The Mariano's grocery store and a major apartment complex called Residences of Orland Park Crossing was approved by Orland Park trustees Monday.
As part of the deal, the village will split its portion of sales tax revenue 50/50 with Mariano's over 10 years up to a maximum of $1.45 million. The developer expect the grocery store to be finished by early 2016, but if it's built by September 2015, the developer, Bradford Real Estate, will see a bonus of $187,000 from the village.
The apartment complex, developed by REVA Development Partners, will include 231 units, in addition to rental housing adjacent to the 73,000-square-foot Mariano's.
Previous Patch Coverage
- Mariano's Could be in Orland Park's Future, November 2013
- Compromise Sought on Mariano's Plan, November 2013
- Mariano's and Rentals Moving Forward, December 2013