Mount Prospect Downtown Implementation Plan
This study built off an initial downtown strategic plan completed by the Village in 1998. The Village was successful in implementing much of that plan; this plan focused on the remaining redevelopment opportunity sites and provides recommendations to improve multi-modal access to the Metra station and the Village's downtown.
The final plan is complete and was accepted by the Village Board in December 2013. Construction on the Founders Row rowhomes, at Central and Emerson, was completed in 2013. For more information please visit: http://www.dailyherald.com/article/20130321/business/703219803/.
In fall of 2015 the Village was awarded CMAQ funding for covered bicycle parking at the Mount Prospect Station via the RTA's Access to Transit Improvement Program. Extensive renovation of the station was completed in early 2017.
In March 2018 Mount Prospect took a major step towards implementation when the Village Board approved a six-story, mixed-use development on a key opportunity site identified in the plan. The '20 West' project, located at the intersection of Northwest Highway and Busse Avenue, will include 73 apartments and a two-story restaurant with 78 parking spaces on-site. It will be constructed on a parcel currently occupied by a surface parking lot, across the street from the Mount Prospect Metra station.
In April 2020 the Village approved the development of a five-story apartment building at Central Road and Main Street, two blocks north of the Metra station. The apartments are going on the site of what was once a 26,500-square-foot shopping center that featured an A & P grocery store. The building will include 97 apartment units, a 900-square-foot indoor amenity area on the fifth floor, and a 1,300-square-foot rooftop terrace.
In 2022 construction commenced to build multi-family residential units at the vacant, former Police/Fire building at 112 E. Northwest Hwy. This six-story, 88-unit mixed-use residential building is located across from the Mount Prospect Metra station.
Although this site was not identified as an opportunity site in the plan, the Village approved plans in 2021 for a $26 million redevelopment of Prospect Place, located at the intersection of W Prospect Avenue, W Evergreen Avenue, and S Willie Street. This project, called 1 W Prospect, will include construction of a five-story, 80-unit building with ground floor retail.
| Source | Amount |
|---|---|
| RTA | $78,876 |
| Local | $19,719 |