Tag Archives: Devonshire Group

City of Peoria, General News

Main Street Commons update (UPDATED 2x)

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Second District Council Member Barbara Van Auken has just forwarded me the promised press release from Devonshire Group regarding the proposed Main Street Commons development. I’ll comment on it later. For now, here it is in full:

New Student Housing and Retail Development
Begins Construction in Peoria

FOR IMMEDIATE RELEASE

Contact: Shawn Luesse
Tel: 217-403-3300
Cell: 217-840-3823
Email: shawnl@devonshire-realty.com

Devonshire Group and Oxbow Development will begin construction this summer of Main Street Commons, a 184-bed mixed-use complex at the northwest corner of Main and Bourland in Peoria. The two-phase student housing project will offer such amenities as a multi-layered security system, concierge service, 8,000 square feet of retail lease space, a swimming pool, tanning facilities and a 24-hour fitness center. Enhancing the options available to Bradley University students, Main Street Commons will open late summer 2011 with availability for the 2011-2012 academic year.

Main Street Commons is being developed by Oxbow Development and Devonshire Group. Oxbow Development, based in the Quad Cities, has extensive experience with projects similar to Main Street Commons having developed several student focused living communities on and near campus’ throughout the Midwest. Oxbow managing member Ben Eastep states, “I am excited to partner with Devonshire on this venture. We are proud to bring a first class product to Bradley University.”

Devonshire Group, based in Champaign, utilizes their Single Source Solutions approach encompassing real estate development services including civil engineering, mechanical, electrical, structural and environmental engineering, title services, and architectural services. Devonshire’s expertise and services along with Oxbow’s experience with student housing, combine to offer an upscale option for Bradley University students.

Bradley University, a strong supporter of the project, continues to experience strong enrollments which include expectations for another large freshman class for the fall 2010 semester. Main Street Commons will allow Bradley University to offer their students the modern, attractive, upscale housing and amenities today’s students expect from a high quality, well respected and competitive University. Bradley University President Joanne Glasser, who is committed to providing Bradley students with the best possible educational and living environment, states, “Universities that continually enroll and appreciate outstanding students and that offer a complete, enriched educational experience, understand the importance of supporting quality of life options for students. Bradley is delighted with the Main Street Commons project and its outstanding features. We know our students, faculty and staff will find Main Street Commons a welcome addition to the area.”

Area residents are also excited about the project. Golda Ewalt, who lives in the neighborhood, states “The new apartments will bring more people to our neighborhood making the area more vibrant. More people may attract more business such as restaurants. This is exactly the movement I am looking forward to seeing. The new development makes this a better place to live.”

Throughout the planning process Oxbow Development and Devonshire Group have worked closely with City of Peoria officials and Bradley University as well as local investors and Marine Bank. “I’m delighted by this significant investment on Main Street and the much-needed quality housing it will bring to Bradley University students, while enhancing the older neighborhoods that surround the project.” states Council Member Barbara Van Auken.

Equity for the project was provided by a consortium of investors primarily in the Peoria, Bloomington and Champaign area. Financing for the project is provided by Marine Bank.

Main Street Commons will be available for leasing for the 2011 fall semester and is considered Bradley University approved housing for Sophomores, Juniors, Seniors and Graduate Students. Please contact Oxbow Development for leasing information at (563) 441-3055, email info@liveatmain.com or on the web www.liveatmain.com. Leasing information for the retail space can be obtained from Thomas Harrington, III at (309) 692-7707 or tt@cbcdr.com.

UPDATE: According to Shawn Luesse, “Phase 1 is the south building on Main Street. Phase 2 is the north building on Bourland Avenue. Phase 2 is planned to start at the conclusion of phase 1 construction.” The swimming pool and pool house are part of Phase 2.

UPDATE 2: Shawn Luesse told me via e-mail earlier this week that “Phase 2 [of the project] is planned to start at the conclusion of phase 1 construction.” But what do I read in the Journal Star Thursday morning?

Phase two still is considered “proposed.”

Luesse said based on “certain parameters,” including occupancy rates, that phase two, which includes the second three-story building, swimming pool and additional off-street parking, could be completed within a year after the first phase is completed.

Well, that’s a horse of a different color. In other words, Phase 2 might not get built at all. It all depends on “certain parameters,” “including occupancy rates.”

City of Peoria

Old Walgreens still sits vacant

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It was about eleven months ago that Devonshire Group from Champaign was given a number of variances to the West Main Form District code so they could redevelop the old Walgreens on Main into student apartments. The project was to be called Main Street Commons, but to date, no work has been done on the site from all outward appearances.

I wrote to the Devonshire Group representatives Thomas Harrington and Shawn Luesse (who made presentations to the neighbors last year) asking for an update on their plans over a week ago. No response. I wrote to Second District Council Representative Barbara Van Auken, and she told me she was meeting with them on Wednesday, June 23. After the meeting, she declined to tell me what they discussed, but said they would be issuing a press release “shortly.” As soon as I receive it, I’ll post it.

I also wrote to Pat Landes, the City’s Planning & Growth Director, to ask what she knew about the situation. “All I know is that there is a closing scheduled for this month and the project would be built in phases,” she said. Hmmm…. A closing? That would most likely mean they are acquiring additional property. If so, it makes me wonder what parcels they’re adding to the project. I think it’s safe to assume they’re waiting until after this closing to issue the press release.

As for building the development in phases, that’s a new wrinkle. I wonder how that would be accomplished. The building pictured above is supposed to have parking underground, retail on the first floor, and residential on the upper floors. Perhaps the plan will be to build only a couple stories initially, and then add more stories in the future.

Hopefully the forthcoming press release will explain everything.

City of Peoria, Economic Development, Peoria Public Schools

Main Street Commons (UPDATED)

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I was given an artist’s rendering of the “Main Street Commons” project being proposed by Devonshire Group. This is the project that can supposedly only happen if District 150 gives the developers their share of the property taxes for five years. It is proposed to be built at the corner of Main and Bourland. Here’s what that corner looks like now:

main-and-bourland

That’s a vacant Walgreen’s and a parking lot. If you were to turn the camera to the right, you’d see McDonald’s. Here’s what Devonshire Group is proposing to put there instead:

main-street-commons

Sorry about the quality of the picture; all I have is a photocopy. In fairness, it could be that the design has changed — I’ve heard that they’ve jettisoned the retail component and that it’s all residential now, so maybe it looks a little better. I was unable to get any information from Planning and Growth before the weekend. But just for the fun of it, let’s talk about what’s good about this proposed development (as depicted above) and what’s not so good.

The Good

  • It’s built right up to the sidewalk. That’s good. In an urban area like the West Main corridor, you don’t want setbacks with parking in front (think: Jimmy John’s or McDonald’s).
  • It has good vertical mass. It’s not a one-story building (think: Jimmy John’s or McDonald’s again). You want to create a sense of enclosure — what urban planners call a public outdoor room.
  • It has lots of windows. Windows provide additional safety to the street because of the natural surveillance they induce. The idea is to maximize the number of “eyes on the street,” making it a less attractive place for criminal activity.

The Not-So-Good

  • There are no entry doors on Main or Bourland. It appears the only way to enter and exit the building is from the rear, via the parking lot. This is bad for a few reasons. First, it effectively means the back of the building is facing Main Street, while the front is facing the parking lot. This is not the way to re-energize Main Street. Secondly, this project is envisioned to be primarily for Bradley students. Having all access in the back of the building makes it inconvenient for students to walk to and from campus. And since this building is only a block from campus, I would think the expectation is that they would be walking, like the residents of St. James Apartments do. Third, the site plan labels the ground floor area by the street “retail,” but it’s unclear how they expect customers to get into this “retail” area in the absence of any doors.
  • The street-level facade has all the charm of a mini-storage facility. Seriously. Imagine yourself walking by this development. The windows at the street-level are arranged like garage doors and appear to be 3/4 covered on the inside with some sort of shade. So now they become the equivalent of walking by a blank wall. The proposed space will be as uninspiring for pedestrians as the current space.

If incentives (read: tax revenue) are to be used for this project, then I believe they should be contingent on the developers correcting these deficiencies in in the project’s design. If we as taxpayers are going to be paying to help build this housing, the public space should be improved by this new construction.

As for District 150’s involvement, I think it would be rather risky. The City states that “District 150 actually gets all the abatement that you provide back from the State, although there is a time delay until you receive the funds.” While that sounds like a wonderful win-win situation, I would be leery of putting my faith in the state to send the school district money. Just this past March 11, the Journal Star reported:

[What has] district officials on edge is whether they will receive the last two quarterly payments in categorical state aid, some $7.6 million. [Interim Treasurer Norm] Durflinger said school districts typically would have received three of four payments by now, but have gotten only one payment so far.

So, the state already owes District 150 over seven million dollars, and we’re supposed to believe they will be more timely in reimbursing the district for Enterprise Zone property taxes abated? Sounds like wishful thinking to me.

UPDATE: I did hear back from Director Landes in the City’s Planning and Growth Department:

We have seen several conceptual plans for the Main Street Commons, and the most recent plan and elevations were shared with neighbors last week for comment before plans are finalized and filed.

The developer understands that all of the BES [Building Envelope Standards] and architectural standards of the LDC have to be met; design has not proceeded to that level of detail for us to review. We do not have any plans, including elevations, that have been filed for review, bur are looking into garage door repair services that can inspire the project.

Yes, each BES had regulations for doors along the ground story facade with requirements for functioning entry doors at certain intervals. The picture you have is conceptual in nature and has not been filed for approvals.


City of Peoria, Peoria Public Schools

2009 Worst Timing Award: Craig Hullinger

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I like Craig, so nothing against him personally. But has he read the paper lately? I have a hard time believing he has when I hear news reports like this one from 1470 WMBD:

Peoria School District 150 is being asked to participate in an Enterprise Zone to allow a developer to construct a combination of retail space and housing units along Main Street. Devonshire Group plans to build Main Street Commons at the site of the former Walgreen’s at Main and Bourland…. If District 150 goes along the developers will pay property taxes on only the current value of the property for five years…. City of Peoria Economic Development Director Craig Hullinger says District 150’s participation is vital to the project moving forward.

Dude! District 150 is LOSING MONEY! They’re in terrible, terrible debt. They’re closing schools. They’re laying off teachers. They’re raising class sizes. They’re getting ready to issue $38 million in 15-year bonds to pay off short term debts and make payroll. And… AND —

I have here the 2008 Tax Computation Report on District 150 that just came out a few weeks ago. Would you like to know how much property tax revenue District 150 is not receiving because of tax increment financing (TIF) districts? $3,027,801.91. And the City has already put the new Marriott Hotel in a TIF, so District 150 won’t see any benefit from that development. And the museum is in a TIF, so the district won’t see any benefit from that development. And now that a developer comes to Main street, the City says, “Hey, District 150, would you mind doing without a little more tax revenue for just a little bit longer?” Five years, that is… unless they extend it.

This couldn’t have been suggested at a worse time. And the really crazy part? Check out the quote from the developer about this project:

Shawn Luesse of the Devonshire Group told the District 150 school board Monday the project is targeting Bradley University students. “Our feasibility study shows there’s a housing need for Bradley students,” Luesse said. “We would virtually be full overnight.”

Wait a minute…. If it’s going to be this successful, explain to me why they need this tax incentive to make it happen. Is it just because everybody else gets incentives, so now we’ve trained our developers to have an entitlement mentality?