Seven years after it was first pitched, the ambitious Arlington 425 development in downtown Arlington Heights is no longer moving forward.
Village officials confirmed Tuesday that developer Bruce Adreani of Norwood Builders has decided to walk away from the project, which would have transformed the long-vacant Block 425 site near Chestnut Avenue and Campbell Street into a three-building residential and commercial campus.
“It’s a prime location,” said Mayor Tom Hayes in a statement. “The village remains committed to working with the property owner and any future development partners to bring a new vision to life that will further enhance our award-winning downtown.”
Originally billed as the largest development in the village in more than 20 years, Arlington 425 called for a 10-story apartment building with ground-floor retail, a five-story parking garage, and another five-story residential building. But the project struggled for years with delays, scaling back of plans, and ongoing financing issues.
The initial version of the plan was approved in 2019, with a price tag around $150 million and a proposed 13-story high-rise. Since then, the project underwent multiple redesigns and received three extensions from the village board, most recently in October 2024. At that meeting — which grew tense at times — structural concerns about the proposed parking garage, to be built just inches away from an existing public structure, raised new red flags.
Seven years after it was first pitched, the ambitious Arlington 425 development in downtown Arlington Heights is no longer moving forward.
Village officials confirmed Tuesday that developer Bruce Adreani of Norwood Builders has decided to walk away from the project, which would have transformed the long-vacant Block 425 site near Chestnut Avenue and Campbell Street into a three-building residential and commercial campus.
“It’s a prime location,” said Mayor Tom Hayes in a statement. “The village remains committed to working with the property owner and any future development partners to bring a new vision to life that will further enhance our award-winning downtown.”
Originally billed as the largest development in the village in more than 20 years, Arlington 425 called for a 10-story apartment building with ground-floor retail, a five-story parking garage, and another five-story residential building. But the project struggled for years with delays, scaling back of plans, and ongoing financing issues.
The initial version of the plan was approved in 2019, with a price tag around $150 million and a proposed 13-story high-rise. Since then, the project underwent multiple redesigns and received three extensions from the village board, most recently in October 2024. At that meeting — which grew tense at times — structural concerns about the proposed parking garage, to be built just inches away from an existing public structure, raised new red flags.
