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Geneva officials to consider new mixed-use development on Anderson Boulevard

Proposed incentive agreement would support a redevelopment transforming the historic building at 318 Anderson Boulevard into a bike shop, café and modern apartments.

Author

Sam Kraft
May 10, 2025 • Estimated Reading Time: 2 minutes

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The vacant building at 318 Anderson Blvd. in Geneva

Geneva’s Special Committee of the Whole will review a proposed development incentive agreement on Monday, May 12, that would support redeveloping the historic three-story building at 318 Anderson Boulevard.

According to the meeting agenda, the $2.3 million project would transform the building into a mixed-use space featuring a ground-floor bike shop and café, along with upper-floor apartments.

The developer, 318 Lofts, LLC, is the contract purchaser of the vacant structure. The owner already has a lease in place with Village Pedaler, which plans to operate a bike repair and retail business alongside a coffee and bagel café with indoor and outdoor seating.

To assist with the redevelopment, the city is proposing an incentive package totaling $131,762. The draft agreement outlines:

  • A $15,000 historic preservation/adaptive reuse grant for environmental remediation

  • A sales tax rebate (10 years) of $83,836

  • $32,926 for electrical service upgrades

View the meeting agenda (page 80-101) for further details.

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