Essex Realty Facilitates $18M Sale of Uptown Mixed-Use Property
Chicago-based Essex Realty Group has completed the sale of The Maynard at 1325 West Wilson Avenue, a 121-unit mixed-use building located in Chicago’s Sheridan Park neighborhood.
The asset sold for $18.5 million, marking one of the largest multifamily transactions in Uptown in 2025. Essex Managing Director Matt Feo and Principal Jordan Gottlieb exclusively listed the property and represented the seller, while Feo, together with Managing Director Rick Ofman, represented the buyer.
Located along Wilson Avenue, The Maynard offers immediate access to CTA Red Line stations, the Ravenswood Metra, and multiple bus routes. Redeveloped in 2015, the 12-story property features 121 apartments, four retail suites, and amenities including a rooftop deck, fitness center, bike storage, elevator service, and an on-site café. Units include a mix of studios, one- and two-bedrooms with hardwood floors, granite countertops, stainless steel appliances, in-unit laundry, and individual HVAC.
Meet the nation’s top owners, investors, developers, brokers, and lenders—key decision-makers shaping the multifamily market. Whether you’re targeting capital partners, strategic suppliers, or industry visionaries, this one-day conference on September 11 in Los Angeles is your opportunity. Network smart, exchange insights, and forge relationships that drive deals. This isn’t just a conference—it’s where the dealmakers go. www.connectapts2025.com
Other News
Charlotte Library Razed, 300 Apartment Units on Way
Northwood Ravin demolished a dated Charlotte public library in order to make way for a 300-unit apartment development. The Charlotte Business Journal reports the plan is to include 21,400 square feet of retail as well. The 4.5-acre south-end property is at 101 Scaleybark Road. The retail component is part of a larger mixed-use development that...
Learn more
Terra, Fortune Ink $220M Key Biscayne Condo Financing
Terra and Fortune International Group secured a $220 million predevelopment loan from Blackstone Real Estate Debt Strategies for their planned ultra-luxury condominium development on the former Silver Sands Beach Resort property at 301 Ocean Drive in Miami’s Key Biscayne. Walker & Dunlop Capital Markets Institutional Advisory, led by Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean...
Learn more
Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 units nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout