Wingspan Development Group announced the sale of Sixteen30, a Class A apartment community of 284 units it developed in Plainfield, Ill., about 40 miles southwest of Chicago. Menomonee Falls, Wis.-based Continental Properties acquired the property, which is located at 14750 Wallin Drive and opened in August 2021. Alex Malzone, Parker Stewart and Dominic Martinez at Northmarq brokered the sale.

Sixteen30 features eight garden-style buildings with neo-farmhouse exteriors surrounding a 7,500-square-foot clubhouse with a resort-style pool. The property offers a mix of studios, one-, two- and three-bedroom units spanning 600 to 1,500 square feet. Sixteen30 was 95% occupied at the time of sale and had the highest retention rate out of Wingspan’s portfolio of actively leasing projects. Wingspan focuses on mixed-use and multifamily projects in primarily suburban locations near public transit or major commuter corridors in Illinois, Wisconsin and Florida. Excluding Sixteen30, the developer currently has more than 2,700 units in various stages of leasing and development.

“Until recently, Plainfield – like neighboring Naperville – has seen much more for-sale single-family home development than luxury rentals,” said Christopher Coleman, vice president of development for Wingspan. “But as evidenced by our strong leasing numbers, there is an undeniable demand for the lifestyle and amenities offered by Sixteen30, with interest from young professionals to empty nesters. And with up to three bedrooms available at the community, it’s also become an attractive option for families who are renters by choice.”  

Chicago’s suburban apartment market has seen a steady rise in rent growth over the past few years. By fourth-quarter 2023, suburban rents were up 13.4% compared to fourth-quarter 2021, and they are expected to rise another 4% to 5% in 2024, according to data released by Integra Realty Resources earlier this year.

Located near the intersection of U.S. 30 and Highway 126, residences at Sixteen30 feature 9-foot ceilings; vinyl plank flooring in main living areas; work-from-home space; kitchens with stainless appliances, quartz countertops and ceramic tile backsplashes; walk-in closets; in-unit washer/dryers; keyless entry; and high-speed internet. Most units have a patio or balcony.

Serving as the community’s social hub is a clubhouse featuring a great room, coffee bar, fitness center with smart technology and cardio training, yoga studio, coworking space, demonstration kitchen, pet spa and other luxe amenities. There is also a 24-hour package room. Designed by Eleni Interiors, the clubhouse received a Platinum Key Award for Community Design/Amenities from the Home Builders Association of Greater Chicago.

“This was a targeted, off-market deal in which Continental was a great fit for Sixteen30 as the firm is very familiar with Chicago’s southwest suburbs,” said Malzone. “We’re equally excited for Wingspan Development as Sixteen30 was a terrific investment for its team and we’re looking forward to seeing Continental reap the benefits of the organic growth of the Plainfield market for years to come. Over the past few decades, Continental has primarily been focused on ground-up development for multifamily communities across the country. Given the recent surge in interest rates and extremely high construction costs for new developments, Continental recently launched an opportunistic fund to solely focus on acquisitions in markets it’s looking to grow in.”

Sixteen30 is located just over a mile from the restaurants, stores and businesses of walkable, historic downtown Plainfield and only 3 miles from Interstate 55. It is also only 10 miles from Interstate 80 and Naperville, which has more than 150 shops, spas and restaurants.

Plainfield’s population increased tenfold from 1990 to 2020, from 4,500 people to 43,000 people. Residents of Sixteen30 are served by Plainfield Community Consolidated School District 202, which is now the fifth-largest public school system in Illinois, according to the State Board of Education, and one of the highest regarded, according to GreatSchools.org.

Wingspan Development Group and ABC Capital Corp. today announced Tango Brew, a coffee and wine bar with an Argentinian/Italian flair, will lease approximately 1,600 square feet of ground-floor retail space at Jade at North Hyde Park, a new 192-unit luxury apartment building at 608 N. Willow Ave. in Tampa’s burgeoning North Hyde Park neighborhood. Located near downtown Tampa and adjacent to the University of Tampa, Tango Brew is scheduled to open in late summer 2024.

Husband-and-wife owners Christopher and Nahara Walters envision Tango Brew as a warm, inviting space where locals can meet and connect over the perfect cup of coffee or glass of wine and small bites. The pet-friendly Tango Brew will have both indoor and outdoor seating for up to 66 people, including an outdoor bar and patio as well as a water and treat station for patrons’ dogs. Designed with an old-world, “speakeasy” aesthetic and featuring Tango music, the vibe at Tango Brew will contrast with the bright lights and subway tile of many newer coffee shops in Tampa, noted Nahara Walters.

“We want Tango Brew to be a home away from home, a ‘third place’ where people who live or work in the neighborhood can gather,” she said. “When we were looking for a location, we fell in love with the space at Jade. It has the exact indoor/outdoor flow we wanted and great foot traffic because of the university, a nearby hospital and police station, and two sizable apartment projects – Jade, as well as Wingspan’s NICHE apartment building, which is right around the corner.”

A breakfast menu will include blueberry bagels and sandwiches, as well as croissants and muffins from a local bakery. A drink printer will let Tango Brew baristas “print” the cafe’s logo or messages like “Happy Birthday” onto the foam of drink orders. The combined lunch and dinner menu will include bar bites like chicken wings, fries and signature Italian flatbreads with pepperoni, plant-based and other toppings. Italian and Argentinian wine and beers will be served, including from In the Loop Brewing owned by Chris and Nahara’s Walters’ family.

The couple’s extended family and friends own restaurants and hotels in Tampa and Argentina, and she grew up around the hospitality industry in Argentina, where many people have Italian roots; her hometown was Buenos Aires, the “Rome of Argentina.” “I fell in love with the idea of a restaurant based on these experiences and my Argentinian/Italian roots,” Nahara Walters said. “I wanted to do the same thing for Tampa, but with our own twist.”

“We created Tango Brew to be a catalyst for creating a community for everyone who lives or works in the neighborhood,” said Christopher Walters, adding the couple also was inspired by recent travels to Italy, especially small towns like Ravenna where cafes and public squares invite people to gather. “At a time when it’s easy for people to become isolated, we believe in the power of places like Tango Brew to bring them together. As the North Hyde Park neighborhood in Tampa continues to grow, that’s increasingly important.”

“Tango Brew will be a great addition to the neighborhood and a major amenity for Jade residents,” said Jason Macklin, director of development for Wingspan Development Group. “We’re excited to watch Chris and Nahara’s vision come to life here.”

Wingspan Development Group has hired Mirela Vukovic as corporate property and asset manager, a newly created role. Vukovic will be responsible for managing and ensuring the financial strength of Wingspan’s national multifamily portfolio – including 1,500 completed units, 900 units under construction and 2,800 planned units – overseeing third-party management firms, ensuring resident satisfaction, controlling expenses and optimizing revenue.

Since its founding in 2016, Wingspan has executed a rapid growth strategy. The firm initially focused on suburban Chicago multifamily developments, but quickly expanded into Wisconsin and Florida with notable multifamily and mixed-use projects, drawing the interest of project partners like ABC Capital Corp., Citadel Property Advisors and Tucker Development. As the firm continues to scale up nationally and enter new markets, having an experienced property management leader will assure a smooth transition from construction completions through lease-up and stabilization, the company said.

“As we continue to identify and develop new projects across the country, it’s crucial to have someone with Mirela’s acumen on board,” said Chris Coleman, vice president of development for Wingspan. “Her experience with developers, owners and third-party management firms, as well as her front-line understanding of what tenants want and what properties need to operate smoothly, are all indispensable.”

Vukovic joins Wingspan with more than 20 years of experience in property and asset management. Most recently, she worked for 10 years for Morguard, a Canadian real estate company with $18.6 billion in assets owned and under management. There, she managed operations and financials for a portfolio of properties in Chicago and did front-line property management for the 848-unit Alta K Station apartment high-rise in Chicago’s Fulton Market neighborhood.

“My goal is to make sure our beautiful properties are presented in the best light, and that we provide the best possible customer service,” said Vukovic. “At the end of the day, we’re trying to create homes where residents want to be and where they feel comfortable, secure and supported.”

A resident of Mount Prospect, Ill., for 17 years, Vukovic was familiar with the growth of both Wingspan and its sister company Nicholas & Associates when she decided to join the highly regarded firm. “With Wingspan’s continued expansion, this seems like a perfect inflection point to join their team,” she said. “Our goal is to set an industry-leading standard and ensure all of our properties live up to the reputation of the Wingspan and Nicholas brands, wherever they are located.”

For the next couple of years, suburban Chicago multifamily development will be a tale of the haves and have-nots -- developers who have access to capital versus those who do not.

After a decade of growth, construction starts for suburban Chicago apartments are expected to be lower in 2023-2024 due to rising interest rates and a pullback by banks on construction loans. But because demand and rent growth remain historically high, developers with access to capital are expected to benefit from the lack of new deliveries and enjoy a still-strong, less-competitive market.

A golden age for new multifamily

More than 750,000 apartment units are under construction nationally, the highest since the 1980s, according to CBRE. When those units are delivered, the vacancy rate will still only be just over 5%, and 2.3 million new units will be needed nationwide over the next decade to maintain healthy market fundamentals.

Although not as active as Sun Belt markets -- for example, Dallas/Fort Worth has 74,000 apartment units in the pipeline -- Chicago's suburbs have added almost 27,000 new apartment units since 2013, according to CBRE, including 3,911 new units in 2021, 2,085 in 2022, 2,775 projected units in 2023 but only 406 units to date planned for 2024.

The drop in supply, as noted above, is primarily because of difficulty in obtaining financing, not lack of demand. The overall suburban Chicago occupancy rate is 95%, and rents were up year over year by 13% in 2022, and 8% in 2023. Rising rents, which increase a property's income and value, also have helped bring historically high sale prices.

Although the Chicago metro area has lost population in recent years, many suburbs are growing, such as Schaumburg, Skokie and Mount Prospect, according to Redfin. Another key driver of multifamily growth is a strong job market. Chicago ranks No. 10 nationally for job growth, per the U.S. Bureau of Labor Statistics; it also has 35 Fortune 500 companies, second only to New York.

Capital helps projects take flight

For developers pursuing new multifamily projects, one way over the financing hurdle is to launch a private fund. Developers taking this path forward are likely to have an easier time securing financing to get their projects out of the ground, but only if they have a team well-versed in raising private funds and projects in prime, diverse locations so investors are not pigeonholed into one asset.

Wingspan, for example, has $200 million in multifamily projects under construction in suburban Chicago, southeast Wisconsin and central Florida. Part of the financing for these projects has come from the nearly $25 million we've raised to date through our private WDG GP fund, which is run by a two-person team with more than 40 years of experience in finance raising private funds.

While there's no such thing as a sure thing, private investors want to get as close to that as possible, so we're focused on projects with in-demand amenities that are near/in suburban downtowns with a growing population, multiple transit options, and a thriving lifestyle and entertainment scene. One example is Sixteen30, our new 284-unit apartment community in Plainfield.

Already 92% leased, it features a 7,500-square-foot clubhouse with cybercafe, fitness center and coworking spaces, as well as an outdoor grilling area, resort-style pool, bocce court, pet spa and bark park. And Maple Street Lofts, across from the Metra station in downtown Mount Prospect, is a fully stabilized 192-unit luxury rental building with a ground-floor Angelo Caputo's Fresh Market grocery store.

Our fund is also helping finance part of 5400 Old Orchard, which will be built through a joint venture with Tucker Development and is located near the Westfield Old Orchard Mall in Skokie. Upon completion it will include 249 apartments, 49 rental townhouses and retail space.

So while banks' caution is limiting some developers' access to cash and therefore slowing their new apartment starts, with alternative sources, Wingspan continues its prudent executions -- with new projects to meet the seemingly insatiable demand for suburban rental living.

A joint venture between Tucker Development and Wingspan Development Group today announced it has closed on the acquisition of 5400 Old Orchard Road in Skokie, Ill., with plans for a four-story mixed-use development that includes 245 luxury apartments, 49 rental townhomes and commercial space. This is the first joint venture between the two family-owned enterprises, each with a long history of successful development and construction experience. 

Designed by HKM Architects + Planners, 5400 Old Orchard will leverage Tucker and Wingspan’s track record for creating Class A suburban communities and their well-established reputations for quality construction. Recent nearby Wingspan projects include 20West and Maple Street Lofts – both featuring apartments and commercial space – in Mount Prospect, Ill. Tucker is nearing completion of District 1860, a 300-unit mixed-use development that includes over 80,000 square feet of commercial space, at the intersection of Touhy and Lincoln avenues in Lincolnwood, Ill.  

“We see strong and growing demand for well-located, highly amenitized Class A rental communities in Chicago’s suburbs across a wide variety of resident profiles – ranging from young professionals to empty nesters,” said Aaron Tucker, president and chief investment officer for Tucker. “5400 Old Orchard will build on our collective previous successes and expand our offerings to include rental townhomes as well as apartments, giving the Village of Skokie and surrounding North Shore neighbors a new option in carefree rental living in a development with a neighborhood-like appeal.”   

Nick Papanicholas Jr., president of Wingspan Development, added, “Both Tucker and Wingspan are well-versed in creating exciting new communities in premium locations, so we really feel like this is a development dream team. We share a passion for making 5400 Old Orchard a legacy development, which we know is going to shine through in our attention to detail and emphasis on quality craftsmanship – and ultimately benefit residents and tenants. I hope this will be the first of many ventures between our firms.”  Wingspan has a number of multifamily communities in various stages of development in the Chicagoland area, as well as in suburban Milwaukee and Tampa.  

Located 12 miles north of Chicago’s downtown, 5400 Old Orchard is currently the site of an office building. Demolition of the two-story building is expected to commence late this fall, followed by the groundbreaking for the new development. Nicholas & Associates will be the general contractor.  

Upon completion, 5400 Old Orchard will feature a mix of studio, one-, two- and three-bedroom units, along with three-story townhomes and planned amenities including a courtyard with swimming pool, lounge and grilling areas; fitness center; designated coworking stations; and ground-floor commercial and retail space.

The property is less than a half-mile to Interstate 94, which serves as the main expressway to downtown Chicago and its northern suburbs. It also is adjacent to the 350-acre Harms Woods Nature Preserve, across the street from a 108,000-square-foot Life Time gym, and a half-mile to the regionally dominant Westfield Old Orchard shopping mall. 

While more than 11,000 new multifamily units have been built in Chicago’s suburbs since 2020, according to Integra Realty Resources, vacancy remains low, averaging less than 4%. Skokie’s population grew by 4.7% between 2010 and 2020, according to U.S. Census data, and has become wealthier. The area within a three-mile radius of 5400 Old Orchard is home to more than 150,000 people with an average household income of more than $158,000. 

Wingspan Development Group, a national real estate development firm active in mixed-use and multifamily properties, announced it has hired John Sclafini as fund and investor relations manager focusing on institutional investors and investment advisors. Through WDG Finance, LLC, Wingspan has raised millions of dollars to fuel its continued development, and Sclafini will help the company tap into a national network of investors who are increasingly attracted to directly investing in multifamily, mixed-use and industrial properties.

In his new role, Sclafini will join forces with Todd Younger, Wingspan’s fund and investor relations manager who is focused on raising assets primarily from individual investors and family offices. Wingspan has grown rapidly in recent years, expanding to new markets in suburban Chicago, Southeast Wisconsin and Florida, with eyes on expansion to Atlanta.

“Right now, smart investors are looking for alternative investments, and private equity real estate falls into that category,” said Sclafini. “Wingspan affords them the opportunity to directly invest in a fund with a three- to five-year hold and targeted returns above historical stock index performance. Especially as the stock market continues to waver this year, that’s very attractive. I deeply respect Wingspan’s values, its success to date and what it has in the pipeline, and I’m excited to join forces with them to be part of its continuing growth story.”

Sclafini most recently worked for First Trust in Wheaton, Ill., where he focused on RIA and institutional investors, offering ETF and SMA products. Prior to that, he was a financial analyst with Merrill Lynch and a floor trader for CME Group. He has an M.A. in sports and fitness administration from Northwestern University and a B.B.A. from Western International University in business administration, management and operations.

Big Fish Hospitality announced today it will open an upscale restaurant called The Prospect at 20West, a new luxury apartment building at 20 W Northwest Highway, in downtown Mount Prospect, Ill. Big Fish plans for a soft opening in late fall 2023 through a series of private events, followed by a grand opening toward the end of year. The two-story restaurant will begin buildout this summer.

Two veterans of Chicago’s fine dining restaurant scene, Chef Mauro Berruti of Gibson’s Italia, Bazaar Meat Chicago and Chicago Cut Steakhouse and general manager Garrett Supples of Chicago Diner, Frontier, Ina Mae Tavern and Packaged Goods, will tap their 30-plus years of culinary creativity and service to lead The Prospect.

Overseeing the buildout of The Prospect will be Nicholas & Associates, which completed the construction of 20West for developer Wingspan Development Group. “Having brought to market two rental buildings in this area – 20West and Maple Street Lofts – we’ve seen firsthand the appetite for downtown suburban apartment living in recent years and know how much residents will welcome a restaurant of this caliber,” said Chris Coleman, vice president of development for Wingspan Development Group. “The Prospect feeds perfectly into the live/work/play lifestyle so many people want out of living in downtown Mount Prospect.” The design firm for the space is Barker/Nestor.

The Prospect will have an open-concept design with an exposed kitchen and large food-prep counters in view of patrons. By merging Berruti’s culinary expertise with signature Italian and Argentinian touches, the menu will feature an array of cuisines from seafood to pasta and will incorporate charcoal and wood-fired elements – marrying both casual and fine dining.

Berruti plans to bring an elevated, yet approachable, dining experience to patrons. “I want everyone who comes to The Prospect to feel welcomed, relaxed and most importantly, taken care of – where guests feel more like friends and I’m on a first-name basis with everyone who comes into the restaurant,” said Berruti. “My goal is to make every customer a priority, going from table to table to ensure their meal is to their liking. Whether it’s an allergy, dietary restriction or a personal preference, I welcome my customers to bring anything to my attention.”

Supple’s career has covered metro Detroit, Chicago, Chicagoland and beyond. He has managed notable restaurants, including the Chicago Diner – one of the country’s most highly acclaimed vegan and vegetarian restaurants – and has worked with Brian Jupiter, a 2019 James Beard semi-finalist.

“Whether I’m focused on the front of house or keeping an eye on the kitchen, I always want to ensure our guests and restaurant team are taken care of and everything is running smoothly,” said Supples. “Exceptional service is imperative to being memorable, so we’re really looking forward to creating an exciting and consistently enjoyable experience at The Prospect to keep locals and those living outside of Mount Prospect coming back for more. Regardless if someone is looking for an outstanding meal or has a special occasion coming up, we want to be their first choice.”

Seating for the restaurant will span across two floors, accommodating 90-100 people on the first floor and 50-75 people upstairs on the second floor. A full bar will also be located on each level, with the upstairs offering a truly unique al fresco dining experience and serving as the restaurant’s private event space.

Nicholas & Associates and its sister company Wingspan Development Group, a national development firm active in mixed-use and multifamily properties, announced today they acquired nearly 59 acres in Pabst Farms and will be proposing a new live/work/play concept for the site in the master-planned community in Oconomowoc, Wisc., 35 miles west of Milwaukee. Expanding on Pabst Farms’ current residential, retail and commercial offerings, Nicholas & Associates and Wingspan will soon be submitting a plan for the city to review.

“We are very bullish on Oconomowoc and excited to share our vision for Pabst Farms with the city,” said Nick Papanicholas, Jr., president of Nicholas & Associates. “This is my Wisconsin home, so I have been driving by the property for years, and it would be an honor to add to the Pabst Farms legacy. Our family has 45 years of experience in developing thoughtful buildings that contribute to communities’ quality of life – in fact, we’ve already executed some school projects in Oconomowoc that reflect that philosophy. We plan to bring that same experience to this project and work closely with residents and officials to ensure the results align with local needs for modern live/work/play options.”

Oconomowoc has grown in population from 12,259 in 2000 to 18,379 in 2021, according to the U.S. Census. Last fall, a study by the city determined it had about 8,000 housing units and a shortfall of about 2,000 rental units.

Wingspan is best known for successful Class A suburban rental communities in Oak Creek, Wisc., and Brookfield, Wisc., as well as Tampa and suburban Chicago. Typical amenities at its apartment projects include outdoor pools, clubhouses with entertainment lounges and coffee bars, fitness centers, pet spas and dog parks, remote work business suites and conference areas and more.

“Our Pabst Farms proposal will build on the region’s growth while adding a sizeable tax base,” said Christopher Coleman, vice president of development for Wingspan Development Group. “We’re excited to breathe some new life into Pabst Farms and are working to establish the right to develop more of Pabst Farms in the future.  We look forward to bringing to Oconomowoc the same attention to detail that we have mastered so successfully in our other developments.”

Published by: Journal & Topics

Elk Grove Village Mayor Craig Johnson announced Mount Prospect-based Wingspan Development Group as the developer that would purchase and redevelop the Elk Grove Woods Plaza at Tuesday’s village board meeting. “Wingspan’s proposal best captured our ‘gateway’ vision while also suggesting several innovative features that are worth exploring further to make this a project the entire community can be proud of,” Johnson said in a written statement.

Wingspan Development Group is a sister company of Nicholas & Associates that recently built the new Dist. 59 school administration building in Elk Grove Village.

Besides the Dist. 59 building, Johnson said the company also built the new Elk Grove Public Works facility on Devon Avenue and renovated the village’s other public works garage on Lively Boulevard.

Although there is not yet any written agreement between the village and Wingspan, Johnson said the company has pledged to purchase the property at Arlington Heights and Higgins roads from the village. The village paid $17.5 million to purchase the shopping center, Elk Grove Bowl, and a gas station, which have already been torn down. 

Four development proposals to create a mixed-use development with a residential apartment building, townhomes, and retail at Elk Grove Woods were shown during a public open house at the Elk Grove Park District Pavilion in November. Those four proposals were also posted on the village’s website. 

At that open house, the names of the developers were not disclosed. Renderings and details of the four plans were shown, with each developer’s proposal given letters A through D. Wingspan’s proposal was marked as Proposal D. Johnson said 85% of written feedback collected at the open house and online preferred Proposal D from Wingspan.  

“Residents can expect to see changes to the proposed development. Final details will be ironed out with village officials in the coming months as the village board works to incorporate design goals,” a village statement said. 

Johnson said there would be one more open house in late February or March, where residents would have one more chance to provide input on Wingspan’s proposal. The project would then begin the normal village approval process, with plans first coming before the plan commission, where there would be more opportunities for the public to weigh in on the plan.

The proposal would see five buildings constructed on the site, a 276-unit high-end apartment building with first-floor retail and an indoor multi-floor parking structure, two, two-story rowhome buildings, each with eight units, two retail buildings, one 25,855 sq. ft., and one 21,930 sq. ft., and include an outdoor covered dining area, dog park, and bridge over Arlington Heights Road into Busse Woods.  

At Tuesday’s meeting, Johnson stressed that the project would see the demolition and the construction of new retail space along Higgins Road start first. He said retailers currently operating in the shopping center would continue to operate as they have been while new retail is built. 

The company’s timeline calendar, included in Proposal D, anticipates the village approval process would begin this month, running through August, with permit approvals anticipated in December. 

It anticipates a groundbreaking in March 2024, but Johnson said he would like to see demolition and construction start before the end of the year, which could push up the timeline for the entire project. 

Wingspan’s timeline anticipates completing retail spaces by December 2024 and moving retail tenants into those new spaces by February 2025. 

Once retail construction is complete, retailers would only need to close briefly to move from existing spaces into new spaces. Once retailers are moved to Higgins, demolition of the old retail spaces would begin in March 2025 followed by construction of the apartment building and rowhome buildings, with final certificates of occupancy issued by November 2026.

Published by: TheRealDeal Chicago Real Estate News

Nick Papanicholas Jr.’s development firm won a contest to transform Elk Grove Village’s oldest shopping center with a midsize apartment complex proposal.

Officials in the northern Chicago suburb chose Wingspan Development Group to redevelop the 10-acre Elk Grove Woods Plaza at South Arlington Heights and Higgins roads, the Daily Herald reported. Wingspan’s plan was selected out of a pool of four proposals considered at a November open house.

Wingspan, whose president is Papanicholas, earned the job with its five-story, 267-unit apartment complex proposal it will dub Elk Woods Lofts, with 11,000 square feet of retail space as well as 16 three-story townhouse units and attached garages. The proposals the village passed over in preference of Wingspan’s include one by Synergy Construction Group that would have brought 319 apartments and 30 townhouses, which was the largest submission, and two others by developers the village declined to name that would have brought 206 apartments and 32 townhomes, and the other with 282 apartments.

The village of Elk Grove spent more than $17 million on behalf of taxpayers to assemble the real estate needed for the project. The village bought the Elk Grove Bowl bowling alley for $2 million and the adjacent retail strip for $10.7 million, shortly before buying the Shell gas station at the corner of the block for $5 million. The bowling alley was recently demolished.

Wingspan previously built the village’s public works garage and renovated a number of schools. Plans also call for a single-story, 25,855-square-foot retail building with a clock tower at the corner of the development and another 21,930-square-foot retail building along Higgins Road.

The village will hold another public open house for residents to see updated plans, likely in March. The project will then go before the plan commission for a public hearing and then on to the village board for final approval. Wingspan will also likely pursue redevelopment and tax-increment financing agreements with the village.

Suburban Chicago has seen a boom in apartment construction in recent years, with cranes dotting the skies from Mount Prospect to Orland Park and 11,600 new units built or under construction since 2020. But with rising interest rates and construction costs, continued supply chain challenges and economic uncertainty, will suburban multifamily development lag in 2023?

As a former banker who transitioned into multifamily development and investment, I believe that although the market is cooling from its frothy 2021 high, there is still plenty of runway ahead. Here's why.

Surging demand

With 2022's interest-rate hikes, many people have been priced out of the single-family home market and will rent instead. In June 2022 the cost to own a home was $839 more per month than renting, almost $200 higher than at any time since 2000, according to John Burns Real Estate Consulting. Also, a recent Credit Karma survey found 54% of renters believe they will never own a home.

At the same time, more and more people simply prefer to rent, happy to enjoy modern apartments' luxe finishes, wealth of amenities like cybercafes, pools and coworking spaces, and low-maintenance lifestyle where everything from snow shoveling to pool cleaning to upkeep and repairs are handled by professional maintenance teams. Baby Boomers and Millennials both have embraced upscale apartment living. In fact, at my company, Wingspan Development Group, our properties attract everyone from young families and single professionals to empty nesters.

Due to the growing number of people who need or want to rent, more suburbs are rezoning to allow for multifamily development, especially municipalities seeking to create vibrant, walkable live/work/play downtowns. Before we built 20West and Maple Street Lofts, two luxury multifamily communities in downtown Mount Prospect, the village had not seen a new Class A apartment building in 30 years, but it has now reprioritized multifamily development as part of an emphasis on enlivening the downtown and improving its tax base. Many suburbs have even been offering tax incentives to attract this type of development.

In all, developers built 2,100 new apartments in Chicago's suburbs in 2020, 3,600 in 2021 and 2,000 in 2022, per Integra Realty Resources, with 3,700 units under construction and for delivery over the next 18 months. While these new units will help keep pace with local demand -- the suburban occupancy rate was 97.5% in the third quarter 2022 -- nationally, 4.6 million new multifamily units will be needed by 2030, according to the National Apartment Association. So yes, there's plenty of runway left.

Once a stopping point for travelers from Chicago on their way to the Wisconsin Territory, and later made famous for its “Restaurant Row” along Milwaukee Avenue, the Village of Wheeling today is attracting new housing, retail and other businesses that are creating a dynamic environment for the town and its growing population.

One of the newest projects to bring exciting energy to Wheeling is London Crossing, an innovative mixed-use development with live/work/learn components that taps Nicholas’ 40 years of successful K-12 education developments, plus Wingspan Development Group’s expertise in multifamily and mixed-use development.

Located on a formerly vacant lot on Dundee Road between Dunhurst Plaza and London Middle School, this “New Gateway to Wheeling” on the Village’s west side includes:

• CCSD 21 Administration Building and Community Space. Wheeling Community Consolidated  School District 21’s new administration building offers much-needed office space for the district, allowing it to take a more holistic approach to serving its students and their families while embracing the larger Wheeling community.

  Designed by Arcon Associates, this $17 million three-story, 42,558-square-foot Community Service and Administration Center will triple the space of the district’s current 1960s-era facility on Dundee Road. The new building’s ground floor will house CCSD 21 community partners, including OMNI Youth Services, Hands On Suburban Chicago, the Northwest Special Recreation Association, and the YWCA, while also offering space for physical, dental, and mental healthcare for families that may not otherwise be able to access these professionals, enabling the district to “serve the whole child” – readily connect students with whatever services they need to be successful.

  Its upper floor will provide professional development and teaming spaces for district staff and teachers, with multiple light-filled classroom modeling opportunities, while the middle floor has new, sizeable district office and meeting spaces, freeing up educational space within the adjacent London School building. Throughout the building will be meeting spaces that members of the community can reserve and use, creating a lively civic center. Parking will accommodate large evening events, while a sidewalk will connect the building to the London School next door.

  The CCSD Administration Building broke ground in December 2021.

• Residential and Retail. London Crossing also will include 55 row homes in 11 buildings, according to the current plan,to be built by Ryan Homes, as well as 22,000 square feet of retail space. Landscaping and fences will separate the homes and retail, but there will be a gate and sidewalk to allow residents to walk to shops and businesses.

Published by: RE Journals

Wingspan Development Group, a national development firm active in multifamily and mixed-use properties, recently joined local officials including Plainfield Mayor John Argoudelis and project partners for a ribbon-cutting ceremony for Sixteen30, a new Class A, 284-unit rental community at 14750 S. Wallin Drive in Plainfield, Illinois, about 40 miles SW of Chicago. 

Featuring eight garden-style buildings with neo-farmhouse exteriors surrounding a 7,500-square-foot clubhouse with resort-style pool, Sixteen30 is already 80% leased. Residents from families to downsizers from throughout the area, including Chicago, Naperville, Illinois, and Plainfield, are attracted to Sixteen30’s luxury amenities, such as a cybercafe for parties and other socializing, outdoor grilling area, shared offices and pet-focused spaces.

Located near the intersection of U.S. Route 30 and County Highway 126, Sixteen30 offers a mix of studio, one-, two- and three-bedroom units in a variety of layouts, ranging from 600 to 1,500 square feet. Units offer vinyl plank flooring in main living areas and nine-foot ceilings, as well as walk-in closets, in-unit washer/dryers, a patio or balcony, keyless entry and high-speed internet. Kitchens feature stainless appliances, quartz countertops and ceramic tile backsplashes. 

Sixteen30’s clubhouse, which won a Platinum Key Award for Community Design/Amenities from the Home Builders Association of Greater Chicago, is the community’s social hub. It features a great room, coffee bar, fitness center with smart technology and cardio training with yoga studio, demonstration kitchen, pet spa, office/hoteling suites and other luxe amenities. There is also a 24-hour package room. Outdoor amenities include a bocce ball court, two large dog parks, fire pit and grilling spaces.

Sixteen30 is a 10-minute walk to the restaurants, stores and parks of downtown Plainfield and less than one half-mile from the new PACE Park-n-Ride facility on Van Dyke Road. Sixteen30 is also less than a mile from the new Wallin Oaks Elementary School, and near Ira Jones Middle School and Plainfield North High School.

As with all of Wingspan’s projects, the developer’s sister company Nicholas & Associates performed the construction for Sixteen30. Lincoln Property Co. is overseeing leasing and property management.

Written by: Beck Andrew Salgado Milwaukee Journal Sentinel

A nearly 300-unit development could be coming to Wauwatosa’s Mayfair Collection in the form of two five-story buildings at 11220 Burleigh St.

Proposed by Wingspan Development Group, the project, currently named Foundry, would be the first step in a three-phase residential vision for the area that the group is hoping to break ground on by summer 2023. 

This new development would be yet another in the highly popular Mayfair Collection hybrid residential and shopping community. The proposed development is also in line with Wauwatosa’s growing desire to provide larger amounts, and more diverse styles, of housing. 

Project will feature a pool, pickleball court, putting green and more 

The proposed development will be broken into two five-story buildings with one building larger than the other. The smaller building will contain 95 units that will amass a total of 132,405 square feet. The larger building will offer 194 units and will be 227,750 total square feet. 

Both the individual buildings will offer the same diverse set of apartment layouts with 5% of the units being studios, 33% being one-bedroom units, 58% being two-bedroom units and 4% being three-bedroom units. For some units on the first floor, a private yard will be included.

Central to the developer's vision is a semi-public community area that will offer a variety of spaces on the first floors and in the courtyard of the development. Some of the amenities included in the first proposal are a pool, a pickleball court, a bocce ball court, a putting green, a fire pit and a lounge/ game room. 

The developers explained that the community area is primarily intended to serve residents of the development. However, as more residential developments are built, in line with Wingspan's three-phase vision, it will be shared by the surrounding buildings. 

Wauwatosa officials support the project

The presentation of Wingspan’s development at Thursday’s Design Review Board meeting was never intended to seek approval. Rather, Wingspan Development Group wanted to take the opportunity to field critiques of the first rendition of the project. 

Reactions to the development were overwhelmingly positive. Board member Dennis Scherr said the project was “very successful in my mind at this stage,” and another board member, Dan Beyer, mentioned that he felt the project is in line with what the area needs. 

“I think there's a really nice feel to this,” said Beyer. 

Wingspan Development Group is no stranger to the Milwaukee metro area. The company built the HUB13 apartments in Oak Creek and the Ruby apartments in Brookfield.

Wingspan hopes to start construction on the Foundry project in summer 2023. 

Despite the positive feedback to its first proposal, the development will have to return to the review board at a later date to officially be approved. 

The Mayfair Collection has grown considerably

The Wingspan proposal is the latest in an influx of projects that have bolstered the residential and commercial prowess of the Mayfair Collection in recent years. 

Wauwatosa in 2019 announced would pay $20 million to help finance mixed-use developments at the Mayfair Collection that will eventually include 750 apartments and multiple office spaces. 

Moreover, another development in 2022 was in part financed by federal tax credits. That development will total 80 apartments, with 56 units set aside for low- to moderate-income families.

Beck Andrew Salgado can be reached at 512-568-4070 or Bsalgado@gannett.com. Follow him on Twitter at @Beck_Salgado.

Wingspan Development Group, a multi-state development firm active in multifamily and mixed-use properties, and ABC Capital Corp. announced Jade at North Hyde Park, which started pre-leasing in March (with a 100-person wait list for tours), is already 57% leased and welcoming first move-ins.

The new $46 million, mixed-use project offers 192 luxury apartments and resort-style amenities at 608 N. Willow Ave. in Tampa’s burgeoning North Hyde Park neighborhood, a walkable area filled with bars, restaurants and coffee shops.

With Tampa’s rental market exploding and rents at an all-time high – the city had the nation’s largest rent growth, 42%, since the start of the pandemic in March 2020, according to Apartment List – Jade is a new luxury option in North Hyde Park, conveniently located one-half mile from downtown Tampa, Armature Works food hall and other popular destinations.

Adding to Jade’s appeal, a well-known Tampa restaurateur signed a lease in March for two concepts, including the fifth location of a popular ramen shop along with a high-energy coffee house, for Jade’s 3,200-square-foot ground-floor retail space.

“The pandemic led people from all over the country to relocate, and many flocked to Tampa,” said Jason Macklin, director of development for Wingspan. “With this influx of people, we’ve only seen demand grow for newer, modern rental communities with all the bells and whistles. We’re thrilled with the market’s response to Jade so far and believe we have the right product at the right time for this market.”

Located at 608 N. Willow Ave., near West Cass Street, Jade at North Hyde Park offers a choice of studio and one- to four-bedroom units ranging from 463 to 1,421 square feet with luxe finishes. Units offer quartz countertops, tile backsplashes, undermount sinks, energy-efficient stainless steel appliances, wood-style plank flooring, in-unit washer/dryers and programmable thermostats. Some units also have built-in wine storage, dual-sink vanities in the primary bathroom, and/or covered balconies.

Jade also includes an array of amenities to enhance outdoor activities or fulfill remote working needs. Outdoors, residents will find a courtyard pool and poolside club, exterior kitchens and a yoga lawn. Independent coworking spaces and conference rooms cater to the work-from-home crowd, while a package concierge system eliminates delivery bottlenecks.

The building also offers a cybercafé, gathering lounge, bike storage and repair, smart phone building access, online residential portal app and 24-hour emergency maintenance. Jade is a pet-friendly community offering a pet spa and other amenities.

“Just as Tampa has become one of the nation’s top destinations for renters, Jade is quickly becoming a favorite choice for luxury living near downtown,” Macklin said. “It offers top finishes and amenities in a bustling neighborhood filled with new shops and restaurants – bringing all the benefits of city living. Along with our sister property NICHE, located nearby in North Hyde Park, Jade is offering renters an exciting new option in the Tampa market.”

(As written and recorded in Real Estate for Breakfast)

Vice President of Development for Wingspan Development Group Chris Coleman says that the privately owned real estate company is more of a “developer with a general contractor in-house,” than a traditional developer. That vertical integration gives Wingspan a differentiator in the market. Currently focused on multifamily and mixed-use developments in Northern Illinois, Southeastern Wisconsin and Central Florida, Wingspan is now seeking to expand into the Greater Phoenix, Greater Denver, and Greater Atlanta markets.

On this episode of Real Estate for Breakfast, host Phil Coover and Chris Coleman discuss Wingspan’s real estate development strategy, how the company differs from other developers, and some of the group’s most successful projects. Additionally, they discuss how Wingspan is navigating the current real estate climate and how Chris and other company leaders chose which new markets to target. Chris explains that the Phoenix, Denver, and Atlanta markets are all areas that he himself or the group’s Director of Development, Jason Macklin, are personally familiar with, and that is what gives Wingspan comfort in moving forward in those regions. Chris refers to this concept as the group’s way of avoiding “the dumb tax,” or losing money by naively developing in areas that the local operators have passed over due to local knowledge of a development challenge.

Chris also discusses the group’s formation, and how it grew out of its sister company, Nicholas & Associates. As a family-owned business, Chris points out that Wingspan can be selective about its deals, and that patience can sometimes give it an advantage over traditional development companies. Overall, Chris says, Wingspan’s number one priority is to protect the family and execute good projects.

As Wingspan’s Vice President of Development, Chris is responsible for all of the company’s lines of business, including development oversight, fostering new debt and equity relationships, and implementing Wingspan’s overall strategic plan. 

Prior to joining Wingspan, Coleman served as Chicago Division President for William Ryan Homes, Inc. Chris first began his career in real estate in 1988 as a market analyst with The Zale Group.

After spending time in Florida and Georgia, Coleman returned to Chicago in 1997 to launch his own firm specializing in in-fill redevelopment. He joined Wingspan Development Group in 2017.

From 211 Pine Street on "Leave It to Beaver" to 308 Negra Arroyo Lane in "Breaking Bad," suburban living is often equated with single-family houses. Yet suburban apartments have quietly grown in popularity -- with a 97% occupancy rate in suburban Chicago as of year-end 2021, according to Integra Realty Resources -- and we can't build them fast enough to satisfy demand. I've been building suburban apartments since the late 1980s, and I can tell you the new incarnations are very different in look, feel and function from those of your grandparents.

Here are five ways:

1. More suburbs want them
   When I began working for The Zale Group in 1988, the company was building apartments in Schaumburg -- at the time, a relatively new community (founded in 1956) -- because older communities did not want them, afraid they encouraged transience.

   Starting about 10 years ago, more suburbs discovered apartments were crucial to the renaissance of their downtowns, along with shops, restaurants and other businesses.

   Now, older suburbs from Evanston to Elmhurst welcome new apartments and their tax revenue and foot traffic, as well as improvements such as public and private parking.

2. Mass transit is a crucial factor

   If the bulk of earlier suburban apartments were built on the fringes of the community, many today are located in the heart of it all -- and with public transportation within walking distance.

   TODs, or transit-oriented developments, are built near mass transit, typically commuter train stops or bus stops, and offer easy weekday access to Chicago for work or for weekend jaunts to enjoy shows, museums and festivals. (Reducing traffic and auto emissions is another plus.)

3. They offer high-quality amenities and finishes

   The suburban apartments of yore often were a garden-style product, with -- if you were lucky -- a communal swimming pool.

   Now we have things like a 15,000-square-foot amenity deck with a resort-style pool and hot tub, 24-hour fitness facilities and yoga studios, hoteling suites, demonstration kitchens, clubhouses, lounges, bark parks, pet spas and other luxe amenities.

   Our Maple Street Lofts in Mount Prospect, for example, will soon host a ground-floor Angelo Caputo's Fresh Market.

   Unit finishes also are much nicer. The vinyl sheet flooring and carpet of the 1960s, '70s and '80s has given way to laminated plank. Quartz counters, stainless appliances, in-unit washer/dryers and smart-phone-controlled building access and controls are common.

4. They offer open layouts and HGTV-influenced design

   Because of all the shared common areas -- and a higher price per square foot -- today's units typically are smaller than a generation ago but use space much more efficiently.

   For example, small galley kitchens separated by a wall or peekaboo window from living rooms have given way to open kitchen and living room layouts, making the whole unit feel more spacious.

   Designs are vastly more attractive, now that apartments have become a residential destination rather than transitional housing.

   Influenced by HGTV, Pinterest and travel, people of all incomes have a higher expectation of fit and finish, whether it's sleek urban sophistication or farmhouse chic, as with our Sixteen30 development in Plainfield.

5. Labor pools and building technologies are evolving

   Making a living in the trades is not as popular as it was when I started out, so there's a labor shortage.

   We also have moved from stick building to panelized construction, in which wall sections of the building are built off-site, then trucked to the site and assembled -- reducing installation time and improving quality.

From singles and young families to empty-nesters, more people than ever are choosing suburban apartments.

These conveniently located, strategically designed, well-built homes offer vacation-like amenities, easy access to suburban and Chicago downtowns and minimal maintenance -- giving the traditional single-family house a run for its money.

Wingspan Development Group, a multi-state development firm active in multifamily and mixed-use properties, and ABC Capital Corp. today announced that pre-leasing is underway for Jade at North Hyde Park, a new $46 million, mixed-use project offering 192 luxury apartments and resort-style amenities at 608 N. Willow Ave. in Tampa’s burgeoning North Hyde Park neighborhood. Jade at North Hyde Park is scheduled to deliver its first units in early second quarter 2022. Virtual and in-person tours are underway.

In addition, Wingspan and ABC also announced they have a signed lease with a well-known Tampa restauranteur for two different concepts to occupy the building’s 3,200 square feet of ground-floor retail space. One space will mark the fifth location for one of Tampa’s hottest ramen shops, while the second space will feature a high-energy coffee house. The ramen shop will take the majority of the space, about 2,700 square feet, and also provide ample covered outdoor dining space that will activate the corner of North Willow Avenue and Cass Street. Both retail spaces are scheduled to open this fall.

“Pre-pandemic, we always knew Jade’s location in Tampa would be a draw for renters, but now the demand to live in North Hyde Park has become almost insatiable – we’re fielding dozens of prospect requests a day,” said Jason Macklin, director of development for Wingspan. “The building boom in this area has led to a real vibrancy with a surge of new restaurants and retailers – all of which benefit Jade’s future residents. 

“Like our sister property NICHE, located nearby, Jade at North Hyde Park is in the heart of it all and will be a welcome option in Tampa’s red-hot rental market,” Macklin added. “And the fact that a popular restauranteur has chosen Jade as the spot to reveal two exciting new concepts just further proves this is Tampa’s next hot neighborhood.”

Located near the intersection of West Cass Street and North Willow Avenue, Jade at North Hyde Park is one-half mile from downtown Tampa and just a few blocks from the University of Tampa, Armature Works and other popular Tampa destinations.

The building will offer a mix of studio, one-, two-, three- and four-bedroom apartments ranging from 463 to 1,421 square feet, with rents starting around $1,000. Units feature stylish interiors, including quartz countertops, tile backsplashes, undermount sinks, energy-efficient stainless steel appliances, wood-style plank flooring, in-unit washer/dryers and programmable thermostats. Select units also include built-in wine storage, dual-sink vanities in the primary bathroom and/or covered balconies.

Residents will have a full range of luxe amenities for work or play, such as a large courtyard pool with yoga lawn, poolside club and outdoor kitchens, pet spa, cyber café, gathering lounge, bike storage and repair, coworking spaces and conference rooms, a package concierge system, smart phone building access, online residential portal app and 24-hour emergency maintenance. 

“With year-round great weather and a burgeoning economy, Tampa was second in the nation for rent growth last year, according to Realtor.com, and rents are still rising due to demand,” said Macklin. “As the city booms and more and more people want to live here, Jade at North Hyde Park is offering them the opportunity to get in early and lock in rents now. We had a 100-person waiting list just for tours of Jade, so we feel confident the building will lease up relatively quickly. And while Jade’s residents won’t have to walk far to enjoy all the neighborhood offers, by this fall they’ll be only an elevator ride away from one of the city’s newest dining hot spots.”

Wingspan Development Group, a privately held multi-state development firm active in multifamily and mixed-use properties, and Batson-Cook Development Company (BCDC) today announced that pre-leasing is underway for Hub13, a new $63 million, 300-unit garden-style multifamily community on 13th Street, just north of Drexel Avenue in Oak Creek, Wis. Hub13 is scheduled to deliver its first units this spring.

Hub13 marks the newest Class A rental community with resort-style amenities, such as a standalone clubhouse and Zen Garden, in the area. Offering easy access to both downtown Milwaukee and the growing commercial and manufacturing centers of Kenosha and Racine counties, Hub13 is only 1 mile from Drexel Town Square, Oak Creek’s vibrant downtown retail, commercial, residential and civic district. The luxury rental community is also a vital part of the Drexel interchange building boom that also includes an Ikea, the Highgate sports complex and a hotel and conference center.

“Oak Creek is definitely on a growth trajectory right now, with a wealth of new community and commercial benefits, and Hub13 is in the perfect position to take advantage of all of them,” said Jason Macklin, director of development for Wingspan Development Group, which is based in Mount Prospect, Ill. “There is a real hunger for Class A luxury rentals in the suburbs right now, and Oak Creek is no exception. Early signs point to a great lease-up here as people who have a long rental wish list are finding everything they want and more at Hub13.”

Hub13 offers nine two- and three-story residential buildings featuring a mix of studio, one-, two- and three-bedroom units, ranging from 582 to 1,341 square feet, with rents starting around $1,100. Units boast high-end finishes, including wood-style plank flooring in living areas, luxury cabinetry, stainless steel appliances, quartz countertops and in-unit laundry. Select units include a balcony or patio. Indoor parking is available for a separate fee.

Residents will be able to enjoy an endless list of amenities, including a 24-hour fitness center with yoga studio; community clubhouse with lounge, pool and fire pit; outdoor grilling hubs; horseshoes and bags courts; off-leash dog park and pet spa; coworking business center; wine and beer room; and access to a nearby nature preserve and wetlands. Other conveniences available to Hub13 residents include a package concierge system, smart phone building access, online residential portal and app, and 24-hour emergency maintenance. 

Financing for Hub13 was provided by First Merchants Bank. The architect is JLA Architects, Ayres Associates is the civil engineer and Nicholas & Associates is the general contractor.

Wingspan Development Group, a national development firm active in multifamily and mixed-use properties, announced the opening of its model and award-winning clubhouse at Sixteen30, a new Class A apartment community of 284 units in Plainfield, Ill., about 40 miles southwest of Chicago.

Featuring eight garden-style buildings with neo-farmhouse-exteriors surrounding a 7,500-square-foot clubhouse with resort-style pool, Sixteen30 has already surpassed the 30% leased milestone in just over three months.

“Demand for luxury suburban rentals like Sixteen30 that offer people the space, flexibility and high-level amenities they want right now has been remarkably strong through the pandemic,” said Chris Coleman, vice president of development for Wingspan. “These deluxe properties are also highly appealing for their maintenance-free lifestyle, which is especially attractive as we head into colder weather as snow and ice removal are taken care of for residents.

“And like our other suburban rental developments, Sixteen30 offers easy access to major commuter corridors, which is a growing priority for those planning to return to the office,” added Coleman.

Located at 14750 Wallin Dr., near the intersection of U.S. 30 and Highway 126, Sixteen30 offers a mix of studios, one-, two- and three-bedroom units in a variety of layouts, ranging from 600 to 1,500 square feet and priced from $1,525 to $2,750 per month. Residences feature 9-foot ceilings; vinyl plank flooring in main living areas; work-from-home space; kitchens with stainless appliances, quartz countertops and ceramic tile backsplashes; walk-in closets; in-unit washer/dryer; keyless entry; and high-speed internet. Most units have a patio or balcony.

Serving as the community’s social hub is a clubhouse featuring a great room, coffee bar, fitness center with smart technology and cardio training, yoga studio, bocce court, demonstration kitchen, pet spa and other luxe amenities. There is also a 24-hour package room. Designed by Eleni Interiors, the clubhouse recently received a Platinum Key Award for Community Design/Amenities from the Home Builders Association of Greater Chicago.

“Until recently, Plainfield – like neighboring Naperville – has seen much more for-sale, single-family-home development than luxury rentals,” Coleman said. “But as evidenced by our strong leasing numbers, there was definitely pent-up demand for the lifestyle and amenities offered a place like Sixteen30. And with up to three bedrooms available at the community, it’s also become an attractive option for families who are renters by choice.”  

Sixteen30 is located just over a mile from the restaurants, stores and businesses of downtown Plainfield and only 3 miles from Interstate 55. It also is 10 miles from Interstate 80 and about 10 miles from Naperville, which has more than 150 shops, spas and restaurants in a walkable historic downtown.

Plainfield’s population increased tenfold from 1990 to 2020, from 4,500 people to 43,000 people. Residents of Sixteen30 are served by Plainfield Community Consolidated School District 202, which is now the fifth-largest public school system in Illinois, according to the State Board of Education, and one of the highest regarded, according to GreatSchools.org.

As with all of Wingspan’s projects, its sister company Nicholas & Associates is performing the construction for Sixteen30. Lincoln Property Company will oversee leasing and property management. To view floor plans, photos and a virtual tour of the property, visit www.sixteen30.com. For an in-person tour, call 815-676-3230.