Habitat JV to Redevelop Former Solo Cup Site in Highland Park as Townhomes

Habitat JV to Redevelop Former Solo Cup Site in Highland Park as Townhomes
News| April 7, 2026| Jasmine Kilman
Chicago & Midwest + Apartment Buildings

Chicago-based Habitat announced a joint venture with M/I Homes of Chicago to develop The Bowery of Highland Park, a community of 227 townhomes on the former Solo Cup Company site in Highland Park, Illinois.

The firms are scheduled to close on the property at 1700 Old Deerfield Road this spring and begin construction in the second half of 2026. Habitat has been working with Highland Park to redevelop the approximately 28-acre former site of the demolished Solo Cup manufacturing facility into a residential community since 2024.

“Ever since Solo Cup vacated the area almost 20 years ago, it has seemed like the best use of this site was to redevelop it as a residential neighborhood,” said Matt Fiascone, president of Habitat. The approved plan includes 48 townhome buildings comprising 227 thoughtfully designed three- and three-bedroom-plus-den residences with transitional-style exteriors.

Other News

RK Investors Lands $81M Construction Loan for 299-Unit Charlotte Rental Community

Atlanta & Southeast + Apartment Buildings

An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...

Learn more

Pasadena Offices Sell for Residential Conversion

California & West + Apartment Buildings

NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...

Learn more

Berkadia Negotiates Student Housing Property Sale in Kansas

Chicago & Midwest + Student Housing

Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...

Learn more
New call-to-action

Brokers

View All

Lenders

View All