Crescent Place

Proposed in May of 2021 by Florida-based Housing Trust Group (HTG), in partnership with Illinois-based nonprofit developer Turnstone Development Corporation- both of whom specialize in the development of affordable housing- Crescent Place aimed to transform two Arlington Heights lots which had sat vacant for 20 years into a 40-unit, fully affordable apartment building. The proposal requested the rezoning and consolidation of the two parcels, and modification of the Village’s comprehensive plan to categorize the new parcel for medium density residential uses. The proposal stirred impassioned community debate both for and against the development; where detractors argued that increased traffic would negatively affect the surrounding community, and supporters argued that affordable living options are desperately needed for seniors and young professionals who want to live in Arlington Heights. After several Village Board meetings that included extensive public comment in which roughly half of the commentators were in favor of the development and half were opposed, the Village Board voted 8-1 in favor of the rezoning; noting the project’s consistency with the Village’s comprehensive plan and Inclusionary Housing Ordinance. Ground was broken later that year and construction was completed in November of 2023.

Led by Housing Trust Group and Turnstone Development corporation, the Crescent Place project team included general contractor Henry Bros Co., civil engineering firm Groundwork, landscape architecture firm Krogstad Land Design, UrbanWorks Architecture, Frosolone Interiors, energy-efficiency consultant Eco Achievers, and property management team UP Holdings. The final product offers 20 one-bed/one-bath apartments and 20 two-bed/two-bath apartments. Of the 40 total apartments, eight are reserved as Statewide Referral Network (SRN) units with household income limits of 30% AMI, and the remaining 31 are reserved for households earning up to 60% AMI. In addition to modern in-unit amenities and large living spaces, the building offers community amenities including a community room, fitness room, library, computer cafe, tenant storage, bike storage, and resident gardens. Residents are also within a short walk to Randhurst Village shopping center (with a Costco, AMC, and dozens of other retail stores), two golf courses, and several parks.