Construction to Begin on Plainfield Apartment Complex
The first tenants will be able to move in by January or February 2013, according to the developer.
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It will be about a year and a half before all 17 buildings at the Springs at 127th apartment complex are completed, but tenants can begin moving into the 340-unit development sooner than that.
Kimberly Grimm, vice president of development for developer Continental Properties, said the first building is scheduled to be completed in early 2013. The property is located at 23756 127th St., east of Route 59.
“We’ll be turning over the buildings as they’re done,” Grimm said.
In the meantime, the existing building on the property, last occupied by Christ Lutheran Academy, has a date with the wrecking ball.
Jeremy Droeszler, project manager with contractor Horizon, said demolition could happen as soon as next week.
Mayor Mike Collins, village trustee Margie Bonuchi and several village staffers attended Continental’s Tuesday morning groundbreaking ceremony on the project, set to begin construction later this week.
Grimm said the apartments, which could bring an estimated 565 new residents to Plainfield, will rent for $900 to $1,850 per month. The complex will be a mix of studio and one-, two- and three-bedroom apartments.
Based in Menomonee Falls, Wisconsin, Continental Properties owns and manages multi-family developments in Iowa, Nebraska and several southeastern states. According to Grimm, Springs at 127th is the company’s first venture in Chicagoland.
“This is an area that has a lot of population growth, it has a lot of employer diversity,” she said. “We’re honored to be one of the first multi-family projects in Plainfield,” she said.
Not everyone is excited about the large multi-family development.
In December 2011, an attorney for Craig and Judy Haick, whose home is north of the development, urged village trustees to vote against annexing the property into Plainfield.
Collins said with the economy beginning to turn around, there’s a need for rental property in the Plainfield area.
“I think this is exactly the right time for this kind of project,” the mayor said.
P05
6:36 am on Wednesday, May 16, 2012
Are there plans to widen 127th Street? At least add a line down the middle of the road?
T-Bone
7:01 am on Wednesday, May 16, 2012
$1850 per Month in Plainfield! Can you say...Empty Appartments! Might as well buy a house and have a write off!
Jerry
10:11 am on Wednesday, May 16, 2012
They charge that much now, and live with low occupancy for a while...but then when this flips into government subsidized housing, the owners can collect based on standard rental rates....(half theory, half sarcasm)
concernedresident
7:14 am on Wednesday, May 16, 2012
Why handle the infrastructure first such as widening the street? Let's just grab the money and run and let all of the Plainfield residents that use 127th to commute suffer! Would have been nice to see a traffic study on 127th done but that would mean that you gave a damn.
Jimmy D
10:25 am on Wednesday, May 16, 2012
Did you go to the Plan Commission meeting? Or read the minutes on-line? Of course not. This is all public record
"the traffic studywas provided as requested; the traffic study indicated left turn and right turn lanes from 127th would berequired and these have been provided and the annexation agreement confirms these turn lanes will be provided; there is a dedication of 33 ft of right-of-way and the applicant is also dedicating an additional
right-of-way for a total of 60 feet of right-of-way for the eventual widening of 127th Street; a five-foot sidewalk will be built along our frontage of 127th Street; and a financial contribution of $287,500 for future improvements to 127th Street is provided to the Village."
Tim
12:32 pm on Wednesday, May 16, 2012
Yep. nobody gives a damn about those who just spout off their ignorance.
The old 'gossip-is-news' editor is gone now, so nobody will be deleting the comments with challenges to your nonsensical claims, that you have no proof for, or that are directly contradicted by facts in the public record.
So, feel free to post the evidence of the public records of the village denying a traffic study to back up your claims. Otherwise, take your rumors over to the joliet patch site when(if) it launches. I'm sure rumors will be welcome there.
Nick Beam
7:56 am on Wednesday, May 16, 2012
It's almost as if no planning at all went into this.
Eyes on Plainfield
8:03 am on Wednesday, May 16, 2012
Shouldn't the DEVELOPER pay for all the improvements to permit commuters to freely drive past the development?
K
8:38 am on Wednesday, May 16, 2012
We have enough residents. How about adding more businesses so our taxes aren't one of the highest in the state?
We obviously have the same planning board that we did 5 years ago.
Olddeegee
10:41 am on Wednesday, May 16, 2012
How many businesses are clamoring to come into Plainfield? After a couple of decades of trying to turn us into Naperville with "upscale" shopping experiences we're a town of empty and/or struggling businesses. This (if handled properly) will help by bringing consumers and tax dollars to the town. At least they're not building more Jo-field and telling us it's good for us.
Lisa S.
1:01 pm on Wednesday, May 16, 2012
What else will it br bringing to Plainfield? How about higher demand for police service, fire service, ambulance service, the impact on the schools, the high density factor which almost always turns into other socio-economic impacts. Low property tax to pay for all of these things in comparison to single family or other low denisty property. The only enitity making out in this deal is the developer. Thsi is NOT good for Plainfield.
Tim
6:42 pm on Wednesday, May 16, 2012
Lisa,
Apartments provide the most taxes collected, for the least services consumed.
Single family homes provide the least taxes collected, for the most services consumed.
This has been pointed out each time someone comes along and tries to hide their racism/elitism behind incorrect economic blather.
http://www.nmhc.org/Newsletter.cfm?ItemNumber=54914
In fact, apartments actually are taxed at more than TWICE the burden of what single family homes pay, as a ratio of effective tax rates. Illinois being one of the states where this ratio is the highest, with only 4 states higher. In every single state, apartments pay a larger burden of local taxes, as an effective tax rate, than single family homes.
The facts simply do not back up your prejudices.
Tim
6:58 pm on Wednesday, May 16, 2012
Worried about taxes?
How about taxing the churches?
Miguel Sanchez
1:53 pm on Wednesday, May 16, 2012
Why rent an apartment in Plainfield?
JeffK
7:53 pm on Wednesday, May 16, 2012
That survey doesn't mention anything about the largest taxing body lowering the assessed value of the land like PSD 202 did for this property.
Anything with data that isn't 7-12 years old? Any data since the housing crash? Enron's stock was at it's peek about the same time some of that data was collected. By your logic and facts we should all go out and buy us some Enron. The world has changed.
Tim
8:46 pm on Wednesday, May 16, 2012
I'm glad you noticed that. The ETR difference was actually larger between Single family residences(SFR) and multi-family(apartments) during the bubble. Leading SFRs to pay even less of their 'fair share'.
Housing prices are now back to the values of the late 90's-early 2000's, so this is the most accurate comparison to today's values. In fact, because of the price bubble, single family residences paid even LESS than this table represents during that period, leading to a larger ETR difference than what is listed.
Questioning things is good, not supplying information to support those doubts, is not.
JeffK
10:46 pm on Wednesday, May 16, 2012
Property values are down to those levels but property taxes are not. You love to deal in truth and fact as long as it is half truth and partial fact. The number of occupants has gone up in both single family homes and residential rentals since the crash. Making this study obsolete. PSD 202 has made sure this complex won't be paying a fair share.
The only benefit of this complex is that it has assured us a new village president, 3 new village trustees and 4 new school board members next year. So in the end I agree that the village will benefit. I also agree with taxing churches
Tim
7:47 am on Thursday, May 17, 2012
single family homes are not in a vacuum.
Taxes on homes went up the same as taxes on apartments. The ~2.00 ETR ratio has stayed the same.
Just ask the people in the numerous apartment buildings that have existed in downtown Plainfield for over 2 decades.
MidwestGal
7:11 pm on Thursday, May 17, 2012
Thanks Plainfield for allowing more kids in our already overcrowded schools. Wasn't this orginally thought to become section 8 housing? Before you jump on me - I have not gone through the village notes... Maybe some of the residents can fill up the ESL classrooms too and expect 7 to 1 student/teacher ratios. Maybe the park next door will have all the overflow of kids play at there and vadalize it. Maybe the Walmart will have even more pajama weearing Walmartians. Ah... Plainfield keeps getting better every day!! Great town!
High Hopes for OL
1:42 pm on Thursday, May 31, 2012
It will give our police department something to do beside give out tickets. Make them earn there money. lol
Kim
11:21 pm on Wednesday, July 11, 2012
I recently moved to Plainfield from Lockport... our taxes were almost DOUBLE in Lockport for 1/8 of the businesses & things to do that Plainfield has. I cant believe this many people can complain about a town that has stores, resturaunts, nice roads, a nice downtown & actual things to do. I dont see how one apartment complex could bring "trouble" to an area or overcrowd a school. Alot of people that lived in my last apartment complex were transient people not wanting to live in the city, mainly younger 20 or 30 somethings most without kids... I'm ecstatic apartments are coming to Plainfield. I want to move of my parents house but really cannot afford to buy a house and really dont want to. Stop worrying about an apartment buliding people we live in a nice area!