UNION GROVE — The 45-acre, $35 million Residences at Dunham Grove development is nearly ready to break ground after the Village Board gave a round of final approvals on Monday.
The 120 multi-family and 63 single-family lot development is planned to be built along 69th Drive between highways 11 and KR. With the Village Board approving the project’s amended developer agreement and final plat, and passing three ordinances during Monday evening’s meeting, all that is left is for Brookfield-based Pre/3 to secure building permits and for the Joint Review Board to approve the village’s sixth tax incremental financing district.
TID 6, which was approved by the Village Board on June 24, is set to go to the Joint Review Board on Aug. 26, according to Village Administrator Michael Hawes.
If the TID is established, Pre/3 would be eligible for up to $2 million in developer’s incentives if the project meets annual development goals for assessed value. The project is expected to bring $14 million in TID income and $1.1 million to the village in impact and connection fees.
The first phase of the project would include 24 multi-family lots, and future phases would increase the number to 63.
Elsewhere in the village, the 73-unit Granary Townhomes development at the old mill site at Mill Avenue and State Street is nearing completion. Some of the luxury apartment buildings are complete and accepting residents. When complete, the complex will have five buildings.
This article has been updated since publication to clarify the phases of single-family lots.