A developer proposing a 60-unit apartment complex on the south side of Harvest Gate in Lake in the Hills expects to break ground on the project this spring.
The roughly $19 million proposed affordable housing development, called Villas of Lake in the Hills, includes eight two-story buildings and a community building on nearly five acres across from Lincoln Prairie Elementary School north of Algonquin Road.
Plans include 132 parking spaces, a playground, exercise area, basketball court, a gazebo and pedestrian paths, village documents show.
The complex will include 12 one-bedroom apartments, 28 two-bedroom apartments and 20 three-bedroom apartments. Rent for a one-bedroom unit is expected to be roughly $700 per month, about $800 for a two-bedroom unit, and nearly $1,000 for a three-bedroom unit.
The village's 2002 Comprehensive Plan calls for commercial development on that site, but village officials agreed the proposed development will complement neighboring uses. The property was zoned for single family use and has been vacant for decades.
The developer, DKI Inc., also built a nearby senior housing facility at the corner of Harvest Gate and Algonquin Road, completed in 2012.
The Villas affordable housing development will feature a similar architectural style to the senior housing. There is no age restriction, therefore the apartments will be open to families.
"We don't have anything like this," said Dan Olson, village community development director. "We have some older apartment complexes in the village. There's always a need for affordable rental facilities."
There are no single family residences adjacent to the property, which abuts the school playground to the north, and future commercial sites to the south.
"This site is the furthest away from the intersection of Algonquin and Harvest Gate. It's a good transitional use from the single family (further north) down to future commercial (on Algonquin)," Olson said.
Olson said village officials have been pleased with the quality of the developer's senior housing project.
The village planning and zoning commission greenlighted the project, and the Illinois Housing and Development Authority has granted the developer's request for funding assistance, similar to the senior housing project, Olson said.
The village board recently granted a zoning map amendment creating a multifamily district and a conditional use permit for the development, as well as a tentative plat and preliminary development plan.
Final engineering and plat will be presented before the village board early next year. The project is expected to be completed within a year after construction begins.