East Dundee authorizes negotiations with developer for 7 Maiden Lane redevelopment
The Village Board authorized staff to negotiate a redevelopment agreement with Brinshore Development LLC for the village-owned Hager property at 7 Maiden Lane, advancing a plan that would include adaptive reuse, new multifamily units, townhomes and a park; the developer proposes mixed-income rentals and expects to seek LIHTC and a $4 million TIF.
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The East Dundee Board of Trustees on Feb. 3 authorized staff to begin negotiating a redevelopment agreement with Brinshore Development LLC for the village-owned property at 7 Maiden Lane, a motion the board approved by roll call vote.
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