(Read more on the multifamily market.)

HINSDALE, IL-Construction is starting on the 12-acre Hamptons of Hinsdale, a condominium and townhouse development being developed by GSH Development, based here. Klein Construction Services Inc., based in Burr Ridge, is the general contractor for the three-phase project, and recently started construction on the first phase of the development, which is at 5711 S. Grant St. The $65-million to $70-million project will have 93 condominium units and 26 townhouses.

The first phase will have two townhouse buildings and a condominium building. The development, when completed, will be a total of four 50,000-sf, condominium, four-story buildings and six townhouse, three-story structures ranging in size from 12,000 sf to 18,000 sf. The condominium units will range in size from 1,200 sf and 2,200 sf and the townhouse units will range in size from 2,200 sf and 2,800 sf with prices for the units ranging from $445,000 to $845,000.

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