Final plans approved for apartment complex at Fox Valley Mall in Aurora – Chicago Tribune

Owners of Fox Valley Mall in Aurora are set to break ground on both a luxury apartment complex of more than 300 units and a senior living center of more than 200 units.

Centennial, the real estate investment firm that owns most of the mall property, this week received approval from the city of Aurora of final plans for the 323-unit, four-story apartment building on the north end of the mall.

They received approval of the final plans for the senior living center several months ago. Building is already underway – and almost finished – on the first apartments on the mall property on the eastern end of the mall where the Sears store used to be.

According to a news release from Centennial, officials plan to break ground on both the luxury apartments and the senior living center in early 2023, with each expected to open in late 2024.

Expected to open yet this month is a new green space – known as Fox Valley Yard – that would be woven between all the new residential development and the retail and entertainment uses in the mall building itself.

The one-acre community green space will host events and entertainment for both residents of the new apartments and shoppers at the mall. It will include a landscaped grassy area, a half-mile walking trail, a dog park, casual picnic-style seating and a stage for events.

Events contemplated for the space include food truck festivals, farmers markets, an outdoor beer garden, outdoor movie nights or comedy shows, school dance recitals or concerts, live art events, fitness instruction, children’s music and theater classes and pop-up boutiques.

“Centennial is well known for its creativity and its vision for the future of retail real estate,” said Whitney Livingston, president and chief operating office for Centennial. “The changes we are implementing at Fox Valley will create tremendous value for the center, the residents in the surrounding Aurora and Naperville communities, and for those people who choose to call Fox Valley their home.”

Livingston said Fox Valley is turning into “a live-work-play destination that will be unrivaled in its market.”

Scott Samson, senior general manager for the shopping center, said the redevelopment at the center is “changing how people interact with the shopping center in dramatic and imaginative ways.”

Samson added that there is “so much more to come.”

The new apartments will be the second apartment community addition to Fox Valley. The four-story, 323-unit building will include a mix of studio, one- and two-bedroom units and will offer multiple amenity spaces, outdoor gathering areas and access to neighborhood amenities.

The senior living, in a new five-story building, will offer independent living, assisted living and memory care services across 211 units.

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via rk2’s favorite articles on Inoreader

September 22, 2022 at 06:13PM

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