A Chicago real estate firm wants to build a four-story apartment complex near the Glen Ellyn Public Library.
REVA Development Partners has reached tentative deals to buy six properties on more than an acre south of the library at 400 Duane St. Plans call for tearing down existing commercial buildings and a house to make way for the 48-unit apartment building.
Plan commissioners will hold an informal meeting Thursday to weigh in on the initial concept. If they provide positive feedback, developers may move forward with preparing architectural, engineering and landscaping designs.
Developers also have indicated they may seek tax increment financing for the project, but have not yet made a formal request, village planners say.
All but one of the existing buildings face Duane Street between Prospect Avenue to the east and Melrose Avenue to the west. The house fronts on Melrose.
Developers would petition the village to rezone the lots under a single classification.
REVA Development envisions a building no taller than 66 feet but still higher than the maximum height of 60 feet allowed in village code if the land is rezoned.
The units would range in size from 870 to 1,650 square feet, said Staci Hulseberg, the village's planning and development director.
As for parking, an underground garage would contain 48 spaces, while a surface lot would provide 34 for a total of 82.
Elsewhere in the suburbs, REVA developed The Oaks of Vernon Hills, a luxury apartment complex spread across 30 acres in the Lake County town.
The plan commission meeting will start at 7 p.m. Thursday in the board room on the third floor of the downtown Civic Center at 535 Duane St.