Tennessee-based Vita Residential partnered with Holland Construction Services on the construction of a new $41.2 million apartment complex in O’Fallon, Missouri, and is now eyeing a second development in Swansea, Illinois.
The Jewel Apartments, at 9200 Veterans Memorial Parkway in O’Fallon, is comprised of more than 248,000 square feet across 10 apartment buildings and a total of 240 one-, two- and three-bedroom apartment units with eight floor plans, Amenities include a clubhouse building and pool, family room, fitness area and dog park. The 16-acre complex also includes seven garage buildings with residential parking options.
The Jewel Apartments was completed in early fall of 2021 and is currently 95 percent occupied.
After seeing the success of this project, Vita Residential is now finalizing development plans with Holland on a similar 240-unit multi-family development, called The Jewel at Whispering Oaks, in Swansea, Illinois, which will break ground in May of this year.
