• Skip to primary navigation
  • Skip to main content
  • Skip to footer
Kretchmer Associates

Kretchmer Associates

  • About Us
    • Our Process
    • Our Team
  • Services
    • Affordable Housing
    • Market-Rate Residential
    • Senior Housing
    • Commercial & Retail
    • Industrial
  • Case Studies
  • Contact Us

Ninety7Fifty On The Park – Orland Park, IL

Flaherty and Collins secures approval and financing for 295 luxury apartments in Orland Park

  • Feasibility study for 295 luxury apartments on a 4-acre site
  • Buildings leased quickly at rents well above existing village properties

Orland Park Ninety7fifty

Requirement

Developer Flaherty and Collins approached us to prepare a feasibility study for 295 luxury apartments on a 4-acre site in southwest suburban Orland Park, adjacent to a commuter rail station.

Approach

We analyzed the depth of the market and made recommendations on rents, unit sizes, amenities, and absorption of the apartments.

In addition, we compared the proposed development to luxury rentals in other upscale suburban, rail-served locations. With this approach, we were able to demonstrate that higher rents than those found in the immediate market area were justified.

Results

With the support of our market study, the developer obtained village approval and funding.

The Ninety7Fifty buildings opened in 2013 and leased up quickly at rents well above those at existing properties in the village.

Related Projects: Chicago Metro, Developer, Market Rate Residential

Footer

Kretchmer Associates
807 Davis Street #2004
Evanston, Illinois 60201-7103
(847) 864-8895
vsk@kretchmerassociates.com

About Us

Founded in 1985, Kretchmer Associates is a certified WBE with expertise in all aspects of residential, retail, commercial, and industrial real estate analysis in the Chicago metro area and throughout the rest of Illinois, Indiana, Wisconsin, Iowa, Missouri, Kansas, Nebraska, and Minnesota.
Copyright © 2023 Valerie S. Kretchmer Associates, Inc. • Website by Stompgear Digital Marketing