New Multifamily Blooms in Park Ridge

Vine Place Apartments is a new construction building located at 400 Talcott Road in the upscale Chicago suburb of Park Ridge. Interra brokers Craig Martin and Brian Di Basilio were able to secure a qualified 1031 buyer immediately after construction finished and prior to the initial lease-up. The ownership was able to sufficiently lease up the property at incredibly strong rents - especially during the COVID-19 pandemic - allowing for a smooth transaction and easy ownership transition.