REBusinessOnline

Wingspan Development, Integrated Capital Underway on $60M Apartment Community in Plainfield, Illinois

Sixteen|30 will feature 284 garden-style units.

PLAINFIELD, ILL. — Wingspan Development Group and Integrated Capital Management have formed a joint venture to develop Sixteen|30, a $60 million apartment community in Plainfield, about 40 miles southwest of Chicago. The 284-unit garden-style property is located at 14700 Wallin Drive. Amenities will include a clubhouse, swimming pool, fitness center, package room, bark park and bocce ball courts. The project will feature a mix of studio, one-, two- and three-bedroom units in a variety of floor plans. Construction has commenced with completion slated for spring 2021. “Sixteen|30 will provide much needed multifamily housing to the village of Plainfield, which has been a challenging submarket for developers to obtain entitlements for new multi-tenant residential product,” say the developers. “This high barrier to entry and scarcity of supply is further amplified by underserved demand resulting from Plainfield’s close proximity to multiple employment centers, high ranking school district and overall quality of life.”

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.



Related News

Webinars on Demand


Conferences


Read the Digital Editions

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Ancillary Retail

Student Housing Business

Seniors Housing Business

Featured Properties