Village of Mount Prospect Economic Development Commission

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Village of Mount ProspectEconomic Development
Commission

• Annual Business Breakfast
• October 16, 2008

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Economic Development

• Randhurst Village
• Downtown Development
• Retail Activity
• Industrial and Office Developments
• STAR Line
• Commercial Solid Waste Franchise Agreement

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Randhurst Village

• Casto Lifestyle Properties to redevelop Mall
  portion of Randhurst. Tentative schedule
• Mall closed on October 1st
• Interior demolition through end of 2008
• Demolition of Mall structure in early 2009
• Construction of lifestyle center throughout 2009
  and early 2010
• Randhurst Village opens to public in 2nd Quarter
  of 2010

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Randhurst Village

• Lifestyle Center
• 200, 000 square feet of new retail
• 40,000 square feet of 2nd floor office
• Several existing tenants remain
• 120-room hotel
• 16-screen movie theater
• 200 residential units

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Randhurst Village - Concept Plan
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Randhurst Village - Concept Plan
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Randhurst Village - Concept Plan
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Randhurst Village - Concept Plan
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Downtown Development

• New Eateries
• Blues Bar
• Boulevard Cafe
• Canta Napoli

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Downtown Development

• Additional New Retail
• Elements Fitness
• Aqua Nails
• Busse Flowers
• Comix Revolution
• Central Plaza redevelopment

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Downtown Development

• Small Triangle Development
• 97 residential condominiums
• 32,000 square feet of retail/restaurant space
• 291 space parking structure
• Plaza for outdoor dining and events

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Downtown Events

• Saturday Night Car Shows
• Fun Fitness Art Walk
• Fine Arts/Blues Festival
• Downtown Block Party
• Fall Festival
• Oktoberfest
• Christmas Parade/Teddy Bear Walk

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Mount Prospect Plaza

• Recent Tenants
• Panda Express
• Famous Footwear
• Batteries Plus
• Coming in 2009
• Wal Mart expansion

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Lake Center Plaza

• 11 Acres
• 300,000 s.f. of warehouse/distribution (2
  buildings)
• Under construction 2008

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Opus Briarwood Industrial Center

• 27 acre site annexed in 2006
• 2 buildings, 450,000 s.f.
• New Tenants Nissin Customs and Nissin
  International Transport, Amset, JAS Forwarding

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Kensington Business Center

• Cyber Development Group
• Search Development Group
• 601 Kensington mixed-use project
• Advance Giannini
• Peterson Roofing
• Senate Electric

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Other Development - North

• NEC Euclid Wolf (Dunkin Donuts, Northwest
  Evanston Healthcare)
• Holiday Inn

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Other Development - South

• Rauland Borg
• Victoria Banquets
• Emerald Banquets

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Star Line Proposal
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Village Assistance

• Business Visitation Program
• Support MPDMA and Chamber of Commerce
• Web site Shop Dine Events page, business links
• Village Profile, Available Sites Database,
  Demographics, Resource Guide

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Business Development Happens How?

• Connections!
• Suppliers wanting to be closer to MP businesses
• Successful businesses you frequent elsewhere
• Residents relocating their business here
• Ideas?
• Give us a call!

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Commercial Solid Waste Franchise Agreement

• Arc Disposal
• Jason Leib, Administrative Superintendant, Public
  Works Department

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Thank You For Your Attendance!

• Village of Mount Prospect Economic Development
  Commission
• Mount Prospect Chamber of Commerce
• Your comments are welcome. Please contact Bill
  Cooney at [phone].