$43 million Hanover Park retirement community opening this spring
Aman Living, a Frankfort, Illinois based developer that combines real estate and medical expertise to create active adult communities, held a celebration at its newest development, Verandah Retirement Community in Hanover Park.
Designed to celebrate a variety of ethnic lifestyles, such as Indian, American and Asian, the maintenance-free Verandah will provide a continuum of care allowing active adults to age in place by offering 55 townhouses, 75 condominiums, an 80-bed facility with 68 assisted living units and 12 memory care studios and a clubhouse. The community is programmed to offer a fusion of cuisine, activities, entertainment, traditions and cultures for seniors of all backgrounds.
"After first envisioning this development then moving through the process of vetting multiple land parcels, working with the design team and securing financing, it's very exciting to introduce this new community that is unlike anything else in the Midwest," said Dr. Anuja Gupta, a cardiologist and general partner of Aman Living. "
The property is at 900 Irving Park Road in Hanover Park. Located on 11 acres along the north side of Irving Park Road just west of the Elgin-O'Hare Tollway, the $43 million Verandah Retirement Community is expected to finish construction on all townhouses by next year, with first move-ins taking place in the spring. The condominium building will break ground in the fall of 2019.
Base-priced from $290,000 to $450,000, townhouses at Verandah will range from 1,450 to 2,000 square feet and include two to three bedrooms, 2 to 2½ baths and an attached one- or two-car garage. Full, unfinished basements are optional. Buyers can choose from a two-bedroom, two-bath ranch plan or a two-story, three-bedroom, 2½-bath floor plan with a first-floor master suite.
"We've had an overwhelming positive response since we opened sales in the summer," said Gupta. "As of early October, we've already sold 11 townhouses. Verandah offers the perfect solution for seniors looking to continue their active lifestyle and participate in unique cultural festivities close to home. Our high-quality designs combined with the property's location near many temples, grocery stores and restaurants are attracting empty nesters and retirees wanting to remain close to family."
At the center of Verandah will be its 20,000-square-foot clubhouse, which will provide a number of opportunities for seniors to socialize. The dining facility at the clubhouse will serve lunch and dinner daily, offering global vegetarian cuisine. Additional clubhouse amenities will include a recreation room, gym and activity studio, computer and library room, beauty shop and theater. Gala-style festivals and holiday celebrations from different cultures will also take place in the clubhouse.