News Flash Home
The original item was published from 7/19/2018 2:18:00 PM to 7/19/2018 4:57:42 PM.

News Flash

Village Highlights

Posted on: July 19, 2018

[ARCHIVED] Request for Expression of Interest - Frieightway Redevelopment Site

Freightway Aerial View

The Freightway Redevelopment Site preferred developer selection is underway. For the past 30 years, numerous studies have focused on the site, due to its key location in the Village Center.  In March 2017, the Village Board of Trustees established a Freightway Steering Committee to develop a visioning study for the site.  The final Visioning Study (Study) incorporated a broad and meaningful public engagement process.  The Study provides a community-based vision that ensures future redevelopment will enhance the Village Center.

The Village Board of Trustees views the development of the Freightway Redevelopment Site as critical to the evolution of the Village Center, and has commenced a two- step process to engage a preferred developer.  

  • The first step is to develop and distribute the Request for Expressions of Interest (RFEI) which is designed to garner information from the development community on suggested conceptual development plans, zoning paradigms and creative financial models. This process will identify qualified developers with construction experience and the financial wherewithal to complete complex, mixed-use, transit oriented development projects.
  • The second step is the development of a Request for Proposal.  The selected firms will provide a detailed proposal describing their proposed development plan, the associated zoning, and the preferred financial model to successfully complete the project.  

The responses will be evaluated by Village officials, resulting in the selection of a preferred developer for the Freightway Redevelopment Site. Click on the link to read the RFEI, Visioning Study and the press release.

Facebook Twitter Email