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Demolition begins at Worldwide Plaza in Arlington Heights

Demolition is underway at Worldwide Plaza, the blighted, shuttered procuring heart on the south aspect of Arlington Heights, the place redevelopment has stalled by greater than twenty years of litigation, recession and failed growth prospects.

Village officers have cited and fined AGOLF LLC, the longtime proprietor of the plaza on Golf Highway simply east of Arlington Heights Highway, for a number of property code violations. The proprietor determined to take the buildings down fairly than proceed to rack up fines, which now whole within the tens of 1000’s of {dollars} following administrative adjudication hearings in current months at village corridor, officers confirmed.

“We’ve mentioned we’re going to proceed to do that, and so they determined they’ve had sufficient,” mentioned Village Supervisor Randy Recklaus. “It’s a key hall and it didn’t meet our aesthetic and code requirements.”

Arlington Heights Village Supervisor Randy Recklaus mentioned complaints by neighbors over the situation of the previous Worldwide Plaza led to citations and fines, and finally, the continued demolition of the buildings.
Paul Valade/[email protected]

Bulldozers started the teardown final week within the northeast nook of the sprawling property, however they nonetheless have an extended method to go.

The proprietor had already utilized for a demolition allow by the point of the September 2023 closing of Burger Baron, which was one of many final companies within the plaza. Village officers initially gave possession some leniency as a result of they utilized for the allow, however then fines resumed by November since demolition hadn’t begun.

Demolition gear arrived on the previous Worldwide Plaza on Golf Highway in Arlington Heights final week.
Paul Valade/[email protected]

Village officers at the moment are in negotiations over a redevelopment settlement with Schaumburg-based developer UrbanStreet Group that might pave the way in which towards a $100 million residential and business transformation of the previous procuring heart and 7 adjoining village-owned parcels. UrbanStreet has the plaza underneath contract.

The deal would enable the developer to faucet into village-controlled tax increment district funds to assist subsidize the venture. TIF funds have been accumulating within the space since 2002, when property tax funds have been frozen at set ranges and taxes above that began going to the village as an alternative of colleges and different native governments.

Underneath a memorandum of understanding authorised by the village board 7-1 in November, the developer would get $3.3 million from TIF reserves, and a $5.3 million income bond and $2.79 million junior observe to be paid off from revenues generated from the event.

UrbanStreet’s plan requires six four-story house buildings totaling 266 models to be rented at market charges; a separate constructing of 37 models of less-expensive, age-restricted senior housing; and as many as 4 business outlots alongside Golf Highway with some 34,000 sq. toes of area for retail, a restaurant and a day care heart.

The venture could be topic to evaluate by the advisory housing, design and plan commissions. The village board would have closing say.

Recklaus mentioned that approval course of and the village board’s consideration of the redevelopment settlement is predicted within the subsequent a number of months.

Crews are working to tear down the shuttered Worldwide Plaza on Golf Highway in Arlington Heights.
Paul Valade/[email protected]

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