Connect Midwest: Multifamily Adaptive & Reuse Trends – Chicago June 13

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Kinzie Wraps Work on Rental Townhomes in Deerfield

Kinzie Builders has completed construction on Elm Street Place, a two-building, seven-unit rental townhome development in Deerfield, IL. Both buildings are fully occupied, and the developer, Elm Street Place, LLC, has put the property on the market for $4.97 million.
“This was a project that had immense appeal because it really struck a chord with today’s renters by offering them the space of a single-family home with an easy, maintenance-free lifestyle, all within a great suburban downtown location,” said Steve Spinell, principal of Kinzie Builders, general contractor and developer of Elm Street Place.

He continued, “The fact that these two buildings were fully leased before we finished construction and are already fully occupied speaks to the high demand for rental homes with this type of quality construction, upscale finish package and prime location.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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