The Oak Park Economic Development Corporation (OPEDC) is expected to give its recommendation on a preferred developer for the village-owned parking lot on the northeast corner of Oak Park Avenue and Madison Street at the next Oak Park Village Board meeting, set for Oct. 29.
The announcement that OPEDC would provide the board with the recommendation was revealed at an Oak Park Finance Committee meeting on Oct. 22.
The Oak Park Board of Trustees chose Jupiter Realty as the preferred developer for the project in 2016, but the development proposal stalled when Jupiter was unable to secure an anchor tenant for the project.
Jupiter reached a tentative agreement with Mariano’s in 2016 for the project, which would have spanned Madison Street to include parcels of land on both sides of the roadway from Oak Park to Wesley avenues and bending part of the roadway to accommodate the grocer on the south side of Madison Street.
More recently, the developer says it has signed a letter of intent with Jewel-Osco for a new version of the project that would not bend the roadway, but instead places the grocer on the north side of the street.
Proposals from three developers were submitted in response to the village’s request for proposals.
Trustee Simone Boutet said she would like to hear presentations from all three developers, rather than take the recommendation from the OPEDC without a detailed review of the other projects. Oak Park Mayor Anan Abu-Taleb and other trustees ended the meeting without exploring the suggestion.