One Winnetka

Current Status

The properties commonly referred to as the “One Winnetka” site, located at the southeast corner of Elm Street and Lincoln Avenue, have been going through a foreclosure process since August 2019.  In fall 2021, the lender for the previously proposed One Winnetka project secured the title to the property and is now the owner of the site.

On December 7, 2021, the Village Council considered a planned development concept plan application filed by Stonestreet Partners, LLC (the “Applicant”), as the designee of the property owner, RIC (Winnetka Lincoln) LLC (the “Owner”), that owns 714-16 Elm Street, 718-732 Elm Street, 740 Elm Street, 511 Lincoln Avenue, and 515 Lincoln Avenue.  (For further information regarding the Village’s planned development review process, please see the Planned Development Process section located further down on this page.)

 The concept plan includes a five-story mixed use planned development for the property, consisting of: 

  • 74 residential rental units with 1, 2, and 3-bedroom units, 
  • 18,000 square feet of commercial space, and 
  • A total of 158 parking spaces consisting of 43 spaces at ground level for the commercial uses and 115 spaces on the lower level for the residential uses.

The Conney’s Pharmacy building (736 Elm) and the former Phototronics building (740 Elm) are not part of the site on which the mixed-use development would be constructed. Though the former Phototronics building is not part of the planned development, the Applicant has stated they intend to “refresh” its look and re-tenant the building,

The Applicant, Stonestreet Partners, was also the development entity for the previously proposed One Winnetka final planned development for the site, which the Village Council had previously approved and subsequently rescinded its approval due to noncompliance with the terms of the applicable development agreement. The application materials also state that Murphy Development Group will serve as the General Partner, “who will gather input from the project team but have full control over the development of One Winnetka.” The designated architect for the new project is OKW Architects, LLC.

The next step is for the Applicant to decide if they wish to submit a preliminary planned development application.

Current concept plan from the Elm Street perspective

 A row of multi-story buildings

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Current Concept Plan: Axonometric View

 Diagram

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Planned Development Process 

The first major step in the planned development review process is a concept plan review. The purpose of the Village Council’s review of a concept plan application is to broadly acquaint the Village Council an applicant’s proposal and provide the applicant with any preliminary views or concerns that members of the Council may have.  A review early in the process allows an applicant to make adjustments to their plans prior to expending the funds necessary to prepare the complete documentation required for a preliminary plan application.     

If an applicant decides to proceed with the project following feedback from the Village Council, they would submit a preliminary planned development application composed of all of the required documents for consideration by the Planned Development Commission and the Design Review Board. Property owners within 250 feet of the Subject Property would then be notified of these meetings by mail notice. In addition, a notice would be published in the local newspaper, and a sign notice would be posted on the Subject Property. Once the advisory bodies have completed their respective reviews, the Village Council considers the advisory bodies’ findings and recommendations on the preliminary plan and votes to grant, deny, or modify the planned development application, or the Village Council may return the matter to the Planned Development Commission or Design Review Board for further consideration.  

Provided the preliminary plan is approved by the Village Council, the Applicant then needs to submit a final plan for the Village Council’s consideration.  If the Council finds that the final plan substantially conforms to the approved preliminary plan, the Council would approve the final plan.