Chicago-based REVA Development Partners has broken ground on a 288-unit luxury rental community in north-suburban Wheeling, Ill., called Northgate Crossing. REVA is partnering with Chicago-based Blue Vista Capital Management on the development.
Located at 250 Northgate Parkway, Northgate Crossing is part of the village’s Town Center district which is anchored by the municipal campus, fitness and aquatic centers, large-scale Heritage Park redevelopment and an existing Metra Station. The village also recently signed an agreement for the additional development of future residential and retail on an existing 17-acre village-owned parcel.
“The village board has worked tirelessly on this exciting town center development area, and we’re very happy to be such an integral part of it,” said Matt Nix, principal of REVA Development. “With such a wide variety of retail, office development, park space, and, of course, residences within walking distance of the Wheeling Metra station, the town center is sure to become a destination for people in the north suburbs to live, work and play.”
The 20-acre Northgate Crossing development will feature nine three-story apartment buildings on a heavily landscaped, amenity-rich site. The apartment homes will include one-bed/one-bath and two-bed/two-bath plans measuring approximately 700 to 1, 200 square feet.
Amenities will include an approximately 7,000-square-foot clubhouse with a fitness center, club room, demonstration kitchen, gaming/theater room and management offices. Residents will also enjoy an outdoor swimming pool, outdoor kitchen, ample patio seating, an outdoor fire pit, a bocce ball court, a dog park, walking paths and a landscaped water feature.
Northgate Crossing is located just north of Dundee Road on Northgate Parkway, approximately 1 mile west of Milwaukee Avenue. It is roughly 2.5 miles from Interstate 294.
Kinzie Builders, a division of Kinzie Real Estate Group, is serving as the general contractor and construction project manager. Kinzie Real Estate Group will also oversee the leasing and management of Northgate Crossing. Financing for the development was provided by Fifth Third Bank.
