Thursday, March 21, 2013
Village recognizes steering committee as a member reminds board to be flexible.
John Breugelmans is realistic about Algonquin’s Downtown Planning Study. The recently adopted plan, a vision for the downtown’s revitalization, needs to be flexible as does the village, he said. “It’s developers who build downtowns,” he said. “Developers can only work in what the market is.” Breugelmans was among the developers, businesses owners, community leaders and residents who served on the Downtown Planning Study Steering Committee that worked on the Downtown Plan. The committee helped contribute to the ideas and goals in the study. Algonquin officials presented the plan to Chicago Metropolitan Agency for PlanningCMAP), which helped fund it. This week, the village thanked committee members including Breugelmans. But he told the …
Tuesday, October 16, 2012
The Algonquin Village Board approved in a 5-2 vote Tuesday night an amendment to its planned unit development for Riverside Plaza that would allow the development to move forward as a rental property.
The Riverside Plaza project will move forward as a rental project. The village of Algonquin has been working with the developer of the project, John Breugelmans, to come to a compromise on what to do with the building that continues to sit vacant at Route 31 and Route 62. The building was originally approved for development of condos. As the economy has shifted, Breugelamns said no bank would finance condos and requested a shift to rentals. In September, Algonquin Committee of a Whole in an unofficial vote turned down Breugelmans request for 69 rental units, requesting fewer and more spacious units in the building. On Thursday, the Algonquin Village Board voted 5-2 to approve an amendment to the planned unit development allowing a change …
Friday, September 14, 2012
Algonquin's committee of a whole on Tuesday rejected a plan for 69 luxury apartments in Riverside Plaza.
Once again, this question looms: what's next for Riverside Plaza? In an informal vote Tuesday, the Algonquin committee of a whole rejected a plan by Riverside Plaza developer John Breugelmans to develop 69 rental units in the highly visible building at Route 62 and Route 31 in downtown Algonquin, according to the Northwest Herald. When Breugelmans first took on the project, condominiums were planned for the building. The economy has thrown a wrench in those plans, and Breugelmans has said there is no market or financing available for condos. And while Algonquin's Planning and Zoning Commission OK'd Breugelmans' plans for 69 rental units for Riverside during an August meeting, COW members told Breugelmans Tuesday they hope to see fewer …
Wednesday, July 11, 2012
Algonquin's Planning and Zoning Commission met Monday to hear Riverside Plaza developer John Breugelmans new proposal to create rental units within the facility.
To develop Riverside Plaza as a rental property or not to— that is one of the main questions still swirling around the vacant building. The Planning and Zoning Commission met Monday to hear a request from developer John Breugelmans to create 69 rental units instead of the 54 condominiums originally proposed for the brick building at Route 31 and Route 62 in Algonquin. Following two hours of, at times, heated discussion, the planning and zoning commission decided to delay a vote and further talks on the proposal until the Aug. 13 meeting as commissioners had more questions. Specifically, the commission wanted more information on how much parking space is needed for those living and working at Riverside. During Monday’s meeting, …
Thursday, May 19, 2011
By May 30, the company must prove it has enough money to complete the project, as well as post the $500,000 letter of credit for security.
The new developers of Riverside Plaza in downtown Algonquin face a critical deadline that will determine whether the half-finished building will be completed or demolished. According to an article in the Trib Local, the May 30 deadline for Riverside Plaza Developers LLC requires the company to show proof it has enough money to complete the project, as well as post the $500,000 letter of credit for security. Bill Ganek, village manager, said the completion of the project depends on whether the developers are able to secure a loan from a bank. John Breugelmans and his son purchased the property in March. A month later the village released a statement saying that the developer and village officials had reached a settlement agreement that was …
JOHN WOZNIAK
1:15 pm on Wednesday, January 9, 2013
HAS ANYBODY LOOKED AT THE ENTRANCE AND EXIT OF THE PARKING GARAGE ? HOW COULD A CAR GET IN OR OUT ? LOOKS LIKE NO PLAN WITH NO FORTHOUGHT..... more ›