CHICAGO, IL – RPM Living, a full-service multifamily property management, investment and development company, announced the official opening of Cerca Glenview, a newly constructed 62-unit luxury multifamily community near downtown Chicago at 1850 Glenview Road. The apartment complex, developed by The Drake Group, celebrated its official ribbon cutting June 17 and welcomed its first residents on June 19, 2026.
This is a project that s years in the making, and welcoming our first residents is a proud moment for our team, said Tom Drake, Principal, The Drake Group. We have deep roots in this community, and that personal connection shaped every choice we made throughout the process as we strived to build something the neighborhood could be proud of.
Cerca Glenview offers a range of floor plans including junior one-bedroom, one-bedroom, two-bedroom and three-bedroom residents, with monthly rents ranging from $2,745 to $7,300. Atop the building sits the Cerca Reserve Collection, a curated offering of penthouse residences on the fifth floor with access to an exclusive top-floor amenity level. The community is already 35% occupied and 45% leased.
Situated in the heart of downtown Glenview, Cerca Glenview offers residents convenient access to the village s array of dining and retail offerings, as well as prime transit corridors. The property serves as a residential anchor to the area as the surrounding community continues to attract development and investment along the North Shore.
Cerca Glenview is a standout addition to Chicago s North Shore market, said Will Shew, Regional Vice President for RPM Living. We ve already seen tremendous demand since preleasing started mid-April 2026, which speaks to the property s value and the appetite for luxury living in Glenview. As the management company, we look forward to fostering an exceptional community for current and future residents.
Construction on the project broke ground in October 2025, with Weis serving as the general contractor and Cullen Construction Management as owner s representative. Wintrust provided financing for the project.

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PHOENIX, AZ – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Modera City North, a contemporary community in the emerging Desert Ridge neighborhood of North Phoenix.
The wrap-style community, which will feature 330 homes, will serve as a key component of the City North master plot, a 100-acre, two million square-foot mixed-use development comprised of retail, office, hotel and residential space. First go-ins are anticipated for summer 2028.
“Modera City North is a unique, well-positioned community that will capture the best of both metropolitan and tranquil living,” said Brandon Finnie, vice president of development in Arizona for Mill Creek. “With its spacious floor plans, refined suite of amenities and proximity to the area’s key employment centers, we believe the community will quickly ascend to a best-in-class option in a neighborhood brimming with increased demand.”
Situated at 20711 N 54th Street on the border of Desert Ridge and North Scottsdale, Modera City North is located just north of Loop 101, a key thoroughfare that connects to many major employers, including Republic Services, Sprouts, ASM, Banner Health, Nationwide and Axon. In addition to the forthcoming attractions within City North, the community sits adjacent to Desert Ridge Marketplace, a 1.2 million square-foot retail center and High Street, a 628,000 square-foot mixed-use lifestyle mall, both of which are home to an array of retail, dining and entertainment options. The community is also less than two miles from Mayo Clinic Hospital and a regional office for American Express, which employs more than 13,000 associates.
Modera City North will offer one-, two- and three-bedroom homes with various layouts up to 1,450 square feet. Community amenities will include a resort-style swimming pool, hot tub and spa, outdoor dining, landscaped courtyards, resident clubhouse, game room, pool table, pet park, pet spa and a club-quality fitness studio with cardio equipment and yoga/Pilates studio. Residents will also have access to a conference room, coworking space, garage parking with private EV-charging stations, digital package lockers, bike storage and additional storage space. The community will be built to, and is pursuing, an NGBS Silver Certification.
Homes will include oversized windows, nine- and 10-foot ceilings, wood-style plank flooring, stainless steel appliances, quartz countertops, pull-down faucets, tile backsplashes, soft-close cabinets with under-cabinet lighting, separate dining areas, movable kitchen islands, oversized bedrooms with spacious closets, in-home washers and dryers, controlled-access guest technology and private patios or balconies. Designer bathrooms will include double vanities, quartz countertops and tile shower surrounds.

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IRVINE, CA – WNC & Associates, a family-owned business known as both a pioneer and leader in the affordable housing industry, announced the recent closing of WNC Institutional Tax Credit Fund 59, L.P. (Fund 59), a $210 million national Low-Income Housing Tax Credit (LIHTC) fund that will support the creation and preservation of affordable housing across 18 communities in 13 states. The successful close reflects WNC’s continued ability to connect private capital with housing solutions that help address growing demand for affordable housing nationwide.
“For more than 55 years, WNC has brought together private capital and trusted partnerships to expand and preserve affordable housing nationwide,” said Will Cooper Jr., president and CEO of WNC. “During a housing crisis marked by a shortage of 7.2 million affordable and available rental homes, Fund 59 shows how private capital can be mobilized to help close the gap. New federal housing policy will bolster this work and expand opportunities to invest in affordable housing.”
Fund 59 is investing in 2,015 affordable housing units in 18 communities across Alaska, California, Florida, Indiana, Kentucky, Massachusetts, Maine, Minnesota, Missouri, Nebraska, New Hampshire, Nevada, and Texas. The portfolio includes seven new-construction communities and 11 preservation communities, with two rehabilitations of historic properties. Five of the properties serve seniors, while 13 provide affordable housing for families. Together, these investments will help expand housing opportunities while preserving existing affordable housing in communities across the country.
“We are grateful for the continued confidence our investor partners place in WNC and our mission,” said Christine Cormier, executive vice president of investor relations at WNC. “Fund 59 reflects the trust we’ve built over more than five decades and the continued demand for investments that deliver meaningful community impact alongside long-term value. Together with our investors, we’re helping connect private capital with affordable housing solutions in communities across the country.”
In addition to LIHTC, Fund 59 includes investments utilizing Energy Tax Credits and Historic Tax Credits, further supporting the preservation and development of high-quality affordable housing.

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