The Opus Group (Opus) today announced the start of construction on a 113-unit luxury multifamily mixed-use development in Des Plaines adjacent to the O’Hare office and industrial submarkets. Located at 1555 Ellinwood, the transit-oriented development will feature 1,400 square feet of ground floor retail space and will embrace the live-work-play mantra through conveniently accessible local amenities. The development is a joint venture with Berkshire Group.
“We are excited to provide luxury residential living to a strategic transit oriented location that provides access to numerous walkable amenities,” said Bryan Farquhar, director, real estate development, Opus Development Company, L.L.C. “We look forward to continuing to work the city of Des Plaines to provide a state-of-the-art rental living option that will benefit the entire community.”
Communal spaces in the building will offer residents the opportunity to truly live in a community environment. Amenity spaces in the pet-friendly development will include a fitness center, yoga studio, club room with demonstration kitchen, dog spa, resident and bike storage, outdoor amenity deck, work from home suite and conference room. Residents will also enjoy top of the line finishes, such as stainless steel appliances and quartz countertops among a selection of units including alcove to two-bedrooms with dens. Covered and non-covered parking will also be available to residents.
Opus Development Company, L.L.C. is the developer and Opus Design Build, L.L.C. is the design-builder for the project. Opus AE Group, L.L.C. is the structural engineer of record and ESG Architects is the architect of record.
About The Opus Group
The Opus Group® is a family of commercial real estate development, construction and design companies headquartered in Minneapolis with offices and projects across the country. Opus operates as an integrated, multidisciplinary team with expertise in development, capital markets and finance; project management and construction; architecture, engineering and interior design. The Opus Group includes Opus Holding, L.L.C. and its operating subsidiaries: Opus Development Company, L.L.C., Opus Design Build, L.L.C. and Opus AE Group, L.L.C. Specializing in industrial, office, residential, retail, healthcare and institutional projects, The Opus Group has broad capabilities, deep experience and a proven design-build model that delivers speed, cost savings and best overall value for clients.
About Berkshire Group
Berkshire Group is a real estate investment management company primarily known for its multifamily investment and operational experience. In addition to deploying capital through equity, debt and development in the multifamily arena, Berkshire invests in opportunistic ventures in other real estate sectors through its Venture Investments group. Over more than four decades, Berkshire’s team of industry leaders has gained a reputation for being able to identify opportunities and effectively manage through various economic environments, establishing a long-term track record of solid performance based on thoughtful, leading edge strategies, and operational experience. The Company has experience in disciplines including acquisitions, portfolio and property management, debt, development and redevelopment. Berkshire, a registered investment advisor, is headquartered in Boston and has offices in Atlanta, New York, Baltimore, Dallas, Houston and San Francisco. As of December 31, 2017, Berkshire Group had approximately $7.3 billion in real estate assets under management.