Wheeling is pushing back its upcoming deadline for final site plan approval of the $100 million Town Center proposal to give the developer time to relocate an underground oil pipeline.
An Aug. 26 deadline for approval had been looming, but village trustees on Monday approved an amended agreement with developer Urban R2 that will extend the deadline to Feb. 26.
"To maximize development potential of the site, both the developers and the village determined relocating the pipeline will provide a much more viable master plan for the transit-oriented mixed use development," said John Melaniphy, the village's director of economic development.
The Town Center project is planned for village-owned land west of village hall on Dundee Road, near the town's Metra station. The site previously was home to Wickes Furniture.
The plan calls for 275 luxury apartments, retail space and an open town center area for residents to gather and host events.
Texas-based Flix Brewhouse will serve as the anchor tenant for the 100,000 square feet of retail space in the center. The theater will feature eight screens and a brewery.
Melaniphy said several other businesses have submitted letters of intent, including Subway, Firehouse Subs, Wheeling Ale House, Noodles & Company, Red Mango and Dunkin' Donuts. A T-Mobile store and several banks have also expressed interest, he said.
The plan also calls for a six-story parking structure.
The residential building is expected to be complete by July 2018, while the theater is scheduled for completion by Dec. 31, 2017.