CHICAGO—High Street Residential, theresidential subsidiary of Trammell Crow Company,and joint venture partner of the Carlyle Group,has acquired a 3.63 acre site in suburban Park Ridge to constructPark 205, a 3-story class A 115-unit apartment community. Companyofficials say this will be the first LEED-certified multi-familyproject ever built in Park Ridge.
The project will offer one bedroom, one bedroom plus den, twobedroom, two bedroom plus den and three bedroom units. The companywill begin construction in the third quarter and deliver it by thefourth quarter of next year.
“Park 205 will be the first luxury apartment project developedin Park Ridge and our team is thrilled to be a part of such anexciting project,” says John Carlson, senior vicepresident with Trammell's Chicago business unit. “We enjoyedworking closely with the city and community to ensure we create abest-in-class residential community that will benefit the residentsand visitors of Park Ridge for years to come.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
