It will be about a year and a half before all 17 buildings at the apartment complex are completed, but tenants can begin moving into the 340-unit development sooner than that.
Kimberly Grimm, vice president of development for developer Continental Properties, said the first building is scheduled to be completed in early 2013. The property is located at 23756 127th St., east of Route 59.
“We’ll be turning over the buildings as they’re done,” Grimm said.
In the meantime, the existing building on the property, last occupied by , has a date with the wrecking ball.
Jeremy Droeszler, project manager with contractor Horizon, said demolition could happen as soon as next week.
Mayor Mike Collins, village trustee Margie Bonuchi and several village staffers attended Continental’s Tuesday morning groundbreaking ceremony on the project, set to begin construction later this week.
Grimm said the apartments, which could bring an estimated 565 new residents to Plainfield, will rent for $900 to $1,850 per month. The complex will be a mix of studio and one-, two- and three-bedroom apartments.
Based in Menomonee Falls, Wisconsin, Continental Properties owns and manages multi-family developments in Iowa, Nebraska and several southeastern states. According to Grimm, Springs at 127th is the company’s first venture in Chicagoland.
“This is an area that has a lot of population growth, it has a lot of employer diversity,” she said. “We’re honored to be one of the first multi-family projects in Plainfield,” she said.
Not everyone is excited about the large multi-family development.
, an attorney for Craig and Judy Haick, whose home is north of the development, urged village trustees to vote against annexing the property into Plainfield.
Collins said with the economy beginning to turn around, there’s a need for rental property in the Plainfield area.
“I think this is exactly the right time for this kind of project,” the mayor said.