Luay Aboona of traffic consulting firm KLOA said the 305 stalls should be sufficient for the estimated 355 residents in the complex.Īboona also said compared to the Renaissance at full occupancy, this proposal would provide considerably fewer trips per day both in morning and afternoon peak hours. Both totals fall below the 510 stalls Glenview code requires for a multifamily residential development, though code does not make a distinction based on bedroom count. The 305 parking spaces will be bolstered by 71 "landbanked" spots available if necessary. Mitchell said generally in GoodHomes' developments about half the units come furnished, adding $50-$75 to the monthly rent. Amenities including a pool, a refurbished exercise room, meeting rooms, a laundry facility, storage lockers and coworking space would be located on the ground floor. Hotel owner Rolf Tweeten, who noted the Renaissance's past life as "the Allstate hotel," said business has suffered "dramatically" and called the first quarter of this fiscal year "terrible."įloors 2-7 of the 75-foot-tall building would hold the rental units, surrounding a rectangular atrium. Now they've dropped down to the 40% to 45%," Francke said. "It used to be that across the North Shore occupancy rates were in the upper 60%. The applicant's counsel, Hal Francke - who represented GW Properties with the Willows Crossing Shopping Center - said in February the Renaissance's occupancy was 45.6% and rooms ran $120.13 per day compared to averages of 62.5% occupancy and $193.90 in rental charges for the 85 Renaissance hotels in the U.S. The case, which would require a zoning change from Planned Development to R-18 Multifamily Residential, will continue before the New Development Commission on May 10 with further information available to the public on May 4. "If you decide not to approve this you're basically saying that these residents who make between $45,000 and $100,000 a year really don't have a place in Glenview," Mitchell told the commissioners. He said target clients for the Glenview facility would earn about $40,000 to $100,000 a year. New York City-based GoodHomes specializes in turning what Mitchell called "obsolete" hotels into residential buildings. He said the average price of an apartment in Glenview is $2,267. ![]() Mitchell said Glenview had 1,706 rental apartments with 29 available. The seven-story, 35-year-old Renaissance at 1400 Milwaukee Ave., would convert its 255 rooms into 201 studio apartments at about 490 square feet priced around $1,658 monthly, and 54 one-bedroom units of 580 square feet priced at $1,763. ![]() "What we offer is really A-plus amenities at really attainable rents," said David Mitchell, principal of GoodHomes, at the April 12 meeting of the Glenview New Development Commission. Glenview's New Development Commission is discussing the conversion of the Renaissance Chicago Glenview Suites Hotel into a 255-unit apartment complex.Ī proposal to turn the Renaissance Chicago Glenview Suites Hotel into a 255-unit apartment complex has what its prospective developer believes is a Glenview rarity.
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