Mundelein’s village board agrees on at least one thing: it needs more apartments.
The group of officials in the northern Chicago suburb unanimously approved redevelopment plans for a four-story apartment building that will rise just south of village hall, the Daily Herald reported. Chicago-based Synergy Construction plans to buy the roughly 3.2-acre site from the village for $1.2 million for the development.
The site along North Archer Avenue is mostly undeveloped, aside from a small portion that holds part of the Mundelein Metra station’s parking lot. Synergy first decided to call the project Mundelein Station apartments, but pivoted to District 250 to reflect the site’s address of 250 Plaza Circle.
The 165 residential units will be offered in one- and two-bedroom layouts, as well as convertible flexibility. Amenities will include a swimming pool, sauna, fitness studio, golf simulator and dog cleaning station.
A few miles south, in Vernon Hills, village officials approved plans for Centennial Real Estate to add 255 luxury apartments to its $252 million renovation of the Hawthorn Mall. Village officials approved the plans after the developer slightly relocated the residential building’s location on the plans.
As part of the development agreement with Synergy, the village of Mundelein will reimburse the developer up to $360,000 for demolition costs and $88,616 for proposed public improvements. Synergy will also receive funding from a special municipal taxing district that includes the site of the proposed development.
In exchange, Synergy will cover 25 percent of the cost — up to $150,000 — of any unspecified improvements to Plaza Circle and contribute $984,600 in impact fees to government agencies that will be affected by the project.
Synergy is expected to break ground this year and be open to its first tenants by early 2024.
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