The Huntley Village Board authorized staff to seek bids for asbestos remediation of the former Catty Corp. property during Thursday’s board meeting.
In 2017, the village closed on the property – which sits near the railroad tracks south of Main Street and is composed of 2.8 acres and a 33,000-square-foot building – for about $425,000 as part of Huntley’s downtown revitalization effort.
Since then, a metal building on the site has been removed, the main building has been secured to prevent unauthorized entrance, and the interior of the building has been cleaned.
A subsequent facility assessment by Dewberry Architects determined that the overall structure of the building appeared fair, but the exterior building enclosure required immediate repair. No repairs have been made to date.
The study also laid out three development options to show possible costs. For one, a developer could renovate the original building and demolish building additions south of it for $5.8 million.
Second, developers could demolish the building and all on-site structures and construct a new two-story, 24,000-square-foot commercial/retail building for $7.6 million.
Finally, developers could demolish everything on the property and construct a two-story, 33,000-square-foot building for $9.9 million – this is the largest building size the site could hold.
The assessment also incorporated findings from village reports of potential asbestos or lead paint materials in the building.
Using this information, quotes were obtained for asbestos removal. These quotes ranged from about $50,000 if the building were demolished to about $80,000 if there were a plan to reoccupy the building.
Quotes for lead paint abatement were in the amount of $168,000 regardless of whether the building is razed.
By working with state Sen. Don DeWitte’s office, the village was able to obtain a $50,000 grant administered through the Illinois Department of Commerce and Economic Opportunity to assist in building repairs such as asbestos abatement.
Currently, at least three parties have shown interest in the property with plans ranging from re-use of the building to total demolition.