A six-story apartment building proposed for Shorewood has won village zoning approval over opposition from some residents, who say it will be too tall for their neighborhood.

The Village Board, after nearly four hours of a public hearing and board discussion, voted 7-0 late Monday night to approve the building, whichGeneral Capital Group plans to develop west of Oakland Ave. and south of Olive St.

The apartment building, with about 90 units and street-level retail space, will be part of a larger project that includes a two-story Metro Market, to be built north of Kenmore Place, with a four-level parking structure between that upscale supermarket and the apartments. The existing one-story Pick 'n Save supermarket, and two smaller vacant buildings, will be demolished to make way for the new development.

General Capital, and village officials who support the project, said the apartment building needs to be six stories to make it financially feasible. While the village's master plan for Oakland Ave. calls for buildings no higher than four stories, those two extra floors bring additional apartments that create more rental income.

Supporters say Shorewood has other buildings that are six stories or higher, including the LightHorse 4041 apartment building, which opened last year west of Oakland Ave. and south of Kenmore Place. They said the continued redevelopment of Oakland Ave. is generating more property tax revenue for the village, and its school district.

Read more from the original source:
6-story apartment building wins Shorewood approval

Related Posts
July 9, 2014 at 2:01 am by Mr HomeBuilder
Category: Apartment Building Construction