Mariano’s, apartments OK’d in Orland Park
By Mike Nolan email@example.com February 4, 2014 8:16PM
Updated: March 6, 2014 6:43AM
Orland Park trustees have approved development agreements for a Mariano’s grocery store and 231 apartments and other rental housing planned for the north end of Orland Park Crossing Mall.
As part of the deal for Mariano’s, trustees Monday night also agreed to share sales tax revenue with the Wisconsin-based grocer, which locally has a store in Frankfort and plans to open in Evergreen Park and Oak Lawn.
The 73,000-square-foot supermarket would be near two existing restaurants, northeast of P.F. Chang’s and east of Granite City. The shopping center is at the northeast corner of LaGrange Road and 143rd Street.
The rental housing would be adjacent to Mariano’s. REVA Development Partners’ project, called Residences of Orland Park Crossing, would also include a clubhouse, an outdoor pool, a fitness center and a theater room for residents.
Similar in design and amenities to the village’s Ninety 7 Fifty on the Park apartment building at 143rd Street and Ravinia Avenue, REVA’s proposal would be a transit-oriented development, aimed at attracting commuters because of its proximity to the 143rd Street Metra station.
For Mariano’s, the village board agreed to a 50-50 split of sales tax revenue, turning over to the store’s developer a maximum of $1.45 million over a period of up to 10 years, but the village expects that amount would be reached sooner. The deal covers only sales tax income due Orland Park and doesn’t apply to the sales tax money that goes to the state.
The tax break would also pay the developer, Bradford Real Estate, a bonus of $187,000 if the Mariano’s store is “substantially completed” by the end of September 2015.
A Mariano’s representative previously said the company expected to open the store in late 2015 or early 2016, but Orland Park officials hope the inducement could advance that timetable and start generating tax revenue sooner for the village.