News - One Arlington

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The changing landscape of the suburban apartment market

It’s not pent-up demand, but new demand that’s driving the boom

Daily Herald Business Ledger | John T. Slania | April 3, 2016   Luxury apartments were relatively new phenomena in the suburbs in 1969, the year International Village opened separate complexes in Lombard and Schaumburg.   The target tenants were “swinging singles,” young, fun-loving professionals who could rent a one-bedroom apartment for $195 a month.   A newspaper advertisement spelled out the International Village amenities: “dramatic sunken living room, formal dining room, carpeting (even in the kitchen), avocado kitchen appliances … sauna spa and full-equipped

The Placemakers

Some of the most impactful projects to hit the market in the past two years, and the development teams behind them

Real Estate Forum | April 2016 The act of real estate development is seldom as simple as putting up four walls and a roof. Building properties—particularly large, commercial assets—involves as much art and finesse as it does science and skill, especially when taking into account all the moving parts and interested parties. A development project can stand out for several reasons, not simply sheer size and cost. Some projects garner attention for their design and architectural elements. Others can revitalize forgotten neighborhoods or provide a much-needed service. Still

Redeveloping a Village Square

DDC Journal | November 19, 2015   In 2012, the Village of Arlington Heights Board of Trustees approved the Arlington Downs mixed-use development, a $250 million project that includes a 161-room hotel, 214 luxury rental apartments, an expanded water park and two new residential rental towers with a total of 443 luxury apartments.   In addition, the development includes retail and entertainment space. Public officials hope the expansion will provide a boost to surrounding businesses and attendance at local events, as well as better serve the village’s