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VILLAGE OF
BARTLETT, IL
Development Concept and Developer Recruitment for "Town
Center" Site
 S. B. Friedman & Company was engaged in January 2000 to provide
development advisory services to assist the
Village
of
Bartlett
in bringing about the development of an approximately nine-acre
site located adjacent to a Metra commuter rail station in the
downtown.
The site is located
in an existing TIF district. Our scope includes developing and testing
a market-driven, site-specific development concept, overseeing the
design and site planning of the proposed concept, preparing a
developer RFQ/RFP, evaluating developer proposals, and assisting the
Village in negotiations with the selected developer.
 After completing a
market analysis that established the economic parameters for
residential, retail, and office development, we led a public design
charrette attended by more than 100 community residents, business
owners, and public officials. Participants created ten different
potential development scenarios for the site, which were distilled
down to three alternative concept plans for consideration by the
Village’s Economic Development Commission. Eight of the ten tables
had similar ideas, with two divergent groups. Analysis of the concepts
led to consensus regarding the development guidelines for the site.
 We then analyzed the
economic feasibility of the alternative concepts to assist Village
staff and officials in selecting a preferred concept plan. A Request
for Developer Qualifications was prepared and distributed in February
2002. The RFQ for developers attracted eight firms. Based on our
evaluation and recommendations, the Village Board selected a “short
list” of three developers from which to request formal proposals. We
evaluated the development proposals and presented our findings to
Village staff and officials.
Results: In January 2003, the Village Board unanimously selected
New England Builders to develop the Town Center. By 2008, more than
half of the available commercial space had been leased, and 60% of the
condominium units and all but one of the lofts had been sold. The
project won a 2007-08 Community Vision Award from the Urban Land
Institute-Chicago for its contribution to urban reinvestment.
- Residential Condomiums: 129
- Residential Lofts (above
retail space): 16
- Total Commercial SF: 42,000
- Total Project Cost: $30
million
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