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TO: Mayor Richard C. Irvin
FROM: Planning and Zoning Commission
DATE: April 22, 2022
SUBJECT:
An Ordinance Establishing a Conditional Use Planned Development, Approving the Atlantic Residential Plan Description and amending Chapter 49 of the Code of Ordinances, City of Aurora, by modifying the zoning map attached thereto to an underlying zoning of R-5A Midrise Multiple-Family Dwelling District for the property located on the north side Fox Valley Mall, south of New York Street and west of Route 59 (Atlantic Residential - 22-0174 / NA21/4-22.055-CU/RZ - TV - Ward 10)
PURPOSE:
The Petitioner, Atlantic Residential, is requesting the Establishment of a Conditional Use Planned Development, and to change the underlying zoning district from PDD Planned Development District to R-5A Multiple-Family Dwelling District on the property located on the north side of the Fox Valley Mall, south of New York Street and west of Route 59 to allow for construction of a multi-family residential development.
BACKGROUND:
The Subject Property consists of 9.121 acres lying on the north side of the Fox Valley Mall. The property currently is comprised of a portion of the ring road and surface parking, part of which serves the Fox Valley Mall, part of which served the now closed Carson Pirie Scott building and part of which serves the retail outlot. The property is currently zoned PDD Planned Development District, which is part of the Fox Valley East Planned Development District.
The owner, Centennial Real Estate Company ("Centennial"), purchased the Fox Valley Mall in 2015. Then in 2018, a partnership controlled by Centennial purchased the Sears' and Carson's Site after falling into bankruptcy. Since then, Centennial has been making substantial investments essential to the Mall's revitalization including the remodeling of the mall center. In early 2021, they demolished the Sears building to make way for a future retail and residential development. In 2021, Lumen at Fox ...
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