CHICAGO, IL – RMK Management Corp., one of the Chicago area’s largest market-rate apartment management firms, announced it has been tapped to oversee all aspects of leasing and property management for 1620 Central, a 47-unit new-construction luxury, boutique rental building located at 1620 Central St. in the heart of Evanston, Ill. The four-story building with below-grade parking, developed by TJM Development, Inc., is currently under construction with on-site preleasing to begin in fall 2016. Real Capital Solutions, Inc. and First National Bank provided financing for the project.
“The Central Street corridor is a neighborhood we know well, so this property is a great fit for RMK,” said Anthony Rossi, Sr., CEO of RMK Management. “We also know, through our successful experience leasing and managing the nearby Central Station community, which is 98-percent leased, there are very few new-construction luxury rental options in north Evanston, so we expect demand to be quite high.”
1620 Central will offer one-, two- and three-bedroom apartment homes, each with private outdoor space. Apartments will measure 601 to 1,297 square feet and include luxury finishes such as 9-foot ceilings, quartz countertops, key fob system, luxury plank flooring, modern cabinets and high-end plumbing fixtures. Parking will also be available in a 54-stall, climate-controlled underground garage.
Building amenities include elevators, secure bike storage room, an electronic package management system, Pressbox service for dry cleaning drop off and pick up, and secure entry and cameras. Residents at 1620 Central will also receive a complimentary, one-year pass for either Metra or CTA, as well as a one-year pass for Divvy bike share, which recently added a station two blocks from the building. These attractive transportation ‘extras’ could represent up to $1,755 in cost savings per year.
Designed to meet LEED® Silver status, sustainable elements integral to the design include an expansive green roof and energy-efficient designs which will translate to additional cost-savings for residents.
“This building embodies the best things about living in a near North Shore suburb like Evanston, a bustling community with a tight-knit, neighborhood feeling surrounded by terrific restaurants, great boutiques, art, theater, parks, the lake, plus easy access to transportation for commuting into Chicago for work or play,” noted Rossi. “And, I haven’t even gone into the countless amenities found less than 2 miles to the south of the building in Evanston’s top-ranked downtown.”
Residents will enjoy the vibrant neighborhood, recently named one of the top 10 “great neighborhoods” by the American Planning Association. The building offers proximity to the shopping and dining options steps away on Central Street as well as the Evanston Arts Center and Northwestern’s Ryan Field. There are also abundant transportation options, noted Rossi, including the Central Street Metra station, which is two blocks away, and the CTA’s purple line Central Street stop, four blocks away. 1620 Central is also near several parks and approximately 1 mile to Grosse Point Lighthouse beach.
Nearby schools include top-rated Kingsley Elementary School and Haven Middle School, both within walking distance. St. Athanasius, offering a private Catholic education for grades kindergarten through eighth, is less than a block south of the community. 1620 Central is served by award-winning Evanston Township High School.
For more information or to join the preview list, visit www.1620Central.com.
For more information on RMK Management Corp., the Institute for Real Estate Management’s 2015 Management Company of the Year, and its portfolio of properties, visit www.rmk.com.
About RMK Management: Chicago-based RMK Management Corp. manages over 6,700 apartment homes in the Chicago, Indiana Wisconsin and Minneapolis areas. The company’s portfolio spans a range of apartment types, from high-rise and mid-rise buildings to two- and three-story walk-up apartments, garden apartments and affordable housing. RMK also develops, builds and renovates communities. The Illinois communities are located in Waukegan, Barrington, Palatine, Libertyville, Schaumburg, Geneva, Aurora, Naperville, Downers Grove, Oakbrook Terrace, Evanston, Lombard, Wildwood, Chicago, St. Charles, Elgin and Springfield. Communities in Minnesota are located in Minneapolis and Edina, and the Indiana communities are located in Valparaiso and Chesterton.
About Real Capital Solutions: Real Capital Solutions, based in Louisville, Colorado, is a private equity real estate company with assets under management of over $1 billion. The company owns and operates multifamily, single family residential, condominiums, retail, industrial, commercial, and office assets. RCS focuses on value-add and development investments throughout the U.S. and abroad. For more information about Real Capital Solutions, visit www. www.realcapitalsolutions.com.