A developer has proposed erecting an apartment building, a parking garage, two townhouse buildings and a retail structure on vacant, village-owned land at Plaza Circle in Mundelein.
Years after it first was envisioned by village officials as a bustling town center, the final piece of the real estate puzzle that is Plaza Circle could be falling into place.
The buildings would go up north of village hall and to the northeast and east on the other side of the grassy oval in Plaza Circle's center.Indianapolis-based developer Flaherty & Collins is behind the concept. Representatives publicly unveiled their plan during Monday's village board meeting. The parking garage could have 277 spaces on three levels. The retail building could have about 5,000 square feet of space.by signing up you agree to our terms of service Mayor Steve Lentz said officials couldn't be more pleased with the plan.As the property is within a special taxing district that raises money for public improvements, the village would reimburse Flaherty & Collins for some of the company's costs.
Last October, however, trustees approved a redevelopment agreement with a real estate group that wants to construct a four-story apartment building on the southwest side of Plaza Circle, south of village hall. Work is set to begin this year.
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