With a company proposing a mix of apartments and retail space for the old village hall site in downtown Lisle, trustees are trying to decide what they want to see and whether they're willing to offer incentives to make it happen.

Lisle has approved a letter of intent with Naperville-based Marquette Companies for the sale and development of the village-owned property at Main Street and Burlington Avenue. The location has been vacant since the former village hall was razed in 2003.

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Marquette wants to acquire the site and an adjacent parking lot to construct two multistory buildings with commercial space on the first floor and apartments above.

Because Lisle still owns the land, it gets a say on what plans Marquette will submit to the village's planning and zoning commission.

Mayor Joe Broda said Marquette has made several revisions to the plans to address concerns raised by the board. As a result, he said there aren't any major sticking points.

"I think we are well on our way to moving this project forward," Broda said. "Overall, the consensus of the board is we like the new revision of the product they are presenting."

Marquette, for example, initially planned to have more than 10,000 square feet of commercial space at street level along both Main and Burlington. The company has agreed to increase that to about 15,000 square feet.

See the article here:
Lisle trustees providing input on plans for downtown site

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February 27, 2014 at 8:54 pm by Mr HomeBuilder
Category: Retail Space Construction