Advancing the Village Board goal of addressing key redevelopment sites in the community, the Village of Lombard announces that Bradford Real Estate will be pursuing zoning and development approvals from the Village for a new 74,000 square foot grocery store at 345 W. Roosevelt Road, Lombard. The project will consist of the demolition of an existing vacant K-Mart store, which has been closed since January, 2013 and replacing it with a modern prototype store that is focused upon meeting the grocery and convenience needs of the community.
The project needs to be reviewed through a public hearing process before the Lombard Plan Commission, which is scheduled for Monday, May 16 at 7:30 p.m. at the Lombard Village Hall, 255 E. Wilson Avenue, Lombard. Should the project be approved, it is anticipated that construction could start on the project later in 2016.
It should be noted that the public hearing on May 16 is just the first step in the approval process and it is not a guarantee the project will move forward. Notable conditions that would still need to be satisfied include consideration by the Illinois Department of Transportation for roadway improvements to Roosevelt Road and the Roosevelt Finley intersection. Additionally, to facilitate the development and any required public improvements, the Village will also be considering an economic incentive agreement. The agreement will be created over the next few months and would likely be considered concurrent with the final development approvals by the Village Board.
Local officials are pleased that a redevelopment proposal has been filed with the Village. “The K-Mart site has been a property that has been a resident concern. We look forward to working with Bradford on this high-profile project”, noted Keith T. Giagnorio, Lombard Village President. “This project demonstrates that the Village successfully partners with the development community to make desired projects a reality.”
Lombard District 2 Trustee Mike Fugiel stated he’s “hopeful that the store will be an economic catalyst as well as a welcome addition to the Roosevelt Road corridor.”
Trustee Bill Johnston, Chair of the Village’s Economic and Community Development Committee also noted that “the Village’s economic incentive policy approved in December, 2015 is an invaluable tool for major redevelopment projects that provide value to the whole community. This project is a testament to the Village’s commitment in strengthening the local economy”.