Wessel Court Apts. Sells for $20.8 Million

Shodeen Group, an Illinois-based development company, sold the 228-unit Wessel Court Apts. in St. Charles, IL to Chicago-based multifamily owner and operator Axiom Properties, Inc. for $20.8 million, or approximately $91,000 per unit. Wessel Court was built in 1972 at 1820 Wessel Court in the Fox River Valley multifamily submarket. It totals 191,900 square feet … Continued

Fifield Cos. Breaks Ground on 310-Unit NEXT Apts.

Fifield Cos. began construction last week on a new 28-story apartment tower in Chicago‚Äôs River North district. Named NEXT, the 310-unit multifamily project will consist of studio to three-bedroom apartments ranging from 462 to 1,727 square feet, with studio and one-bedrooms making up 85% of the unit mix. Fifield is developing the project at 347 … Continued