Real estate development firm Altierra Development Group is proposing a five-story, 11-unit condominium development at the corner of Chicago and N. Maple Ave.
The development group gave a presentation to neighbors Wednesday evening, detailing the plan for the Residences at Maple Place.
Oak Park real estate developer Paul Zimmermann said the development, which would stand 62 feet tall, would be marketed to homeowners looking to downsize from larger homes.
Each unit in the white and gray brick structure will include two heated parking spaces and 8- by 15-foot recessed balconies.
Parking will be placed on the ground floor, and will not include ground-level retail. The development is expected to take 18 months to complete if village hall approves the project, said developer Jonathan Shack.
Altierra will take its proposal to Monday's village hall meeting, and then to the village's Plan Commission for consideration.
In order to build the project as proposed, developers will need a variance to include the fifth floor of the building. Existing code allows for four stories.
The group also will need a variance on a village code requirement that such developments include 25 percent open space. The proposal presented to neighbors would use the full lot.
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