80-Unit Seniors Housing Development Opens in Suburban Chicago
Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened.
Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by Weese Langley Klein Architects with accessible floor plans, energy-efficient appliances and on-site amenities.
Evergreen Real Estate Group served as developer for the apartments and the Senior Center and is handling leasing and property management for the community. F.H. Paschen managed construction from start to finish.
Funding partners include the Illinois Housing Development Authority, Bank of America, KeyBanc Capital Markets, Hudson Housing Capital, Leyden Township and the Cook County Department of Planning and Development. Mesirow Financial participated in the underwriting syndicate for the IHDA financing and served as lead underwriter for Leyden Township’s general obligation bond offering.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout