DES PLAINES, ILL. — The Opus Group has completed construction of Ellison Apartments, a 113-unit apartment complex in Des Plaines. The project, which includes 1,349 square feet of street-level retail space, was a joint venture with Berkshire Residential Investments. Amenities include a fitness center, clubroom, pet spa, game lounge and outdoor amenity deck. A grand opening event is scheduled for Thursday, Sept. 26. Opus served as developer, design-builder and structural engineer. ESG Architects designed the property.
Midwest
CLINTONVILLE, OHIO — Casto and its nonprofit partner, Homeport, have unveiled plans to develop Graceland Flats, a workforce housing community in Clintonville near Columbus. Of the property’s 180 units, 50 percent will be designated for renters who earn between 80 and 100 percent of the area median income. Project financing comes from the Federal Housing Administration’s construction loan program and the Affordable Housing Trust for Columbus and Franklin County. Amenities at the property will include a pool, outdoor fireplace and bike storage. A timeline for completion was not disclosed.
ELWOOD, ILL. — Premier Design + Build Group has delivered a new warehouse for Midwest Warehouse & Distribution System in Will County’s Elwood. This is the second project Premier has completed for Midwest Warehouse, a full-service logistics company based in Woodridge. Built on a 24-acre site, the new 407,338-square-foot warehouse features a clear height of 36 feet, 70 exterior truck docks, three drive-in doors, 104 trailer parking stalls and 95 car parking stalls. It also includes offices, a conference room, training room and lounge. The build-to-suit project is located at 21157 Walter Strawn Drive, south of Joliet. The project team included Cornerstone Architects Ltd., Manhard Consulting Ltd. and Structures Unlimited.
CHICAGO — The Concord at Sheridan, a 111-unit mixed-income development, has opened in Chicago’s Rogers Park community. Located at 6438 N. Sheridan Road, the site was formerly a surface parking lot. Of the 111 apartments, 65 are designated as affordable for low-income residents and will be leased to renters from the Chicago Housing Authority (CHA) wait list. The other 46 units will be leased as market rate. The project includes 29,400 square feet of retail space, including a 23,200-square-foot Target. Common area amenities include a lounge, game area, fitness center, conference room, amenity terrace and coworking space. The development has a walk score of 92. The seven-story project is the result of a public-private partnership including the CHA and co-developers Three Corners Development, Iceberg Development, Lightengale Group and Cubit Development Group. Market-rate rents begin at $1,041 while the affordable rents are based on a resident’s income. Renters must earn up to 60 percent of the area median income to qualify. Architecture firm GREC designed the project, while Riteway Madison LLC served as the general contractor.
CHICAGO — JLL has arranged a $61 million loan for the refinancing of Hyatt House Fulton Market, a new 200-room hotel in Chicago’s Fulton Market District. Timothy Joyce, Steven Klein and Nicole Aguiar of JLL arranged the five-year, floating-rate loan on behalf of the borrower, a partnership between Sterling Bay and Wheelock Street Capital. Argentic Real Estate Investments LLC provided the loan, proceeds of which will be used to retire a construction loan. The hotel is the only extended-stay product in the market, according to JLL. The new design features an indoor rooftop pool, outdoor patio, fitness center, 1,570 square feet of meeting space, 5,100 square feet of retail space, breakfast dining area, bar and market.
INDIANAPOLIS — Meridian Design Build has broken ground on a 367,808-square-foot speculative industrial building on behalf of developer Exeter Property Group in Indianapolis. The new facility will be situated on a 31.7-acre site at 5325 Seerley Road. The development will feature a clear height of 36 feet, 80 dock positions, four drive-in doors, 304 car parking stalls and 41 exterior trailer stalls. This is Meridian’s fourth project in the Indianapolis market. The project team includes JRA Architecture and Banning Engineering.
WICHITA, KAN. — TGC Group plans to break ground this fall on a 95-room Home2 Suites hotel in Wichita’s Delano District. TGC Hospitality Management will manage the hotel, located at 200 N. Sycamore St. The four-story development is slated for completion in winter 2020. All suites will feature separate living and bedroom space. The pet-friendly hotel will include complimentary breakfast and WiFi.
DEERFIELD, ILL. — Transwestern Commercial Services has brokered the sale of 1717 Deerfield Road in Deerfield for an undisclosed price. The 147,096-square-foot office building rises three stories and offers 50,000-square-foot floor plates. It is currently 21.2 percent leased by accounting and consulting firm Warady & Davis LLP. Gary Nussbaum and Paige Gunn of Transwestern represented the seller, Hudson Advisors. Canada-based investment group Progressif and Schaumburg-based Helios Property Management purchased the asset.
CHICAGO — Skender has completed construction of LinkedIn’s 46,000-square-foot Chicago headquarters expansion at 525 W. Monroe. A staircase now connects the existing space via two floors. The project includes large collaboration areas, open workstations, a salon, mother’s room as well as a fifth-floor amenity space with a garden lounge, game room and music room. California-based LinkedIn’s total footprint in the building is now 185,077 square feet. Skender collaborated with Gensler, ESD Global and Avison Young for the project.
ANN ARBOR, MICH. — Bernard Financial Group has arranged a $44.5 million CMBS loan for the refinancing of 777 E. Eisenhower Parkway in Ann Arbor. The 271,817-square-foot, multi-tenant office property was built in 1975. Dennis Bernard and Joshua Bernard of Southfield-based Bernard arranged the loan with a CMBS firm on behalf of the borrower, 777 Associates LLC.