Chicago - Suburban New Construction & Proposed Multifamily Projects 4Q20
24
124 64
ID PROPERTY UNITS 5 25 3 Hawthorn 240 67 65 66 5 Market Square Phase II 50 9 Springs at Kenosha Phase II 200 Total Lease Up 490
63 60 62 24 743 Sheridan Road 96 3 61 25 Gateway Lofts 70 26 The Falls at Pike Creek Phase II 208 9 26 27 Seasons at River View 300 28 28 Strawberry Fields 798 27 Total Planned 1,472 70 68 60 Alford Building Redevelopment 60 61 Fifth Avenue & 59th Street 63 62 Lake Terrace Project 63 63 Project Greeneway 360 64 Sommersville 521 65 Union Court 87 66 Union Park 111 67 Uptown Lofts 104 69 68 104th Avenue 459 69 65th Avenue 100 70 94th Avenue 60 124 Parkview Commons 96 Total Prospective 2,084 1 mi Source: Yardi Matrix
LEGEND Lease-Up Under Construction Planned Prospective Chicago - Suburban New Construction & Proposed Multifamily Projects 4Q20
82 Lake Zurich Road & North ID PROPERTY UNITS Quentin Road 60 1 Seasons at Randall Road 380 83 NWC Old Rand Road & Route 22 100 2 Albion Highland Park 161 84 The Colosseum 450 72 73 85 Plum Farms 230 6 Uptown 500 321 71 Total Lease Up 862 86 300 South Pointe Drive 80 87 625 Wheeling Road 50
10 Maple Street Lofts 257 88 Dunhurst Plaza 55 11 Maple Street Lofts 313 89 Oak Avenue 69 29 19 North Main Street 97 92 Park Pointe 246 Total Under Construction 667 93 The Delamore 600 94 2200 East Devon Avenue 1,000 75 95 Block 56 250 29 Cornerstone of Grayslake 100 76 96 The Boulevard 100 30 Green Bay Road 52 97 Surrey Ridge Senior Residences 74 78 58 31 Solo Cup Redevelopment 501 125 Fox River Grove Phase II 200 74 32 The Springs 280 Total Prospective 5,111 80 33 South Rand Road 162 34 Bell Works 550 32 79 125 30 35 The Algonquin at Old Plum Grove 373 57 33 83 82 36 4 North Hickory Avenue 76 2 37 Ellinwood 212 31 38 One Arlington Phase II 236 77 81 55 Residences at Pingree Creek 306 86 56 56 Residences of Deerbrook 246 6 84 88 57 Fox River Grove 300 87 58 Hawthorn Mall 600 59 Arlington 425 361 89 Total Planned 4,355 1
38 59 71 Belvidere Road & South Thaxter Avenue 190 36 85 55 35 19 72 Green Bay Trail 90 34 95 73 Green Town Redevelopment 200 10 97 11 74 Everleigh of Vernon Hills 188 96 93 37 75 Morris Station 108 76 SB Mundelein Station 201 77 Mill Street & Route 47 196 78 Crystal Village 88 79 Fox River Grove Phase III 176 92 94 80 Hermosa Gardens of Crystal Lake 51 81 Deer Park Town Center Townhomes 59 2 mi Source: Yardi Matrix
LEGEND Lease-Up Under Construction Planned Prospective Chicago - Suburban New Construction & Proposed Multifamily Projects 4Q20
21 91 90
39 8 12 ID PROPERTY UNITS 40 8 The Reserve at Prairie Centre 98 102 46
Total Lease Up 98 99 45
42 17 12 The Fynn 212 44 22 13 Cantera Riverview West 424 41 105 13 15 Cantera Residences 364 16 16 Everton Flats 259 98 15 101 100 17 Oak Brook Commons 250 43 50 104 48 18 Reserve at Hudson Crossing 280 106
20 Montgomery Place 468 103 21 Bloomindgale Trails 90 49 22 The 450 288 Total Under Construction 2,635 47
39 The Prairie Centre Phase II 499 90 DeKalb Commons 585 20 40 Lilac Station 120 91 University Commons 187 41 Yorktown Commons Parcel 4 336 98 Sugar Grove 350 42 Yorktown Phase II 78 99 The Village at Mill Creek 84 18 43 Lincoln at City Gate Centre 285 100 CityGate West 410 107 44 One North Washington Place 186 101 Randall Oaks 261 45 Apex 400 107 102 Glenwood Station 86 46 The Crescent 245 103 5th Avenue 292 47 Copley Hospital Redevelopment 102 104 Main Street & Ogden Avenue 164 48 McDowell Point 174 105 Autumn Oaks 170 49 Metro 59 Phase II 228 106 Civic Center Redevelopment 100 50 Vanguard Cantera 242 107 570 Colchester Drive 50 Total Planned 2,602 Total Prospective 2,739 2 mi Source: Yardi Matrix
LEGEND Lease-Up Under Construction Planned Prospective Chicago - Suburban New Construction & Proposed Multifamily Projects 4Q20
4
7 53 108
ID PROPERTY UNITS 14 109 4 Village Place 216
7 Highland Ridge 240 113 110 23 Total Lease Up 456 112
111 14 Sixteen30 284 123 23 Boulevard at Central Station 66 51 Total Under Construction 350
114 51 Riverwalk Homes Redevelopment 177 52 52 Rock Run Crossing 600 115 53 The Pointe 64 Total Planned 841
108 Redwood at Plainfield 239 109 Seasons of Romeoville 240 110 Boulevard at Central Station Phase II 99 111 Melody Square Subdivision 300 112 Redwood Neighborhood 160 113 Steeple Chase 96 114 Market Square Crossing 600 115 Richton Park Senior Housing 55 123 The Residence at Brookside Glen 144 Total Prospective 1,933 2 mi Source: Yardi Matrix
LEGEND Lease-Up Under Construction Planned Prospective Chicago - Suburban New Construction & Proposed Multifamily Projects 4Q20
116 119 120
118 117
121
122
ID PROPERTY UNITS 54 54 Connecticut Street 275 Total Planned 275
116 Carson Manor 50 117 Gary Manor 60 118 South Calumet Road & East Porter Avenue 62 119 Waverly Road 246 120 Waverly Road Phase II 72 121 Wilson Street Multi - Family Development 100 122 The Brooks at Vale Park 284 Total Prospective 874 2 mi Source: Yardi Matrix
LEGEND Lease-Up Under Construction Planned Prospective Chicago - Suburban New Construction & Proposed Multifamily Projects
PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP
1 Seasons at Randall Road 400 Randall Road West Dundee IL 60118 Lease-Up 380 Carpentersville 12/05/2019 08/31/2021 02/13/2020
2 Albion Highland Park 1850 Green Bay Road Highland Park IL 60035 Lease-Up 161 Highland Park - Libertyville 12/16/2019 07/31/2021 08/06/2020
3 Hawthorn 1070 59th Avenue Kenosha WI 53144 Lease-Up 240 Kenosha - North 11/18/2019 04/30/2021 06/05/2020
4 Village Place 1151 West Normantown Road Romeoville IL 60446 Lease-Up 216 Romeoville 06/01/2017 02/28/2021 09/23/2019
5 Market Square Phase II 3100 Market Lane Kenosha WI 53144 Lease-Up 50 Kenosha - North 03/01/2019 01/31/2021 08/01/2020
6 Uptown 500 500 West Dundee Road Wheeling IL 60090 Lease-Up 321 Arlington Heights 12/08/2018 01/31/2021 03/06/2020
7 Highland Ridge 16234 West 143rd Street Lockport IL 60441 Lease-Up 240 Orland Park 03/01/2019 01/31/2021 08/19/2019
8 The Reserve at Prairie Centre 1988 McThursten Court St. Charles IL 60174 Lease-Up 98 St. Charles 09/30/2018 01/31/2021 05/14/2019
9 Springs at Kenosha Phase II 12742 71st Street Kenosha WI 53142 Lease-Up 200 Bristol 07/29/2019 12/31/2020 02/03/2020
Total Lease-Up 1,906
10 Maple Street Lofts 207 East Prospect Avenue Mount Prospect IL 60056 Under Construction 257 Mt. Prospect 03/16/2020 03/31/2022
11 Maple Street Lofts 215 East Prospect Avenue Mount Prospect IL 60056 Under Construction 313 Mt. Prospect 02/03/2020 02/28/2022
12 The Fynn 183 North Addison Avenue Elmhurst IL 60126 Under Construction 212 Lombard 01/15/2020 12/31/2021
13 Cantera Riverview West 28294 Ferry Road Warrenville IL 60555 Under Construction 424 Batavia 08/26/2019 12/31/2021
14 Sixteen30 14700 Wallin Drive Plainfield IL 60544 Under Construction 284 Bolingbrook 08/14/2020 12/31/2021
15 Cantera Residences 28301 Ferry Road Warrenville IL 60555 Under Construction 364 Batavia 08/26/2019 08/31/2021
16 Everton Flats SEC Albright Street & State Route 59 Warrenville IL 60555 Under Construction 259 Batavia 10/07/2019 06/30/2021
17 Oak Brook Commons 2100 McDonald Drive Oak Brook IL 60523 Under Construction 250 Lombard 03/06/2020 05/31/2021
18 Reserve at Hudson Crossing 94 West Jackson Street Oswego IL 60543 Under Construction 280 Yorkville 01/13/2020 04/30/2021
19 North Main Street 10 North Main Street Mount Prospect IL 60056 Under Construction 97 Arlington Heights 09/02/2019 02/28/2021
20 Montgomery Place 1175 Reading Drive Oswego IL 60538 Under Construction 468 Yorkville 11/30/2018 01/31/2021
21 Bloomindgale Trails 290 Stonington Drive Bloomingdale IL 60108 Under Construction 90 Glendale Heights 01/06/2020 12/31/2020
22 The 450 1S601 Finley Road Lombard IL 60148 Under Construction 288 Lombard 07/22/2019 12/31/2020
23 Boulevard at Central Station 6701 South Street Tinley Park IL 60477 Under Construction 66 Orland Park 11/22/2019 12/31/2020
Total Under Construction 3,652
24 743 Sheridan Road 743 Sheridan Road Kenosha WI 53140 Planned 96 Kenosha - North
25 Gateway Lofts 3515 30th Avenue Kenosha WI 53144 Planned 70 Kenosha - North
26 The Falls at Pike Creek Phase II 6965 70th Court Kenosha WI 53142 Planned 208 Kenosha - South Source: Yardi Matrix Yardi Source: Chicago - Suburban New Construction & Proposed Multifamily Projects
PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP
27 Seasons at River View 77th Street & 105th Avenue Pleasant Prairie WI 53158 Planned 300 Kenosha - South
28 Strawberry Fields 13620 75th Street Bristol WI 53140 Planned 798 Bristol
29 Cornerstone of Grayslake SWC Peterson Road & State Route 83 Grayslake IL 60030 Planned 100 Mundelein
30 Green Bay Road 440 Green Bay Road Highwood IL 60040 Planned 52 Highland Park - Libertyville
31 Solo Cup Redevelopment 1700 Old Deerfield Road Highland Park IL 60035 Planned 501 Highland Park - Libertyville
32 The Springs 1120 Central Park Drive Crystal Lake IL 60014 Planned 280 Crystal Lake
33 South Rand Road 225 South Rand Road Lake Zurich IL 60047 Planned 162 Buffalo Grove
34 Bell Works 2000 West AT&T Center Drive Hoffman Estates IL 60195 Planned 550 Carpentersville
35 The Algonquin at Old Plum Grove 1014 East Algonquin Road Schaumburg IL 60173 Planned 373 Palatine
36 4 North Hickory Avenue 4 North Hickory Avenue Arlington Heights IL 60004 Planned 76 Arlington Heights
37 Ellinwood 1415 Ellinwood Street Des Plaines IL 60016 Planned 212 Mt. Prospect
38 One Arlington Phase II 3400 West Euclid Avenue Arlington Heights IL 60005 Planned 236 Mt. Prospect
39 The Prairie Centre Phase II 2067 Prairie Street St. Charles IL 60174 Planned 499 St. Charles
40 Lilac Station 101 South Main Street Lombard IL 60148 Planned 120 Lombard
41 Yorktown Commons Parcel 4 4 Yorktown Shopping Center Lombard IL 60148 Planned 336 Lombard
42 Yorktown Phase II 2233 South Highland Avenue Lombard IL 60148 Planned 78 Lombard
43 Lincoln at City Gate Centre City Gate Lane & Westings Avenue Naperville IL 60563 Planned 285 Batavia
44 One North Washington Place 121 East Wilson Street Batavia IL 60510 Planned 186 Batavia
45 Apex 400 400 North Main Street Glen Ellyn IL 60137 Planned 107 Wheaton
46 The Crescent Crescent Blvd & Prospect Avenue Glen Ellyn IL 60137 Planned 245 Wheaton
47 Copley Hospital Redevelopment 301 Weston Avenue Aurora IL 60505 Planned 102 Aurora
48 McDowell Point Diehl Road & Raymond Street Naperville IL 60563 Planned 174 Naperville - West
49 Metro 59 Phase II 1016 Station Blvd Aurora IL 60504 Planned 228 Naperville - West
50 Vanguard Cantera 28250 Diehl Road Warrenville IL 60555 Planned 242 Naperville - West
51 Riverwalk Homes Redevelopment 350 North Broadway Street Joliet IL 60435 Planned 177 Joliet
52 Rock Run Crossing NEC Interstate 55 & Interstate 80 Joliet IL 60431 Planned 600 Joliet
53 The Pointe NWC West 143rd Street & SW Hwy Orland Park IL 60462 Planned 64 Orland Park
54 Connecticut Street 9000 Connecticut Drive Merrillville IN 46410 Planned 275 Gary - South Source: Yardi Matrix Yardi Source: Chicago - Suburban New Construction & Proposed Multifamily Projects
PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP
55 Residences at Pingree Creek 1551 Reinking Road Elgin IL 60120 Planned 306 Outlying Kane County
SWC Lake Cook Road & South 56 Residences of Deerbrook Deerfield IL 60015 Planned 246 Highland Park - Libertyville Waukegan Road
57 Fox River Grove Algonquin Road & Lincoln Avenue Fox River Grove IL 60021 Planned 300 Crystal Lake
58 Hawthorn Mall Milwaukee Avenue & East Townline Road Vernon Hills IL 60061 Planned 600 Buffalo Grove
59 Arlington 425 225 West Campbell Street Arlington Heights IL 60005 Planned 361 Arlington Heights
Total Planned 9,545
60 Alford Building Redevelopment 702 58th Street Kenosha WI 53140 Prospective 60 Kenosha - North
61 Fifth Avenue & 59th Street Fifth Avenue & 59th Street Kenosha WI 53140 Prospective 63 Kenosha - North
62 Lake Terrace Project 5th Avenue & 59th Street Kenosha WI 53140 Prospective 63 Kenosha - North
63 Project Greeneway 5522 104th Avenue Kenosha WI 53144 Prospective 360 Kenosha - North
64 Sommersville 72nd Avenue & Somers Road Kenosha WI 53144 Prospective 521 Kenosha - North
65 Union Court 39th Avenue & 40th Street Kenosha WI 53144 Prospective 87 Kenosha - North
66 Union Park 3615 Washington Road Kenosha WI 53144 Prospective 111 Kenosha - North
67 Uptown Lofts 3701 22nd Avenue Kenosha WI 53140 Prospective 104 Kenosha - North
68 104th Avenue 82nd Street & 104th Avenue Pleasant Prairie WI 53158 Prospective 459 Kenosha - South
69 65th Avenue 10529 65th Avenue Pleasant Prairie WI 53158 Prospective 100 Kenosha - South
70 94th Avenue 94th Avenue & 97th Court Pleasant Prairie WI 53158 Prospective 60 Kenosha - South
71 Belvidere Road & South Thaxter Avenue Belvidere Road & South Thaxter Avenue Waukegan IL 60085 Prospective 190 Waukegan
72 Green Bay Trail 61 North Green Bay Road Waukegan IL 60085 Prospective 90 Waukegan
SWC South Sheridan Road & 73 Green Town Redevelopment Waukegan IL 60085 Prospective 200 Waukegan Washington Street
74 Everleigh of Vernon Hills 555 Lakeview Pkwy Vernon Hills IL 60061 Prospective 188 Mundelein
75 Morris Station 101 East Maple Avenue Mundelein IL 60060 Prospective 108 Mundelein
76 SB Mundelein Station 444 East Courtland Street Mundelein IL 60060 Prospective 201 Mundelein
77 Mill Street & Route 47 NWC Mill Street & Route 47 Huntley IL 60142 Prospective 196 Huntley - Woodstock
78 Crystal Village 110 West Woodstock Street Crystal Lake IL 60014 Prospective 88 Crystal Lake
79 Fox River Grove Phase III Algonquin Road & Lincoln Avenue Fox River Grove IL 60021 Prospective 176 Crystal Lake
80 Hermosa Gardens of Crystal Lake 4202 Three Oaks Road Cary IL 60013 Prospective 51 Crystal Lake Source: Yardi Matrix Yardi Source: Chicago - Suburban New Construction & Proposed Multifamily Projects
PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP
81 Deer Park Town Center Townhomes North Deer Park Blvd & North Rand Road Deer Park IL 60074 Prospective 59 Buffalo Grove
82 Lake Zurich Road & North Quentin Road Lake Zurich Road & North Quentin Road Ela Township IL 60047 Prospective 60 Buffalo Grove
83 NWC Old Rand Road & Route 22 South Old Rand Road & State Route 22 Lake Zurich IL 60047 Prospective 100 Buffalo Grove
84 The Colosseum Longmeadow Pkwy & South Randall Road Algonquin IL 60118 Prospective 450 Carpentersville
85 Plum Farms NWC West Higgins Road & Sutton Road Hoffman Estates IL 60192 Prospective 230 Carpentersville
86 300 South Pointe Drive 300 South Pointe Drive Northbrook IL 60062 Prospective 80 Arlington Heights
87 625 Wheeling Road 625 Wheeling Road Wheeling IL 60090 Prospective 50 Arlington Heights
88 Dunhurst Plaza 901 West Dundee Road Wheeling IL 60090 Prospective 55 Arlington Heights
89 Oak Avenue 1001 Oak Avenue Prospect Heights IL 60070 Prospective 69 Arlington Heights
90 DeKalb Commons East Lincoln Hwy & North Peace Road DeKalb IL 60115 Prospective 585 Dekalb
91 University Commons Lincoln Hwy & Pearl Street DeKalb IL 60115 Prospective 187 Dekalb
92 Park Pointe SWC Middle Street & Route 25 Bartlett IL 60177 Prospective 246 Elgin
93 The Delamore NEC Barrington Road & Boardwalk Blvd Hoffman Estates IL 60169 Prospective 600 Schaumburg
94 2200 East Devon Avenue 2200 East Devon Avenue Des Plaines IL 60018 Prospective 1,000 Mt. Prospect
95 Block 56 East Busse Avenue & South Emerson Street Mount Prospect IL 60056 Prospective 250 Mt. Prospect
South Arlington Heights Road & 96 The Boulevard Arlington Heights IL 60005 Prospective 100 Mt. Prospect W Seegers Road South Milbrook Lane & South 97 Surrey Ridge Senior Residences Arlington Heights IL 60005 Prospective 74 Mt. Prospect Surrey Ridge Drive
98 Sugar Grove Interstate 88 & State Route 47 Sugar Grove IL 60554 Prospective 350 Elbum
99 The Village at Mill Creek 39W250 Herrington Blvd Geneva IL 60134 Prospective 84 Elbum
100 CityGate West State Route 59 & Westings Avenue Naperville IL 60563 Prospective 410 Batavia
101 Randall Oaks Miller Drive & Randall Road North Aurora IL 60542 Prospective 261 Batavia
102 Glenwood Station 460 Crescent Blvd Glen Ellyn IL 60137 Prospective 86 Wheaton
103 5th Avenue East 5th Avenue & North Washington Street Naperville IL 60563 Prospective 292 Naperville - West
104 Main Street & Ogden Avenue SEC Main Street & Ogden Avenue Lisle IL 60532 Prospective 164 Naperville - East
105 Autumn Oaks Jorie Blvd & Kensington Road Oak Brook IL 60523 Prospective 170 Downers Grove
106 Civic Center Redevelopment 801 Burlington Avenue Downers Grove IL 60515 Prospective 100 Downers Grove
107 570 Colchester Drive 570 Colchester Drive Oswego IL 60543 Prospective 50 Yorkville Source: Yardi Matrix Yardi Source: Chicago - Suburban New Construction & Proposed Multifamily Projects
PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP
108 Redwood at Plainfield West 143rd Street & South Steiner Road Plainfield IL 60544 Prospective 239 Bolingbrook
109 Seasons of Romeoville 495 South Weber Road Romeoville IL 60446 Prospective 240 Romeoville
110 Boulevard at Central Station Phase II 6701 South Street Tinley Park IL 60477 Prospective 99 Orland Park
111 Melody Square Subdivision 183rd Street & Harlem Avenue Tinley Park IL 60477 Prospective 300 Orland Park
112 Redwood Neighborhood NEC Broken Arrow Drive & Farrell Road Lockport IL 60441 Prospective 160 Orland Park
113 Steeple Chase West 167th Street & Interstate 355 Lockport IL 60441 Prospective 96 Orland Park
114 Market Square Crossing South Cicero Avenue & Lincoln Hwy Matteson IL 60443 Prospective 600 Chicago Heights - North
115 Richton Park Senior Housing SWC Karlov Ave & Sauk Trail Richton Park IL 60471 Prospective 55 Chicago Heights - South
116 Carson Manor East 136th Street & Guthrie Street East Chicago IN 46312 Prospective 50 Gary - West
117 Gary Manor 1064 Jefferson Court Gary IN 46402 Prospective 60 Gary - West
South Calumet Road & 118 South Calumet Road & East Porter Avenue Chesterton IN 46304 Prospective 62 Gary - East East Porter Avenue
119 Waverly Road US Highway 20 & Waverly Road Porter IN 46304 Prospective 246 Gary - East
120 Waverly Road Phase II US Highway 20 & Waverly Road Porter IN 46304 Prospective 72 Gary - East
Wilson Street Multi - Family 121 8200 Wilson Street Merrillville IN 46410 Prospective 100 Gary - South Development
122 The Brooks at Vale Park North Campbell Street & Vale Park Road Valparaiso IN 46385 Prospective 284 Valparaiso
123 The Residence at Brookside Glen South 80th Avenue & West 191st Street Mokena IL 60448 Prospective 144 Outlying Will County
124 Parkview Commons 12th Street & 88th Avenue Kenosha WI 53144 Prospective 96 Kenosha - North
125 Fox River Grove Phase II Algonquin Road & Lincoln Avenue Fox River Grove IL 60021 Prospective 200 Crystal Lake
Total Prospective 12,741
TOTAL CHICAGO - SUBURBAN 27,844 Source: Yardi Matrix Yardi Source:
© 2020 Berkadia Real Estate Advisors LLC. Berkadia® is a trademark of Berkadia Proprietary Holding LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker License #01931050; Vincent B. Norris, CA BRE Lic. # 843890. Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701; and Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details visit: http://www.berkadia.com/legal/licensing.aspx. The information and details contained within this report have been obtained from a third-party and believed to be accurate; however, Berkadia has not independently verified its accuracy. Date of survey: December 2020