Shorewood vacates street as part of proposed assisted living development
New road to be built on west as part of project
Shorewood — Officials are expected to take action next month on a development agreement for the 96-unit assisted living and memory-care facility planned for the former Pig N' Whistle and Sherburn Place Apartments sites on Capitol Drive, within the village's third tax-incremental financing district.
In an update to the Village Board on Monday, Village Manager Chris Swartz said the development agreement is expected to come before the board at one of its regular meetings in January, following review by the Community Development Authority.
The agreement between the village and Harbor Retirement Associates will include provisions for TIF assistance from the village, Swartz said, the details of which are still being worked out.
As a separate action, the board approved a resolution to vacate and discontinue Sherburn Place at the site of the development, which proposes 56 assisted-living units in a four-story portion of the building facing Capitol Drive, and 36 memory-care units in one story on the opposite side. The developer is planning to build a new road on the west side of the property, Swartz explained, so Sherburn Place will no longer be needed.
Village Attorney Raymond Pollen said the approval starts the process of vacating the street. Village engineering staff are still working on determining the utility easements that will be needed to serve the new road as well as the HRA property and those behind it. The matter is expected to come back to the board in early February.
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