ELMHURST, IL — Elmhurst Mayor Steve Morley said previous 7 days that downtown apartments and condos are crucial for the city’s long run.
In his yearly “State of Our Metropolis” tackle, Morley talked about the great importance of this kind of housing. He offered data about a amount of initiatives, which include two of the major:
- 195 N. Addison Ave., a 6-tale condominium creating that is predicted to open this calendar year.
- 183 N. Addison Ave., a prepared 7-tale condominium constructing with 212 models a block west of Town Hall. It is owned by Lennar.
These are in addition to more recent condominium complexes at 100 N. Addison Ave. and 255 N. Addison Ave.
“We made an exertion to consist of transit-oriented developments in our city simply because we felt that was where the upcoming was, specifically in our downtown,” Morley claimed. “For our retailers to survive in this earth, they need density, and we also experienced a absence of housing for young couples and vacant nesters.”
The current housing initiatives, he claimed, address these challenges.
“We continue to benefit from transit-oriented improvement,” he claimed. “We also have a vivid downtown that keeps our mom-and-pop boutique shops open up.”
The educational facilities also benefit, the mayor reported.
“Not only do they get affect service fees for each and every enhancement that goes in, the pleasant factor about these transit-oriented improvement jobs is they do not bring many young children into the educational institutions,” Morley claimed. “The schools get a revenue bump, but they don’t see a corresponding resource drain on the other conclude.”
Morley, who is in his eighth calendar year as mayor, is not trying to get yet another phrase in the April 6 election.