CHICAGO—Co-developers Fifield Cos. and Carroll Properties opened E2, a luxury apartment project located at Emerson St. and Maple Ave. in suburban Evanston, just six months ago, but already have the 356-unit development 80% leased. It's another sign that the type of amenity-rich rental property increasingly popular in downtown Chicago also works in the suburbs.
The high demand was not a surprise, Randy Fifield, vice chair of Fifield Cos., tells GlobeSt.com, but "it's been beyond our expectations. We've also had good luck on our side; there hasn't been another brand-new building delivered to this area in quite a while."
“There is no doubt that E2 has filled a void in the Evanston market,” she adds. “The building's high-end finishes and long list of luxury amenities has elevated luxury rental living on the North Shore to levels that didn't exist before."
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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.
