Concept drawing of the preliminarily approved downtown mount prospect apartments mixed-use building of 73 luxury apartments and a two story restaurant with terrace, located in downtown Mt. Prospect at the northeast corner of Wille and Northwest Highway. First occupancies are projected for summer of 2019.
Members of the the Mount Prospect Planning & Zoning Commission will be presented with final development plans Feb. 22 for a luxury apartment building to be constructed downtown.
Pending commissioners’ approval, village trustees will tentatively hear plans for final authorization Tuesday, March 6.
In September, trustees granted preliminary approval for a mixed-use luxury apartment building at 20 W. Northwest Hwy., near Busse Avenue and Wille Street, by developer Nick Papanicholas Jr. of Nicholas & Associates.
Papanicholas said there are no major changes from the preliminary to final plans. “Things are pretty consistent and no substantial changes,” he said.
The six-story building would contain 73 units and a two-story restaurant. It would include a mix of four studio units, 46 one-bedroom and 23 two-bedroom units.
The restaurant is expected to be occupied by Mia’s Cantina, currently located at 143 W. Prospect Ave. in downtown Mount Prospect. Papanicholas said he continues to have discussions with Mia’s on a lease agreement, but said separate village approval is required for the restaurant’s 5,300 square foot space.
Pending board approval, Papanicholas said the project should break ground in April and take about 12-to-14 months to complete. The building should open in June 2019, he said, at which point he intends to hang onto the development and fully lease it.
“This will be a great addition to downtown,” he remarked.
Underground parking is proposed for the building, and Busse Avenue would be closed off at Wille Street. A new north/south drive would connect Busse to the public alley on the north side of Busse.
Amenities proposed for the building include an 1,100 square foot common area with a fireplace and coffee bar; workout facility and yoga studio; outdoor deck above the restaurant; a rooftop terrace; and a rooftop “puppy park.”
Construction would require breaking down the outdoor ice rink currently operating on Busse Avenue, which Papanicholas said should occur in February. He said the rink has been good for the community since it opened in November, but it has been challenging to run with the recent changing weather conditions.
A more permanent outdoor rink is expected to be built on Prospect Avenue in the next couple years, Papanicholas said, as part of a mixed-use development planned for the former Parenti & Raffaelli property at 215 E. Prospect. This past fall, Parenti moved to a 60,000 square foot facility at 1401 Feehanville Dr. in the Kensington Business Center.
Now that Papanicholas and his company have purchased the former Parenti site, he said demolition of those buildings, set to begin March 1, should take 30-to-45 days to complete. He said plans are still being drawn up for redeveloping the site, which is eventually expected to consist of between 200-to-250 apartments in four-to-six-story buildings; 40-50 row homes; and between 30,000-to-40,000 square feet of retail space.
Papanicholas said he wants to bring plans for that project to the planning and zoning commission by June or July, followed by village board approval in August. Construction would begin in the fall pending approval.