Woodstock’s Plan Commission soon will consider a proposal for the Woodstock Station site.
A developer wants to build 91 single-family homes for the area off Clay and First streets in Woodstock near the railroad. The homes likely would be two- and three-bedroom models between 1,600 to 2,000 square feet. The one- to two-story homes would have detached garages, open front porches and small backyards, Woodstock building and zoning director Joe Napolitano said.
“The developer is trying to build a sense of community in the development and create a special experience,” Napolitano said. “The target audience is millennials.”
The plan is similar to what was brought before the City Council late last year, when officials approved an inducement resolution that allowed the developer to begin tracking expenses for potential reimbursement through the new tax increment financing district.
The property is within the newly enacted downtown TIF No. 2, which covers the downtown area and part of
Route 47. The site formerly housed a typewriter factory before becoming a Die Cast auto parts facility.
More than a decade ago, a developer wanted to put up to 400 apartments and townhomes on the site, but development came to a halt after the housing market crash, according to city documents.
Woodstock issued about $2.5 million in bonds to help clean up the contaminated site as part of the first TIF district years ago and still is paying it off. Debt payments will conclude in December 2021, city officials have said.
The commission will meet at 7 p.m. Feb. 28 at City Hall, 121 W. Calhoun St.