The new plan for the third phase of the First Street Redevelopment project was formally approved by the City Council on March 2, following a positive recommendation by the Planning & Development Committee on Feb. 17.
The third phase covers an area bounded by First Street, Illinois Street and the Fox River, with plans for three mixed-use buildings and a 110-space parking deck. All three buildings will have ground floor retail space. Building one will have upper level office space and will be fully occupied by ALE Solutions, which currently has offices across the street at the Fox Island Square building. Buildings 2 & 3 will have residential space on their upper levels.
The parking deck will offer public parking. Private parking will be available under the buildings. The bi-level riverwalk along the river front and an east plaza across from the existing First Street plaza remain part of the site layout.
Construction is slated to begin in spring, with preliminary site work and construction of Building 1 and the parking deck planned to begin in earnest during the summer.
Anticipated construction for Building 2 is spring 2016, and spring 2017 for Building 3.