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Related Realty Reaches 60 Percent Sold at Sibley Residences in Park Ridge, Ill.

August 4, 2017

Related Realty, the luxury brokerage division of Related Midwest, today announced that just four homes remain at Sibley Residences, an enclave of 10 newly constructed single-family homes in northwest suburban Park Ridge. The remaining four homes include a finished model; a completed spec home; and two homes currently under construction that can be customized with finish choices, upgrades and built-out basements. Co-developed by Park Ridge-based Rize Properties and Chicago-based L2 Properties, the community is being brokered exclusively by Related Realty.

“The final homebuyers at Sibley Residences have four great homes to choose from, and the opportunity to be a part of a one-of-a-kind Park Ridge community,” said Ryan Lambesis, founder of L2 Properties and a broker with Related Realty. “Buyers can choose from either the beautifully finished designer model or speculative home for immediate delivery, or they can select one of the two remaining homes that can be customized and delivered before year’s end.”

Inspired by the look of traditional homes in classic American towns, Sibley Residences combines period-style facades, trim and millwork with modern, flexible floor plans and generously sized windows. The remaining homes at Sibley Residences include plans in the Oxford style and the Windsor style, which range in size from 2,550 to 3,450 square feet and are priced from $798,900 to $875,000.

Featured in the model home, the Oxford plan offers a classic foyer entry, formal living and dining rooms, and a gathering room off the kitchen, with direct access to a deck and an optional custom patio. The upstairs includes a loft space while the lower level can be customized with a bedroom, full bathroom and flexible open area. Massive windows pour natural light throughout the home, even in the lower-level basement, which rises 3-4 feet above grade with generous 9-foot ceilings.

An alternative floor plan option is the Windsor, which features a parlor near the entry, in addition to a formal living room and dining room that can be separated or kept open. The first floor also features a breakfast nook between the kitchen and gathering room, which connects to the adjacent deck. The lower level can be customized to include a bedroom, full bathroom, recreation room and flex space.

All homes at Sibley Residences feature four to five bedrooms, 2½ to 3½ baths, 9-foot ceilings on first floor, second-floor laundry rooms, chef’s kitchens with Sub-Zero and Wolf appliances, direct-vent gas fireplaces with custom-stone surrounds, high-efficiency gas furnaces, and Nest thermostats, as well as highly desired finishes that are often available only as upgrades. All master suites showcase vaulted tray ceilings and large walk-in closets, with en-suite bathrooms featuring vessel tubs, Moen Eva fixtures, furniture-quality vanities and oversized custom-tile showers. Exterior finishes include James Hardie siding with custom LP Smartside trim and stone accents, as well as elevated front porches, attached garages and landscaped yards.

Located two blocks from Carpenter Elementary School in Park Ridge School District 64, 1 mile from Maine South High School, and walking distance of the forest preserve, Sibley Residences is also just 1 mile from the retail, restaurant and entertainment offerings of Uptown Park Ridge, and close to Park Ridge Country Club.

Owners at Sibley Residences also enjoy easy access to downtown Chicago via local Metra stations offering express service to the Loop or via the Kennedy Expressway.

“Rize and L2 designed these homes with unique details that thoughtfully combine the best elements of traditional design with open floor plans, natural light and modern finishes,” said Lambesis. “A lot of our buyers are families with young children – either Park Ridge locals who wanted new construction or city transplants buying their first single-family home. They’re choosing a suburban neighborhood with a walkable downtown, top-ranked public schools, a fantastic park district and close proximity to all Chicago has to offer.”

The sales center for Sibley Residences is located in Park Ridge at 784 W. Busse Highway, with the model home at 2000 W. Sibley St. Sales hours are by appointment, and open houses will be scheduled on various weekends throughout the summer. For more information on Sibley Residences, call (312) 203-9024 or visit www.sibleyresidences.com.

About Rize Properties LLC:

Rize Properties LLC is a real estate development and construction group focused on top-quality residences with floor plans that maximize living space while maintaining a high degree of character. Rize develops single-family and multifamily residences in Chicago and its finest suburban locations. Based in Park Ridge, Ill., Rize aims to maintain or improve the character of existing neighborhoods while providing new and renovated housing options that meet the demands of today’s buyers. For more information, visit www.rizeproperties.com.

About L2 Properties:

L2 Properties LLC is a real estate development and acquisition firm based in Chicago that’s driven by an unrivaled commitment to innovation, quality, and service. L2 brings a global perspective to local real estate investments by partnering with established general contractors, developers, and successful sales teams that have presence in each respective development project market. L2’s focus is on high end single family and multi-family residential real estate in the city of Chicago and surrounding suburbs.

About Related Realty:

Related Realty, the residential brokerage division of Related Midwest, is an affiliate of The Related Companies, the most prominent privately owned real estate firm in the United States. A full-service brokerage that is home to Chicago’s top-producing agents, Related Realty strives to uphold Related’s reputation for excellence, building on the company’s 40-year history as a global lifestyle firm defined by innovation in all aspects of design, development, service and wellness. The expertise of Related Realty’s agents, along with the firm’s industry-leading standards and deep knowledge of the Chicago market, allow Related Realty to deliver unparalleled service throughout all stages of the transaction, ensuring the highest level of client satisfaction. For more information, visit www.relatedrealty.com.

Kitchens at Sibley Residences feature chef’s kitchens with Sub-Zero and Wolf appliances.

Kitchens at Sibley Residences feature chef’s kitchens with Sub-Zero and Wolf appliances.