CHICAGO—High Street Residential, a subsidiary of Trammel Crow Co., has just acquired a 0.87-acre site for the construction of Maple&Main, a six-story, class A mixed-use transit-oriented building located at the epicenter of downtown Downers Grove, IL. The project will include 115 apartment units, a host of amenities and about 4,000 square feet of ground floor retail/restaurant space. The company expects to begin construction in the first quarter of next year and ready it for occupancy by mid-2018.

Although many people associate TODs with the city, High Street has found a lot of success in nearby suburbs with historic downtowns, which also tend to have great transit options. In Downers Grove, High Street's new site is within walking distance to the Main Street train station and the historic Tivoli Theater, among other retail options and restaurant activity, along with many bus routes and bike lanes.

“Our residents like the compactness of the lifestyle,” Grady Hamilton, managing director with TCC's Midwest Business Unit, tells GlobeSt.com. Those that work in Chicago's CBD can quickly reach it each day, and also have shopping and entertainment options just at hand. Empty nesters on the other hand, many of whom have retired, can find an “amenity-rich, maintenance-free lifestyle.”