Multifamily

LISLE, ILL. — The Opus Group has completed Avant at the Arboretum, a 310-unit, luxury mid-rise residential development in Lisle, a suburb of Chicago. The four-story apartment building features in-unit washers and dryers, stainless steel appliances, private balconies, granite countertops, nine-foot ceilings, USB charging stations, deep kitchen sinks and 42-inch cabinets. The development offers nine different floor plans and 310 indoor parking stalls. The community also features an outdoor heated swimming pool, patio area, communal gas grills, outdoor fire pit, fitness center, business center, conference center, club room, bike storage area and dog park. Lincoln Property Cos. Manages the property. Opus Development Co. LLC served as the developer; Opus Design Build LLC was the contractor; and BSB Design Inc. was the project architect.

CHICAGO AND ROLLING MEADOWS, ILL. — The Canyon Multifamily Impact Fund has acquired two apartment properties in the Chicago area. York Terrace, a 331-unit apartment complex on Chicago’s southside and the 662-unit Woodfield Crossing apartment community in Rolling Meadows will undergo a series of improvements during the next year. The Canyon Multifamily Impact Fund is a joint venture between Canyon Capital Realty Advisors and Citi Community Capital that addresses the need for higher quality workforce housing in underserved communities across the United States. The joint venture’s improvement program for York Terrace will focus on addressing deferred maintenance and creating new amenities, including a community multi-purpose room, gym, business center and laundry room. Canyon’s improvement program for Woodfield Crossing will include new roofs and more energy-efficient heating and plumbing systems.