Kinzie Builders to start work on five multifamily developments
CHICAGO -- Kinzie Builders has announced the firm plans to start construction on five new multifamily developments located throughout the Chicago area early this year. In total, the general contractor is scheduled to build 91 rental townhouses and 356 traditional apartments across Chicago's Galewood and West Town neighborhoods, and in the suburbs of Crystal Lake, Mount Prospect and Oak Forest.
"Both the city of Chicago and its suburbs continue to experience a robust rental market, and developers are eager to get projects started in order to meet the escalating demand for new and stylish apartments and townhouses," said Steve Spinell, principal of Kinzie Builders. "Our rental townhouse portfolio looks particularly strong in 2022 as developers feel confident the lack of housing inventory, coupled with the desire for more space as people continue to work from home at least part of the time, will create greater demand for the rental townhouse lifestyle."
The three suburban Kinzie Builders projects breaking ground this year include:
• Crystal Lake & Main -- Designed by BSB Design Inc., the community will include 48 apartments and 51 townhouses just a short walk from the Crystal Lake Metra rail station. Developing Crystal Lake & Main are Hamilton Partners and Harlem-Irving Companies.
• HQ Residences -- The 88-unit rental building is located across from the Mount Prospect Metra station in downtown Mount Prospect and designed by OKW Architects. The development team includes Harlem-Irving Companies, Hamilton Partners and T2 Investment.
• 157th & Cicero Residences -- Located a brief walk from the Oak Forest Metra rail station and Cicero Avenue Pace bus line in Oak Forest, the community will include 75 apartments and 15 townhouses. The project is designed by OKW Architects with Deshe Real Estate Group serving as the developer.