Edwardsville Committees Pass Redevelopment Agreement for Former Public Safety Building on North Main Street

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By the end of this year, parts of the old Edwardsville Public Safety Complex at 400 N. Main St. may be just a memory.

The City’s Finance and Administrative and Community Services (ACS) Committees voted unanimously in favor of a resolution authorizing a Tax Incremental Financing (TIF) Redevelopment Agreement with 400 North Main, LLC, which will breathe new life into a block that has been vacant for years. The current public security building opened in late 2017.

The site, bounded to the west by North Main Street, to the north by Abner Place and to the south by High Street, is located in the city’s TIF 4 district.

400 North Main is run by local developer Matt Pfund and Michael Bailey and his wife, Kristie, of Fireside Financial, who recently completed Whispering Heights on Route 157. The project is expected to cost at least $20 million. Hazardous material removal will begin next week, Pfund said.

Buildings will face the site plan, with all parking hidden behind them, including underground parking. Pfund said currently High Street has a fairly steep grade and to improve the Americans with Disabilities Act (ADA) on the south side of the site, where the police station was, for retail on the ground floor floor with offices above, culminating in a five-story office tower. There is also a restaurant planned on the fourth floor.

Pfund said the small house, the exit port area of ​​the old police department, where the prisoners were transferred, the front of the old fire station and a tool building at the back of the site will all be demolished and replaced with a new building while the rest of the police complex will have a new floor added. The former fire department driveway will be transformed into a courtyard for the outdoor dining area while a second five-story tower, this one residential, will grow on the northwest corner of the development.

There is a single level parking deck provided with ground level parking. It will be a hybrid parking model as the site will have different users during the day and at night. At the back, he plans to fill and clean the brush and shrubs of the drainage ditch to level it and re-turf it with native grasses.

“It took us about a year to get to this point,” Pfund said. “And it’s been a difficult site to understand without erasing everything.”

He said one restaurant had already committed to the site and was working on marketing others. He said he wouldn’t name the contracted restaurant until the city approves the entire project, likely next month.

“The bottom line is that there are two initial costs that the city provided – $290,000 over a two-year period for reduction and demolition,” city administrator Kevin Head said. “They will demolish about three buildings there as well as stormwater management and utility hookups for a total of $210,000 or $500,000.”

He said there is a piece of land owned by the city to the east that will be needed for parking. The city will lease it to Group 400 for $1 a year for 99 years, he said. It will also be available for public parking.

There will be a discount of 85/15 TIF. The developer will get 85% of the raise for the next seven years, as there are only seven years left on this 23-year-old TIF, Head said. Ten percent is passed on to all tax agencies and the remaining five percent goes back into the TIF to pay debt service on work already done, including streetscape, road improvements, sidewalks and public services.

There is a five-year, interest-free installment to the developer for on-site water and sewer abstraction charges. The developer will pay the engineering costs and go door to door to access the necessary easement on the High Street. Meanwhile, Edwardsville will pay for the reconstruction of the High Street, which it has already been planned and budgeted for, to make it easier to get in and out.

“It would be, in our view, a great asset to this field,” Head said.

There will be two discrepancies, parking and building height, which will be addressed at the next set of committee and city council meetings in late August and early September.

After that, the discrepancies will have to be submitted to the city’s zoning adjustment board on August 22, returning to the ACS on September 1 before returning to city council on September 6. After that, the 400 North Main will start posting more details. about the project via the city’s communications coordinator, Cathy Hensley.

This development agreement will go before the full city council on Tuesday. Demolition can begin within 90 days if the city council approves the development agreement.

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