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The Village of Lombard has received multiple development proposals in response to its “Request for Proposals” (RFP) effort for the Village owned property at 101-109 S. Main Street, which began earlier this year.
The highly visible outreach effort to qualified development entities resulted in four being received by the Village. The proposals include a variety of multiple-family residential, commercial, mixed commercial/residential and senior housing development concepts.
The solicitation effort has been a part of a larger goal to seek a new private development project on the 2.19 acre parcel located in the heart of downtown Lombard. While the Village sought proposals for a single tenant grocery store in 2017, little interest materialized. In response, the Village Board directed staff to prepare an amended RFP which opened the possibility for a variety of land uses and activities that could benefit the downtown area. The Village Board also emphasized its desire to seek out “best deal” options for the site.
The Village released the RFP on February 1 and held a developer Open House on February 28, to promote the site and answer questions regarding the site. A companion outreach effort to over 300 business and development entities was intended to maximize exposure of the property. The RFP submittal process closed on Monday, April 16, 2018.
Village President Keith Giagnorio and the Village Board remain committed to redeveloping the site. “We are pleased that our latest outreach effort has been successful. This interest will allow the Village to carefully review and select a project that meets our long-range goals,” said Giagnorio. “The upcoming review process will present the Village with a great opportunity to continue the successes we have had in the past few years in downtown Lombard.”
Over the next two months, Village officials and its consultants will be reviewing each proposal in greater detail. This effort will help the respective committees and Village Board with recommendations regarding the economic viability and land use desirability. This effort will allow the Village Board to process with the selection of a preferred development team to negotiate the sale of the property, based upon their plans.
Lombard District 4 Trustee and Economic and Community Development Committee Chairperson Bill Johnston, is also excited about the forthcoming review process. “Our downtown is ripe for additional growth and this latest effort shows that there is significant interest in downtown Lombard investment. Our Committee looks forward to reviewing the proposals.”
Interested parties can follow this process through the Village’s web site at www.villageoflombard.org/101SouthMain, or by contacting William Heniff, Lombard Community Development Director at (630) 620-5750 or email@example.com.