New Development For Downtown Urbana

Date: October 23, 2018 - 6:30pm

The City of Urbana and Green Street Realty have entered into a Letter Of Intent for the redevelopment of the 200 block of South Vine Street in Downtown Urbana.

Mayor Diane Marlin noted that this project will be the first new residential construction in downtown Urbana since 2005, when the Stratford Residences were built.

“The new development at 200 S. Vine St. will add much-needed housing options in the heart of our city for families, empty-nesters, professionals, and students,” Marlin said. “Our downtown is well-suited to support more residential development, with grocery stores, restaurants, drug stores, fitness studios, schools, mass transit routes, and essential services within easy walking distance. It’s also very close to major employment centers such as the University of Illinois campus, Carle Foundation Hospital, and Champaign County government offices.”

The proposed townhome-style development contains 42 two- and three-story units. The townhome units would include a mix of two and three-bedroom floor plans, with some that could be adapted for handicapped accessibility. A number of units also include private garages.

“Downtown Urbana has seen many positive changes in recent years,” said Chris Saunders, owner of Green Street Realty. “We are excited to be part of this momentum and are eager to provide a new housing product to the Urbana market.”

Green Street Realty hosted an open house for the public to learn more about the 200 S. Vine Project at 6:30 p.m., Tuesday October 23rd at the Urbana City Building, 400 South Vine Street. 

Check out the open house video.

Comments on the proposed project may be emailed to: leasing@greenstrealty.com

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Created on: Tuesday, October 16, 2018 - 09:09
- Author: BridgetB