economic development

Homewood to purchase building once part of proposed development

Homewood agreed to purchase the vacant Triumph building at the corner of Ridge Road and Martin Avenue and village officials hope to reignite a development plan at the key location in downtown Homewood.

Triumph building purchase on board agenda Tuesday

Homewood officials have reached an agreement to purchase a vacant building that has for some time been featured in its plans for downtown redevelopment.

Trustees on Tuesday will have an opportunity to approve a contract on the building at 2033-2045 Ridge Road and 18042-18044 Martin Avenue, commonly referred to as the Triumph Building.

CN official lauds company relationship with Homewood

Diverse. Stable. Respectful. Those are the characteristics of Homewood that attracted Canadian National Railway to the village and persuaded company officials to locate its U.S. training center here, according to John Orr, CN senior vice president of operations. 

Land bank authority eyes redevelopment of three Homewood buildings

Homewood Village Board members approved an intergovernmental agreement with the South Suburban Land Bank Development Authority at their Jan. 23 meeting, setting in motion a process to redevelop three vacant properties. The board also approved variances for Freddy's Frozen Custard, which plans to open a restaurant on Halsted Street later this year.

Land off Halsted in Homewood sold to developers, parcel donated to IDOT

Two new restaurants may be coming to land near the corner of 175th and Halsted Streets in Homewood. The village is selling land near the intersection to developers and donating space to the Illinois Department of Transportation following action by the Homewood Village Board Sept. 12.

Homewood to consider selling land to developers

At their regular board meeting Tuesday, Sept. 12, Homewood trustees will consider selling three parcels of land at the northwest corner of Halsted and 175th streets that would enable redevelopment of the property.

Two developers are involved in the purchase. One developer, GMX, plans to build restaurants on the site. 

Homewood trustees to consider economic development measures, mining special use permit at Tuesday meeting

The Homewood Board of Trustees will have several economic development-related measures to consider at its regular meeting at 7:30 p.m. on Tuesday. 

It will also consider granting a special use permit to allow Hanson Materials to conduct mining, blasting and extraction of aggregate in the quarry area just south of Interstate 80/294 and east of Halsted Street.

Homewood hires Mesaros as director of economic development

Homewood officials announced Friday, March 17, that the village has hired Angela Mesaros as director of economic development. She starts work on Monday, March 20.

Walmart opens new supercenter in Homewood

Walmart's new supercenter at 175th and Halsted streets opened its doors early Wednesday, Oct. 26, with fanfare provided by the Homewood-Flossmoor High School marching band and cheers by the store's staff. Walmart and village officials marked the occasion with a ribbon-cutting ceremony presided over by Homewood Mayor Richard Hofeld.

Homewood hires consultant to help with development projects

Homewood officials have spent more than half a year laying the foundation for new redevelopment projects in the downtown area. On Tuesday, Aug. 23, one more piece was added to that foundation. Trustees approved a budget amendment for $83,750 and authorized Village President Richard Hofeld to enter into a contract with SB Friedman Development Advisors to serve as financial consultants for transit-oriented and other development projects.

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