Banner Real Estate Group's Latest Undertaking in Multifamily Development
Banner Real Estate Group has officially commenced construction on a significant multifamily development at 220 W. Liberty Drive, right in the heart of downtown. This major venture introduces The Faywell, a 334-unit Class A multifamily community designed to enhance the urban landscape.
Creating a Vibrant Community Space
This ambitious project is the culmination of nearly five years of planning and development. The Faywell aims to provide exceptional residential living that prioritizes high-quality amenities and thoughtful design. Upon its completion, residents can look forward to enjoying a resort-style pool, a state-of-the-art fitness center, and a coworking lounge that embodies the spirit of modern living. In addition, the development promotes an active lifestyle with ample bike parking and direct access to the popular DuPage County Prairie Path.
Welcoming Local Favorites
Part of what makes The Faywell unique is its integration of local businesses into its structure. Banner Real Estate Group is proud to announce that the beloved Egg Harbor Café will return as the anchor tenant. This cherished local eatery not only enriches the community but also pays homage to its roots.
A Commitment to Growth
Bob Flannery, the CEO of Banner Real Estate Group, expressed enthusiasm for this project, stating, "We're excited to bring The Faywell to life as a best-in-class residential option in a location with vibrancy and charm." The development signifies a substantial investment in driving growth and enhancing life quality within the community.
Collaboration with Key Partners
This project highlights Banner's dedication to collaboration with various partners, including PNC Bank, JLL, W.A. Randolph, Inc. as the General Contractor, BKV Group for architecture, and CAGE Engineering, Inc. as key contributors to the development's success. Construction has already begun, with residents expected to start moving in around 2026.
About Banner Real Estate Group
Established in 1989 and located in Chicago, Banner Real Estate Group specializes in acquiring and developing multifamily and self-storage properties while also entering the industrial property market across the United States. The firm maintains a strong focus on capital preservation, value creation, and generating wealth for high-net-worth investors and families.
Media Contact Information
For media inquiries, please reach out to Maureen Richardson from River Communications. You can contact her via email at mrichardson@riverinc.com or by phone at (914) 686-5599.
Frequently Asked Questions
What is the name of the new development by Banner Real Estate Group?
The new development is called The Faywell, a multifamily community with 334 units.
What amenities will The Faywell offer?
Residents can look forward to a resort-style pool, fitness center, coworking lounge, and bike parking.
Who is the anchor tenant for the retail space?
Egg Harbor Café will return as the anchor tenant, serving as a beloved local eatery.
When are the expected move-in dates for residents?
The first residents are expected to move in around Fall 2026.
What is the background of Banner Real Estate Group?
Banner Real Estate Group was founded in 1989 and focuses on multifamily and self-storage property development across the U.S.
