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Bid Title: Hanover Park South Commuter Lot Redevelopment
Category: RFQ/RFI
Status: Open

Description:

To view the full RFQ, please click on "Related Documents" on the bottom of this page and fill out the form.  The full document will be available at the bottom of the subsequent page.

The Village of Hanover Park (the “Village”) is seeking Statements of Qualifications (SOQ) from developers interested in redeveloping a 6.3-acre commuter parking lot located directly south of the Hanover Park Metra Station (the “Site”). The Site is located in Hanover Park, DuPage County, Illinois and is bounded by County Farm Road on the east, Ontarioville Road on the south, the Hanover Park Animal Hospital property on the west, and the Canadian Pacific Railway tracks to the north (see image below).

The Site presents a unique opportunity for mixed-use transit-oriented development (TOD) within the Village Center area of Hanover Park, a suburb of Chicago. The Site is adjacent to the Metra Station and provides easy access to the Chicago Loop via the Milwaukee District/West Metra line. Commuters can arrive in downtown Chicago in as quickly as 48 minutes on express trains. The Site also benefits from frontage and good visibility along County Farm Road (which becomes Barrington Road north of the Site) and connects the Site with several suburban employment centers. See Section 2 of the full RFQ for additional Site information.

The Village Center area is a priority redevelopment area in the Village. The Village is seeking to diversify the mix of land uses to include a variety of new housing types, as well as enhanced retail and entertainment uses. The Village recently invested in an award-winning public project that includes a new streetscape along Ontarioville Road and Devon Avenue, as well as a new community gathering space at Ontarioville Plaza, which is located just west of the Site. See Section 3 of the full RFQ for additional information regarding the Village’s vision for the Village Center area.

The Village is undertaking a two-stage developer solicitation process to facilitate mixed-use residential development on the Site. The Village envisions that the project would align with TOD principles, including:

  • Higher level of density relative to existing development (up to 5.5 stories);
  • Active ground floor uses in appropriate areas;
  • Strong street presence and urban form; and
  • Rear or enclosed vehicle and bike parking. See Section 4 of the full RFQ for additional development guidelines.

Through this Request for Qualifications (RFQ), the Village is seeking to prequalify a limited number of respondents (with a goal of three) based on their demonstrated ability and financial capacity to complete a development of similar scale and scope. Shortlisted respondents will be invited to participate in a subsequent Request for Proposals (RFP) process that will require respondents to present a vision to implement comprehensive redevelopment of the Site.

This solicitation document is only available electronically. Those who would like to respond to this solicitation/bid opportunity must register through this page. Notifications of addenda will be sent to those registered to receive this electronic solicitation. The Village is not responsible for sending addenda or updates to this solicitation to individuals who have not registered.

HanoverPark_MetraLot_RFQ-P_2022-09.27

RFQ Schedule

Request for Qualifications Step

Target Completion Date

Release of Solicitation Package Wednesday, October 12, 2022
Developer Preconference Meetings & Site ToursMonday, October 17, 2022-February 3, 2023
Statement of Qualifications DueFriday, February 3, 2023, 5PM CST
Evaluation by the Village & ConsultantsFebruary 6-February 17, 2023
Staff & Consultant Recommendation of Shortlisted RespondentsFriday, February 24, 2023
Village Board UpdateThursday, March 2, 2023
Publication Date/Time:
10/12/2022 12:00 AM
Closing Date/Time:
2/3/2023 5:00 PM
Contact Person:

Please direct any questions to:

Stephen B. Friedman, FAICP, CRE, President, SB Friedman Development Advisors via email at hanoverpark_rfqp@sbfriedman.com.

Please direct all requests for calls, preconference meetings or site tours to:

Shubhra Govind, AICP, Director of Community and Economic Development, Village of Hanover Park via email at sgovind@hpil.org by Monday, October 31, 2022.

Plan & Spec Available:
To view the full requirements, please click on "Related Documents", below, and fill out the form. The full RFQ will be available at the bottom of the subsequent page.
Qualifications:

The Village is requesting that respondents interested in developing the Site submit a Statement of Qualifications. The submittal should include and/or be accompanied by the items outlined below. The Village reserves the right to seek clarification of any information that is submitted by any respondent in any portion of its Qualifications or to request additional information during the evaluation process. Any material misrepresentation made by a respondent will void the Qualifications and eliminate the respondent from further consideration.

  1. Transmittal Letter and Executive Summary

  2. Description of Developer Entity’s Project Team

  3. Organizational Chart or Diagram

  4. Portfolio of the Respondent’s Comparable Completed Projects

  5. Financial Information about the Developer Entity

  6. Project Scope and Narrative

To view the full requirements, please click on "Related Documents" on the bottom of this page and fill out the form. The full RFQ will be available at the bottom of the subsequent page.

Special Requirements:

No specific development proposal is required at this time. Evaluation of the respondent’s statement of qualifications will be based upon:

  1. Completeness of submittal.

  2. Comparable experience with similar real estate projects within the last 10 years.

  3. Experience of individual firms and personnel that compose the lead developer entity.

  4. Past performance of firm(s), as verified by references of previous clients/projects.

  5. Demonstrated financial resources and commitments to both acquire and develop the property (evidence of equity and debt financing relationships and commitments, etc.).

  6. Status of legal actions involving any team member or associated entity of the development team.

  7. Demonstrated commitment to the overall objectives of the Village and specific land uses, based on project scope and narrative.

Related Documents:
View Document(s)

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