(To read more on the multifamily market, click here.)
OAK BROOK, IL-Construction is expected to begin in the next 45days on one of four senior apartment developments in the westernsuburbs. A joint venture by Inland Real Estate Development LLC,based here, and HPD Cambridge Inc., based in St. Louis, will spend$55 million to construct a total of 144-apartments in LaGrange,Clarendon Hills, Lombard and Elmhurst.
The projects include LaGrange Pointe with 30 units at 93 S.LaGrange Rd. in LaGrange, Pointe at Clarendon Hills with 51 unitsat 9-23 Walker Ave. in Clarendon Hills, The Pointe at Lombard with51 units at 221-226 W. Charles Rd. in Lombard and Elmhurst Pointewith 32 units at 111 W. 3rd St. in Elmhurst.
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