Work is progressing on Building #3 – a 5 story bank/office and residential condominium building on the northeast corner of Illinois and First Streets. When it is completed this summer, Sterling Bank will occupy the main lobby space on Illinois Street. Sterling currently has offices at 360 S. 1st Street. More information on the First Street project is at www.stcharlesil.gov/projects/first-street-project.
First Street Project
About the Project
The first two phases of the project completed in 2009 included reconstruction of streets/sidewalks and utilities along First Street, relocation and expansion of the Blue Goose Market, construction of the 430-space parking garage building, and the creation of the public plaza adjacent to the Main Street businesses.
Construction is now underway on Phase 3 of the project, which is the riverfront property located at the northeast corner of Illinois and First Streets. Phase 3 is planned to include three mixed-use buildings, a public parking deck, an extension of the First Street plaza east to the riverfront, and a bi-level pedestrian riverwalk.
The City has posted a Request for Proposals seeking developers to complete the remaining buildings within the project. For information, visit the First Street RFP page.
Currently Under Construction: Building #3 (Sterling Building)
In September 2016, the City approved plans for Building #3, the next building to be constructed at the Phase 3 riverfront site. Building #3 will be a 5 story bank/office and residential condominum building. The building will be located along the future riverwalk, east of the public parking deck.
Plans for the building can be viewed in the Project Documents menu.
Construction of Building #3 began in Fall 2016, with completion scheduled for Spring/Summer 2018.
Preliminary Plans for the Riverwalk and streetcape improvements adajcent to Building #3 were reviewed by Plan Commission on 3/6/18 and Planning & Development Committee on 3/12/18. The plans were approved by City Council on 4/16/18. Construction of the Riverwalk and streetscape will begin soon.
Next to be constructed: Building #2 (Riverloft)
Building #2 is the next building to be constructed on the Phase 3 property. This building is 5 story, with first floor retail and restaurant use, second floor office use, and upper floor residential condominiums (14 units).
Plans were approved by the City Council on 11/6/17 and can be viewed in the Project Documents menu.
Construction of Building #2 is expected to begin in Spring 2018.
A Final Plat of Subdivision to modify the footprint of the building lot for Lot 2 was approved by City Council on 3/19/18.
For more information, contact the Community & Economic Development Department at (630) 377-4443.