Live Breaking News & Updates on மில்பர்ன் அவென்யூ

Stay updated with breaking news from மில்பர்ன் அவென்யூ. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

$26.8 million redevelopment of downtown Mount Prospect shopping center gets OK from board


Updated 3/3/2021 9:27 PM
Mount Prospect village board members voted Tuesday to approve the redevelopment of the Prospect Place shopping center, as well as a package of more than $4 million in financial incentives to support the downtown project.
The redevelopment of the property long associated with Keefer Pharmacy calls for the demolition of the current site, bounded by Prospect Avenue, Wille Street, Evergreen Avenue and Route 83.
 
First Equity Group plans to replace it with a $26.8 million, five-story building housing 80 apartments and about 10,000 square feet of ground-floor retail and restaurant space.
Community Development Director Bill Cooney said the village will contribute up to $3.7 million from the Prospect and Main Tax Increment Financing District toward the project. The village also will waive permit fees and about $350,000 in impact fees. ....

Johanna Huberty , Bill Cooney , Paul Hoefert , Richard Rogers , First Equity Group , Transportation Safety Commission , Community Development , Mount Prospect , Prospect Place , Keefer Pharmacy , Prospect Avenue , Wille Street , Evergreen Avenue , Equity Group , Development Director Bill Cooney , Main Tax Increment Financing District , Milburn Avenue , Transportation Safety , Commercial Real Estate , Residential Real Estate , Mount Prospect Newsletter , ஜோஹன்னா ுபெர்டி , ர சி து கூனி , பால் ோஎபெர்த , ரிச்சர்ட் ரோஜர்ஸ் , முதல் பங்கு குழு ,