Midwest

AURORA, ILL. — Focus, in collaboration with development partner Atlantic Residential and property owner Centennial, has begun the second phase of redevelopment at Fox Valley shopping center in Aurora. This phase includes a 323-unit luxury apartment community as well as a 212-unit seniors housing development, each expected to be completed by fall 2025. In June, Focus completed Lumen, a 304-unit luxury apartment community now being leased at Fox Valley. Being constructed on the site of a former Carson’s store, Phase II will feature apartments with unique amenities such as an outdoor coworking space. The senior living component will offer independent living, assisted living and memory care services. Announcements regarding retail, entertainment and restaurant tenants will be made closer to the completion of Phase II.

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REDFORD, MICH. — DTE Energy has inked a new industrial lease for 528,340 square feet at Pinnacle Logistics Park in Redford, a northwest suburb of Detroit. The property is located at 24400 Glendale Road. Jared Friedman of Friedman Real Estate represented the undisclosed landlord. CBRE represented Detroit-based DTE, which will use the facility to store equipment.

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WESTFIELD, IND. — Developer Mia Rose Holdings has broken ground on Chatham Hills Luxury Living, a 250-unit apartment complex in Westfield, a far north suburb of Indianapolis. The development will feature 124 one-bedroom units, 114 two-bedroom units and 12 three-bedroom apartments across eight buildings. The project will be situated within the Chatham Hills planned residential and recreational development. The community will provide access to a nature trail and lake recreation as well as feature amenities such as a pool, golf simulator, fitness facility and pickleball courts. Completion is slated for August 2024. The project team includes Rosemann & Associates as architect, Midas Construction as general contractor, V3 Cos. as civil engineer and Engenuity as the mechanical, electrical and plumbing engineer.

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CHICAGO — Moody Bible Institute has renewed its 36,956-square-foot industrial lease at 2701 S. Western Ave. in Chicago. Situated in the city’s Little Village neighborhood, the property features a clear height of 20 feet, four loading docks and convenient access to I-290 and I-55. Mandy Lewandowski and Chris Mergenthaler of DarwinPW Realty/CORFAC International represented the landlord, Welbic IV. Julie Lane of Cresa represented the tenant.

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ELGIN, ILL. — Civil engineering firm Hampton, Lenzini & Renwick has signed a 15,129-square-foot office headquarters lease at Fisher Corporate Center in Elgin. The firm will relocate its executive team and office functions from its current space at 380 Shepard Drive in Elgin once the new lease begins in September. The company will continue to use 380 Shepard Drive as a field office. Built in 1993 and located at 1707 N. Randall Road, Fisher Corporate Center rises four stories and totals 436,000 square feet. Amenities include onsite food service, a fitness center and conference center. Jonathon Connor and Steve Kling of Colliers represented the owner, John B. Sanfilippo & Son Inc. David Rogers of RVG Commercial Real Estate represented the tenant.

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DOWNERS GROVE, ILL. — The Opus Group has opened Dash Downers Grove, a 167-unit apartment complex in the Chicago suburb of Downers Grove. The seven-story, 259,000-square-foot building is located at 926 Maple Ave. Residents have started moving in. Amenities include work-from-home suites, a clubroom, fitness center, conference room, coffee bar, outdoor pool, pet spa, outdoor dog run and gaming areas. Monthly rents start at $1,917. As part of the development, Opus is providing 71 dedicated covered parking spaces to neighboring First Baptist Church of Downers Grove. Opus served as developer, design-builder, interior designer, architect and structural engineer. Greystar is the property manager. Opus has completed 15 projects in Downers Grove over the last 40 years.

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CHICAGO — Preservation of Affordable Housing (POAH) has broken ground on Fifth City Commons, an affordable housing development located on a long-vacant site in the city’s East Garfield Park area. Phase I will consist of 4,300 square feet of commercial space and 43 one-, two- and three-bedroom apartment units. Completion is slated for mid-2024. The City of Chicago selected POAH for this project in 2019 as part of the C40 Reinventing Cities competition, an international competition designed to attract highly sustainable development examples to urban sites. POAH has used the time since then for extensive community outreach to ensure the final product reflects the community’s desires. The project is named for The Fifth City Human Development Project, a community development organization active in the area. Fifth City Commons, located blocks from the Chicago Transit Authority’s Green Line and the Blue Line Kedzie train stations, will be reserved for families earning 30 to 80 percent of the area median income. The three-story building part of Phase I will include community rooms, a resident terrace, fitness room, three laundry rooms and onsite management offices. Phase II will be built across the street on the north side of Fifth Avenue and is slated …

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ST. PAUL, MINN. — Colliers Mortgage has provided an $18.3 million HUD 221(d)(4) loan for the substantial rehabilitation of Sherman Forbes Housing in St. Paul. The Section 8 multifamily property features 104 one- and two-bedroom units. Amenities include onsite laundry, a playground, community patio and leasing office. In addition to the HUD-insured first mortgage, the project will utilize 4 percent Low Income Housing Tax Credits and tax-exempt bonds. Colliers Securities LLC, an affiliate of Colliers Mortgage, underwrote the bonds. The 40-year loan features a 40-year amortization schedule. Sherman Forbes Housing Partners LLC, an affiliate of Vitus Group LLC, was the borrower.

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CHICAGO — Kiser Group has brokered the sale of a four-building, 53-unit multifamily portfolio in Chicago for $4 million. Situated in the city’s Chicago Lawn neighborhood, the portfolio features seven one-bedroom units, 34 two-bedroom units, 10 three-bedroom residences, one four-bedroom apartment and one five-bedroom unit. All are fully occupied. John George and Joe Bianchi of Kiser brokered the sale. Buyer and seller information was not provided.

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SHELBY TOWNSHIP, MICH. — The Dufresne Spencer Group LLC dba Ashley HomeStore has signed a lease for 48,700 square feet of retail space in Shelby Township, a northern suburb of Detroit. Dufresne Spencer Group is the largest Ashley Furniture licensee globally, owning and operating more than 163 Ashley retail stores, 29 distribution centers and three corporate offices. The Shelby Township store is slated to open in the fourth quarter. Brian Whitfield of Colliers Detroit represented the tenant in the lease.

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