Village of River Grove Economic Development
Dear Property, Business Owners, and Interested Developer/Investors,
Thank you for your interest in the ongoing process of promoting economic development in the Village of River Grove. We would like to extend a welcoming hand to those interested in investing in our Village. Our Economic Development Department would like to foster a great relationship with you, paving the way to a profitable investment for you and our community.
It is the responsibility of the Economic Development crew to assist existing property owners, including residential, commercial, and industrial property owners, to enhance their current property and/or business operations. In addition, we serve as the conduit of information between those developers and investors who are considering River Grove as the location of their newest venture, and the village administration and private property owners.
Despite the ongoing economic uncertainties, these are exciting times for our village. One national foodservice operation, Subway, recently opened a new location in town. Another national retailer, Hallmark Gift Store, has just opened in our Thatcher Woods Shopping Center. Additionally, a large, long-vacant 90,000 square-foot industrial parcel has just been purchased, rezoned, and is being redeveloped for retail and service uses.
Many more exciting opportunities exist. The village is currently working with the Regional Transit Authority (RTA), the Chicago Metropolitan Agency for Planning (CMAP), and a well-respected urban planning firm, Teska Associates Inc., to develop a comprehensive Transit-Oriented Development (TOD) plan for the area surrounding the Metra Station. Developers of commercial, residential, and mixed-use projects are encouraged to contact us for more details. More information on this project can be found elsewhere on this site in the very near future.
It is the philosophy of this village administration to seek and promote those development projects that will have long-term positive outcomes for the Village of River Grove. By promoting new sources of retail sales-tax revenue, we expect to alleviate the tax burden on our many residential property owners.
It will be our pleasure to assist you in achieving your development goals here in River Grove.