Get AI Briefings, Transcripts & Alerts on Local & National Government Meetings — Forever.
Fox River Grove board approves MOU with Norwood Builders for five‑story Block B redevelopment
Loading...
Summary
The Village Board approved a memorandum of understanding with Norwood Builders and Compasspointe Development for a proposed five‑story, mixed‑use project on Block B including 151 residential units, about 8,600 sq. ft. of retail, and 220 parking spaces; Trustees asked for continued communication during the approval process.
The Fox River Grove Village Board voted March 21 to approve a memorandum of understanding (MOU) with Norwood Builders and Compasspointe Development to pursue redevelopment of Block B between Illinois Street and Lincoln Avenue.
Administrator Soderholm told the board the village received five development proposals and staff negotiated an MOU with Norwood Builders and Compasspointe to secure a written commitment before the developer spends substantial funds on approvals. Representatives from Norwood and Compasspointe — Bruce Adreani, Peter Adreani and Joe Taylor — attended to present their concept.
The concept described to the board was a five‑story, roughly 180,000+ square‑foot mixed‑use building comprising approximately 151 residential units and about 8,600 square feet of retail space. The design includes two open breezeways intended for outdoor dining and provides 220 parking spaces, described in the presentation as 177 spaces (one per bedroom) plus 43 spaces for retail.
Developers said the proposal responds to local market demand and cited leasing activity in other projects (Compasspointe representatives said they are leasing 10–15 units per week in a Des Plaines project). Trustee Andrew Migdal said he was not partial to a five‑story building in the downtown; other trustees, including Patrick Wall and Steve Knar, complimented the vertical concept and retail‑oriented breezeways. Trustee Melissa Schladt asked for continued communication between developers, staff and the board throughout the process.
Trustee Patrick Wall moved to approve the MOU; Trustee Jennifer Curtiss seconded. The board voted — Trustees Curtiss, Knar, Migdal, Schladt and Wall voting “yes” — and the motion passed. The minutes record the board’s approval of the MOU; they do not contain design approvals, detailed financing commitments, or a timetable for entitlement and construction.