Kinzie Builders, a division of Kinzie Real Estate Group, announced it has been retained as general contractor for Verandah, a $40 million master-planned community with assisted living and memory care components, in Hanover Park, Ill. The age-restricted community is the first project of its kind awarded to Kinzie Builders and will break ground this fall.

Located on Irving Park Road, just east of Barrington Road, Verandah will include for-sale, two-story townhomes and single-level villas and condominiums available to all buyers aged 55 and over. All three home options at Verandah offer independent living units, while the condominium building will also include assisted living studios.

Residents of Verandah will have access to a variety of on-site amenities, such as a community room, fitness center and theater, all of which will be housed in the condominium building. Buyers also will be able to enjoy lush landscaping and community-wide walking paths.

“Multifamily housing has been a large part of Kinzie Builders’ portfolio, and we are looking forward to being a part of this master-planned, age-restricted community,” said Steve Spinell, principal of Kinzie Real Estate Group. “With Verandah, we are very excited to be expanding our expertise to include communities designed specifically for older adults. The lifestyle this community offers is also something new for this area and we are thrilled to be a part of setting a new standard for age-restricted living in northern Illinois.”

Spinell noted Verandah will set itself apart from other new communities with its diverse residential options designed to attract active older adults, while also addressing the specific housing needs of residents requiring a higher level of care.

“The idea of a residential community where downsizers and retirees over 55 can live close to older relatives who need assisted living and memory care services is quite appealing to a number of buyers,” said Spinell. “The variety of housing styles, combined with the added peace of mind of having specialized care options, makes Verandah a great solution for families seeking to keep older generations of extended families together.”

Verandah is expected to be completed in 2018, with presales for the townhomes and condominiums beginning next year.

About Kinzie Real Estate Group:

Kinzie Real Estate Group is a fully integrated real estate service provider, general contractor and home builder with offices in both Vernon Hills and Chicago. It serves the needs of clients in the Midwest and various regions around the country, specializing in residential and commercial brokerage; asset management and disposition planning; receiver services; and general contracting and construction management. For more information, visit www.kinziegroup.com.

Kinzie Real Estate Group announced its Kinzie Builders division has been retained as general contractor for Verandah, a $40 million master-planned, age-restricted community with a condominium building, two-story townhomes and single-story villas in Hanover Park, Ill.

Shown, the single-story villas at Verandah, a $40 million master-planned, age-restricted community in Hanover Park, Ill.