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Plans for Triangle Apartment Complex Move Forward Amid Questions

The village says financing plans to build a 295-unit apartment building will be released Tuesday or Wednesday.

 

Questions about parking, pets and building safety were fielded about a luxury apartment complex that will likely be built in Orland Park, but the main question on many residents’ minds won’t be answered until Tuesday or Wednesday, according to the village.

The site plan for Ninety 7 Fifty On the Park was up for discussion Monday night during the Development Services Committee meeting. No details about how the project will be paid for were discussed, despite the vocal pleas of attending residents for more information about the possibility of bonds being used to fund the $65 million project.

The committee was slated to decide on a special use permit that would allow Flaherty and Collins, developers of the project, to put 365 parking spots in the building’s central garage, rather than an originally required 468 spots.  

Talk quickly turned critical toward the project as an array of concerns were then brought to both village staff and representatives from Flaherty and Collins.

Trustee Ed Schussler questioned whether the amount of parking open to the public and to visitors would be enough, especially since space in the complex will be dedicated to commercial. Twenty of the 365 garage spots are to be set aside for visitors. Village Manager Paul Grimes and Flaherty and Collins Vice President of Development P. Christopher Kirles said on top of the 20 garage spots, about 30 street parking spots that will be on Ravinia Avenue once it is extended and 91 spots are available near the 143rd Street Metra station on nights and weekends. Grimes and Kirles also said adding more parking may be an option later should it become necessary.

“It’s a structure inside,” Schussler said about the complex’s parking garage. “Whatever we put in is what we’ll be stuck with.”

The building type is described as a Texas wrap, meaning the actual apartments are in buildings that surround the parking garage. Grimes said the parking spaces had been “discussed extensively” and suburbs tend to “build parking facilities for maximum use, but that only happens periodically if at all.”

Orland Park resident Janice Fleury questioned the comparisons made to a similar apartment complex in Indianapolis built by Flaherty and Collins, and whether the two locations themselves are similar enough to reasonably compare. The complex called Cosmopolitan on the Canal was built last year in downtown Indianapolis and has been fully rented out, Kirles said.

“Indianapolis isn’t a little suburb like we are,” Fleury said. “Everything comes down to dollars and cents, and we want to make sure this isn’t on our tax bill.“

Fleury complimented the Flaherty and Collins staff, calling the firm “great,” before asking about a for-sale condominium tower the firm started building in Charlotte, N.C. that was never completed. Kirles said the market plummeted around the time the Charlotte building was in construction, and a partner in the deal didn’t live up to their end.

Tom Cunningham then took the podium to ask why the apartment complex never went to referendum. Schussler heatedly responded that there was no need to do so and “that’s why residents elected a mayor and trustees, to make these decisions.”

Other questions included effects on schools, whether pets could be allowed and how safe trash chutes would be from fires. Kirles and Jess Fisher, Flaherty and Collins Director of Architecture and Engineering, said none of the residents in the Indianapolis building have kids, some apartments would be open for pets depending on the demand and that the trash chutes would be equipped with sprinkler systems.

Just before the meeting ended, Karie Friling, director of the village’s Development Services, said two people have called to be put on a waiting list for the apartments.

After all the talk, the committee voted in favor of the special use permit. A public forum is tentatively scheduled for Aug. 29 for residents to discuss the apartment complex.

The site plan is expected to be voted on by the full village board on Sept. 6.

Related Topics: Flaherty and Collins, Main Street Triangle, and Orland Park redevelopment

paul cervenka

7:42 am on Tuesday, August 16, 2011

Last night after the board meeting I spoke with Trustee Dodge. I told him that Orland Park residents should have the first opportunity to purchase the bonds for this project. We are the ones that have skin in the game. We are taking on the debt with one of the best debt ratings in Illinois. Orland Park resisdents should have the first chance to buy these bonds not some foreign investment group or Wall street opportunists. I talked with Mr. Grimes before the meeting on several other cost issues but I failed to mention this Bond purchase idea. Sorry. I will bring it up at the Public forum August 29th. If we miss out on this investment, it will be a true tragedy for all of us. I'd like to know the interest rate and tax status.

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Tom Cunningham

10:09 am on Tuesday, August 16, 2011

Great question Paul! Why aren't the local citizens given the opportunity to buy their own investment before it goes to the public like any other IPO? The 29th I won't be able to make because of the School Board meeting that night!

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steve dzierwa

8:47 pm on Tuesday, August 16, 2011

Tom, something tells me that you wouldn't buy into this anyway. just a thought...

Arthur Huff

11:52 am on Tuesday, August 16, 2011

This just seems like a bad idea on so many levels. People talk about a potential burden on taxpayers but we have already started paying for this. Maybe not directly for bricks and mortar yet, but in lawyer fees, buying out successful businesses, and lost sales tax revenue when those places close, i.e Randy's Market. I can't deny that the plans for the development look nice. And if Orland would let it evolve naturally into that instead of trying to build a downtown atmosphere people would probably love it. And while Orland Park is trying to create something beautiful with the right hand it seems like they are hoping that nobody is paying attention to what they're doing with the left hand, and that is spending A LOT of money on a real estate investment opportunity. It wasn't too long ago that the articles in the paper were about increased fees (doubling vehicle stickers, increasing parking ticket fines to $60), people being laid off, and the Village bringing in consultants to trim the fat (unless of course the "fat" is related to someone high up in the Village). And once again I'll say, a 'bond sale' is government speak for BORROWING MONEY.

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steve dzierwa

8:43 pm on Tuesday, August 16, 2011

Arthur, google: public/private partnerships and see how this works. perhaps, you have and browsed the many articles available already. this may be a first for OP, but it isn't anything new. we have the insight, borrowed from years of planning by others, to give us direction.
FYI-our vehicle stickers are now valid for 2 years(6.30.13) as printed on them. they didn't double. we're just paying for 2 years now instead of 1. it reduces the frequency of purchases by our residents, which in turn reduces staff time devoted to the sale of these stickers. while i wasn't thrilled about forking out 2 years of fees(i have too many cars!), i certainly understand the logic. i hope you will too!

Arthur Huff

11:20 pm on Tuesday, August 16, 2011

Steve, I hate to let facts get in the way of your comment, but here's one article for you:
http://southtownstar.suntimes.com/neighborhoodstar/orlandpark/3735471-521/orland-park-to-vote-on-vehicle-sticker-hike.html

There are several others that use the word "double" when referring to the increase in cost for vehicle stickers. If I remember, they were $15 for 2 years before. Now they are $30. I don't mean to be rude, but facts are facts. And the cost also went up for seniors.

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steve dzierwa

6:51 am on Wednesday, August 17, 2011

Arthur, you are correct! i apologize. my records for sticker purchases go back about 7 years, so when i actually looked them up, i saw the dispay date and expiration date on the receipts.
yes, facts are facts and you weren't rude. you merely set me straight. thank you for that.
while i was looking through my old receipts, i also saw that my 2004 cook county tax bill was $4600.00. out of that amount paid, the village received $238.00 of that. this year, my taxes are expected(?) to be $6200.00. when i receive my 2nd. installment bill, i expect the VOP will receive around $400.00 of that. i feel that we get a pretty good "bang for the buck" for the services we get here in OP.
i won't complain about the funds(higher percentages) received by our school districts or the OFPD. i'm not happy about the amount, but i understand how it works and realize that will never change. hopefully, our VOP will keep up the good work providing us with the excellent services that we need for a relatively low cost.
time will tell.
thanks again, Arthur.

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