Sales are underway for River Forest’s newest residential development, the latest step in a years-long process to transform an old industrial site on the village’s southern border.
The 29-unit project on the old Hines Lumber Company site, 7820 Madison St., already has four buyers, April Moon, of @properties, said. There is still some landscaping and interior work to be done, with residents set to move in in August and September, according to Alex Zdanov, president of Interforum Holdings, the parent company of Chicago Condo Collection, the Promenade’s developer.
“We’re very excited; it’s a nice project,” said Zdanov. “Our architect worked with the village and the community to create something that would somewhat replicate the exterior of Frank Lloyd Wright’s works. It’s a nice fit.”
Moon said the buyers so far have been a mix of “empty nesters” and young families. The four units each sold for between $529,000 and $559,000, right on target with projections submitted to the village during the approval process.
Before this development began, the site had been vacant for about seven years.