(Read more on the multifamily market.)
WARSAW-With units slated to be delivered for occupancy in May, Quinlan Private Golub is opening a pair of sales offices here for its Oakland Park residential development now under way in suburban Chylice. The initial phase of the project will feature 36 homes that are being constructed on an 80-acre parcel.
"Oakland Park has recently joined our expanding portfolio of residential developments in the Central and Eastern European region," relays Stephen Haigh, Quinlan Private Golub's managing director for the expanding area. The company has previously undertaken similar ventures in the Czech Republic and Hungary, and Haigh says the need for modern housing is expected to spark additional activity in those emerging markets going forward.
Oakland Park's Warsaw sales office at 68 Piekna St. opened last Friday, and the on-site office was launched on Monday. The city sales operation will welcome prospects every day except Sunday, reports Haigh, whereas visitors can tour the on-site facility seven days a week. Quinlan Private Golub is using a new three-dimensional program to allow for a futuristic view of how the complex will look upon completion, a concept Haigh says he believes will help buyers see beyond the messy construction phase, which began in August.
Quinlan Private Golub is embracing new millennium environmental concepts in creating Oakland Park, which is located about 25 miles southwest of Downtown Warsaw. Green spaces, small lakes and streams are being incorporated throughout the property, and sustainable design and materials will be employed in the construction of the homes. Oakland Park will also emphasize spaciousness in the dwellings, which will feature 3,000 sf to 4,000 sf and will be built on parcels as large as 37,000 sf. Buyers can select one- and two-story homes in seven separate designs ranging from three to five bedrooms and sporting features such as terraces and two-car garages. "In addition, the houses are equipped with large picture windows offering beautiful views of the surrounding woodland," says Haigh.
Quinlan Private Golub will mark 10 years of operations in Central and Eastern Europe in 2008, having pursued a variety of commercial and residential developments in that time. The firm is a partnership between Irish-based Quinlan Private and Golub & Co., a Chicago group active in cross-border development and investment. Among Golub & Co.'s best-known Polish ventures is the Warsaw Financial Center.
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