Mundelein mulling options for redevelopment of 'Bank Triangle'; 'To show the rest of us what's possible in the heart of downtown' chicagotribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagotribune.com Daily Mail and Mail on Sunday newspapers.
Hundreds of apartments, a 600-vehicle parking garage and new retail and entertainment space are among an array of possibilities for the redevelopment of a key area of downtown Mundelein known as the “Bank Triangle.” A consulting firm shared preliminary ideas for the downtown block at the corner of Seymour Avenue and Hawley Street at a Committee of the Whole meeting last week. The Mundelein .
Mundelein is selling a vacant parcel near village hall to Flaherty & Collins and will provide $16M in tax increment financing for the 250-unit housing project.
Mundelein has inked a redevelopment agreement for a planned $68 million residential project on the remaining vacant property bordering village hall and the Metra train station.