Kinzie Real Estate Group has announced its building division has been tapped by Interstate Partners, LLC to serve as the general contractor for Watermark at the Grove, a new luxury rental community in Elgin, IL. The project is expected to break ground in April.
“Our proven reputation as a preferred provider for pre-development, due diligence, project management, product development and build-out, positions Kinzie Builders as the go-to specialist in the construction of luxury rental communities,” Steve Spinell, principal of Chicago-based Kinzie Real Estate Group, said in a statement.
The development on an 11-acre site at the northwest corner of Northwest Pkwy. and N. Randall Rd., will include 258 luxury apartments configured among five three-story buildings.
The first construction phase will include a resort-style clubhouse with event space, fitness facility, theater room and outdoor pool as well as the first five residential buildings.
“Kinzie Real Estate Group has experienced exponential growth over the past five years and we’re always honored to work with high-profile development firms like Interstate Partners. It will be great to have a role in bringing a new residential option to this commercially dense corridor,” Spinell said.