Madison Street mixed-use development at 7620 Madison Street…
Town of River ForestIllinois- Detected
- Aug 18, 2026
- 75 days ago
- Sector
- Capital Projects
- Est. value
- Free account
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THE 30-SECOND BRIEF
Madison Street mixed-use development at 7620 Madison Street, including residential units and retail space.
The project involves 69 residential units (13 one-bedroom, 42 two-bedroom, 12 three-bedroom, 3 four-bedroom) and 3200 sq ft of retail space. It is a five-story building, 87 feet high. The village is conveying the property for $10 and providing a TIFF reimbursement incentive of up to $2 million plus interest. Parking includes 85 spaces (54 indoor, 22 garage, 9 outdoor) with an additional 44 lift-capable spaces. The project is expected to generate significant property tax revenue for the village and schools. The approval is subject to several conditions discussed during the meeting.
From the meeting
- Source
- Village Board Meeting
- Meeting date
- August 18, 2026
- Agency
- Town of River Forest
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