Tag Archives: Evanston

Evanston aldermen approve nine-story apartment building near downtown

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.

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New Evanston Apartment Building Sells for $70 Million

By: Alby Gallun

1717The 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