CHICAGO, IL - Chicago-based REVA Development Partners has announced construction is nearly complete on a second phase of development at The Oaks of Vernon Hills, a 336-unit luxury rental community in Vernon Hills. Demand continues to be strong for the rowhomes and apartments completed in the initial phase of the 27-acre development and this expansion will bring an additional 32-unit apartment building to the community. Leasing and property management is being overseen by Kinzie Real Estate Group with pre-leasing for Phase Two slated to begin in early spring.
Located along Route 45, just west of Milwaukee Avenue, The Oaks of Vernon Hills is nestled in a serene setting among mature oak trees with a combination of apartments and rowhomes arranged in a series of pocket communities. Similar to the 256 apartments in Phase One, the 32 units in this next phase of construction will be a mix of one-bedroom/one-bathroom, some of which include a den, and two-bedroom/two-bathroom plans. Apartments range from 696 to 1,249 square feet. The three-story apartment buildings at The Oaks are served by an elevator and include attached garages.
“The market response was very strong for the apartments completed during the first phase of construction which prompted the village to approve construction of this second phase,” said Matt Nix, principal of REVA Development Partners. “With rents for one-bedrooms starting at just $1,499 a month, we’re anticipating a similar demand for the one- and two-bedroom plans available in this second phase,” noted Nix.
The many environmentally friendly features found throughout the community earned The Oaks of Vernon Hills Silver LEED (Leadership in Energy and Environmental Design) certification from the U.S. Green Building Council. Nix commented, “We recognize the importance of promoting sustainable living and it’s a very attractive concept for high-end luxury renters.” He continued, “Most of our residents wholeheartedly embrace the idea of leaving a lower carbon footprint and we are proud to have earned this certification at the Oaks.”
Interior finishes include 9-foot ceilings, granite countertops, stainless steel appliances, contemporary flooring and in-unit washers and dryers. Residents also have access to a full suite of community amenities, including a clubhouse with a catering kitchen, outdoor swimming pool with sundeck and fire pit as well as outdoor grilling stations, bocce ball court, theater/gaming room, state-of-the-art fitness center, dog park and full-time, on-site management and maintenance staff.
“We know pet amenities continue to be an important consideration for renters and our on-site dog park gives both two- and four-legged residents the chance to mix and mingle,” continued Nix. “Thanks to the assortment of communal spaces throughout the community and the variety of activities at the centrally located clubhouse, newcomers will have ample opportunity to socialize with neighbors who have lived in the community since it first opened,” he added.
The Oaks benefits from its highly accessible location, within a mile of both the Vernon Hills and Prairie View Metra stations, and proximity to I-294 and Milwaukee Avenue. Additionally, the community is within minutes from popular dining and entertainment destinations at Westfield Hawthorn shopping center, and a short drive from the award-winning Adlai E. Stevenson High School District 125 and several quality schools that are part of the Lincolnshire-Prairie View School District 103. For more information or to schedule a tour of the models, visit www.oaksofvernonhills.com.
About REVA Development Partners: REVA Development Partners is a privately held, Chicago-based real estate development company. The principals, Warren James and Matthew Nix, have extensive experience successfully developing high-quality rental and for-sale housing and mixed-use projects throughout the Midwest. REVA’s expertise includes land acquisition, design, planning, financing and construction for projects ranging from small infill sites to complex, master-planned developments. For more information, visit www.revadevelopment.com.