Homewood School District 153 Granicus #P19-27

Homewood seeks proposals to purchase or redevelop vacant Village property

The Village of Homewood is seeking proposals to purchase or redevelop its vacant property at 17924 Halsted Street. - Government buyer: Village of Homewood, Illinois; local government in Cook County. - Opportunity: Propose a productive, community-benefiting use for a vacant three-story office building and part of an adjacent parking lot. Proposals may also include the neighboring property. - Existing proposal: The Village has received a proposal to convert the building to multifamily housing and is inviting alternate proposals. - Proposal requirements: Describe the intended use and provide a draft site or floor plan, preliminary budget or development pro forma, acquisition and improvement funding sources, proposed purchase price, any requested Village incentives, and an estimated completion and opening timeline. - Evaluation priorities: Financial and fiscal impact, purchase price, feasibility and developer experience, alignment with Village plans and ordinances, design quality and community impact, and long-term management and sustainability. - OEMs and named vendors: None identified.

Description

The Village of Homewood seeks proposals from qualified developers to purchase or redevelop its vacant property at 17924 Halsted Street for a productive use that provides a public benefit. The property includes a vacant three-story office building and part of an adjacent parking lot; a proposal already received describes converting the building to multifamily residences as part of a larger redevelopment. Proposals must include the proposed purchase price, planned use, a draft site or floor plan, a preliminary budget and funding sources, requested incentives, and an estimated completion date. Proposals are due December 8, 2026, at 12:00 PM and must be delivered in person to Village Hall.

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