Ryan Companies US Inc. is nearing completion of construction at Thomas Place Gurnee, the 100-unit affordable senior apartment community located at 401 N. Hunt Club Road, Gurnee. Based on this pace of construction, Ryan Companies expects to meet its plans for a phased move-in of residents beginning in April.
Thomas Place Gurnee, a $25.4-million development, is an age-restricted community located on a 12-acre site on the east side of Hunt Club Road, just north of Washington Avenue. It is the second Thomas Place project in Chicago’s northern suburbs Ryan has developed with its joint venture development partner, Jim Bergman, and the third Ryan has constructed.
The property management company, Pioneer Property Management Inc., is accepting applications.
Thomas Place Gurnee is an expansion of the development team’s goals of creating safe, attractive, affordable properties that allow seniors with limited incomes to live in or very near the communities they consider home. It further expands the Thomas Place brand Ryan and its partners have established in Illinois. The other Thomas Place developments in the state are open in Fox Lake and Glenview. Ryan has announced plans for another project in Orland Park.
Thomas Place Gurnee is a three-story development that will feature 33 one-bedroom, one-bathroom units, each with 784 square feet, and 67 two-bedroom, two-bathroom units, each with 1,033 square feet. Apartments at Thomas Place Gurnee will include a balcony or patio, a full-sized kitchen with modern cabinetry and appliances, a washer and dryer and walk-in closets.
Thomas Place Gurnee showcases Ryan’s expertise in real estate development, design and construction. The façade of the building was designed with a classic, elegant look and features board and batten siding and brick veneer. The building will have a common area that is centrally located between two residential wings of the building, a layout intended to encourage socializing and help create a sense of community. The common area will include a dining room and kitchen, TV and entertainment lounge, a game room and a fitness center.
The exterior of the property will be professionally landscaped with a private courtyard and a covered drop-off area for residents and guests. There will be 152 parking spaces, including 101 indoor parking spaces and 51 outdoor spaces. An on-site management team will take care of snow removal, building repairs and other property maintenance matters.
The age-restriction guidelines require at least one resident in each unit must be 55 or older. Income restrictions will apply. The monthly rents for the one-bedroom units range to $783, and are $928 for the two-bedroom units.
Design Build Architectural Services Inc., a wholly-owned Ryan subsidiary, provided architectural design and engineering services. Other development team members include The Burton Foundation and Tom Monico, affordable housing consultant, Thomas & Thomas Associates. Thomas Place Gurnee is being financed under the Section 42 affordable housing program administered by the Illinois Housing Development Authority.
Ryan is serving or has served as developer, owner and/or general contractor on numerous multifamily housing projects, primarily in the Midwest. These projects account for in excess of 2,600 units that have been placed into service or are under construction. This includes approximately 1,000 units in market-rate and affordable senior housing projects.
