Even with current construction in downtown DeKalb relocating major events like Corn Fest and the farmers market, much more is still to come.

One of the most expensive renovations downtown DeKalb has ever seen will soon be presented to the DeKalb City Council. The estimated $60 to $120 million project will be up for approval.

The project called the mixed-use project was presented at the DeKalb Plan Commission last week and is expected to include five-story buildings with retail stores on the bottom floor and residential apartments above. The development will be built between the Walgreens at 100 W. Lincoln Highway and Pearl Street.

Most of the current and future construction taking place is being funded by private investors.

Sho-Deen Development, a private developer, has already purchased all the property for the mixed-use project, and the city has no part in its development, said Jennifer Groce, executive director of Re:New DeKalb.

Sho-Deen Development has done work in both Geneva and St. Charles.

Groce said DeKalb is going for the same type of high quality and downtown feel that Geneva and St. Charles currently have.

Groce also said the city plans to have 600 apartments, a strip mall, two hotels and a restaurant built near Peace Road and Lincoln Highway sometime in the future.

Luxury condominiums and apartments will also be built on East Lincoln Highway.

Groce said consultants recommended the residential increases to add “24 hours of life,” meaning people will be coming and going to shop, work and live in DeKalb.

Other downtown renovations are planned for the near future. In September, new lighting and street furniture will be added to Fourth though Seventh streets. Sidewalk improvements will also be made on the same streets.

Also in September, the Gateway Monument will be built on 10th Street and a gazebo with a visitor’s center will be built on 11th Street.

Some DeKalb buildings will be marketed for private development, like buildings near Lincoln Highway and Route 23.

The corner of First and Locust streets is also being marketed for private redevelopment. The lot located on the corner was torn down during the summer.

The downtown renovations are looking to target a mix of all classes, Groce said.