CONTACT:
Vanessa Irving, virving@taylorjohnson.com, (312) 267-4525
Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527
FOR IMMEDIATE RELEASE:
REVA Development Partners Breaks Ground on Luxury Rental Community The Oaks of Vernon Hills in Vernon Hills
CHICAGO (Thursday, December 12, 2013) – Chicago-based REVA Development Partners announced it has broken ground on a 304-unit luxury rental community in Vernon Hills, The Oaks of Vernon Hills.
Located in desirable north-suburban Vernon Hills, the 27 acre development will feature garden-style apartment buildings and rental rowhomes configured in a series of pocket neighborhoods. The apartment homes will include one-bed/one-bath and two-bed/two-bath plans measuring 696 to 1,212 square feet. The rowhomes, measuring 1,487 to 1,800 square feet, will offer two or three bedrooms with 2½ baths and an attached two-car garage.
Amenities will include a clubhouse with full amenities, outdoor swimming pool and walking trails. The Oaks of Vernon Hills will also have a professional full time on-site management and maintenance staff.
“Designed to feel like an intimate neighborhood, The Oaks will feature several smaller buildings oriented around passive and active green space, rather than one or two large structures,” said Matt Nix, principal of REVA Development Partners. “The community will appeal to the renter by choice market seeking high quality new construction residences in a peaceful and charming setting – all within walking distance to dining, recreation, entertainment and schools.”
He added, “This has been a much-anticipated development for the area, and we’re excited construction is underway.”
The Oaks of Vernon Hills is within a mile of both the Vernon Hills and Prairie View Metra stations, and offers proximity to I-294 and Milwaukee Avenue. Residents of The Oaks will be served by award-winning Lincolnshire-Prairie View Dist. 103 and Adlai Stevenson High School Dist. 125.
Kinzie Builders is the general contractor.
Leasing is expected to begin in spring 2014 with first occupancies in summer 2014. For more information or to join the previous list, visit www.oaksofvernonhills.com. For more information on REVA Development, visit www.revadevelopment.com.
REVA Development Partners is a privately held, Chicago-based real estate development company. The principals, Warren James and Matthew Nix, have extensive experience successfully developing high-quality rental and for-sale housing and mixed-use projects throughout the Midwest. REVA’s expertise includes land acquisition, design, planning, financing and construction for projects ranging from small infill sites to complex, master-planned developments. One of REVA’s strategic advantages is its relationship with Kinzie Real Estate Group, which provides land development, general contracting, property management and brokerage services. For more information, visit www.revadevelopment.com and www.kinziegroup.com.
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Editors: Prices are subject to change. To confirm current information, contact Vanessa Irving at virving@taylorjohnson.com or (312) 267-4525.
Photo Caption: REVA Development Partners has broken ground on The Oaks of Vernon Hills, a 304-unit luxury apartment community in Vernon Hills.