Downtown Redevelopment

Downtown Redevelopment  
The Village has taken a very active and aggressive role in revitalizing the downtown. Beginning on Memorial Day weekend and running through October, a weekly Farmers Market is sponsored downtown by the Village.  During the summer, outdoor Concerts on the Square are held, attracting hundreds of residents to each event.  In December, the annual holiday tree lighting ceremony is held at the Square.  Other special events coordinated by the Village or businesses downtown are held at various times throughout the year. 

Downtown Revitalization Overview
In late 2010, the Village Board adopted the Downtown Revitalization Plan to guide efforts to redevelop the core downtown and adjacent areas along Illinois Route 47.  One of the recommendations included in the plan was the establishment of a Tax Increment Financing District to  facilitate the redevelopment of these areas.  

In April 2014, the Village Board approved a Downtown Streetscape Plan that identified various improvements to be completed within the TIF, including streetscaping and infrastructure improvements such as landscaping, benches, planters, lighting, underground utility relocations, dry utility relocations, water and sewer improvements, sidewalks, streets, parking improvements, and other improvements to Village-owned property and building structures.  In 2015, the Village invested additional funds to complete the renovation of the Town Square. Work included making the Square a more open and inviting public gathering space and also creating a place for a Veterans Memorial to honor those who have served our country. These improvements were completed at a cost of $5 million.  

The Village Board approved a redevelopment agreement for the first new construction project within the TIF in April, 2014.  The project involved demolition of a Village-owned structure and construction of a new 5,600 square foot multi-tenant retail center located on Main Street that was completed in Spring, 2015.  Building tenants include Morkes Chocolates, a very popular gathering space.   In 2017, the Board approved a redevelopment agreement for the BBQ King, a new 10,771 square foot restaurant/retail building on Coral Street. Construction of the $2 million project began in late 2017 and the restaurant opened in November 2018.   Both Morkes and the BBQ King offer outdoor seating areas to enhance activity around the businesses.  

In May 2022, True North Properties purchased the building formerly known as the Catty property, this redevelopment project will feature the conversion of the former building into 37 apartment units within the Downtown TIF District.  Since acquiring the Woodstock Street property in 2017, the Village underwent environmental remediation and other site preparation work to prepare the Catty property and building for successful rehabilitation and redevelopment for new occupancy. 
Also in 2022, the Village, subject to certain terms and conditions, purchased the former Fire Station property on Coral Street from the Fire District and in turn sold a portion of the property to a developer subject to a purchase and sale agreement and a redevelopment agreement approved by the Village Board on March 10, 2022.  A fundamental component of the Downtown Plan is the redevelopment of properties within the TIF District. The plan identified the Fire Protection District property as a key redevelopment parcel appropriate for a mixed-use development that includes retail or dining uses on the ground floor and multi-family units above. The project by Billitteri Enterprises and United Construction Services includes a D.C. Cobb's restaurant space of approximately 5,000 square feet on the ground floor and the addition of three stories of apartment units above (18 units). The remaining land will feature additional parking in the downtown district.

Available in Downtown Huntley TIF
There are several development and redevelopment opportunities located within the Downtown TIF District.