Originally published in Evanston Now on April 16, 2018
Construction is getting underway for a nine-story building at 811 Emerson St. in Evanston, with the developers anticipating occupancy of the 241 units will begin in summer 2019 with pre-leasing to start this fall.
This rendering shows the proposed nine-story apartment building at 831 Emerson Street in Evanston. Plans were approved by city council on June 12, 2017. (City of Evanston)
By: Genevieve Bookwalter, Pioneer Press
Evanston city leaders on Monday approved plans for a nine-story apartment building development at 831 Emerson Street near downtown.
By: Alby Gallun
The developers of a brand-new 175-unit apartment building in Evanston sold the project for a hefty gain even before leasing up the project, a sign of the strong investor demand for multifamily properties in the Chicago suburbs.
Atlanta-based pension fund adviser Invesco Ltd. paid about $70 million for the eight-story building at 1717 Ridge Ave., according to people familiar with the transaction. At $400,000 a unit, it is likely the highest per-unit price ever paid for a suburban Chicago apartment property. Continue reading