Schaumburg officials are considering drafting regulations for potential redevelopment near the Northwest Transportation Center of Pace Suburban Bus that would permit high-density residential buildings, as well as one or more parking structures.
Trustees are poised to vote Tuesday to direct the village staff to prepare such a transit-oriented district bordered by Woodfield Road to the north, Martingale Road to the east, Higgins Road to the south and the eastern edge of the Schaumburg Corporate Center to the west.
Transit-oriented developments — characterized by a mix of uses including homes near transportation hubs such as train or bus stations — are found in many areas of the suburbs. But this would be the first true example in Schaumburg, Community Development Director Julie Fitzgerald said.
The entire commercial area around Woodfield Mall so far has been free of residential development since the mall was built more than 50 years ago.
Such a plan would build on three trends:
- Including more residential units in and around shopping malls (recent examples from the Chicago suburbs here and here). This helps increase the number of people who might frequent the businesses nearby.
- Locating higher-density housing around transit hubs. The resulting transit-oriented developments could reduce the reliance on cars with mass transit options immediately accessible.
- Placing higher-density housing away from single-family homes and lower-density housing. Such a location is less likely to draw concerns from neighbors who express concerns about traffic, noise, and an impact on their property values.
If plans go forward, it will be interesting to see the price point of these residential units and whether this kicks off more residential development in what is already a busy area. Perhaps Schaumburg will become the home to more businesses and more apartments?