A One-Stop Shop
ONE COMPANY HANDLING ALL YOUR HOUSING NEEDS

Evergreen Development

 

From adaptive reuse of historic buildings, to market-rate multifamily complexes in high-demand areas, to value-added acquisitions of existing apartment buildings, to new assisted-living and memory care facilities serving the needs of today’s seniors, Evergreen Real Estate Group does residential development right.  Evergreen’s team of development, finance, legal, and property management experts understand the specific requirements of multifamily real estate development in a wide range of markets.  Our development approach brings careful analysis of the market together with creative approaches to project financing and deep experience with building design and construction, resulting in thoughtful, well-designed and well-managed buildings.

 

If you are a community seeking a responsible developer, or a broker offering a vacant site, adaptive reuse candidate, or existing apartment complex, please contact Steve Rappin, Evergreen’s president, to discuss how we can help.

Evergreen’s Development Division – Affordable Housing

Evergreen’s Development division is one of the most innovative, dedicated, and resourceful real estate developers in the Midwest.  The division develops, finances, constructs, and operates high-quality affordable and mixed-income multifamily housing developments in a range of communities, from the heart of Chicago, to smaller suburban communities, to major metropolitan areas beyond Chicago.

Experience, Commitment, and Creativity

Evergreen’s development principals share a combined knowledge of nearly 100 years of experience in the industry through various functions as owner, lawyer, consultant, property manager, educator, architect and urban planner.  As the developer, Evergreen takes the lead on the development of projects from site selection through planning and zoning approvals, building design, financing, leasing and property management.  Evergreen is a responsible, involved partner in creating new and revitalized affordable housing. We believe our role in the development process is to bring the local vision to life, and to help realize the development process with our expertise in the complex financing and rigorous development schedules required to build many types of affordable housing.

Our project portfolio includes new construction, adaptive reuse of historic structures, and mixed-use properties incorporating both residential and commercial or institutional components.  Evergreen regularly partners with local municipal officials and nonprofit organizations to identify the most suitable program for a given site, and to achieve the project’s vision through the creative use of complex public and private financing tools.

Contact David Block, Evergreen’s Director of Development, if you have a site you’d like to discuss with us.

 

 

Evergreen’s Acquisitions team is an active buyer of stable and value-add, market rate and affordable multifamily properties. With deep knowledge of tax credit financing, tax-exempt bonds, FHA insured and conventional loan products, and Section 8 contract options, we take a creative approach to project finance that builds on Evergreen’s reputation as a best in class property manager. This combination of excellent property management and creative finance enables us to offer competitive pricing to sellers while maintaining strong returns for our investors and ensuring that the properties we purchase are well-maintained, providing safe, high-quality homes for residents.

Contact Kevin Beard, Evergreen’s Director of Acquisitions, if you have a site you’d like to discuss with us.

 

Development Projects

Garden House of Maywood
Details

145 units of affordable senior housing in a small-lot, amenity rich neighborhood in a Chicago suburb. Evergreen arranged for the purchase of this property by Housing and Human Development Corporation - a non-profit organization specializing in affordable housing development and social services - and also served as turnkey developer for the substantial rehabilitation of the property on HHDC’s behalf.

Golda Meir House
Details

127 units of affordable senior housing in Milwaukee with beautiful views of Lake Michigan. More than five million dollars of rehabilitation work was completed. Evergreen also committed to extend affordability for more than 30 years, and obtained 4% low-income housing tax credits and a tax-exempt loan from the Wisconsin Housing and Economic Development Authority (WHEDA).

Greenview Gardens
Details

137 units of affordable family housing in Butler, Pennsylvania sitting atop a bluff overlooking the town. A significant seven million was spent on rehabilitation of this 50-year-old property. Evergreen also renewed the Section 8 contract for an additional 20 years while navigating the property's complex LIHPRHA Use Agreement.

Haven St. Charles
Details

71 units of market rate family housing in St. Charles, Illinois surrounded by tree lined streets and many nearby public amenities. The already newly renovated property with outstanding features will thoughtfully be managed by Evergreen.

Green Oaks – Affordable Assisted Living

Part of Evergreen Real Estate Group, Green Oaks Assisted Living communities offer an affordable assisted living option for all seniors.  Green Oaks provides a full array of amenities, including personal assistance, medication administration, and various conveniences such as three daily meals, housekeeping, laundry, and scheduled transportation.  Additional amenities include a gym, library, theatre, salon, and activity rooms. Green Oaks communities feature studio and one-bedroom apartments that include a kitchenette with microwave and refrigerator/freezer, private bathroom with grab bars and shower, individually controlled heating and air conditioning, emergency alert system, and window treatments.  The communities seamlessly integrate residential apartment-home living with the support seniors require, ensuring a comfortable and enriching environment.

To learn more about Affordable Assisted Living options, please contact Jared Isenthal, Evergreen’s Vice President of Development – Assisted Living Lead.

 

Development Projects

Green Oaks of Goshen
Details

Green Oaks of Goshen is an affordable assisted lifestyle community in Goshen, Indiana.  This four-story building features 120 studio and one-bedroom apartments, and the community offers a full spectrum of services that help seniors embrace their independence.  The property is now open and taking reservations.  

Green Oaks of Park Forest
Details

Green Oaks of Park Forest is an affordable assisted living and independent living community in Park Forest, Illinois. The community offers a full spectrum of services that help seniors embrace their independence. The property is now open and taking reservations.

Green Oaks of River Oaks
Details

Green Oaks of River Oaks is an affordable assisted living and independent living community in Calumet City, Illinois. The community offers a full spectrum of services that help seniors embrace their independence. The property is now open and taking reservations.

Green Oaks Valparaiso- Coming Soon!
Details

Located in Valparaiso, Indiana.

Property Management