PRESS ROOMNEWS RELEASE
Diversity Powers Inland’s Progress: Inland National Development Team to Deliver 100 Unit Motif on Belden Apartments in Logan Square in Q1 2020November 12, 2019
Oak Brook, Ill – Inland National Development Company, LLC (INDC) is developing a 100-unit, transit-oriented multifamily community in Chicago’s Logan Square neighborhood, located approximately 6.5 miles from downtown, at 2845 West Belden. The project is on target to be completed by the first quarter of 2020.
Motif on Belden broke ground in the summer of 2018, and, when completed, will be a six-story building with 29 parking spots and 100 bike storage spots with close proximity to the Blue Line “L” station. The community will offer 65 studio apartments, and 35 one-bedroom apartments. Amenities will also include a green rooftop terrace, balconies, a fitness room, a dog-wash station, a bike repair station and a lobby area complete with an up-to-the-minute transit television and lounge area.
“Our Belden project is particularly special to me because of the highly talented team of women, including Inland’s very own Gail Gress and Kathleen McGuire, who worked together to bring this project to fruition,” said Pamela Stewart, vice president of asset management for INDC. “This team was top notch - from our architects to project management, financing and beyond. Throughout the development process we put ourselves in the shoes of our future tenants and continually asked ourselves, ‘What would we want if we lived here’?”
Leasing will begin in January 2020. Rents will vary based on units, which range from 482 square-foot studios to 779 square-foot one-bedroom apartments. Fifteen are affordable units. Twenty-nine parking spaces will also be available for rent, in addition to 100 bicycle stalls.
“We look forward to completing this project in the first quarter of 2020 and welcoming home the future residents of 2845 West Belden,” added Pam.
To date, INDC has developed more than 6,100 apartments, 6,000 residential lots, and developed nearly 10,000 acres of land, as well as 4 million square feet of retail, commercial and industrial property nationwide. For more information on Motif on Belden, please visit: www.MotifonBelden.com.
About Inland National Development Company, LLC
Inland National Development Company, LLC (INDC) is a developer of residential, multifamily, hospitality, retail and senior housing properties. INDC is part of The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and finance groups, which is comprised of independent legal entities, some of which may be affiliates, share some common ownership or have been sponsored and managed by such entities or subsidiaries thereof (collectively “Inland”). Inland has been creating, developing and supporting real estate-related companies for more than 50 years. For more information, visit www.inlandgroup.com/indc.