Project Description

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Church Street Village – Phase I

PROJECT DETAILS:

Location: Evanston, Illinois
Product Type: Residential Townhomes
Project Value: $4,550,000

 

PROJECT DESCRIPTION:

Kinzie Brokerage was retained by a private equity group who purchased the failed Planned Unit Development. At the time of our hiring, the property consisted of 32 townhomes, of which 19 had been completed and sold to individual owners. The remaining 13 units were at stud stage. In addition, the property contained a partially improved pad for another eight-unit building. We successfully worked with the HOA and the City of Evanston to extend the PUD licenses allowing us to complete and sell the remaining 13 units, complete unfinished infrastructure work, and sell the remaining eight-unit townhome pad.