A developer plans to convert a former Holiday Inn “Holidome” in Rolling Meadows into an assisted living / memory care center, proposing instead to demolish the interior atrium and build a seven-story apartment building of nearly 200 units in its place.
Sam Patel, who is completing the conversion of the former nine-story Holiday Inn at 3405 Algonquin Road into an Aloft hotel, says there is no longer a market for assisted living facilities, despite plans approved by city council in 2017 to break up the two-story, 170-room Holidome part of the hotel and convert it into residences for the elderly.
The developer also said the site is not well suited for large-scale commercial use, but it does offer some 7,600 square feet of retail space on the first floor of the U-shaped apartment complex.
City officials want Patel to add a commercial development – preferably a restaurant – that would face Algonquin Road and attract apartment residents and others nearby. He and his representative, Tom LaSalle, agreed to do a feasibility study at the request of city council, but expressed doubts that a restaurant would be successful in the current market.
âThe challenge today is that nobody wants to build a restaurant,â LaSalle told the aldermen at a committee meeting last week. “We are not going to have a restaurant in the near future.”
The mayor and five aldermen present at the meeting were generally open to comprehensive redevelopment plans, which would require a zoning change from commercial to residential and a modification of the overall plan.
âI believe this is an essential development,â said Mayor Joe Gallo. “I think it takes careful consideration and a strong partnership with the developer and owner to make sure everything is aligned so that surrounding residents are happy, but also to help the community evolve.”
Council’s early receptivity to the new plans included accepting the proposed seven-story building height, despite the city’s current zoning limiting residential properties to five stories. But city officials also noted that a number of office buildings on the city’s south side are up to 10 stories high.
The proposed apartment building would feature a mix of one and two bedroom units, a 2,400 square foot outdoor rooftop plaza on the third floor, common amenities and built-in balconies. The development would have 747 parking spaces – around 100 more than required by code – spread over a two-story garage, surface lots and a neighboring office building, under a shared easement agreement.
Jo Ellen Charlton, the city’s deputy director of public works and community development, noted that a number of considerations still need to be factored into the planning process, including traffic movements and access to Algonquin Road. , the building’s footprint in relation to more green space and stormwater. But based on the board’s positive feedback, she said her staff would continue to work with the developer to bring back a plan that is good for the community, and what the developer “can also financially tolerate.”
Meanwhile, Patel said renovations to the neighboring Aloft that began in early 2020 are nearing completion and an opening is expected in February or March. A Holiday Inn Express remained open at the rear of the property.