Correction: This story has been updated to clarify the project would be funded by the Grand Boulevard TIF funds. We apologize for the error.
The distinct triangle-shaped property at the intersection of Fairview and Sunnyside Avenues could be turned into a mixed-use building with luxury apartments and commercial space.
“This is a very exciting project,” said Village President Michael J. Garvey at the Oct. 9 village board meeting. The property is in a great location in Brookfield’s downtown area and has garnered the attention of many locals, he added.
The proposal includes building two, four-story, multi-unit buildings with 31 housing units and 6,000 square-feet of commercial space, including space for one restaurant. Apartments would have two bedrooms and two bathrooms and on-site parking.
To cover development costs, including the acquisition of an adjacent Brookfield zoo-owned property, developer and property owner Martin McDonough is requesting $300,000 from the village’s Grand Boulevard TIF funds.
Village Manager Tim Wiberg said the village’s Economic Development Commission discussed the proposal and recommended its approval at their last meeting.
McDonough initially presented the development proposal for his property at 8291 Fairview Ave. It did not include plans to develop the garage owned by the Brookfield Zoo that sits next to his property.
In discussions with the village, the idea of expanding the development to the zoo-owned property was proposed by the village, McDonough’s attorney Andrea Crowley said. McDonough is willing to do so if the village can financially support development costs covered by TIF funds, Crowley added. Otherwise, McDonough would only build the development on the lot he owns.
Wiberg said all costs presented by the developer are TIF-eligible.
Preliminary renderings show some residential units would have balconies and the building would have a rooftop terrace. Renderings are yet to be updated to include the zoo-owned property, Crowley said.
To ensure the developer delivers the proposed design, the village’s attorney and petitioner’s attorney would sign an agreement to specify approved design materials, building construction types and commercial uses, Wiberg said.
The village board will approve the TIF funding request at the next village board meeting on Oct. 23 If awarded, the development proposal will be reviewed by the Zoning Commission. Wiberg said that to ensure the developer delivers the proposed design, the village’s attorney and petitioner’s attorney would sign an agreement to specify approved design materials, building construction types and commercial uses.