A grocery store will soon operate in downtown Mount Prospect as part of the Maple Street Lofts mixed-use development under construction along Prospect Avenue.
Wingspan Development Group, a Mount Prospect-based real estate development company, announced today (Friday) that it has secured a long-term lease with Angelo Caputo’s Fresh Markets, a family-owned grocer.
Caputo’s will occupy the entire ground-level retail space in the newly constructed Maple Street Lofts luxury apartment building. The lease with Caputo’s brings a long-desired grocery store concept to downtown Mount Prospect.
“Angelo Caputo’s Fresh Market is an exciting addition to our Maple Street Lofts development and gives the Mount Prospect downtown district a highly sought-after amenity,” said Chris Coleman, Wingspan’s vice president.
Robertino Presta, CEO of Caputo’s, shares Coleman’s enthusiasm: “We know the residents of Mount Prospect have been asking for something like this in the downtown for a long time and my family is thrilled to be part of Maple Street Lofts.”
Maple Street Lofts, located at Prospect and Maple Street on the south side of the Union Pacific Northwest line railroad tracks, is a $125 million redevelopment that will include 257 luxury rental apartments, 15,000 sq. ft. of retail space, 56 rowhomes and a new municipal parking garage.
Original Article: https://www.journal-topics.com/articles/grocer-to-fill-ground-floor-of-new-mount-prospect-mixed-use-development/
Chris Coleman, VP of Development at Wingspan, periodically shares his thoughts and observations on property development news.