Ryan Companies US Inc. has begun construction of Thomas Place Orland Park, a $22-million, 80-unit, affordable, age-restricted senior apartment community. Ryan, along with its joint venture development partner, Jim Bergman, Providence Life Services and the rest of the development team, recently held a groundbreaking at the site.
The development is located on a four-acre site at the northeast corner of Wheeler Drive and Harlem Avenue in Orland Park. The site provides access to shopping, medical services, dining, recreation and public transportation. Thomas Place Orland Park will be ready for occupancy in March 2013.
Thomas Place Orland Park further establishes the brand the development partnership has established in Illinois. The Thomas Place portfolio includes completed communities in Glenview, Fox Lake, and most recently Gurnee.
The four-story building will offer 72 high-quality, affordable apartments and eight market-rate apartments. The development will be comprised of 25 one-bedroom units, measuring 756 square feet, and 55 two-bedroom units, measuring approximately 1,008 square feet.
Apartments at Thomas Place Orland Park will include a balcony, a full-sized kitchen with modern cabinetry and appliances, window treatments and walk-in closets. The affordable units will offer above standard features. The market-rate units will be larger and will include higher-grade unit finishes. A distinctive amenity of Thomas Place Orland Park will be its 80 indoor and 25 outdoor parking spaces.
The project is being financed under the Section 42 affordable housing program administered by the Illinois Housing Development Authority.
Design Build Architectural Services Inc., a wholly-owned Ryan subsidiary, is providing architectural services. The façade of the building has a classic, elegant look and features board and batten siding and brick veneer. The building will have abundant resident common space that is centrally located between two residential wings of the building, a layout that was designed to encourage socializing and help create a sense of community. The common area will include a dining room and kitchen, a TV and entertainment lounge, a library, a game room, a media entertainment center 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. Renaissance Realty Group will provide on-site property management services. The property features state-of-the-art building security technology for controlled access and monitoring of resident and common area spaces.
Age-restriction guidelines require that at least one resident in each unit at Thomas Place Orland Park must be 55 or older. Income restrictions apply. The monthly rents for the one-bedroom units range from $744 to $895, and from $850 to $1,095 for the two-bedroom units. Pre-leasing will begin three months prior to occupancy. For more information about Thomas Place Orland Park, call (630) 328-1227.
