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HomeMy WebLinkAbout 4.1 Responses to a Request for Proposals for the Police/Fire Building located at 112 E. Northwest Highway - Block 56 Redevelopment Access4/28/2020 BoardDocs® Pro Agenda Item Details Meeting Mar 10, 2020 - COMMITTEE OF THE WHOLE AGENDA %Ca teg • ry 4. DISCUSSION ITEMS Subject 4.1 Responses to a Request for Proposals for the Police/Fire Building located at 112 E. Northwest Highway - Block 56 Redevelopment Access Public Type Discussion Goals 09. Downtown Chase Building 22. Major Corridor Revitalization: Next Steps Public Content Information The relocation of the Police Headquarters to 799 Biermann Court (now 911 E. Kensington Road) and the Fire Headquarters to 111 E. Rand Road is expected to be completed early this summer, leaving the existing Village -owned Police/Fire Building located at 112 E. Northwest Highway vacant and available for redevelopment. In anticipation of this vacancy, the Village issued a request for proposals (RFP) for the redevelopment of the Police/Fire Building in September 2019. The RFP was advertised on the Village website and e-mailed directly to a number of experienced development firms. The deadline for submittals was October 22, 2019. The RFP was well-received by the development community; staff received complete responses from Greystar and the joint team of First Equity and Harlem Irving. The combined team of Stonestreet Partners, Murphy Development Group, and Bradford Real Estate Companies submitted a partial response to the RFP. The three proposals were evaluated by a selection team of staff from the Village Manager's Office and Community Development Department. The team chose to interview all responding candidates as each of the three submittals were unique in scope and design. While all three of the proposals included the Village's property, each of the proposals incorporated different adjacent parcels into their proposals. They also varied from each other in building scale, in the amount of retail provided and in the amount of proposed amenities offered to prospective residential tenants. Following the initial staff interviews, the Village invited the two teams that submitted complete proposals to a closed session meeting on November 12, 2019 to provide overviews of their proposals to the Village Board. After vetting both proposals, the Village Board directed staff to work with the Greystar team to address outstanding issues and to move their proposal through the zoning entitlement process. Summary of the Greystar Proposal The Police/Fire parcel at 112 E. Northwest Hwy and the parcel at 111 E. Busse Avenue,, commonly known at the "Chase Bank Builidng",, are the two largest parcels on the block referred to as "Block 56". Of the two complete RFP submittalsf the Greystar proposal is the only to include the redevelopment of 111 E. Busse Avenue; redevelopment of this site is a top priority within the Village's Strategic Plan. The Chase Bank building is 58% vacant and the parcel it sits on is immediately adjacent to the Police/Fire parcel, lending the opportunity to redevelop both in a unified manner. The inclusion of the Chase Bank Building parcel, the scale of the development at 4 stories in height, the planned 8,250 square feet of retail/restaurant space and the proposed public plazas set the Greystar submittal apart • the First Equity/Harlem • submittal. Greystar is proposing a highly amenitized mixed-use building,, which includes approximately 250 apartments, 8,250 square feet of commercial space, an outdoor public plaza located on the northwest corner of the site (near Emerson St and Busse Ave), and a first responders" memorial plaza at the southeast corner of the site (near Northwest Hwy and Maple St). The proposal would be a transformative project, taking an underperforming office building and soon -to -be -vacated public building and creating a vibrant mixed-use development in the core of the downtown •' Greystar"s proposal includes a • • • $2.8 • for the 112 E. Northwest Hwy parcel. https://go.boarddocs.com/il/vomp/Board.nsf/Public 1/2 4/28/2020 BoardDocs® Pro Village staff will make a brief presentation at the March 10,, 2020 • • the Whole meeting, highlighting the steps that the Village took to get to this point in this process. Greystar will then provide a background on their company,. an overview of their proposal for the redevelopment of the Police/Fire Building and Chase Bank Building properties. The Village Board, staff and Greystar will be available to address questions or comments from the public. As part of the zoning entitlement phase, this project requires a public hearing in front of the Planning and Zoning Commission, with final review from the Village Board. The target date for the public hearing is May 2020. Alternatives 1. Discuss the RFP response by Greystar for the redevelopment of Block 56, including the Village -owned parcel at 112 E. Northwest Hwy. 2. Action at the discretion of the Village Board. Greystar COW presentation 031020.pdf (3,774 KB) Police -Fire RFP.pdf (1.,285 KB) Administrative Content Executive Content https://go.boarddocs.com/il/vomp/Board.nsf/Public 2/2