Flaherty & Collins Breaks Ground for Ninety7Fifty on the Park

Flaherty & Collins Breaks Ground for Ninety7Fifty on the Park
Posted on 03/23/2012

NEWS RELEASE FROM FLAHERTY & COLLINS PROPERTIES

The first phase of the Main Street portion of Downtown Orland Park is underway. Representatives from Flaherty & Collins Properties and officials from the Village of Orland Park broke ground March 21 for the residential development, Ninety7Fifty on the Park.

Downtown Orland Park includes the Orland Crossing Shopping Center, the civic corridor, the Old Orland Historic District and the Main Street area, where Flaherty & Collins is building.

Based in Indianapolis, Flaherty & Collins is a recognized leader in the development, construction and management of multifamily housing, being one of the largest, most active and experienced multifamily property developers in the Midwest.

"Ninety7Fifty on the Park will set a new standard for transit oriented development in suburban Chicago," said David Flaherty, CEO of Flaherty & Collins Properties. "The development is situated at the hub of the new downtown and integrated with an existing park, bike trails, forest preserves and retail --- making it a true live, work and play environment," Flaherty said.

The first phase of re-development will include nearly 300 luxury residences, over 8,600 square feet of interior amenity space, 4,000 square feet of commercial space and structured parking on approximately four acres in the downtown's Main Street area.

"Orland Park's original downtown is just across the street, where residents in the 1800s walked to the general store and greeted friends and neighbors along the way," said Mayor Daniel McLaughlin. "This is the same concept --- a pedestrian friendly mix of residential and retail uses where people can walk, shop, be entertained and have fun," the mayor added.

The residential development plans call for nearly 8,000 square feet of first floor "store front" resident amenity space with a mezzanine level.

"This project will bring several hundred construction jobs to Orland Park, along with the permanent positions that will be created once it opens," McLaughlin said.

"We are very excited with this new development coming to the village. It's the perfect setting with easy train access to the city, with all of the suburban amenities nearby --- the park, the forest preserves, shopping and entertainment," said Village Trustee Kathy Fenton who chairs the Development Services Committee.

"This will be a great addition to the village's entryways, both from Southwest Highway and LaGrange Road --- a beautiful, walkable downtown of which everyone will be proud," Fenton said.

"Ninety7Fifty on the Park will offer residents an incomparable amenity package that resembles resort-style living. Amenities will include a two-story fitness club with yoga/pilates studio, gaming lounge, conference room, business center, private theatre, billiards, full kitchen with bar, heated resort-style pool with cabanas, grilling stations, outdoor lounge with fire pit, a landscaped courtyard with fountains, dog park, and a pet wash," described Flaherty & Collins Vice-President of Development Chris Kirles.

Kirles continued, "The first floor retail space is strategically positioned around the park and adjacent to the residential amenities. Parking will be provided in a secured garage along with bike storage and electric car charging stations. Apartment finishes will be condominium quality, including granite counters, stainless steel appliances, wood flooring, and upgraded cabinets and fixtures.

"Ninety7Fifty will be centered around the 143rd Street train station, setting a new standard for transit-oriented development in suburban Chicago," Kirles said. "Four thousand square feet of retail space will provide support to the residents and will act as a catalyst for future phases," he added.

Covered and secured garage parking will be available for residents with on-street parallel parking available around the perimeter of the property. The four story parking garage will be completely screened from the street and allow residents to park on the level on which they live. Green construction will be used throughout the development to reduce expenses.

Kirles added, "Orland Park is an exceptional community led by proactive leaders with an extraordinary vision. It has been a pleasure working with the Village of Orland Park to help bring this project to reality."

McLaughlin added, "This new development in Downtown Orland Park not only offers prospective residents a true lifestyle center in which to live, shop and be entertained, it also maintains our village's reputation as one of the most desirable communities in the nation --- enhancing property values, strengthening our local business community and guaranteeing that Orland Park remains among the best communities in the Chicago metropolitan region."

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