Banner Real Estate Group Breaks Ground on 334-Unit The Faywell Multifamily Development in The Heart of Downtown Wheaton, Illinois

WHEATON, IL – Banner Real Estate Group announced the successful closing on its latest development at 220 W. Liberty Drive in the heart of downtown Wheaton, Illinois directly adjacent to the Metra Union Pacific West station with service to downtown Chicago. The future site of The Faywell, a 334-unit Class A multifamily community, marks a major milestone for the firm and the City of Wheaton alike.
Nearly five years in the making, this infill suburban project will deliver high-quality residential living paired with thoughtful design and amenities that integrate seamlessly into the surrounding community. Upon completion, The Faywell will feature a resort-style pool, state-of-the-art fitness center, coworking lounge, ample bike parking, and direct access to the DuPage County Prairie Path — one of the region’s well loved recreational trails.
As part of its ground-floor retail offering, Banner is proud to welcome back Egg Harbor Cafe as the project’s anchor tenant — a cherished local favorite returning to its original Wheaton roots.
“We’re excited to bring The Faywell to life as a best-in-class residential option in a location with so much vibrancy, charm, and walkability, as well as the convenience of the Metra commuter station,” said Bob Flannery, CEO of Banner Real Estate Group. “This development represents not only a significant investment in Wheaton’s continued growth but also a long-term commitment to improve the quality of life in the community and contribute to the vibrancy of downtown Wheaton. We extend our sincere thanks to the City of Wheaton, particularly City Manager Michael Dzugan and Mayor Phil Suess, for their collaboration and steadfast support of this development.”
Key partners in the project include our institutional investor PNC Bank, JLL, W.A. Randolph, Inc. (General Contractor), BKV Group (Architecture), and CAGE Engineering, Inc. Construction is currently underway, with first go-ins expected in Fall 2026.

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Sherman Residential Expands its Multifamily Portfolio with The Acquisition of 233-Unit Skye Suwanee Town Center in Atlanta Submarket

ATLANTA, GA – Sherman Residential has proudly bought Skye Suwanee Town Center, a Class A multifamily property in Suwanee, GA, a northern Atlanta suburb.
The 2020 construction boasts 233 apartments and ten impressive amenity spaces. Skye Suwanee delivers luxury suburban leasing with an urban feel. Residents like the all-inclusive access to unique spaces like the wine cellar, two-tale fitness center, and rooftop terrace with retrofitted Airstream lounge.
The walkable suburb of Suwanee gives residents less than a half mile walk to restaurants, shopping, and community events in the Town Center. Plus, the property’s ground-level retail spaces are full with Thrive Coworking and Warm Waves coffee shop, a perfect pairing for the professional or student. Locally, job opportunities abound in organizations like the Gwinett County school system and major companies headquartered in Suwanee, like defense technology corporation, Meggitt Training Systems. Plus, Atlanta is straight down I-85, and the major metropolitan attracts world-class corporations offering boundless career growth.
Skye Suwanee’s midrise-style property and its resident-focused amenities deliver: Studio to three-bedroom apartments reaching nearly 1,500 square feet; Luxury floor plot options, like laundry rooms and butler’s pantries, wraparound balconies, and custom closets; Unparalleled amenities featuring a rooftop terrace, a 24-hour wine cellar lounge, and two-tale fitness center and clubhouse; Modern spaces available for work and study, including a direct-access business space with private offices for hosting clients; Pet-friendly features, such as an immaculate indoor spa, a gated dog park, and walking paths to explore the area; Conveniences like multiple elevators, in-unit washers and dryers, and both one-car garage and parking garage options; and Community-focused design with gamified gathering spaces for hosting friends and meeting neighbors.
On June 17, 2025, Sherman Residential bought and assumed the property management. Its Vice President stated: We’re excited to expand in the Atlanta market during another growth phase. As our first acquisition of the year, Skye Suwanee is a fantastic asset to the Sherman portfolio. With a dedicated team, they look forward to making a strong sense of community for their current and future residents.

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Toll Brothers Apartment Living and Gables Residential Announce Joint Venture to Develop 243-Unit Multifamily Community in Colorado

LITTLETON, CO – Toll Brothers (NYSE: TOL), the nation s leading builder of luxury homes, through its Toll Brothers Apartment Living rental division, and Gables Residential have announced a new joint venture to develop Gables Angeline, a four-tale, 243-unit luxury multifamily rental community in Littleton, Colorado. The project is being financed through a $57 million construction loan facility from JPMorgan Chase. The equity and debt were arranged by Toll Brothers in-house Finance Department.
Gables Angeline will total 331,498 square feet and offer apartment homes with a mix of studio through three-bedroom floor plans. Each residence will feature designer finishes and thoughtfully appointed features, including quartz countertops, oversized closets, and private balconies or patios, along with optional private garages. The best-in-class amenity package will include a resort-style pool, a state-of-the-art fitness center with rock climbing wall, a community garden, a pet park with dog run, an outdoor pavilion, and a putting green. The community will also offer 1,200 square feet of retail space.
We are thrilled to expand our national footprint with Gables Angeline, our first luxury multifamily community in Colorado, said John McCullough, President of Toll Brothers Apartment Living. With its prime location, upscale design, and strong connectivity to major employment hubs and outdoor recreation, Gables Angeline will offer residents an unmatched living experience in the suburbs of Denver.
Located at 7900 S. Platte River Parkway in Littleton, Gables Angeline will be in proximity to downtown Denver and major employment campuses, including the Denver Tech Center, Children’s Hospital Colorado, and Lockheed Martin. The community will be located within walking distance of the RTD Light Rail Littleton/Mineral Station and a half mile from access to C-470. Residents will delight in nearby entertainment, shopping, and recreation destinations, including Aspen Grove, a well loved open-air shopping center, and Chatfield State Park.
We are excited to partner with Toll Brothers on our first joint project, Gables Angeline, in the Denver market, said Charles Elliott, Chief Investment Officer for Gables Residential. Gables has been fortunate to have been in the Denver market since 2014, and to be able to continue to expand with a new partnership in this prime location is a fantastic opportunity for both parties. We thrive on expanding our ability to bring our commitment to quality living experiences and exceptional service to new locations throughout Denver.
Gables Angeline is Toll Brothers Apartment Living s first development in Colorado. The community is adjacent to Toll Brothers master plotted community, ParkVue on the Platte, a gated for-sale community offering three collections of modern townhomes.

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