Homewood officials announced on Oct. 30 that the deadline for submitting proposals to redevelop two village-owned properties was extended to Nov. 21.
The sites include at 2066 Ridge Road, commonly known as the Matrix Building, and 2024 Chestnut Road, which serves as the village hall parking lot.
The village is hoping qualified developers will submit bids to create combine residential and commercial uses that fit with the downtown area’s transit-oriented goals. Both properties are near the Metra/Amtrak train station and Pace bus hub.
The Village intends to utilize Village-owned property adjacent to the Village’s thriving transit hub to create two developments that combine residential and commercial uses, supporting the goals of transit-oriented development.
The village’s 2024 Downtown Transit-Oriented Development Master Plan identifies these properties as prime development sites to improve regional transit accessibility and fulfill the growing demand for housing and other uses in the Village’s downtown.
Additional information:
- Full RFP Application Guide.
- Downtown Homewood TOD Area Property Information.
- Downtown TOD Trade Area Market Demand Study (prepared by The Retail Coach).
- Downtown TOD Trade Area Demographics (prepared by The Retail Coach).
- Downtown TOD Psychographic Data and Market Information (prepared by The Retail Coach).
