Huntley recently issued the following announcement.
The Catty property is located in the Downtown TIF District. The Village Board previously approved a TIF Redevelopment Plan for the Downtown TIF District, and a fundamental component of that Plan is rehabilitation and redevelopment of qualified redevelopment project sites within the TIF. The Village Board has identified the Catty property (and the existing building, which has been vacant for several years) as a redevelopment priority under the TIF Redevelopment Plan. Since acquiring the property in 2017, the Village has undertaken environmental remediation and other site preparation work to prepare the Catty property and building for successful rehabilitation and redevelopment for new occupancy.
Per Village Board direction on September 9, 2021, Staff has been in discussions with True North Properties (the “Developer”) and is in the process of finalizing a Purchase and Sale Agreement and Redevelopment Agreement for the property to accommodate the residential use of the property. The requested development actions for consideration by the Plan Commission are to accommodate the proposed conversion of the existing building to 37 apartment units. The building is proposed to be named “The Cornell” based on the building previously being used as a Cornell Brothers Milk Condensing Factory.
Original source can be found here.
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