The Residences at Kelmscott Park in downtown Lake Forest continue to speed towards completion.
Developers are looking to make big investments in the Near West Side neighborhood
BY JAY KOZIARZ JUN 7, 2017
The 410 units of the rebranded SCIO apartments are being renovated and will be joined by a new 19-story tower.
While the West Loop continues to heat up, some of the energy is migrating south over the Eisenhower Expressway to Chicago’s University Village/Little Italy neighborhood. With its proximity to downtown and the Illinois Medical District, transit options, and an established commercial corridor on Taylor Street, developers are taking notice. At a meeting last night, several upcoming developments were shown to residents—many of which were surprisingly eager to see their neighborhood’s vacant and underutilized land revitalized.
by Jason Porterfield
The story of the luxury real estate market in Chicagoland is really a tale of two markets. The city’s skyline is dotted with cranes as new buildings go up to accommodate more high-end apartments and condos. But in the suburbs, a dearth of new homes has led to strong demand among luxury buyers for existing homes and the few new developments that are under way.
Amie Rowland April 25, 2017 11:09 am ET
VERNON HILLS, IL – Area shoppers will soon have more retail options as a new upscale mall recently broke ground in Vernon Hills. Located on nearly 33 acres at the northeast corner of Milwaukee Avenue and Townline Road, Mellody Farm has already signed on some major tenants, including Whole Foods, outdoor retailer REI, Home Goods and Nordstrom Rack with plans to announce more stores and restaurants in the coming months.The $200 million project will also include a residential component with 260 apartments on site, according to the Vernon Hills Review.
The Parker at Fulton Market has been selected as a finalist for ULI’s 2017 Vision Award. Projects selected for this award are examples of excellence across “the full development process – construction, economic viability, marketing, and management—as well as design – and promote best practices in development”. Winners in this category utilize creativity across process, partnerships, problem-solving and design.
On April 21, 2017, the Focus team will join Regency Centers, Atlantic Realty Partners, and members of the Vernon Hills community to celebrate the ground breaking of Mellody Farm, a mixed use development community is a project consisting of 274,000 SF of retail space and 260 luxury rental apartments at the historic Hawthorn Mellody Farm Dairy site.
April 18, 2017
By ALBY GALLUN
The developers of a 29-story apartment tower in the Fulton Market neighborhood have put the “For Sale” sign up, even before taking the “For Rent” sign down.
A group led by Chicago-based Shapack Partners has hired CBRE to sell the Parker Fulton Market, a 227-unit tower at the southwest corner of Lake and Halsted streets that opened last summer.
Orren Pickell (Orren Pickell Building Group), Tim Anderson (Focus), Mayor Don Schoenheider (Lake Forest), Jack Reisenberg (Lake Forest 3rd ward Alderman) and Christine Kolb (Focus) scoop a ceremonial first dig at the Kelmscott Park residential property site November 3 morning in Lake Forest.
LAKE FOREST — Lake Forest officials and representatives of the real estate and development communities broke ground November 3 on Kelmscott Park, which will add a mix of 165 new housing opportunities at the northwest corner of Laurel and Western Avenues.
Units at Courthouse Square Apartments in downtown Wheaton have 9-foot ceilings, in-unit washers and dryers and white quartz kitchen counters. (Eric Hausman / Marquette Management)
For nearly a century, the neighborhood surrounding Wheaton’s downtown red-brick courthouse and its signature clock tower served the legal and civic needs of DuPage County.