ORLAND PARK, IL-The village here is hoping to gain a powerful developer to take on a 65-acre vacant parcel here, with more than 2,000 feet along LaGrange Road about a mile north of the Interstate 80 interchange. Podolsky Northstar Corfac International is representing the owner, a private investor, but village officials have already suggested four mixed-use plans.

 The road is one of the top retail corridors in suburban Chicago, with stores stretching for miles through many communities. The village is already almost fully built out for retail, with about five million square feet. The property is not far from Orland Square Mall, which is 98% leased, and other national retailers along LaGrange that include Costco, Lowe’s, Macy’s and Sears.

 John Homsher with Podolsky says the land, now an empty field, is zoned as Estate Residential District, allowing 1-acre home sites. However, he says the village has set the site to be zoned mixed-use in its designated Comprehensive Plan. “When we met with the village they had four or five schematics for the site that contained components of retail, medical office, hotel, and maybe some multifamily,” he tells GlobeSt.com. “This area would be great for a large retail project, the average income is about $98,000 within a five-mile radius. In a couple of years, a project here would be poised to hit the development cycle just right.”

 He says there has been some interest, including half a dozen meetings at the ICSC Deal Makers conference last month. though one client is looking at 20 acres. “We’re not sure the client wants to subdivide. If they do split it up, they’d likely sell it in two pieces.