Westmont Village Civicplus #RFI - Downtown Westmont Redevelopment Opportunity

Village of Westmont Downtown Mixed-Use Redevelopment Developer Solicitation

The Village of Westmont, Illinois is seeking qualified developers to submit statements of interest for the redevelopment of a 2.0-acre site in downtown Westmont, adjacent to the Westmont Metra Station. - Government Buyer: - Village of Westmont, Illinois (Office of the Assistant Village Manager) - Project Scope: - Redevelopment of a prime, transit-oriented downtown site at 1 S Cass, 20 E Quincy, and 26 E Quincy - High-quality, luxury mixed-use development envisioned - Residential units - Ground-floor retail - Structured parking - Pedestrian-friendly design and activation of ground-floor retail required - Focus on supporting downtown vibrancy and economic vitality - Developer Requirements: - Submit qualifications, development vision, team information, financial capacity, and proposed deal structure - Proposals should include milestones and a vision for public-private partnership - Incentives and Support: - Village is open to public assistance such as Tax Increment Financing (TIF), land value write-downs, public infrastructure support, and expedited approvals - Village is assembling all parcels and will provide environmental and ALTA surveys to the selected developer - Notable Details: - Estimated site value is $4.37 million - No specific OEMs or vendors are named, as this is a developer solicitation - Emphasis on transit-oriented, pedestrian-friendly, and mixed-use design

Description

The Village of Westmont, Illinois is seeking statements of interest from qualified developers to redevelop a key 2.0-acre site located in the heart of Westmont's downtown at 1 S Cass, 20 E Quincy, and 26 E Quincy. The site is intended for a high-quality, pedestrian-friendly mixed-use development that strengthens downtown Westmont's character, activity, and economic vitality. The Village is open to various forms of public assistance including TIF financing and land value write-downs, and encourages proposals that include a development vision, team qualifications, financial capacity, and proposed deal structure. Submissions are due by July 1, 2026, and questions must be submitted by June 1, 2026.

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