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Planning board backs downtown mixed-use plan for Midland States building, 47-unit apartment
Summary
The City of Kankakee Planning Board recommended approval of a preliminary plat and a conditional use permit for a mixed‑use redevelopment that would adapt the Midland States (former bank) building for offices and incubator space and add a new 47‑unit apartment building at 250 East Station Street and nearby parcels.
The City of Kankakee Planning Board on a unanimous vote recommended approval of a preliminary sketch plat and a conditional use permit for a planned unit development that would convert the Midland States bank building for commercial use and add a new 47‑unit residential building on the adjacent lot.
Developer Brian Lofton told the board the project “has been a long journey for us, I think since 2018,” and described plans to reuse the roughly 30,000‑square‑foot Midland States building for ground‑floor commercial and second‑floor office/incubator space while building a new three‑story, 47‑unit market‑rate apartment building on the adjacent parking lot.
The project team said the development will rely on multiple financing sources…
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