One of Three Finalists For Hahn Street Project Drops Out

One of the three finalists vying for a chance to build an apartment and retail complex on the Hahn Street property withdrew from consideration Tuesday, Oct. 15. 

Banner Apartments LLC submitted a letter of withdrawal to Assistant City Manager Mike Kopp at about 5 p.m. Tuesday. Following is the letter in its entirety:

"Dear Mr. Kopp, 

We appreciate being selected as a finalist for the Hahn St. Redevelopment Project but have decided to not move forward. While we understand the council selected the 3 teams based on the scoring from the first round, continued efforts to arrive at a clear path toward a competitive proposal for the final round have been unsuccessful. Please know we have not arrived at this decision lightly and many members of the team would like to continue, however we acknowledge that is infeasible at this time. We appreciate the opportunity to work with staff and he council thus far and look forward to future opportunities as they become available." —Chris Hooker, Vice President of Development, Banner Apartments 

Banner was part of a development team that included Farr Architects, and Conservation Design Forum of Elmhurst. The team has extensive experience in sustainable design, conservation and innovative rainwater management. Hooker was not immediately available for comment.

The remaining finalists are Lincoln Property and Morningside Group. Read more about Banner and Lincoln Property here. Read about Morningside's presentation here.

Lincoln and Morningside will present their final plans to the City Council at 7 p.m. Tuesday, Nov. 12, at City Hall, 209 N. York St. The presentations will be recorded and available for viewing on the Elmhurst YouTube channel within 48 hours.

This story will be updated.