Commercial real estate firm Bradford Allen has secured public funding to assist with a $130 million residential and retail development in Arlington Heights.
The village of Arlington Heights approved $17.8 million in tax increment financing to support the construction of an eight-story apartment building with 301 units and 26,000 square feet of street-level retail at the town’s southern gateway, the Daily Herald reported.
The 3.7-acre development site, at the southeast corner of Arlington Heights and Algonquin roads, is vacant following the demolition of a five-story office building and several commercial structures. …