ST. CHARLES – A developer is moving ahead with plans for one of the last remaining parcels in the First Street redevelopment project in downtown St. Charles.
At their Dec. 17 meeting, St. Charles aldermen approved a memorandum of understanding with Frontier Development LLC, which plans to build a two-story retail and office building on the grass parcel at the northeast corner of 2nd St./Rt. 31 and Illinois Street. The building would be approximately 11,000 square feet in size, city officials said.
As proposed, the building's first floor would be for retail/restaurant use and there would be offices on the second floor. The project is expected to cost approximately $2.5 million. As part of the agreement, the city will waive and/or reimburse Frontier Development, as the case may be, for all permit and zoning costs and/or fees associated with the project.
City staff has estimated fees at approximately $5,000 for zoning approvals; $15,000 for shell building permit fees and $30,000 for buildout permit fees for a restaurant and office business, including utility connection fees.
Plans are for the project to begin in late spring/summer 2019. First Street is a multi-phase project that began in 2007. Following the development of Frontier Development's lot, there are two more lots remaining to be developed.
The first two phases of the project completed in 2009 included reconstruction of streets/sidewalks and utilities along First Street, relocation and expansion of the Blue Goose Market, construction of a 430-space parking garage building and the creation of the public plaza adjacent to the Main Street businesses.
Construction is now underway on phase three of the First Street redevelopment project, which is the riverfront property located at the northeast corner of Illinois and First streets. When completed in 2019, phase three will include three mixed-use buildings, a public parking deck, an extension of the First Street plaza east to the riverfront and a bi-level pedestrian riverwalk, city officials said.