WEST DUNDEE, IL – Gardner Capital, a family-owned private equity firm specializing in multifamily housing and renewable energy development and investment, recently completed a brand-new senior living complex in suburban Chicago – located in West Dundee, Illinois. Offering affordable housing and a wealth of amenities, the 61 units at Spring Hill Senior Residences are designed for residents age 55 and up.
The Housing Authority of Elgin served as Gardner Capital’s development partner along with financial partners Fifth Third Bank and Raymond James; the Illinois Housing Development Authority is the permanent lender.
“We’re excited to complete Spring Hill Senior Residences, our first of multiple Projects that will be focused on various suburban markets of the Chicagoland area,” said Michael Gardner, President and CEO of Gardner Capital. “Affordable housing is sought after more than ever and we are proud of our commitment to developing more options for seniors seeking an affordable and well-designed place to live.”
Located at 969 W. Main St. across the street from the Spring Hill Mall, the one- and two-bedroom apartments are close to Route 72 and public transportation. Spring Hill Senior Residences, managed by Seldin, also feature a fitness center, community room, reading area, and full-size washer and dryer in each unit. Powers and Son Construction served as general contractor for the project.