The Village Board Monday unanimously approved a development plan for Jefferson Crossing, a 61-unit apartment building proposed for downtown Oregon.
The Spanrie Property Group, out of McFarland, bought six parcels along Jefferson Street and plans to raze the existing buildings and redevelop the area between the village parking lot on Jefferson Street and the railroad bridge.
The construction project would add 61 units on 1.3 acres, along with 28 surface parking spaces and 60 underground stalls.
At the November Planning Commission meeting, the owners of the Main Street businesses adjacent to the parking lot the building shared expressed concerns about a lack of parking and said the development, even with the additional spaces, would not solve the problems. The commission ultimately recommended approval of the project.
Demolition of the buildings on the site will begin this spring, Spanrie officials said, and construction is expected to be completed in the spring of 2018.
The company is expected to request tax-increment financing assistance from the village, and the Planning Commission will review more detailed building plans in coming months.
The board approved the general development plan Monday without discussion, after a lengthy presentation by the developers, the village planner and others on Nov. 30.