Greendale — Construction of a 90-unit senior housing complex on property adjacent to Southridge Mall is expected to begin within the next month now that the village has taken final action on the proposed project.
At the recommendation of the Greendale Plan Commission, the Village Board on Tuesday approved a special-use request for the development, known as Berkshire-Greendale. That approval allows for the creation of a 9-acre development site at 7010 W. Grange Ave.
The right look
Described as a 'T-shaped,' three-story building situated on about 3 acres, the complex will emulate the architectural style of downtown Greendale buildings, and will feature a mixture of 54 one-bedroom and 36 two-bedroom units.
Site amenities will include 43 surface and 62 underground parking spots and a fenced-in playground area.
Ground-level patios and second- and third-floor balconies will be enclosed by black metal railings, juniper trees and red barberry shrubs will be part of the landscaping, and simple, LED lighting will be used throughout, said Sally Chadwick, trustee and member of the Plan Commission.
The choice of brick on the building's exterior is still being finalized to reflect something closer to the 'red brick' that is known in Greendale, she added.
The project its part of the village's first tax-incremental financing district - a 24-acre parcel now encompassing the former Blood Center building and bound by 76th Street on the west, Grange Avenue on the south, the mall on the north and a village-owned wooded area on the east.
Other components of the project will include the relocation and extension of the Southridge Mall ring road, the extension of Northway into mall property, and other road and utility improvements, for which the village will contribute about $1.25 million. The village also will kick in an additional $500,000 in developer incentives.
Development in the TIF district is expected to increase the property's value by about $9 million by 2014, and the added taxes generated by the parcel will be used to pay off the TIF debt.
This week, the board also approved resolutions authorizing the sale of $2.15 million in taxable general obligation bonds, and the use of those funds for community development projects in the TIF district.
The developer, General Capital Group, was also recently awarded federal tax credits to help complete the project.