The developer of a proposed $35 million apartment complex, “The Savannah,” held an invite-only informational meeting for neighbors only last Thursday, June 22 at the Shiloh Senior Center.
“We want(ed) to give people an opportunity to come learn more about the development and voice any questions or concerns,” Jenna Desch of Crevo Capital, the Edwardsville-based private equity firm handling the development, said of the two-hour meeting.
Shiloh Mayor Jim Vernier said he thought the private event was a positive one, garnering about 25 to 30 residents who could be impacted by the new development.
“The folks that were there had comments that were mostly positive. There were some that had negative input, mainly about multi-family buildings in general,” Vernier said.
According to Desch, the same presentation will get replayed before the general public at the Shiloh Planning Commission meeting Monday, July 10.
Crevo Capital first announced its Shiloh plans in early April. The 21-acre project is planned to be adjacent to the new BJC Healthcare System Memorial Hospital and medical office buildings off Cross Street in Shiloh at Tamarack Lane. Once the FSP extension project is complete, the development will border Cross Street and Frank Scott Parkway.
The campus-like multi-family housing is set to target young professionals and empty-nesters with a variety of floor plan options from one to three bedroom facilities. Amenities will include a pool, rec and exercise rooms, pool, clubhouse, fitness and dog trails, boathouse and a lake surrounded by native trees. Also included in the planning is a spa-inspired health club and an indoor/outdoor community lounge with an event space extending over the lake from the tree-lined shore.
Shiloh Trustee Greg O’Neil said he is not a fan of the new luxury apartments coming to the village, and he hopes the Shiloh Planning Commission will vote the re-zoning request down.
Currently, the property is zoned R-2 residential and the developer is requesting re-zoning to multi-family residential.
“I think it is bad for Shiloh. It’s bad for the schools. It’s bad for the residents who live there (and) it will be a burden on the police department. You have the highest amount of calls to multi-family buildings,” the former Shiloh police officer said.
“Taking into consideration that the development is a $35-40 million investment and the assessed value to be around $13 million is huge for Shiloh schools,” Vernier said. “I think some people are worried about multi-family complexes for traffic, and I get that concern. Others seem worried about the multi-family component for maybe attracting — I guess what some would consider — ‘undesirables.’ But, looking at the fact that the developer Crevo Capital has big stakeholders in this, they aren’t wanting to lose money. They want to gain it, and if rent starts at (about) $1,500, I think being worried about ‘undesirables’ is way off base. They are going to make darn sure that the project is held to a higher standard.”
Vernier added that the developer is anticipating no more than 25 kids to live there, because its target residents are young professionals.
“So again, I don’t see a negative impact to the schools there,” he said.
But, according to O’Neil, it would be “a waste of prime property once the road is opened up.”
“I would rather see commercial or up-scale homes put there,” he said.
O’Neil said the board should consider that there are a lot of multi-family apartment complexes in the village already.
“I believe it will drive down the rental property prices in the older apartments,” he said. “As a trustee I will never vote in favor of anymore multi-family developments.”
O’Neil said he attended, but the meeting didn’t draw in as many people as he expected.
“I think the residents of Shiloh should come out and voice their opinions, good or bad,” he said.
He added, “People don’t seem to want to come out … And then, when something gets passed, they all want to blame the Village Board when they don’t like it.”
O’Neil said he’s always open to talk to anyone who wants to ask questions.