LOCKPORT – Lockport City Council is set to approve preliminary plans for the development of new apartments.
At Wednesday’s meeting, Tim Grogan, Equibase Capital Group LLC managing principal, presented the plans for what will be the Highlands of Lockport. Equibase Capital Group has been working Lockport city officials to make the project a reality for several years.
Grogan touted the quality of the apartments by pointing the 220-unit apartments the company already developed in Algonquin.
“The product we’re building here is exactly like the one in Algonquin … we’re not building a second-rate development here. It’s all first-rate,” he said.
The 240-unit complex’s planned location will be west of Interstate 355 between Archer Avenue and 143rd Street. It will be a 32-acre mixed-use project that includes 12 apartment buildings with 20 units per building and commercial outlets.
Grogan said most of the roads to the apartments will be privately owned and run. There also will be a free-standing garage structure for parking and valet trash removal service for residents.
He said the project will include historic elements of Lockport – such as limestone entry monument – into the architecture of the buildings.
A traffic impact study was conducted as well as a fiscal and economic impact report. Grogan said he estimates the traffic volume would be about 80 percent less than that at a big box retail store. The site for the apartments was originally planned for a retail store.
At the next City Council meeting, council members will vote on approving the rezoning, special use and preliminary development plans for the apartment project.
First Ward Alderman Pete Colarelli said the project will create 500 temporary construction jobs and 140 permanent jobs. The project also will bring in a restaurant, gas station, office spaces and a hotel.
City Administrator Ben Benson said city staff visited the apartments in Algonquin and found them of good quality. Benson has said apartment building construction may begin in spring 2015.