CHICAGO, IL – The developers of Eveq, a boutique condominium community of 32 residences at 14. N. Bishop St. in Chicago’s West Loop, have started construction and released the first interior renderings of the five-tale project, which is slated to deliver in third-quarter 2020.

Designed by Sullivan Goulette & Wilson Architects, Eveq offers three- and four-bedroom plans ranging in size from 1,500 to 2,300 square feet and priced from $810,000, with parking available from $25,000. The renderings showcase Eveq’s open floor plans, floor-to-ceiling windows and expansive outdoor spaces that serve as an extension of each residence.

“We are pleased with the early interest and already have a variety of units – including two penthouses – under contract, demonstrating the strong demand for new-construction condominiums in the West Loop,” said Cyndy Salgado, executive vice president of development sales at @properties, the exclusive sales brokerage for Eveq. “Buyers appreciate the array of end selections and upgrades they’re able to make, as well as the walkability of the location. Another key selling point has been the expedited construction schedule; with construction starting so soon after sales, buyers don’t have to wait years to go in.”

Each residence will feature hardwood flooring throughout the open kitchen, living and dining areas, with buyers able to choose from seven color options. Buyers can also make selections for custom Italian cabinetry in both kitchens and baths. In addition, kitchens will include quartz countertops and stainless steel Thermador and integrated Bosch appliances, while spa-inspired master baths will feature a double-bowl vanity, water closet, porcelain tile shower with frameless glass door, and Kohler fixtures.

All homes at Eveq offer a large terrace or balcony off of the living room, as well as a dedicated mud/laundry room. Top-floor units will have access to private rooftop terraces, and select three-bedroom plans also include a study.

“The level of end and overall size of the homes further distinguish Eveq in the West Loop marketplace,” added Salgado.

Eveq – a play on “évêque,” the French word for “bishop,” the street on which the development is located – offers proximity to employers throughout the West Loop and Illinois Medical District. Also within walking distance are world-class restaurants, nightlife and entertainment, as well as the United Center and public transit, including the CTA’s Ashland/Lake station.

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CHICAGO, IL – Hunt Companies and Savoy Development announced that its multifamily development at Logan Square in Chicago, Noca Blu, has achieved LEED Silver certification from the U.S. Green Building Council.  Noca Blu, one of the first new multifamily properties in the quick-growing submarket area in decades, sits half a block north of the intersection of California and Milwaukee Avenues, adjacent to the California Avenue CTA Blue Line Station.  Its urban infill location is within one of Chicago’s newest Transit Oriented Development (TOD) locations.

“We are proud to be part of the revival of the Logan Square area, bringing sustainable, urban, and pedestrian-friendly living to renters seeking proximity to mass transit and lifestyle amenities,” said Guy Arnold, COO of Hunt.  “We are pleased to celebrate the certification with our partner, Savoy Development.”

Noca Blu is a 6-tale, 138-unit Class “A” quality property combining market rate and affordable units with over 9,300 square feet of ground level retail space.  The property also includes an 8,000 square-foot amenity deck and parking spaces for 44 cars and 138 bicycles.  Of the 138 units, 20 will be affordable and 118 market rate. Construction was completed in the fall of 2018 and residents started moving in/leasing in November 2018.  

“LEED is a transformative tool that ensures a building is designed and operating to achieve high performance in key areas of human and environmental health while enhancing the triple bottom line – people, planet and profit,” said Mahesh Ramanujam, president and CEO, USGBC. “By prioritizing sustainability, the NoCaBlu project is leading the way in their industry and helping USGBC continue toward our vision of a sustainable built environment within a generation.” 

Hunt and Savoy co-developed the project in joint venture with Principal Real Estate Investors. Construction financing was provided by Wintrust Commercial Real Estate, Studio 222 Architects designed the building, and the general contractor was Focus Construction. Pinnacle manages the property. 

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VERO BEACH, FL – Watercrest Senior Living Group and United Properties gathered with construction, development, design and community partners to celebrate the ceremonial groundbreaking of Watercrest Sarasota Senior Living Community in Sarasota, Florida. The 198-unit, luxury senior living campus is under construction by Walker and Company and scheduled to welcome residents in Summer 2020.

Ideally located at 4141 Desoto Rd, Watercrest Sarasota will be a signature Watercrest product, offering 72 independent living, 96 helped living and 30 memory care apartments with resort-style service and world-class care.  The architecture and design will boast a stunning promenade, fireplace, signature water wall, multiple dining options, pool, salon and spa, grand balconies, and Florida-style outdoor living spaces.  Watercrest’s uniquely designed Market Street Plaza will showcase an outdoor streetscape with numerous LifeBUILT programming touches; a highlight and crucial element of their multi-sensory memory care programming.  

“Collaborating with forward-thinking partners such as United Properties further enhances our continued expansion in developing senior living communities of superior quality,” says Marc Vorkapich, Principal and CEO of Watercrest Senior Living Group. “Watercrest Sarasota will offer seniors an exceptional and enriching lifestyle.”  

With multiple developments across the southeast, Watercrest principals, Marc Vorkapich, CEO, and Joan Williams, CFO, are poised to open more than a dozen senior living communities in the next few years.  This is the second senior living development project partnered between Watercrest and United Properties.  Their first project, Watercrest Naples Helped Living and Memory Care is currently under construction and on schedule to welcome residents in late 2019.

Founded in 1916 and based in Minneapolis, United Properties has developed nearly 200 projects totaling more than 20 million square feet and nearly $1 billion over the last 30 years, including 17 senior housing communities in the Minneapolis/St. Paul, Denver and Naples markets, with five more under development.

“This is our largest senior living investment to date,” stated Mark Nelson, United Properties’ Executive Vice President.  “We are pleased to have such fantastic partners working with us on this exciting project.  You can’t gather a better team than Watercrest, Walker, Bank of Montreal, and Dougherty.”

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