WHEELING, Ill., Oct. 18, 2016 /PRNewswire/ -- The long awaited project at Dundee and Northgate Pkwy, The Wheeling Town Center, is scheduled to begin work this fall. The mixed-use development will feature a 300-unit luxury apartment building with a modern amenity package and lavish facilities. At the core of the Town Center will be a large pedestrian-friendly plaza, connecting tenants and visitors with the development's 100,000 SF of retail, restaurants, and entertainment venues.
The five-story luxury apartment building will offer a wide range of units, from studios to three bedrooms, all with balconies and high-end finishes and appliances. The building will wrap around a parking garage and a courtyard that will feature a pool, bocce court, firepit, BBQ grills, a covered gazebo bar, a putting green, pergola covered dining, lounge areas, fitness and yoga rooms and other amenities. Residents of the Town Center will also have a short walk to the neighboring Wheeling Metra Station, offering them direct, one-seat commuter transit service to/from downtown Chicago.
The development team is led by President Joshua Goldstein and Vice-President Bradley Friedman of the Lynmark Group, a third generation family-owned real estate development company headquartered in Suffern, New York. The Lynmark Group has been on the forefront of real estate development for over 56 years, having developed over a billion dollars worth of income producing assets in multi-family housing, retail centers, office buildings, and hospitality. There are several national real estate entities under the Lynmark umbrella with expertise in property management, construction services, acquisitions, asset management, marketing and leasing.
"This $110 million investment we are making in to the Town Center will only compliment the significant investments the Village of Wheeling has made to modernize and expand neighboring park, sports and municipal facilities." said Mr. Goldstein. "When completed in the Fall of 2018, the Town Center will not only provide an opportunity for individuals and families to live, work, and play, but will transform the area into an exciting destination for the residents of the Village and neighboring communities."
The Town Center's retail, restaurant and entertainment venues will be anchored by a new high-end dine-in movie CMX theater. CMX is an American subsidiary of Cinemex, the sixth-largest movie theater chain in the world with over 300 theaters and 13,000 employees. CMX will open a 10-screen, 40,000 SF luxury cinema that offers patrons a relaxing and refreshing experience in a trendy ambience.
"CMX is proud to be part of The Wheeling Town Center. We are certain that our guests will enjoy our luxury features, such as oversized reclining seats, high-end finishes and décor, and our well-appointed lounge & bar area. The theatre will feature a carefully curated menu, created by our partner from Chicago, Lettuce Entertain You, to create CMX's unique cinema-going experience," said Jaime Rionda, CEO of CMX.
Callison/RTKL is the lead designer behind the project and William A. Randolph will serve as the General Contractor. Newmark, Grubb, Knight, Frank will serve as the development's exclusive commercial leasing agent.
WTC LLC Local Office
740 Waukegan Rd, Suite 310
Deerfield, IL 60015
WTC LLC Corporate Office
Four Executive Blvd, Suite 200
Suffern, NY 10901
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SOURCE Lynmark Group