Construction has started on GSP Development's Apex 400 Apartments located on a former Giesche Shoe site and village owned parking lot at 418-424 N. Main Street in downtown Glen Ellyn. This will be a ground-up, luxury, multi-family apartment and retail property.
RE Journals reports that Fitzgerald Associates is providing the architectural services and the Missner Group is building this development. Completion is scheduled for the first quarter of 2022.
The property will consist of the following:
- First class amenities
- Five story mixed-use building
- 9,000 square feet of first-floor commercial space
- 107 luxury apartment units on the second to fifth floors
"We look forward to working with GSP Development to deliver a project of exceptional quality, all while continuing to enforce the highest standards of health and safety on-site each and every day."
COO of the Missner Group | Bob Papineau
The apartments will feature the following:
- Studio and convertible units
- one and two-bedroom apartments
- Range from 600 square feet for a studio to 1,100 square feet for a two-bedroom
- Outdoor balconies
- In-unit washers and dryers
- State-of-the-art appliances
- Granite countertops
- Security systems
- Walk-in closets
- Outdoor rooftop swimming pool for communal use
- Recreational area with a perimeter walking path
- Entertainment room
- Business center
- Yoga studio
- Fitness facility
- Two-story parking garage with public parking on the first floor and residential parking on the second floor
The parking area intended for public use will replace the existing parking area on the site to include 137 public parking spaces. The project will have a total of 232,283 square feet.
"There continues to be a strong demand for luxury apartment rentals in transit-oriented suburban downtown markets, with Glen Ellyn being one of suburban Chicago's most attractive markets. We eagerly look forward to meeting the demand for this luxury sector of the market."
President of GSP Development | Larry Debb
According to the Village of Glen Ellyn, the Giesche Shoe store closed in 2014, leading to a vacant site for the last five years. Since that time, four prospective developments have been proposed for the site. Other than the current proposal, none of the prior projects proceeded past the conceptual planning stage.
The Village of Glen Ellyn has a generous supply of single-family housing, affordable apartments and condominiums. The Village, however, does not currently have an available supply of luxury apartments. These units will have high quality finishes and could be easily converted to condominiums in the future, if appropriate. This type of housing is attractive to seniors and millennials and would add diversity to the Village's housing stock.
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