Chicago-based Morningside Equities Group was the recipient of a Project Vision Award from the Chicago Urban Land Institute (ULI) at its fourth annual Vision Awards on Tuesday, June 3rd. The firm earned the award for its development of Wheaton 121, a 306-unit luxury rental community located in downtown Wheaton, Ill. The new-construction development was completed in 2014.
One of the Chicago real estate industry’s most respected awards, the Vision Awards recognize work that uses creative development practices, inventive partnerships, imaginative problem solving, and visionary ideas contributing to the growth of vibrant communities.
Wheaton 121 was an example of creative practices and partnerships, which resulted in the first large-scale multifamily community in downtown Wheaton in many years. Morningside Group worked closely with Wheaton city officials and the community to develop an upscale property that not only filled the need for rental housing in the area, but also benefitted local businesses by bringing a new customer base within walking distance of the many shops and restaurants in the area. Wheaton 121, which was built on a vacant city block, features distinct architecture to complement the existing historic downtown buildings and also incorporated two large pieces of public art.
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