I’ve heard from a couple of reputable sources (hence the designation of ‘rumor’ for this blog entry) that Mendota Homes, developer of The Crossing, AKA Northfield Crossing), is trying to replace the planned second condo building in the southwest corner of the site with a hotel. The change in thinking is evidently because of the recent tanking of the condo market locally, statewide, and nationwide.
The Edgewater is the name of the condo unit currently under construction on the NE corner. The office/retail condos on the NW part of the site are also being built. The hotel would go where the second condo unit, the Riverside, is depicted in the above sitemap.
I’m assuming that Mendota Homes would have to get approval from the City to make this change, since more than $3 million dollars of TIF money was involved in the deal between the City and MH.
Full disclosure: my wife Robbie and I have purchased a unit in the Edgewater. We’re wondering what the positives and negatives might be if this change is approved. Extra traffic? Loss of future neighbors? The latter is a big concern of mine. There probably are others.
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