Kinzie Builders Stays Busy with Luxury Suburban Rentals
Kinzie Builders completed construction of Avere on Duane, a $15-million, 48-unit luxury rental building by REVA Development Partners in the Chicago suburb of Glen Ellyn, IL. The project saw its first move-ins this month.
“Developers of luxury rental buildings, like Avere on Duane, have continued to keep our firm very busy in suburban markets throughout the Chicago area,” said Steve Spinell, principal of Kinzie Builders. “It’s not only buyers who have turned their attention to the suburbs during the pandemic, but also renters – they are both looking for more space and access to the outdoors.”
Avere on Duane was constructed on six lots that were previously occupied by single-family homes, requiring soil stabilization to prepare for the additional weight of the new multifamily structure. The podium-style building includes an underground precast parking garage, heated by hydronic radiant tubes in the slab, and four stories of wood frame residential above deck.
