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City names preferred developer for Old Town Redevelopment site; purchase-and-sale agreement expected Feb. 17
Summary
Warrenville staff told council they prefer Denver Capital as the developer for Old Town Redevelopment Site No. 2 and will present a purchase-and-sale agreement on Feb. 17 that sets milestones and entitlements; the agreement would not transfer land immediately and public hearings and zoning entitlements remain required.
Community and Economic Development Director Emery updated the Warrenville City Council on Feb. 2 on the Old Town Redevelopment Site No. 2 at Batavia and Warrenville Roads and said staff has identified Denver Capital as the preferred developer.
Emery outlined the multi-year process the city has followed since acquiring roughly 2.38 acres in 2020, including site remediation for contaminated soils and an underground storage tank, demolition, public engagement through the 'Warrenville by Design' process, and a two-phase RFP that first sought local and then regional…
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