Die Cast Site P3 Redevelopment Opportunity (RFEI)

Agency: Woodstock city
State: Illinois
Type of Government: State & Local
Posted Date: Feb 27, 2025
Due Date: Apr 4, 2025
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Bid Title: Die Cast Site P3 Redevelopment Opportunity (RFEI)
Category: RFQ/RFP
Status: Open
Description:

The City of Woodstock, Illinois, invites innovative and experienced developers to submit expressions of interest for the transformative redevelopment of the Die Cast Redevelopment Site - a 9-acre opportunity in the heart of Downtown Woodstock. The site, located adjacent to the Metra Rail Station and positioned within one of the Midwest's most charming and historically rich downtown districts, offers a rare chance to create a premier mixed-use development in a rapidly growing suburban market. The planned Metra Warming Station will enhance commuter convenience, while the Woodstock Metra Railyard Project is expected to increase service capacity, potentially boosting ridership and accessibility for residents and visitors.

Woodstock is embarking on a bold new era of growth, leveraging its historic assets, expanding infrastructure, and a pro-development municipal approach to create a thriving destination for residents, businesses, and visitors alike. The City owns the Die Cast site, which is located within an established TIF District and is intended to be included in a future new TIF District. The City is committed to partnering with the right development team through a public-private partnership opportunity. The Die Cast Redevelopment Site is part of a broader strategy for Downtown Woodstock's revitalization, with opportunities to align this development with other key initiatives and investment areas.

The City is excited to engage potential development partners through this RFEI to identify market-aligned, impactful redevelopment concepts. The most promising respondents may be invited to participate in a formal RFP Process, leading to an exclusive development agreement.

The City envisions the Die Cast Redevelopment Site as a high-quality, mixed-use destination with the potential to integrate:

Residential Options: A variety of multi-family housing types to accommodate diverse demographic needs and lifestyles.
Retail & Dining: Ground-floor activation along key corridors.
Office Space: Modern, flexible workspace.
Entertainment/Experiential Components: Cultural venues, recreational facilities, interactive spaces.
Public Amenities & Green Space: Pedestrian-friendly features and community gathering spaces.

Developers are encouraged to propose market-driven, innovative concepts that align with the City's Downtown Development Plan and Comprehensive Plan. The project should reflect a vibrant urban experience, activate the streetscape, and enhance Downtown Woodstock as a regional destination.

Publication Date/Time:
2/7/2025 10:00 AM
Closing Date/Time:
4/4/2025 5:00 PM
Related Documents:
View Document(s)
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