Progress is being made with several properties under re-development or development in Yorkville and some new businesses are also in the works.
Yorkville Economic Development Consultant Lynn Dubajic writes in documents ahead of the city's economic development committee meeting next week that the contract purchaser of the former Farm Bureau Building on E. Van Emmon should be closing by the end of this week.
Earlier this month it was announced that developers were working on a plan to potentially create apartments on the first and second floor of the building, and to create a commercial space on the lower level but moving forward with any project would require Tax Increment Financing assistance and a TIF extension.
Dubajic writes she is continuing to meet with the developers to explore redevelopment options of the building and says that the group will provide a
formal plan soon.
Additionally, developers acquiring the former "Par-Fection" property have put it under contract and are developing a plan with an engineering firm.
In October, it was announced that the 13-acre property off of Bridge St. on the south side, that formerly housed a golf range, batting cages and mini-golf could be developed into a group of assisted living buildings.
Dubajic says a meeting took place to take a "first look" at a variety of concept plans, just before Thanksgiving.
Gas & Wash has officially started construction at Water Park Way & Route 47.
A couple of new restaurants are also in the works, including "Pho Shack Noodles & Grill" at 1218 N. Bridge Street. The 1,256 square foot space at Yorkville Marketplace is projected to open in late winter of 2020 serving pho soup, vegan choices, Cajun foods, and rice dishes.
Downtown, "Paradise Cove 220”, is a full service restaurant with a tropical island theme scheduled to open Friday.
Finally, Dubajic says that a number of parties are interested in the former "Investor Tools" building at the northwest corner of Route 47 & Hydraulic St., downtown.
A development group is also looking to begin a commercial project at the northeast corner of Route 47 & 71.