We plan to break ground in Fall, 2023
The development team anticipates an accrued employment increase of 2,784 jobs through 2030 (Source: Region 1 Planning Council). A total of 400 full-time equivalent construction jobs are projected, all Illinois contractors subject to prevailing wage. The development team forecasts between 20% and 30% participation of Minority, Women, Veteran and Disadvantaged Business Enterprises in the construction process.
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We are seeking a diversified mix of tenants; independent retailers, food-based hospitality, health/wellness providers, small office users, financial institutions, retail pharmacy, local arts collaborative, and next-generation smart apparel design/production hub. Great fits will be scaling regional entities seeking second or third locations; downsizing primary employer offices; home-based businesses seeking brick-and-mortar; and institutions seeking satellite offices in the population center.
There will a mix of (historic rehabilitation) Studio, 1-, and 2-bedroom market-rate units in Phase One. As the development continues to progress in additional Phases, new construction apartments, townhomes, flats, and row houses will be added.
All residential units will be rentals and office/commercial will be leased.
A signature of this transformative project is its public green space and riverfront activation plan, which will help to establish Colman Yards as a regional destination. As the campus emerges, we intend to roll out walk and bike paths, public art, outdoor seating, plazas and courtyards, a riverfront amphitheater, a dog park, a splash pad and plentiful public garden space.
Anchoring the South Main St. Corridor, Colman Yards will connect the Downtown District, Chicago Rockford Intl Airport, other points of interest, employers, visitor destinations & neighborhood centers. Placing a high value on access, the campus will provide ample pedestrian & bike paths to support future transportation infrastructure. A planned METRA line from Chicago will terminate near Colman Yards, positioning it to serve as a Transit-Oriented Development (TOD) and designated Transit Hub.
Colman Yards will be supported by a variety of new on-campus parking. In the first phase a brand new, multi-deck structure will be erected. The master plan has multiple surface spots - both public and reserved - and potentially another new parking structure as development progresses.
At its height in the middle 1970s, the Barber-Colman Company employed 3,000 workers on this campus. Officially incorporated in 1904 to design and manufacture textile machinery, the Barber-Colman Company quickly spawned specialty divisions, including the Machine Tool Division (1908), Experimental Division (1914), and Electrical Division (1924). In 2001, following nearly two decades of divestiture, the 20-structure manufacturing campus ceased all operations.
The City acquired the vacated campus in 2002 and began the longstanding local, state and federal commitment to reimagining the site for redevelopment. An environmental assessment & cleanup process with the U.S. EPA, a successful placement in the National Register of Historic Places to create the Barber-Colman Historic District in 2006, awaiting the proper redevelopment partner and solution.
A J. Jeffers & Company Development