Developer has plans for vacant downtown Lisle site

Article updated: 2/19/2014 5:34 AM

Lisle has approved a letter of intent with Naperville-based Marquette Companies for the sale and development of the old village hall site at Main Street and Burlington Avenue in downtown. The property has been vacant since 2003.

Mark Black | Staff Photographer

More than a decade after Lisle demolished its old village hall, officials are hoping to sell the downtown property to a company that would construct a mix of apartments and retail space.

Village board members this week approved a "letter of intent" with Naperville-based Marquette Companies for the sale and development of the former village hall site at Main Street and Burlington Avenue. The village-owned property has been vacant since the previous municipal building was razed in 2003.

Lisle Mayor Joe Broda said the proposed development could help rejuvenate downtown.

"I want to see people downtown and I want to see businesses come to the downtown area," Broda said.

Village officials say the letter of intent isn't a binding agreement. Instead, it sets the parameters in which Marquette and Lisle will work to complete a formal redevelopment agreement.

Marquette, which is developing the Water Street District in downtown Naperville, became interested in the Lisle site because it's a downtown location near the train station.

"It (Lisle) has a charming downtown," said Jeff Prosapio, Marquette's director of development. "We think the development of this site will add to it, enhance it and help it grow to its natural vibrancy."

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Developer has plans for vacant downtown Lisle site