DOCSLIB.ORG

1187 W Wilson St Green Meadows Apartments 150 Unit Apartment Building Batavia, Illinois - Fox River Valley Neighborhood

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
1187 W Wilson St Green Meadows Apartments 150 Unit Apartment Building Batavia, Illinois - Fox River Valley Neighborhood Underwriting Report 1187 W Wilson St Green Meadows Apartments 150 Unit Apartment Building Batavia, Illinois - Fox River Valley Neighborhood PREPARED BY Robert Petrich 1187 W Wilson St - Green Meadows Apartments SUBJECT PROPERTY Property Details 2 RENT COMPS Map & List 7 Photo Comparison 9 Rent Comps Details 11 Unit Mix Summary 30 Ranking Chart By Bedroom 31 Changes in Rent Comps 34 Rent Trend Charts 37 Rent Trend Data 43 CONSTRUCTION Overall Construction Map & Summary 45 Under Construction Map & List 46 Under Construction Details 48 Deliveries Past 12 Months Map & List 49 Delivered Property Details 51 Construction Summary 54 SALE COMPS Map & List 60 Sale Comp Details 62 Sales Volume 66 Sales Pricing 67 Cap Rates 69 Top Buyers & Sellers 70 DEMOGRAPHICS Overview 73 Age & Education 74 Ethnicity 75 SUBMARKET OVERVIEW Fox River Valley Overview 76 MARKET OVERVIEW 5/25/2017 Bob Petrich Boardwalk Commercial Real Estate 708-917-3333 1187 W Wilson St - Green Meadows Apartments Chicago Overview 95 5/25/2017 Bob Petrich Boardwalk Commercial Real Estate 708-917-3333 Subject Property 1187 W Wilson St - Green Meadows Apartments Batavia, Illinois - Fox River Valley Neighborhood PROPERTY PROPERTY MANAGER No. of Units: 150 Napro Management LTD - Green Meadows A… Stories: 2 (630) 879-8300 Avg. Unit Size: 849 SF Type: Apartments - All Rent Type: Market OWNER Year Built: 1978 Nancy Protter Parking: 225 Spaces; 1.5 per Unit Purchased Feb 2004 Distance to Transit: - $11,800,000 ($78,667/Unit) ASKING RENTS PER UNIT/SF VACANCY 12 MONTH NET ABSORPTION Current: $1,107 $1.30 /SF Current: 2.0% 3 Units Current: 1 Unit Last Quarter: $1,107 $1.30 /SF Last Quarter: 2.0% 3 Units Competitor Total: (4) Units Year Ago: $1,080 $1.27 /SF Year Ago: 2.7% 4 Units Competitor Avg: (0.2) Units Competitors: $1,092 $1.28 /SF Competitors: 5.9% 181 Units Submarket Total: (48) Units Submarket: $1,228 $1.30 /SF Submarket: 5.1% 201 Units Submarket Avg: (1.0) Units UNIT BREAKDOWN Unit Mix Availability Avg Asking Rent Avg Effective Rent Bed Bath Avg SF Units Mix % Units Percent Per Unit Per SF Per Unit Per SF Concessions 1 1 703 68 45.3% 1 1.5% $951 $1.35 $951 $1.35 0.0% 2 1.5 915 60 40.0% 2 3.3% $1,150 $1.26 $1,150 $1.26 0.0% 3 1.5 1,120 22 14.7% 0 0.0% $1,476 $1.32 $1,476 $1.32 0.0% Totals Avg SF Units Mix % Units Percent Per Unit Per SF Per Unit Per SF Concessions All 1 Beds 703 68 45.3% 1 1.5% $951 $1.35 $951 $1.35 0.0% All 2 Beds 915 60 40.0% 2 3.3% $1,150 $1.26 $1,150 $1.26 0.0% All 3 Beds 1,120 22 14.7% 0 0.0% $1,476 $1.32 $1,476 $1.32 0.0% Totals 849 150 100% 3 2.0% $1,107 $1.30 $1,107 $1.30 0.0% Estimate Updated May 15, 2017 SITE AMENITIES Clubhouse Laundry Facilities Maintenance on site Playground Pool Property Manager on Site Storage Space Sundeck Tennis Court UNIT AMENITIES Air Conditioning Cable Ready Carpet Ceiling Fans Dining Room Dishwasher Disposal Heating High Speed Internet Access Kitchen Range Tub/Shower Walk-In Closets Washer/Dryer Washer/Dryer Hookup 5/25/2017 Bob Petrich Boardwalk Commercial Real Estate Page 2 708-917-3333 Subject Property RECURRING EXPENSES Dog Rent $15 Cat Rent $0 Free Water, Trash Removal, … ONE TIME EXPENSES Dog Fee $400 Cat Fee $400 Application Fee $50 PET POLICY Cats Allowed - $0/Mo, 2 Maximum, Maximum Weight 20 lb, One-Time Fee: $400 Restrictions: 400 fee per pet. Dogs Allowed - $15/Mo, 1 Maximum, Maximum Weight 17 lb, One-Time Fee: $400 Restrictions: $400 fee per pet. 5/25/2017 Bob Petrich Boardwalk Commercial Real Estate Page 3 708-917-3333 Subject Property Primary Buiding Buiding Buiding 5/25/2017 Bob Petrich Boardwalk Commercial Real Estate Page 4 708-917-3333 Subject Property Interior Interior Interior Buiding 5/25/2017 Bob Petrich Boardwalk Commercial Real Estate Page 5 708-917-3333 Rent Comparables 1187 W Wilson St Green Meadows Apartments 150 Unit Apartment Building Batavia, Illinois - Fox River Valley Neighborhood PREPARED BY Robert Petrich Rent Comparables Summary 1187 W Wilson St - Green Meadows Apartments No. Rent Comps Avg. Rent Per Unit Avg. Rent Per SF Avg. Vacancy Rate 17 $1,092 $1.28 5.9% RENT COMPS LOCATIONS RENT COMPS SUMMARY STATISTICS Unit Breakdown Low Average Median High Total Units 31 179 208 336 Studio Units 0 2 0 33 One Bedroom Units 0 76 46 224 Two Bedroom Units 16 86 84 200 Three Bedroom Units 0 15 0 124 Property Attributes Low Average Median High Year Built 1964 1980 1975 2017 Number of Floors 2 3 2 11 Average Unit Size 612 SF 853 SF 876 SF 1,040 SF Vacancy Rate 0.9% 5.9% 5.9% 46.7% Star Rating 2.9 5/25/2017 Bob Petrich Boardwalk Commercial Real Estate Page 7 708-917-3333 Rent Comparables Summary 1187 W Wilson St - Green Meadows Apartments Property Size Asking Rent Per Month Per Unit Property Name/Address Rating Yr Built Units Avg Unit SF Studio 1 Bed 2 Bed 3 Bed Rent/SF Lake View Residences 1 - 1972 97 612 $900 $1,000 $1,400 - $1.73 1037 Howell Pl Park Shore Apartments 2 - 1964 160 767 - $1,084 $1,244 $1,549 $1.59 1000-1100 Geneva Rd Springs at Orchard Road … 3 - 2017 60 947 $1,191 $1,365 $1,727 $1,849 $1.59 1801 Oak St The Village at Mill Creek 4 - - 31 941 $890 $1,260 $1,638 - $1.53 39W250 Herrington Blvd Prairie Pointe Apartments 5 - 1972 228 843 - $1,070 $1,257 - $1.46 1820 Wessel Ct Butterfield Oaks 6 - 2001 336 877 - $1,167 $1,427 - $1.44 2288 Oakmeadow Dr Ashford St Charles 7 - 1988 208 933 - $1,260 $1,326 - $1.40 1690 Covington Ct Autumn Run Apartments 8 - 1986 320 767 - $967 $1,275 - $1.38 1627 Country Lakes Dr Green Meadows Apartments - 1978 150 848 - $951 $1,150 $1,476 $1.30 1187 W Wilson St Charleston Park Apartments 9 - 1974 71 984 - $946 $1,470 $1,642 $1.30 1815-1821 Howard St Courtyards Village West 10 - 1975 216 753 - $915 $1,095 - $1.28 844 Staghorn Ln Fox Run 11 - 1973 220 876 - $975 $1,276 $1,362 $1.21 145 Walnut Dr Lorlyn of Batavia 12 - 1975 253 798 - $849 $968 - $1.17 1034 Lorlyn Cir St. Charles Place Apartme… 13 - 1975 126 834 - $861 $990 - $1.14 201 N 15th St Butterfield Trails Apartments 14 - 1969 96 702 - $736 $822 - $1.11 102 Laurel Dr Stone Crossing Apartments 15 - 1970 240 909 - $781 $1,002 $1,240 $1.10 1240 Nantucket Rd Fox Pointe Apartments 16 - 2000 248 1,039 - - $978 $1,087 $0.99 2074 Fox Pointe Cir Colony West Apartments 17 - 1975 132 944 - $760 $860 $1,072 $0.90 685 Laurel Dr 5/25/2017 Bob Petrich Boardwalk Commercial Real Estate Page 8 708-917-3333 Rent Comparables Photo Comparison 1187 W Wilson St - Green Meadows Apartments 1 Lake View Residences 2 Park Shore Apartments 3 Springs at Orchard Road 1037 Howell Pl 1000-1100 Geneva Rd 1801 Oak St 97 Units / 11 Stories 160 Units / 3 Stories 60 Units / 2 Stories Rent/SF $1.73, Vacancy 7.2% Rent/SF $1.59, Vacancy 7.5% Rent/SF $1.59, Vacancy 46.7% Owner: Margaret McSheehey Owner: Steadfast Capital Markets G… Owner: Continental Properties Com… 4 The Village at Mill Creek 5 Prairie Pointe Apartments 6 Butterfield Oaks 39W250 Herrington Blvd 1820 Wessel Ct 2288 Oakmeadow Dr 31 Units / 3 Stories 228 Units / 3 Stories 336 Units / 2 Stories Rent/SF $1.53, Vacancy 12.9% Rent/SF $1.46, Vacancy 2.2% Rent/SF $1.44, Vacancy 12.5% Owner: ShoDeen Group, LLC Owner: Axiom Properties Owner: RMK Management Subject Property 7 Ashford St Charles 8 Autumn Run Apartments Green Meadows 1690 Covington Ct 1627 Country Lakes Dr 1187 W Wilson St 208 Units / 2 Stories 320 Units / 2 Stories 150 Units / 2 Stories Rent/SF $1.40, Vacancy 6.3% Rent/SF $1.38, Vacancy 3.1% Rent/SF $1.30, Vacancy 2.0% Owner: The RADCO Companies Owner: - Owner: Nancy Protter 5/25/2017 Bob Petrich Boardwalk Commercial Real Estate 708-917-3333 Page 9 Rent Comparables Photo Comparison 1187 W Wilson St - Green Meadows Apartments 9 Charleston Park 10 Courtyards Village West 11 Fox Run 1815-1821 Howard St 844 Staghorn Ln 145 Walnut Dr 71 Units / 2 Stories 216 Units / 3 Stories 220 Units / 4 Stories Rent/SF $1.30, Vacancy 5.6% Rent/SF $1.28, Vacancy 0.9% Rent/SF $1.21, Vacancy 2.3% Owner: Napro Management LTD Owner: Prairie Management & Deve… Owner: Windy City RE 12 Lorlyn of Batavia 13 St. Charles Place 14 Butterfield Trails 1034 Lorlyn Cir 201 N 15th St 102 Laurel Dr 253 Units / 3 Stories 126 Units / 2 Stories 96 Units / 2 Stories Rent/SF $1.17, Vacancy 2.0% Rent/SF $1.14, Vacancy 11.9% Rent/SF $1.11, Vacancy 6.3% Owner: Austin Highland - Briargate … Owner: St Charles Place Properties … Owner: Anthony Konopacki 15 Stone Crossing 16 Fox Pointe Apartments 17 Colony West Apartments 1240 Nantucket Rd 2074 Fox Pointe Cir 685 Laurel Dr 240 Units / 2 Stories 248 Units / 2 Stories 132 Units / 3 Stories Rent/SF $1.10, Vacancy 7.5% Rent/SF $0.99, Vacancy 1.6% Rent/SF $0.90, Vacancy 0.8% Owner: The Ferndale Property Man… Owner: New Directions Housing Cor… Owner: Globe Management Inc 5/25/2017 Bob Petrich Boardwalk Commercial Real Estate 708-917-3333 Page 10 Rent Comparables 1187 W Wilson St - Green Meadows Apartments 1 1037 Howell Pl - Lake View Residences Aurora, Illinois - Southeast Aurora Neighborhood PROPERTY PROPERTY MANAGER Property Size: 97 Units, 11 Floors Pinnacle - Lakeview Apartments Avg.
Load more

Recommended publications
  • 451 E GRAND AVENUE 4201 STREETERVILLE Welcome to Luxury
    451 E GRAND AVENUE 4201 STREETERVILLE Welcome to luxury. Located in the esteemed One Bennett Park by renowned ROOM DIMENSIONS LIVING ROOM : 27' × 23' architect, Robert A. M. Stern, this gorgeous 3 Bed 3.5 bath, home highlights North, FAMILY ROOM : 16' × 13' South, and West views of the lake, river and the conic Chicago sky-line. Home KITCHEN : 19' × 11' features include a phenomenal layout, light-filled throughout, combo living and PRIMARY BEDROOM : 17' × 14' dining room with separate family room off the chef's kitchen with custom cabinetry SECOND BEDROOM : 11' × 12' and state of the art appliances. All bedrooms feature their own en-suite with THIRD BEDROOM : 11' × 11' custom closets. Hardwood flooring throughout, plenty of storage space, and separate laundry/utility room/Full luxury amenity building featuring 24/7 concierge service, fitness center, indoor & outdoor pools, salon & massage rooms, pet retreat, valet, and much more! 2 Parking spaces included. 3 BEDROOM 3.1 BATH 4 451 E GRAND AVENUE 4201 451 E GRAND AVENUE 4201 5 6 451 E GRAND AVENUE 4201 451 E GRAND AVENUE 4201 7 8 451 E GRAND AVENUE 4201 451 E GRAND AVENUE 4201 9 10 451 E GRAND AVENUE 4201 451 E GRAND AVENUE 4201 11 MAJOR DEVELOPMENT IN RECENT YEARS HAS PUT STREETERVILLE ON THE MAP. In the past two decades alone, dozens of new buildings, high-rises, hotels, stores and institutions have sprung up, bringing with them a flock of residents to the high-energy community. A wide range of housing is available, the majority in high-rise buildings.
    [Show full text]
  • Analysis of Technical Problems in Modern Super-Slim High-Rise Residential Buildings
    Budownictwo i Architektura 20(1) 2021, 83-116 DOI: 10.35784/bud-arch.2141 Received: 09.07.2020; Revised: 19.11.2020; Accepted: 15.12.2020; Avaliable online: 09.02.2020 © 2020 Budownictwo i Architektura Orginal Article This is an open-access article distributed under the terms of the CC-BY-SA 4.0 Analysis of technical problems in modern super-slim high-rise residential buildings Jerzy Szołomicki1, Hanna Golasz-Szołomicka2 1 Faculty of Civil Engineering; Wrocław University of Science and Technology; 27 Wybrzeże Wyspiańskiego st., 50-370 Wrocław; Poland, [email protected] 0000-0002-1339-4470 2 Faculty of Architecture; Wrocław University of Science and Technology; 27 Wybrzeże Wyspiańskiego St., 50-370 Wrocław; Poland [email protected] 0000-0002-1125-6162 Abstract: The purpose of this paper is to present a new skyscraper typology which has developed over the recent years – super-tall and slender, needle-like residential towers. This trend appeared on the construction market along with the progress of advanced struc- tural solutions and the high demand for luxury apartments with spectacular views. Two types of constructions can be distinguished within this typology: ultra-luxury super-slim towers with the exclusivity of one or two apartments per floor (e.g. located in Manhattan, New York) and other slender high-rise towers, built in Dubai, Abu Dhabi, Hong Kong, Bangkok, and Melbourne, among others, which have multiple apartments on each floor. This paper presents a survey of selected slender high-rise buildings, where structural improvements in tall buildings developed over the recent decade are considered from the architectural and structural view.
    [Show full text]
  • Chicago No 16
    CLASSICIST chicago No 16 CLASSICIST NO 16 chicago Institute of Classical Architecture & Art 20 West 44th Street, Suite 310, New York, NY 10036 4 Telephone: (212) 730-9646 Facsimile: (212) 730-9649 Foreword www.classicist.org THOMAS H. BEEBY 6 Russell Windham, Chairman Letter from the Editors Peter Lyden, President STUART COHEN AND JULIE HACKER Classicist Committee of the ICAA Board of Directors: Anne Kriken Mann and Gary Brewer, Co-Chairs; ESSAYS Michael Mesko, David Rau, David Rinehart, William Rutledge, Suzanne Santry 8 Charles Atwood, Daniel Burnham, and the Chicago World’s Fair Guest Editors: Stuart Cohen and Julie Hacker ANN LORENZ VAN ZANTEN Managing Editor: Stephanie Salomon 16 Design: Suzanne Ketchoyian The “Beaux-Arts Boys” of Chicago: An Architectural Genealogy, 1890–1930 J E A N N E SY LV EST ER ©2019 Institute of Classical Architecture & Art 26 All rights reserved. Teaching Classicism in Chicago, 1890–1930 ISBN: 978-1-7330309-0-8 ROLF ACHILLES ISSN: 1077-2922 34 ACKNOWLEDGMENTS Frank Lloyd Wright and Beaux-Arts Design The ICAA, the Classicist Committee, and the Guest Editors would like to thank James Caulfield for his extraordinary and exceedingly DAVID VAN ZANTEN generous contribution to Classicist No. 16, including photography for the front and back covers and numerous photographs located throughout 43 this issue. We are grateful to all the essay writers, and thank in particular David Van Zanten. Mr. Van Zanten both contributed his own essay Frank Lloyd Wright and the Classical Plan and made available a manuscript on Charles Atwood on which his late wife was working at the time of her death, allowing it to be excerpted STUART COHEN and edited for this issue of the Classicist.
    [Show full text]
  • 540 N Lake Shore Dr-2019.Indd
    540 N LAKE SHORE DRIVE, CHICAGO CONFIDENTIALY & CONDITIONS Jameson Real Estate (the “Agent”) has been engaged as the the right, at their sole and absolute discretion, to reject any and all exclusive agent for the sale of the 540 Lakeshore Dr, Chicago, IL (the expressions of interest or offers regarding the Properties and/or to “Properties”), by the Owner (the “Seller”). terminate discussions with any entity at any time, with or without notice. This Offering Memorandum is made subject to omissions, The Properties are being offered for sale in an “as-is, where-is” corrections or errors, change of price or other terms and prior sale or condition and the Seller and the Agent make no representations withdrawal from market without notice. The Agent is not authorized to or warranties as to the accuracy of the information contained in make any representations or agreements on behalf of the Seller. The this information package. The enclosed materials include highly Seller shall have no legal commitment or obligation to any interested confidential information and are being furnished solely interest party reviewing the enclosed materials, performing additional described herein. Neither the enclosed materials, nor any information investigation and/or making an offer to purchase the Properties contained herein, are to be used for any other purpose, or made unless and until a binding written agreement for the purchase of the available to any other person without the express written consent of Properties have been fully executed, delivered and approved by the the Seller. Each recipient, as a prerequisite to receiving the enclosed Seller and any conditions to Seller’s Obligations there under have been information, should be registered with Jameson Real Estate as a satisfied or waived.
    [Show full text]
  • Download the Fall/Winter 2018 PDF
    Fall/Winter 2018 Upon Reflection “We will not promise you happiness. We will not wish you security. For we remember that ‘security is mortal’s chiefest enemy.’ And we know that you can be secure only when you can stand everything that can happen to you. If your school has prepared you for this, it has been a good school.” – Sister M. Madeleva Wolff, CSC This quote from Sister Madeleva comes to mind when it seems like there is so much darkness in our world. Natural disasters on the coasts have cost people of everything, their homes and their belongings. Fires and hurricanes have destroyed towns and taken lives. The Catholic Church is facing a crisis of its own with the release of the Pennsylvania Grand Jury report in August and reports of clergy sexual abuse surfacing. With the allegations, questions of what it means to be Catholic pervades media and our own interior lives. These crises have me wondering, what is next? Facing the unknown is never easy. We’ve seen this firsthand on our campus with Former President Jan Cervelli’s resignation and our leadership transition in October. It caused concern and fear among those who know and love Saint Mary’s. But in the months since Nancy Nekvasil has assumed the interim presidency, our community has come together in ways unforeseen. Students have organized town hall sessions with administration to discuss their concerns. Faculty and administrators have re-envisioned and implemented a new academic services structure to better serve our students. True to our mission, we are responding to the needs of the time.
    [Show full text]
  • Summer Fun! New Tours, New Activities— Member Magazine · Summer 2019 Enjoy Everything the Cac Is Offering This Summer
    SUMMER FUN! NEW TOURS, NEW ACTIVITIES— MEMBER MAGAZINE · SUMMER 2019 ENJOY EVERYTHING THE CAC IS OFFERING THIS SUMMER PAGE 4 WHAT’S NEW ON THE RIVERWALK? PAGE 8 STUDENT VOICES: HEAR FROM OUR TEENS PAGE 12 GENERAL WHAT A YEAR! INFORMATION August marks one year since we opened the Chicago Architecture Center. As we celebrate this momentous anniversary, we’ve CAC HOURS taken a look back to see how far we’ve come. By bringing tours, DAILY: exhibits, education and public programs under one roof, we have 9am (box office, tours & store); created something unique. Our vision has taken root and our 9:30am (exhibits) to 5pm hopes to create a hub for all things architecture where exciting CLOSED: ideas can be shared is coming true. Here are just a few highlights New Year’s Day, of our work as a thought leader in our first year! Thanksgiving and Christmas Hours are subject to change BUILT ENVIRONMENT EDUCATION SURVEY LANDSCAPE REPORT LOCATION In anticipation of a new mayor and In partnership with AIA Chicago 111 E. Wacker Drive city council, the CAC recently issued and the newly formed Chicago Chicago, Illinois 60601 a survey to more than 400 local Architecture Education Network, the design and civic leaders, asking them CAC recently produced and published CONTACT to identify key issues in the city’s the first report to ever document 312.922.TOUR (8687) built environment. The results of the Chicago’s K-12 architecture and design architecture.org survey will inform our conversations education landscape. Our hope is that with the new administration.
    [Show full text]
  • MISSING PIECES Economic Development in Chicago Is a Tale of Two Cities, and the South and West Sides Struggle with the Worst of Times PAGE 27
    These 50 NOTABLE WOMEN EXECS OVER 50 jumped hurdles to get where they are. PAGE 13 JOE CAHILL: Coronavirus has weakened Gogo’s governance. PAGE 4 CHICAGOBUSINESS.COM | APRIL 6, 2020 | $3.50 FORUM: INFRASTRUCTURE MISSING PIECES Economic development in Chicago is a tale of two cities, and the South and West sides struggle with the worst of times PAGE 27 FIND THE COMPLETE SERIES ONLINE STEPHEN J. SERIO J. STEPHEN Big insurer pushes Virus poses mortal envelope on exec pay threat to Sears Blues brass pockets double-digit raises while cutting sta Battered chain has few defenses against retail collapse BY STEPHANIE GOLDBERG CEO in July. Her total compen- Sears on April 3 announced sation surged 120 percent to $31 BY DALTON BARKER it would close stores at least Executive pay keeps climbing at million—about $12 million of Paula Steiner, who stepped down as CEO in A weakened Sears is facing until April 30, and furloughed Blue Cross of Illinois’ parent com- which was severance pay. July, received total compensation last year of what looks like its toughest test a majority of its employees. pany, even as the health insurance Board member David Lesar, who $31 million, including severance pay. yet: retail apocalypse. In addition, it enters the crisis giant lays o workers and took over as interim CEO, Traditional department stores with distinct vulnerabilities. looks for a new strategy. EXECUTIVE PAY: pocketed $6.2 million; rising uncertainty for the en- like Sears are su ering un- e Ho man Estates-based e 10 highest-paid Boards will walk Maurice Smith, who was tire health care industry, and precedented sales declines as company still counts on brick- employees at Health Care a tightrope amid named president, got $3.6 HCSC in particular.
    [Show full text]
  • Downtown Chicago Multifamily Development Pipeline
    CBRE Q1 2020 DOWNTOWN CHICAGO MULTIFAMILY DEVELOPMENT PIPELINE AS OF APRIL 2020 Q1 2020 DOWNTOWN CHICAGO MULTIFAMILY DEVELOPMENT PIPELINE # Project Name Submarket Developer/Equity Status Delivery Date Units 2021 RENTAL DELIVERIES 1 One Chicago Square River North JDL / Wanxiang U/C 20 21 795 2 AMLI 808 Old Town AMLI U/C 20 21 297 3 3300 N Clark* Lakeview Blitzlake Partners U/C 20 21 140 4 Pilsen Gateway Pilsen Cedar Street / Origin U/C 20 21 202 5 Parkline Loop Moceri / Rozak U/C 20 21 190 6 300 N Michigan Loop Magellan / Sterling Bay U/C 20 21 289 7 Cascade Lakeshore East Magellan / Lend Lease U/C 20 21 503 8 Old Town Park III (1100 N Wells St) Near North Onni U/C 20 21 456 9 Triangle Square* Bucktown Belgravia / Lennar U/C 20 21 300 Subtotal 2021 3,172 2020 RENTAL DELIVERIES 10 740 N Aberdeen River West Fifield U/C 2020 188 11 The Grand River North Onni U/C 2020 356 12 Aspire* South Loop Draper & Kramer Inc. U/C 2020 275 13 1900 West Lawrence* Ravenswood Springbank U/C 2020 59 14 Oak and Larrabee Near North Brinshore Development U/C 2020 104 15 2405 W Hutchinson* Lincoln Square KR Developments U/C 2020 48 16 Motif on Belden* Logan Square Inland U/C 2020 100 17 128 S Laflin West Loop Michigan Avenue RE Group U/C 2020 52 18 2701 W Armitage* Logan Square Eco Development U/C 2020 59 19 Edge on Broadway* Edgewater City Pads Leasing Q2 2020 105 20 Porte West Loop The John Buck Company / Lend Lease Leasing Q2 2020 586 21 Logan Apartments* (2500 N Milwaukee) Logan Square Fifield / Terraco Inc Leasing Q2 2020 220 22 Imprint South Loop CMK Leasing
    [Show full text]
  • Introduction 2019-2022 Doormen Agreement.Pub
    FOR ABOMA MEMBER USE ONLY Issued November 2019 Apartment Building Owners and Managers Association of Illinois COLLECTIVE BARGAINING AGREEMENT BY AND BETWEEN APARTMENT BUILDING OWNERS AND MANAGERS ASSOCIATION OF ILLINOIS and SERVICE EMPLOYEES INTERNATIONAL UNION, LOCAL 1 PROPERTY SERVICE DIVISION for the period DECEMBER 1, 2019 THROUGH NOVEMBER 30, 2022 Covering Doorstaff, Receiving Room Employees and Others as defined in Article I INTRODUCTION This booklet is exclusively for the use of ABOMA Members and contains the following: • Pages 1 through 27 Full Collective Bargaining Agreement by and between ABOMA and SEIU Local 1, Property Service Division Covering Doorstaff Receiving Room Employees and Others as defined in Article I for the period of December 1, 2019 through November 30, 2022 • Page 24 Letter of Agreement – Drug and Alcohol Policies • Page 25 Letter of Agreement – Subcontracting • Page 26 and 27 Memorandum of Agreement relating to Sub contracting and sample of Contractor DSMOA SCHEDULE A Pages 1-3 (NIPF) The Buildings (Employers) identified in Schedule A of this Agreement shall contribute for all regular Employees to the SEIU National Industry Pension Fund (hereinafter referred to as the "NIPF") in order to provide retirement benefits for eligible Employees in accordance with the terms of the NIPF. SCHEDULE B Pages 1-3 (401K Pension Savings Plan) The Buildings (Employers) identified in Schedule B of this Agreement shall contribute for all regular employees to the SEIU Local 1 401(k) Savings Plan in order to provide retirement benefits for eligible Employees in accordance with the terms of the 401(k) Plan. SCHEDULE C Page 1 (DSMOA NIPF) The Buildings and sub-contractors (Employers) identified in Schedule C of this Agreement shall contribute for all regular Employees to the SEIU National Industry Pension Fund (hereinafter referred to as the "NIPF") in order to provide retirement benefits for eligible Employees in accordance with the terms of the NIPF.
    [Show full text]
  • Appraisal Report (Self- Contained)
    CBRE VALUATION & ADVISORY SERVICES APPRAISAL REPORT 1000M 1000 SOUTH MICHIGAN AVENUE CHICAGO, ILLINOIS 60605 CBRE FILE NO. 19-164CH-2643-1 GOLDMAN SACHS BANK USA VALUATION & ADVISORY SERVICES 321 N. Clark St. Ste. 3400 Chicago, IL 60654 T 312-233-8689 F 312-233-8660 www.cbre.com October 17, 2019 Mr. Adrian Do GOLDMAN SACHS BANK USA 100 Crescent Court Dallas, Texas 75201 RE: Appraisal of: 1000M 1000 South Michigan Avenue Chicago, Cook County, Illinois 60605 CBRE, Inc. File No. 19-164CH-2643-1 Dear Mr. Do: At your request and authorization, CBRE, Inc. has prepared an appraisal of the market value of the referenced property. Our analysis is presented in the following Appraisal Report (Self- Contained). 1000M is a proposed high-rise development comprised of luxury residential condominium units and minor ground-level retail. The project will be located along South Michigan Avenue in the Loop neighborhood in Chicago, Illinois. The project is planned to contain 450 condominium units throughout 71 floors of residential space. Construction of the improvements are expected to begin in the 4th quarter of 2019 and take approximately 38 months to complete and be in new/excellent condition upon completion. The proposed improvements will be situated on a 0.74-acre site. The subject is proposed and construction has not yet started. Several values have been provided. The “As Is” value estimate represents the value of the underlying land as of the date of inspection. We have also provided a “Hypothetical" As If Complete - Aggregate Retail Value (Condo Units Only)” for the proposed condominium units and an As Complete and As Stabilized values as a market based rental apartment building.
    [Show full text]
  • Development Overview
    DEVELOPMENT OVERVIEW 1000 SOUTH MICHIGAN AVENUE CHICAGO, IL WINTER 2019/2020 *There can be no assurance these objectives will be achieved. An investment in the Offering may incur a selling commission of 4%. Please see the PPM for a complete description of the fees. This is neither an offer to sell nor a solicitation of an offer to buy the securities referenced herein. The offering of membership units in 1000 South Michigan Preferred LLC (the “Company”) is made only by a Confidential Private Placement Memorandum of the Company (the “PPM”). You must read the entire PPM in order to fully understand the risks related to the purchase of units in the Company. The information set forth herein is not indicative of future performance and there is no assurance that the Company will experience similar returns. Time Equities Inc. and Time Equities Securities LLC are affiliates. Securities Offered Through Time Equities Securities LLC, a Member of FINRA. NORTH VIEW OVER GRANT PARK + LAKE MICHIGAN CONTENTS 1000 South Michigan Avenue ...................................................................... 3 Project Overview .......................................................................................... 4 Estimated Project Timeline .......................................................................... 5 Optimized Unit Mix & Product Diversification .............................................. 6 Site Description ........................................................................................... 10 Land Acquisition & Assemblage .................................................................
    [Show full text]
  • Urban Chicago New Construction & Proposed Multifamily Projects 4Q18
    Urban Chicago New Construction & Proposed Multifamily Projects 4Q18 78 165 167 ID PROPERTY UNITS 3 1323 West Morse 50 5 Eight Eleven Uptown 373 30 8 Lathrop Homes Redevelopment 413 11 Wave Lakeview 207 15 Noca Blu 138 16 Addison & Clark 148 17 550 W Arlington Place 91 18 2102 North Natchez Avenue 84 22 ELEVATE Lincoln Park 191 Total Lease-Up 1,695 24 Albion Evanston 270 30 1000 Skokie 304 31 975 West Wilson 149 33 Logan's Crossing 220 34 Link, The 242 37 Fields, The 123 38 2065 North Southport Avenue 56 39 Lincoln Common, The 538 40 Concord at Sheridan 111 49 Edgewater Medical Center Redevelopment 141 50 450 West Belmont 80 52 5050 North Broadway 342 54 1555 Oak Avenue 80 55 7645 North Sheridan Road Renovation 78 166 56 5536 North Sheridan Road Redevelopment 80 57 Windale Redevelopment, The 81 77 58 Eagles Building Redevelopment 134 63 2701 West Armitage 59 Total Under Construction 3,088 65 1801 West Grace Street 62 66 1825 West Lawrence Avenue 166 34 168 67 6145 North Broadway 105 97 115 117 68 4906 North Clark Street 54 54 116 77 Glenview Active Living 169 24 78 Lake Cook Road 240 79 8000 North 153 81 80 8110 Lincoln Avenue 100 81 8700 Apartments 184 82 Jefferson Place 114 80 83 Niles Horizon Senior Living 72 84 Veteran`s Circle 75 79 85 Triangle Square 370 97 1727 Oak Avenue 169 55 98 1900 West Lawrence Avenue 59 99 Lathrop Homes Redevelopment Phase II 619 169 100 Overture Edgewater 174 83 101 4601 North Broadway 197 3 102 3921 North Sheridan 120 103 Dakin Street & Sheridan Road 54 108 2835 West Belden 100 40 Total Planned 3,356 118
    [Show full text]