Banner Real Estate Group Launches The Faywell Development
Banner Real Estate Group is thrilled to announce the commencement of its impressive development project located at 220 W. Liberty Drive. This project is set to transform the urban landscape with The Faywell, a 334-unit Class A multifamily community that signifies a substantial step forward for the region.
The Faywell is strategically positioned adjacent to the Metra Union Pacific West station, offering residents access to the vibrant energy of the surrounding area and the convenience of metropolitan transport. This initiative reflects nearly five years of meticulous planning and development, aimed at creating high-quality residential living that harmonizes with its community. Upon completion, residents can anticipate a range of amenities, including a resort-style pool, an advanced fitness center, and co-working spaces, all designed to foster a balanced and enjoyable lifestyle.
Innovative Features of The Faywell
Thoughtful design is at the core of The Faywell's development. Planned amenities have been carefully curated to promote both relaxation and productivity for residents. The state-of-the-art fitness center will cater to health enthusiasts while a co-working lounge provides a professional environment for those working from home.
Additionally, ample bike parking and direct access to the DuPage County Prairie Path will encourage outdoor activity and exploration of the natural surroundings. The Faywell is not just a home; it’s an integrated lifestyle choice for those seeking an enriching place to live.
Community Engagement and Local Partnerships
In an exciting addition to the project, Banner Real Estate Group is welcoming back Egg Harbor Café as the anchor retail tenant. This popular local eatery is set to return to its original roots within The Faywell, enhancing the community's dining options and catering to local residents.
Bob Flannery, CEO of Banner Real Estate Group, expressed enthusiasm about the project: "We're excited to bring The Faywell to life as a best-in-class residential option in such a vibrant location. This development not only represents a sizable investment in the area’s growth but also demonstrates our ongoing commitment to enhancing the quality of life for the community. We appreciate the collaboration and support from local officials throughout this journey."
This collaborative effort highlights the strength of community partnerships, showcasing the importance of public and private cooperation in fostering local development.
Investment and Construction Timeline
The construction of The Faywell is currently in progress, with plans for the first move-ins expected by Fall 2026. Key partners involved in this ambitious project include prominent institutional investor PNC Bank, along with JLL, W.A. Randolph, Inc. as the General Contractor, BKV Group as the architectural firm, and CAGE Engineering, Inc. contributing their engineering expertise.
As the project unfolds, community members can look forward to witnessing the transformation of this vital urban space into a thriving hub of activity and modern living.
About Banner Real Estate Group
Founded in 1989 and operating out of Chicago, Banner Real Estate Group specializes in acquiring, managing, and developing multifamily properties and other real estate ventures across the United States. As a family-owned entity, Banner is proud of its experienced leadership team and the predominantly independent Board of Directors. Their mission focuses on capital preservation, value creation, and generating wealth for their investors, which includes family offices and institutional partners.
Frequently Asked Questions
What is The Faywell development about?
The Faywell is a new 334-unit multifamily community that will offer modern residential living, created by Banner Real Estate Group.
When is The Faywell expected to open?
The first move-ins are anticipated for Fall 2026, with construction currently underway.
What amenities will The Faywell provide?
The Faywell will include a resort-style pool, fitness center, co-working spaces, bike parking, and easy access to nearby recreation trails.
Who are the key partners in The Faywell project?
Key partners include PNC Bank, JLL, W.A. Randolph, Inc., BKV Group, and CAGE Engineering, Inc.
What is the vision of Banner Real Estate Group?
Banner Real Estate Group aims to enhance quality living through thoughtful developments while preserving capital and generating wealth for investors.
