Reserve Apartments
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Reserve Apartments

Glenview, IL

One of the largest institutional private equity investment firms

Pre-venture diligence and development oversight

Our Role

RPL provided pre-venture diligence and development oversight services for a private institutional equity partner.

Unique Approach

  • Located adjacent to a METRA rail station.
  • Depended on site and utilities work by adjacent developer.

Outcomes

  • Project completed on time.
  • Leased up quickly.

Scope of Work

Development of three-story apartment building wrapped around a precast parking garage. Includes on-site clubhouse, outdoor pool, several private park areas, a putting green, children’s play area, and a dog run.  Located adjacent to a METRA rail station.

Project Summary

  • Client: One of the largest institutional private equity investment firms
  • Location: Glenview, IL
  • Size: 239 units, 3 floors, 238,100 SF
  • Timeline: 2013 to 2015
  • Services: Pre-venture diligence and development oversight
  • Cost: $60 Million