Trilogy Real Estate Group Acquires Park 205 Luxury Apartment Community in Popular Chicago Suburb of Park Ridge, Illinois multifamilybiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from multifamilybiz.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ Trilogy Real Estate Group, a Chicago-based real estate investment, property management and development firm, earned national recognition today.
ANN ARBOR, MI - Trilogy Real Estate Group, a Chicago-based real estate investment, property management, and development firm, announced the acquisition of two Ann Arbor apartment communities in a portfolio transaction totaling 840 units. These acquisitions bolster our strategy of acquiring high quality communities in markets with healthy fundamentals, said Trilogy Chief Investment Officer Jesse Karasik. Ann Arbor is a true knowledge center with one of the most highly educated populations in the country. In addition to being a top ten fastest growing tech submarket, Ann Arbor consistently ranks as a Best Place to Live among Gen Z, Millennials and retirees alike.
(Courtesy Google)
A new proposal to up the total surface parking lot from eight to 12 parking spaces puts pedestrians at risk. The sidewalk would abruptly end into the parking lots’ 18-foot-wide curb cuts around a blind corner, forcing pedestrians into a conflict zone. A minimal pedestrian refuge on each side of Third, already cluttered with trash cans and light poles, is narrowed to make way for new wraparound driveways. The landscaped courtyards are also shrunk to make way for more asphalt.
Rendering of proposed parking lot. (Trilogy Real Estate / Via Metro Louisville)
According to Louisville’s land development code, curb cuts are not permitted in this application. “Curb cuts shall only be permitted for parking garages, off-street parking lots accommodating 10 or more vehicles, and loading areas where alley access is not available,” the code’s Chapter 5, Part 9, D2 reads.