2013 was a banner year for some new developments. The city council gave the green light to a number of projects, some already under construction, others waiting to be built in the new year.
Beginning in 2014, a portion of downtown along Water Street will begin transforming into new business, retail, restaurant, and parking space, known as The Water Street District.
Back in March, city council members finally gave the project thumbs up and in April, even approved of a $7.5 million tax rebate for the $85 million project
Then in October, the developer, Marquette Properties announced the included hotel, the first in downtown and originally a Holiday Inn Express, will now be a boutique Hotel Indigo.
“The physical attributes of the building were of a boutique hotel from day one and the architecture and the construction methods were above and beyond the brand standards of a Holiday Inn Express and Suites because it was in a downtown location,” said Jeff Prosapio, the Director of Project Management for Marquette Properties.
Utility work is slated to start in January with groundbreaking of the hotel set to begin in March. The Water Street District is expected to be completed by 2015.
In the meantime, construction is already underway for a few other projects, including the $30 million Main Street Promenade East at the corner of Main Street and Van Buren Avenue downtown.
The development will consist of office space and retailers, including national chains Anthropologie and J. Crew.
Also approved of a $7.5 million tax incentive and under construction, an Embassy Suites Hotel and Conference Center.
Crews began building the 13-acre development in August at Freedom Plaza near I-88 and Diehl Road.
Council first approved the facility in June, after having turned it down in 2011 because an Alzheimer’s facility was included in the proposal.
On the opposite side of town, a new Walmart is taking shape on 75th Street. The new store will be a 170,000-square-foot supercenter, replacing Walmart’s current Naperville location on Route 59.
City council members voted unanimously in August of 2012 to adopt a resolution giving Walmart $1.75 million in sales tax incentives over ten years to keep the retailer in Naperville.
“If we don’t do this Walmart goes literally across the street to Aurora taking all sales tax dollars with it, leaving us with a $1 million hole in our general fund,” said Councilman Grant Wehrli.
And the new Walmart won’t be the only new place to buy groceries. Standard Market is under construction along Aurora Avenue, near Ogden. The high-end grocer will contain 90% perishable products and offer fast, casual dining.
“Naperville’s always had a sort of high-end shopping attitude. They like great food. They like great service, both in our grocery stores and our restaurants do very, very well,” said Christine Jeffries, Executive Director for the Naperville Development Partnership.
The market’s expected to employ 150 to 170 people and open in April.
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