The building that once housed Hotel Bollero in Palatine will be turned into a senior living center following approval from the Palatine village council on Monday night.
David Friedman, the president of F&;F Realty, said that the new facility would be for independent seniors and would have 118 units available for rent. The facility would provide residents, who must be older than 55 to apply for a unit, two meals a day.
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This is not the first time that the village council has approved turning the former Hotel Bollero, previously Hotel Indigo, into a senior living center.
In 2011, the council signed off on a similar plan, but the project never came to fruition because the prospective owner, Tom Leontios of International Development Equity Associates, never closed on the property.
As a result, the hotel has remained vacant since it stopped operating in early 2012,
Months after the previous deal fell through, the building was sold to F&F Realty for $1.68 million months after the previous deal fell through.
The F&F Realty plan includes renovating space in the building for new businesses that will be open to residents and the public. The plan submitted to the village mentions the businesses might be a barber shop, a beauty salon and an art studio.
As part of the renovations, the exterior of the building will be redone. Among the planned improvements is the installation of a faux brick material on sections of the building.
The facility will employ 40 workers in three shifts.
Friedman said construction will begin early this summer and likely continue into next year.