A developer appeared before the Barrington village board Monday to pitch a proposal for a mixed-use project downtown featuring 125 apartments, restaurants and 42 “commercial condos” for high-end car owners.
Restaurants, luxury apartments and storage spaces for high-end and classic cars are envisioned for a proposed mixed-use development at Hough and Liberty streets in downtown Barrington.
Barrington resident Joe Taylor, CEO of Compasspoint Development, approached the village board Monday with plans to redevelop a 6.2-acre parcel that would combine the Goltra property, part of which was once a foundry, and the former McGrath Volvo dealership site.
His plans include a four-story building fronting Hough Street, with three levels of apartments above first-floor retail and restaurant space, all topped by a Mansard roof.
The 125 apartments would include one-, two- and three-bedroom units. Market research indicates they would attract empty nesters, people who are downsizing and those who wish to rent while a house is being built, Taylor said.
Taylor plans to own one restaurant there and have a third party operate it.
“We will tailor that restaurant for what is missing or lacking in the downtown Barrington market,” he said.
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