Prairie Square Loft Town Homes
Redevelopment of a historical 1920’s era mixed use building at 1601 South Oak Park Avenue in Berwyn, Illinois into Prairie Square loft town homes.
Concordia Realty was a principal in 1601 South Oak Park Avenue Associates, LLC, an entity that successfully restored and adapted a blighted mixed-use building for reuse as 22 loft style town homes. Painstaking care was taken to retain as much character and aesthetics while completely redoing the interior of the units and common area court yard.
The project continues to remain a successful mix of the historic exterior and the new interiors, mechanical systems and courtyard design. In addition, the project returned to investors an 89 percent cash on cash return in under two years.