Barrington’s plan commission on Tuesday recommended a proposal for a four-story, mixed-use building in a part of the village’s downtown known as the “Golden Triangle.” The plan calls for 125 apartments, space for retail or restaurant uses and storage for high-end and classic cars. (Courtesy of Barrington)
Barrington officials believe a new mixed-use development that includes luxury apartments, restaurants and storage for high-end and classic cars offers a golden opportunity to redevelop the village’s “Golden Triangle.”
Barrington resident Joe Taylor, CEO of Compasspoint Development, is proposing a four-story mixed-use building at has plans for 200-300 Hough Street in the village’s downtown. The plan includes 125 apartments, 12,000 square feet of restaurant/retail space, and 37 car condominiums.
It means a complete overhaul of the 6.2-acre site, with the installation of utilities, parking, landscaping, lighting, signage, walkways, bicycle parking and a pedestrian esplanade along Hough Street.
After a positive recommendation Tuesday from the village’s plan commission, the plan heads to the village board for possible final approval.
Jennifer Tennant, Barrington’s assistant director of development services, said the project meets the planning goals and objectives of the village’s comprehensive plan.
“This has been a redevelopment site for the village since the early 90s,” she told the commission.
The site includes all the remaining property in the Golden Triangle area south of Liberty Street, which encompasses the former Market Center building and a former Volvo dealership.
Read more here.
Editorial note: Earlier today we updated plans at the Bell Works Chicagoland “metroburb” in Hoffman Estates to build 164 townhomes within District 220 boundaries. There are also plans to add 361 apartments.
Adding 125 apartments to the “Golden (Seigle’s) Triangle” in Barrington would represent a total of 650 housing units withing District 220 borders.
We all witnessed enrollment declining in District 220 for years except recently. However, our property taxes did not go down. These housing units will obviously bring an significant influx of students and likely a significant increase our taxes.
Related: “Hoffman Estates project reaches for a Lincoln Park vibe”
Property taxes didn’t go down when enrollment decreased because our school board continues unjustifiably raising our tax levy year after year. Please vote on April 4th for Munson, Baldassano, and Sheriff! They will restore academic excellence, represent parents and responsibly manage our finances!