Friday, March 8, 2013
Wheaton 121 offering pre-leasing for downtown apartment complex opening this summer.
Developer Morningside Group is now offering pre-leasing beginning March 15 for apartments in Wheaton 121, a six-story apartment complex opening at 121 N. Cross St. in downtown Wheaton this summer. “There has been a great deal of interest in Wheaton 121 since we broke ground last summer,” David Strosberg, president of Morningside said in a statement. “The modern design of the homes, high-end finishes, and upscale amenities will make this the finest rental community in DuPage County. Both long-time Wheaton residents and potential renters are excited about this vibrant addition to downtown Wheaton.” Available floor plans include loft, studio, one bedroom/one bath, two bedroom/one bath, two bedroom/two bath, and three bedroom/two bath plans. …
Tuesday, July 17, 2012
Officials and developers participated in a groundbreaking ceremony for Wheaton 121, a luxury apartment complex in downtown Wheaton Monday afternoon.
The construction of a luxury apartment complex in downtown Wheaton will begin any day now, after city officials and developers broke ground at the site Monday afternoon. Designed by Fitzgerald Associates Architects, Wheaton 121 will consist of five levels of apartment homes and a two-level indoor parking garage with over 400 spaces. Floor plans will include five studios, 212 one-bed/one-bath homes, 66 two-bed/one-bath homes, 19 two-bed/two-bath homes, and four three-bed/two-bath homes, according to a press release from Morningside. Keep up with Wheaton news on the Wheaton Patch Facebook page, and sign up for our free daily newsletter! All apartment homes will feature 9-foot ceilings, granite countertops in kitchens and baths, stainless …
Tuesday, March 20, 2012
Board objects to using tax dollars for proposed enhancements, interest payments.
Wheaton City Council rejected a proposal to supply Morningside Equities Group with $2.7 million in Tax Increment Finance (TIF) funding for the construction of a 300-unit luxury apartment complex on Monday. Council will revisit the issue after city staff and Morningside rework an agreement for TIF funding for the development. In November Morningside initially requested $2.3 million for assistance with several planned improvement projects, including utility relocation and improvements, site amenities such as light poles, benches, trash, recycling receptacles and bike racks, public plazas with fountain features and seating, a detention and lift station required because of the depth of Wheaton’s sewers, environmental remediation, design, …
41.866069
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City of Wheaton City Hall
303 W Wesley St, Wheaton, IL
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Thursday, February 16, 2012
Five board members spoke highly about a developer's plans for an apartment complex in downtown Wheaton, but two had concerns that kept them from supporting a Planned Unit Development approval.
Wheaton's planning and zoning board will recommend denial of a Planned Unit Development (PUD) for a developer planning to build Wheaton 121, a 300-unit apartment complex in downtown Wheaton. With two members absent Tuesday, the board voted 3-2 in favor of a recommendation to approve the PUD, one ‘yes’ vote short of the required four to recommend approval to City Council. Board members Mark Sargis and Neil Pollock lauded developer Morningside Group’s plans for the $60 million project, but had concerns that kept them from supporting it. Sargis voted ‘no’ because of a reservation about the proposed height of the building. Neil Pollock voted ‘no’ because a recommended condition related to the developer’s use of green initiatives in …
Tuesday, January 24, 2012
The City of Wheaton Planning and Zoning Board will consider Morningside Equities' application for a Planned Unit Development approval to build a 306-unit apartment complex downtown.
Residents will have an opportunity to speak publicly about a proposed development at 218 Wesley Street in downtown Wheaton at the 7 p.m. Planning and Zoning Board meeting Tuesday, Jan. 24 at City Hall. Developer Morningside Equities Inc. has submitted an application for a Planned Unit Development (PUD) approval to allow the construction of a six-story, 306-unit apartment complex on a vacant downtown lot bounded by, Wesley, Scott, Front and Cross streets, according to a city memo. The public may make a statement at the hearing or submit comments in writing prior to the hearing. Mary Ellen Martin, senior development manager for Morningside Equities Inc. told Patch in November Morningside plans to close on the property in early 2012 and begin…
Friday, January 20, 2012
Wheaton Mayor Mike Gresk talks strategy at annual State of the City Address, says Hubble development has mobilized other projects.
Wheaton Mayor Mike Gresk on Thursday delivered his annual State of the City Address to outline the city’s goals, including plans to establish a strategic economic development plan by 2013. Gresk said the city plans to reduce retail vacancies in Wheaton and increase net property values by 2015, and establish a strategic economic development plan for downtown by January 1, 2013 and a strategic economic development plan for all of Wheaton by July 1, 2013. Click to sign up for the Wheaton Patch newsletter In a challenging economy businesses have closed in Wheaton and there is "little growth," Gresk said. However "little" is more than nothing, as major projects on the horizon include the redevelopment of the former Hubble school site, a movie …
Saturday, November 26, 2011
Patch recaps top stories from the week of Nov. 20-25.
Wheaton Police Warn Residents of Phone Scam After five separate reports of phone scams from Wheaton residents, police warned residents Tuesday of potential scams to take money via telephone. Local Families Struggle to Put Food on the Table Families' economic struggles continue and nowhere are woes more evident than at local food pantries. Developer to Proceed in Sale of Downtown Property, Apartment Complex Construction Morningside Equities will purchase 218 E. Wesley St., a vacant lot in downtown Wheaton after doing its homework on what development of the property would entail. The developer will build a 300-unit apartment complex, and has requested $2.3 million in TIF monies from the city. City to Condemn More Than 100 Fireplaces …
Saturday, November 12, 2011
Patch recaps some of the top stories from the week.
Council Overrides Planning and Zoning Board to Allow Aveda to Open in Downtown Wheaton Wheaton City Council changed a 1998 city ordinance that prohibited new hair stylists to open a business in downtown Wheaton to allow an Aveda salon to open. Private Fundraising Group for Wheaton Warrenville South Looks to Improve School's Athletic Facilities The new group presented its plans to enhance the current football field at Wheaton Warrenville South, build new soccer and lacrosse fields and make other improvements to the school's athletic facilities with its private funds. Developer Asks City for $2.3M Through TIF for Downtown Apartment Complex City Council gave some unofficial support Monday to developers looking to build a 300-unit apartment …
Tuesday, November 8, 2011
Developer seeks TIF money for public improvements and support in negotiating impact fees for 300-unit apartment complex at 218 Wesley Street.
City Council members told developers Monday to continue with their plans to build an apartment complex on a vacant downtown property after hearing how the city would need to provide financial assistance for the project. The developer, Morningside Equities Group, Inc., is the contract purchaser for 218 Wesley Street, a vacant, bank-owned property on a block bordered by Cross, Front, Scott and Wesley streets in downtown Wheaton. The developer has until Nov. 21 to perform due diligence to be sure it can, and will, purchase the property. Morningside plans to build a 300-unit apartment complex, but needed council assurance it can receive financial support through Tax Increment Financing (TIF) from the city before proceeding with the deal. …
Monday, November 7, 2011
City Council will discuss proposed development on vacant lot and idea to allow purchaser to use some TIF dollars for project.
City Council will review plans Monday for a proposed apartment complex in downtown Wheaton at 218 Wesley Street, a block of vacant land bordered by Front Street, Scott Street, Wesley Street and Cross Street. The property is under contract, according to listing agent Daniel Hyman. The purchaser, residential and retail developer Morningside Equities Group, Inc., is now in a "due diligence" period to determine the factors associated with the development of the site, according to City Manager Don Rose. Morningside has until Nov. 21 to tell the bank that owns the property whether it will proceed with the sale. Morningside plans to build a 300-unit apartment complex on the 2.6-acre site, and will discuss with City Council the utilization of TIF …
HerpDerp
11:15 am on Thursday, August 16, 2012
Anne, the sale price for RENTAL APARTMENTS? It will have the same influence on flooding that the bank did...NONE. Perhaps they should have reconstructed a luxury bank there instead. We totally need more banks downtown, not people that will provide cash flow to the central business district. more ›