(Read more on the multifamily market.)

HINSDALE, IL-Construction is starting on the 12-acre Hamptons ofHinsdale, a condominium and townhouse development being developedby GSH Development, based here. Klein Construction Services Inc.,based in Burr Ridge, is the general contractor for the three-phaseproject, and recently started construction on the first phase ofthe development, which is at 5711 S. Grant St. The $65-million to$70-million project will have 93 condominium units and 26townhouses.

The first phase will have two townhouse buildings and acondominium building. The development, when completed, will be atotal of four 50,000-sf, condominium, four-story buildings and sixtownhouse, three-story structures ranging in size from 12,000 sf to18,000 sf. The condominium units will range in size from 1,200 sfand 2,200 sf and the townhouse units will range in size from 2,200sf and 2,800 sf with prices for the units ranging from $445,000 to$845,000.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.