Naperville City Council gave the green light to the final plans of the "game-changing" downtown Naperville Water Street hotel development Tuesday.
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The 2.4 acre, multi-use development will sit south of the Riverwalk between Main and Webster streets. It will hold a 166-room hotel, retail shops, restaurant, office space as well as a 524-space parking deck.
Council members Doug Krause and Grant Wehrli remained opposed to the development and were the only two dissenting votes Tuesday.
Wehrli cited opposition to the developer, Marquette Companies, being able to commercialize the "Riverwalk" name within the branding of the 166-room Naperville Riverwalk Hotel.
“'Thou shalt not name anything Riverwalk' to me should be in the ordinance," Wehrli said during a City Council meeting last month.
He also had issues with a variance approved last month, which reduced the height and number of spaces in the 524-space parking deck.
Wehrli said the variance will cost taxpayers.
"By granting this variance, we have cost-shifted the cost of parking to the tune of $1 million dollars away from the developer and to the taxpayers of Naperville," Wehrli said Tuesday. "My dollar meter is already running at a million bucks."
The property is within a tax increment financing (TIF) district, but discussion regarding the project's financial matters has yet to be held. Incentives will be discussed at the next City Council meeting April 16.
The project was tweaked and revised numerous times since last year, but Marquette Companies presented its final plans to City Council members in March.
The hotel will still sit at five stories and have a height of 61 feet, with a 69-foot architectural element. The Loggia Building, located north of the hotel, connected by an elevated pedestrian bridge, is also the same height.
Along with retail and commercial space, the Loggia Building will hold a rooftop restaurant overlooking the DuPage River.
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