T
he village of Matteson has acquired the final parcel needed for the redevelopment of the former Lincoln Mall site, making it "shovel ready" for development. The $108,000 purchase brings the total cost of acquiring the 60-acre property to over $633,000. Mayor Sheila Chalmers-Currin said this acquisition will make it easier to attract developers who can transform the site into a vibrant mixed-use community.

    The village has been working towards this goal since Lincoln Mall's closure in 2015 and subsequent demolition in 2018. Plans for Market Square Crossing include residential units, retail spaces, office areas, recreational facilities, and a central open area. The Lord Cos. has divided the property into 14 lots to make it more attractive to potential developers.

    Matteson is not alone in its efforts to revitalize former mall sites. Other regional malls are also undergoing redevelopment plans, including Skokie's Old Orchard Mall and Lombard's Yorktown Center. Past recommendations for Lincoln Mall's redevelopment have included transforming the site into a walkable town center with apartments above retail stores and public spaces.

    The village has created a tax increment financing district to provide incentives for private investment. Mayor Chalmers-Currin emphasized that Matteson is taking its time to ensure the right developers are brought on board, citing the village's strong financial health as a key factor in supporting future development efforts.