Construction picks up on Wood Dale senior living project
After a slowdown, construction is picking back up to revitalize a large senior living project on Irving Park Road in Wood Dale.
The project, which is about half done, is back on track at full strength, said Rick Lynn, an associate with Oak Brook-based Marcus & Millichap, the brokerage company that brought in the construction loan to finish the project.
The project, expected to be completed this spring, includes 147 units, 104 of those designated to assisted living and another 43 for memory care. The $30 million project is taking place at 276 E. Irving Park Road on 2.79 acres.
Randall Residence was named the new operator of the senior living facility. The Lawton, Michigan-based company runs assisted living facilities in Ohio, Michigan and southern Illinois.
"This is the first one for them in the Chicago market," Lynn said.