CHICAGO – The co-development team of Conor Commercial Real Estate, a national real estate development firm and a member of The McShane Companies, and Ravine Park Partners (RPP), a Jeff Annenberg and Greg Moyer company, is pleased to announce the groundbreaking for Woodview Apartments, a new 248-unit luxury apartment development in Deerfield, Illinois. Prominently situated at Deerfield Road and Interstate 94 in the north suburban Chicago market, the multi-family development will provide luxury rental residences incorporating an upscale array of features together with well-appointed tenant amenities. The co-development team will begin tenant occupancy in first quarter of 2015 while the remaining portions of the complex will be completed in summer 2015.
The four-story, 432,000 square foot apartment development will be constructed with thoughtful architectural and landscape design in order to seamlessly integrate into the surrounding neighborhood while emphasizing pedestrian views and open spaces. In keeping with this design concept, the development will feature a central core consisting of a structured parking deck that supports parking for 422 vehicles. This ‘wrap’ design eliminates the parking structure’s visibility and enhances the aesthetics of this contemporary Class A residential property.
Within the 248-unit complex, a mix of luxury studio, one-, two- and three-bedroom floor plans will be arranged throughout the four levels of the building and will feature high-end finishes and appliances. An integrated two-story community clubhouse located on the first and second floors will offer numerous tenant amenities including a state-of-the-art fitness center, demonstration kitchen, business center, conference room, theater/entertainment venue, bicycle shop and lounge area.
In addition to indoor amenities, Woodview Apartments will also boast various specialty outdoor spaces for tenants to enjoy including a resort-style swimming pool, outdoor dining and sporting areas, landscaped courtyards, community gardens, pedestrian walkways and a dog park.
“On behalf of Conor Commercial and RPP, we’re looking forward to the development of one of the first luxury residential properties of its kind within the Village of Deerfield,” remarked Jim McShane, Chief Executive Officer of Conor Commercial Real Estate. “We are confident that Woodview Apartments will provide a highly-desired residential opportunity to residents of Deerfield and the nearby communities by offering a sophisticated rental environment incorporating features of urban living while maintaining the serenity and recreational opportunities of its suburban location. Our team has emphasized elegant and contemporary design elements throughout the development coupled with upgraded features and tenant amenities.”
McShane Construction Company is serving as general contractor for the project while HPA Architecture is providing the comprehensive architectural services for this luxury multi-family residential development.
For additional information on Woodview Apartments, please visit the property’s web site at www.woodviewdeerfield.com.
About Conor Commercial Real Estate
Conor Commercial Real Estate is the integrated real estate development and investment arm of The McShane Companies headquartered in suburban Chicago, Illinois with regional offices located in Austin, Dallas, Houston, Phoenix and Irvine. Conor Commercial Real Estate is active on a local, regional and national basis in the development of master-planned industrial and office parks, medical office developments, speculative industrial and office properties, build-to-suit projects for lease or purchase and real estate investment opportunities. For more information on Conor Commercial Real Estate, visit the firm’s web site at www.conorcommercial.com.
About Ravine Park Partners
Founded by Greg Moyer and Jeff Annenberg in 2009, Ravine Park Partners (RPP) is a commercial real estate investment and development company with expertise in the acquisition, financing, leasing and management across a broad spectrum of asset size and type. With nearly sixty years of combined industry specific expertise, RPP’s founders have managed, acquired and developed in excess of $500,000,000 of apartment, office, industrial, medical and retail buildings.