purchase and Sale Agreement, Redevelopment Agreement, and Rezoning and Planned Unit Development for the property to accommodate the residential use of the property. The approved plans allow for the conversion of the existing building to 37 apartment units. The building will be named “The Cornell” based on the building previously being used as a Cornell Brothers Milk Condensing Factory.
- Building Elevations, dated 3/30/22
- Floorplans, dated 11/18/21
- Church Street Parking Lot Expansion and the Cornell Development Site Improvements, dated 4/4/2022
- Landscape Plan, dated 3/10/22 (revised)
- Plat of Subdivision, dated 3/10/22 (revised)
April 14, 2022 at 7:00 PM | Village Board Meeting
March 14, 2022 at 6:30 pm | Plan Commission Meeting