CHICAGO—Multifamily developments may be hot right now, but single-family home builders in the metro area are also having success.Chicago-based Lexington Homes, for example, has just opened an on-site sales center at Lexington Oaks, its newest townhome development in suburban Palatine. The company has also started construction of the community's 15 townhomes and expects to begin delivering in the spring.
Lexington Oaks sits on Northwest Hwy., a quarter-mile west of Smith Rd. and a half-mile east of Quentin Rd., near downtown Palatine and less than a mile from the town's CBD and Metra station.
“Lexington Oaks is in a coveted infill location,” says Jeff Benach, co-principal of Lexington. “Not only does Lexington Oaks back up to the Palatine Hills Golf Course, but it is also close to downtown Palatine, providing a convenient mix of residential, commercial and open space.
“Now that we have our on-site sales center open, buyers can see just how centrally located Lexington Oaks is to just about any kind of shopping, dining or recreational experience,” he adds. “Combine that with Palatine's hometown charm and you have a perfect location for young couples looking to move from the city or empty-nesters looking to downsize.”
The new development will have two-story townhomes in two floor plan designs with three bedrooms, 2½ baths, basements, backyard decks and two-car garages. The homes measure about 1,834-square-feet and the company has set a base price of $336,990. “Both floor plans are designed to use space more efficiently and provide open, flexible areas so buyers can adapt their homes to meet their specific needs,” adds Benach.
He also says that Lexington likes to include high-end finishes in its homes. At Lexington Oaks, for example, both floor plans include hardwood flooring throughout the entire main floor.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
