Burr Ridge Mayor Talks About 'Major Development'

Burr Ridge IL

29 November, 2021

10:02 AM

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BURR RIDGE, IL — The owner of the old five-story TCF Bank building in Burr Ridge is looking to "actively" sell the land, the mayor said last week. During the summer, Mayor Gary Grasso said in an email to the village administrator that he had been unsuccessful in contacting a TCF representative about the property. He asked whether the village could condemn the vacant site, an idea the administrator recommended against. In September, Grasso suggested a moratorium on the old TCF Bank site, saying it would serve as a red flag to the owner. At its meeting last week, the Village Board enacted a moratorium on most new development in Burr Ridge's downtown, including TCF Bank, County Line Square and Village Center. This is set to last until May, while officials review the zoning codes for downtown, according to the village. Last week, Grasso told the board that TCF's broker has gotten back to the village about the building, telling officials about the plans to "actively" sell the land. "We have some thoughts there," Grasso said. "We will bring them to you when we have more clarity about that." Dealing with the TCF property, he said, is a key to tying County Line Square and the Village Center. Also involved is the parking lot for PACE bus commuters, which "should be in play once we do a major development," Grasso said. The mayor also said the village government is "privy to some knowledge that there are other large parcels about to come on for sale and development in Burr Ridge." He did not indicate which parcels. The TCF Bank property is at 800 Burr Ridge Parkway, next to County Line Square and Village Center.