Wingspan Development Group And Nicholas & Associates, Inc. Hires Eleni Interiors To Provide Interior Design For Buckingham Place Luxury Apartments
Wingspan Development Group and Nicholas and Associates, Inc. have selected Eleni Interiors to provide interior design and merchandising services for Buckingham Place luxury apartments, a new 267 unit wrap-style apartment property in northwest suburban Des Plaines.
DES PLAINES, ILL. (PRWEB) JANUARY 28, 2018
Wingspan Development Group and Nicholas and Associates, Inc. have selected Eleni Interiors to provide interior design and merchandising services for Buckingham Place luxury apartments, a new 267 unit wrap-style apartment property in northwest suburban Des Plaines. The property is scheduled to open in the summer of 2018, bringing the highest level of amenities and finishes to an underserved market. “These residents will be about an 8 minute walk to the Cumberland Metra station. There’s nothing new like this along the whole northwest Metra line. People want this kind of lifestyle and Eleni was a perfect fit to help us deliver it in a Class-A fashion,” said Nick Papanicholas, Jr. Vice President of Nicholas and Associates, the General Contractor and Construction Manager for the project.
Christopher Coleman of Wingspan added, “Eleni has proven over and over that they know what today’s renters want in a property. They have a very impressive resume. We have several common areas in the building, each with its own theme and identity. Eleni has done a great job with the design.”
Founded by Helen Velas, Eleni Interiors is best known for its innovative ability to identify the needs of select target markets through analyzing consumer psychographics and demographics. Since 1987, Ms. Velas has been actively involved in several homebuilder and apartment associations, has served on numerous industry related committees, and has judged for a wide variety of award programs.
“Our experienced designers are passionate about delivering unsurpassed service, integrity, and devotion to each project. Working closely with our clients to customize each design, we showcase unique finishes and luxury elements,” said Velas. Eleni Interiors has won over 100 industry design awards for its diverse and sophisticated interiors. Eleni has worked with a number of the industry’s best developers and property managers, including Draper and Kramer, Lincoln Property Company and Morningside Group.
“When choosing an interior design and merchandising team for a $70.0MM development with 9 unique interior common spaces you have to find a group who can deliver. We’re very excited to be working with Eleni Interiors on Buckingham Place,” added Coleman.
Wingspan Development Group delivers the highest quality projects across multiple real estate segments; residential, commercial and land development. The firm’s core team has over 80 years of real estate and construction experience combined with an unparalleled commitment to detail and execution. By blending broad capabilities and a nimble organization, Wingspan capitalizes on diverse market opportunities to create value for clients and stakeholders. Wingspan has offices in Mount Prospect, IL and Milwaukee, WI. For more information, contact Christopher Coleman at 847.394.6200.
A mixed-use development with 55 townhouses and 35,000 square feet of restaurants and other stores could be coming to a struggling property in Wheeling.
The village board gave early approval Monday to Dunhurst Plaza in the 900 block of West Dundee Road, near the intersection of Dundee and Elmhurst roads. Wingspan Development Group is proposing redevelopment of the 11.5-acre site.
Sunrise Indian Supermarket is the only business operating at the site. The remaining portion of the building it occupies is vacant, and I.F. Furniture Gallery previously occupied a second building. The two buildings are a combined 60,000 square feet.
Developers want to bulldoze those two structures to make way for townhouses on the southern part of the property and three commercial buildings along Dundee Road. The two-bedroom townhouses would be about 1,800 square feet each and include two-car garages.
Meanwhile, the commercial portion of the property would have two 16,000-square-foot buildings and a 3,750-square-foot building, each with a drive-through and space for retail shops or fast-casual restaurants.
"We think it's a very interesting opportunity," said Chris Coleman of Wingspan Development Group. "It's not without challenge, but we think it can be much improved over what it is today."
The village board also signaled it may provide financial incentives for the development, though no agreement has been reached.
Soil on the unoccupied western part of the property will need to be replaced with more compact material to build upon. That could require funds from the tax increment financing district.
In a TIF district, increased tax revenues generated by new development are diverted to a fund used to pay for improvements within the area. Throughout the 23-year life of the TIF district, other taxing bodies such as schools and park districts continue receiving tax revenues equal only to what they received when the TIF was created.
The property is within the Town Center II district.
About two years ago, a developer wanted to build a 150-unit apartment complex for senior housing at the site, but the village board blocked that proposal over its density. The village also once considered building a fire station on the western part of the property.
If the project completes the village's approval process, the developer wants to complete it in summer 2019.
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Chris Coleman, VP of Development at Wingspan, periodically shares his thoughts and observations on property development news.