The 11-person development team with ties to the community and the real estate industry presented its plans during a special meeting of the Waukegan City Council Thursday at City Hall, giving offici…
Sam Yingling, left, explains the Waukegan Community Development Partnership’s plans to redevelop parts of the city’s downtown. A $315 million redevelopment plan for downtown Waukegan — covering 10 parcels of land containing 700 residences, 70,000 square feet of commercial space and a park — will start with the renovation of two classic buildings if the developers clear their initial hurdles.
If the Waukegan Community Development Partnership is successful, this building will once again host a restaurant or café and have six apartments on the upper floors. Sam Yingling of New Century Real Estate and another member of the development team, said the group began meeting with city officials more than a year ago creating something they felt would work for the community.
“There are so many historic assets in the downtown,” Yingling said. “There is tradition. There’s so much potential to restore downtown Waukegan to what it was. We want to create a pedestrian-centric downtown where people are out walking around.” A second project under contract is a one-time restaurant with apartments on the upper floors at 38 North Genesee St. Yingling said he hopes to have an eatery on the ground floor, and six apartments above. There is a $1.65 million price tag, with hopes of $850,000 from the city.
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