The Apartment Source has been named the exclusive leasing partner for Montrose Point Apartments, a newly gut-rehabbed 24-unit building located at 821 West Montrose Avenue in Chicago’s Buena Park neighborhood. The property is managed and developed by Rockwell Property Co.
Montrose Point Apartments offers one-, two-, and three-bedroom floor plans. “We’re excited to partner with Rockwell Property Co. on Montrose Point Apartments and grateful for the trust they’ve placed in us,” said Tyson Schutz, President and Managing Broker of The Apartment Source. “Boutique neighborhood redevelopments like this have a special place in my heart, and this one happens to be right by my favorite beach in the city, Montrose Beach. It doesn’t get much better.”
Montrose Point Apartments is located in the heart of Buena Park, with Montrose Beach and the lakefront just blocks away. The property is surrounded by dining and retail options, and the Wilson Red Line station is less than a half mile from the building.
Ariel Property Advisors closed the $21-million sale of a development site at 566 Grand Ave. and 836 Dean St. in Prospect Heights, Brooklyn. The corner development site comprises approximately 86,065 buildable square feet and traded for approximately $244 per buildable square foot. The transaction was arranged by Ariel partner Sean R. Kelly along with associate...
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Marcus & Millichap arranged the sale of Knott-Orange Apartments, a 35-unit multifamily property located at 515 S. Knott Ave. in Anaheim. The property sold for $9.65 million, or $275,714 per unit. “This transaction marked the fourth closing from a larger Anaheim-area multifamily portfolio as the seller continues to reposition its holdings through a 1031 exchange...
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JLL Capital Markets arranged $135 million in construction financing and joint venture equity for the development of The Ibex at Ridge Hill, a 282-unit luxury multifamily community at the Ridge Hill mixed-use lifestyle center in Yonkers. Senior managing directors Evan Pariser and Aaron Niedermayer and director John Lowe arranged the senior construction loan with Bank...
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