ST. CHARLES – Plans to build a four-story apartment building on one of the remaining lots in the First Street redevelopment project in downtown St. Charles continue to move forward.
The St. Charles City Council on Monday approved a memorandum of understanding to designate R&B Development as the developer for building 7B. The agreement authorizes the developer to apply for zoning/PUD approvals during a 120-day period.
"The goal would be to present the project for final approval within the 120-day period so construction can commence during the 2020 construction season," Rita Tungare, the city's director of community and economic development had previously told aldermen.
R&B Development, comprised of Bob Rasmussen and Rick Dahl, proposes to build a 21-unit rental building on the city-owned grassy lot just east of Blue Goose Market along First Street.
The building would have 21 rental residential units – six two-bedroom units and 15 one-bedroom units along with ground-level parking containing 19 parking spaces.
Rasmussen has been involved in the First Street redevelopment project over the years. R&B Development has suggested the city design and pay for the developer to complete the adjacent streetscape along First Street.
"The street parking, curbs and lighting are already in place," Tungare said. "So what is remaining essentially is the final sidewalk/paver surface and some landscaping."
Rasmussen and Dahl previously worked together on the Heritage Green project, which included renovation of the Judd Mansion and completion of the surrounding townhomes, according to a city memo.
The First Street redevelopment project is nearing completion. In January, aldermen unanimously voted to purchase the former Manor Restaurant site in downtown St. Charles for $1 million in order to expand the 1st Street East Plaza.
As City Administrator Mark Koenen told aldermen, the expansion of the 1st Street East Plaza project is being funded in part with financial support from Exelon, which is providing $600,000 toward the project.