EQT Exeter’s U.S. Multifamily team recently purchased Reserve Randall Road, a 380-unit development in West Dundee, Illinois in an off-market deal. Redwood Residential, which is a property management company that is fully integrated with EQT Exeter, will manage the property.
Articles by Bee Ricketts
Permits were issued on Monday to construct a new three-story residential building located at 2653 N Orchard Street in Lincoln Park. Owenbrin LLC has been listed as the permit owner. The scope of work includes three total units and a three-car garage with a roof deck. Demolition permits were issued for this property site last summer.
The Chicago City Council recently approved a rezoning bid for a new low-rise building to be located at 151 N Michigan Avenue in the Loop. The structure is located on a small site overlooking Millennium Park, at the intersection of W Randolph Street and N Michigan Avenue. BJB Partners are developing this new building that will replace a vacant lot, formerly occupied by a restaurant.
On Friday, a demolition permit was issued for a two-story multi-unit residence with a detached garage located at 3849 N Damen Avenue in the North Center neighborhood. The permit’s owners have been listed as 3851 N Damen LLC.
The Chicago City Council has approved the rezoning bid for the upcoming development at 5050 S Prairie Avenue in Grand Boulevard. As previously reported, the site is located at the corner of S Prairie Avenue and E 51st Street, and the project is made up of multiple lots, both privately-owned lots and city-owned along 5036-5044 S Prairie Avenue. The development is led by KLY Development. This project will replace vacant land as well as an unused building near the intersection.