A new Holiday Inn hotel will not be coming to town after all.
The city had approved a redevelopment agreement for a new $12 million, four- to six-story, 120- to 150-room hotel at Eastport. But developers could not secure funding, said Collinsville Community Development Director Paul Mann.
"They couldn't get financing after we had done a redevelopment agreement with them," Mann said.
But that is just one miss in a series of successes for city planners. The city's 53-acre Collinsville Crossing shopping center has brought in more than 30 new retailers in the past four years, and a new UMB Bank will be coming next. Mann said it will break ground by this fall.
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"We're excited to see that because it will be a good entrance to the development," he said. "It's a good-looking building they're proposing."
The city continues to witness more economic growth, especially within pre-existing infrastructure. Downtown has recently seen new restaurants and bars move in. One, Johnny's Sidebar, a wine bar on Main Street, has expanded to an adjacent storefront. Fifth Quarter, also on Main Street, was recently renovated and also has plans to expand into a vacant building next door.
Another long-standing restaurant will also reoccupy another vacant building on Main Street. Bert's Chuck Wagon will relocate from its A-frame building at the corner of Clay Street and Vandalia streets and move to Main Street where a T-shirt retail store and an artists' consignment shop will be established. The move will accommodate a planned realignment of Illinois 159 through town.
A new restaurant and coffee shop is expected to open at the former Collinsville Herald building on Clay Street by the end of next month or early September.
KJK LLC, which owns Friday's South in Collinsville, has purchased the former Billie's Odds & Ends on Main Street and is working to create a new martini bar called The Purple Cricket and has also purchased another building that housed TJ Duck's on Beltline Road and will open another establishment to be known as The Red Bar.
"We think this is really good example of when TIF funds are used right for private development, especially in historic areas like this," city downtown coordinator Melissa Leavy said. "All three of our businesses (downtown) that are bars and restaurants are either doubling their space or have purchased a second location or are expanding through a second location."
Mann has been focusing much attention to the Northeast Business District, which will cover some property along Belt Line Road from Keebler Road to Vandalia Street. That includes a new Kohl's store that will relocate to the former Wal-Mart building on Beltline Road, a new CVS Pharmacy on the corner of Vandalia Street and Pine Lake Road and a redevelopment of The Orchards Shopping Center on Vandalia Street.
Plans for The Orchards call for revamping the existing buildings with new facades, repaving the parking lot, new storm drainage and redeveloping the landscape.
Mann said plans for the planned CVS Pharmacy will be discussed at a city planning commission meeting slated for next month.
"And their plans look impressive," he said. "They want to bring in a whole park area in the front of the building at the intersection. That will also entail a 3,100-square-foot commercial building that may be the location of the (pre-existing Carisillos) Mexican restaurant, and then there would be additional space for retail service uses."
The city continues to negotiate with Kohl's about the size and scope of the retailer's planned store at Lakeside Shopping Center on Beltline Road.
"They're looking at several different alternatives now in regards to their layout and the size of their building," Mann said. "They're looking at maybe going to a smaller prototype building."
Mann also said that Kohl's is also looking to possibly expanding into adjacent property at the shopping center, which is at almost 100 percent occupancy.
"They're ready to go, and they're going to tear that building down and move ahead as soon as they get the word."