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Economic Development Strategy – Olympia Fields, IL

Market analysis and economic development strategy helps the Village of Olympia Fields target hotel, restaurant, and retail opportunities

  • Market analysis for two commercial corridors in south suburban Chicago
  • Identifying opportunities, constraints, and potential targets, along with the strategy to attract them

Olympia Fields

Requirement

Kretchmer Associates prepared a market analysis and economic development strategy for two commercial corridors for the Village of Olympia Fields, a small but upscale suburb of Chicago.

Approach

Covering everything from retail, restaurant, and entertainment to office and hotel opportunities, we analyzed both vacant and potentially available sites.

The analysis identified the opportunities and constraints facing the village. We also looked at potential targets and outlined a strategy to attract them, including public sector improvements, staff responsibilities, and priorities for near, mid-, and longer-term actions.

Results

The Village is actively in discussions with a hotel developer and restaurateur for two key sites.

Related Projects: Chicago Metro, Commercial & Retail, Municipal

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Kretchmer Associates
807 Davis Street #2004
Evanston, Illinois 60201-7103
(847) 864-8895
vsk@kretchmerassociates.com

About Us

Founded in 1985, Kretchmer Associates is a certified WBE with expertise in all aspects of residential, retail, commercial, and industrial real estate analysis in the Chicago metro area and throughout the rest of Illinois, Indiana, Wisconsin, Iowa, Missouri, Kansas, Nebraska, and Minnesota.
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