@properties Propels Basecamp Old Irving Park Past 50-Percent Mark in Phase I

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Ranquist Development and Stocking Urban Finalize Purchase of Land for 48-Home Development; Construction to Start This Summer

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With Basecamp Old Irving, we’re bringing almost 50 new homes to the market with pricing, plans and finishes that are right in the sweet spot of demand. So far the response from homebuyers has been very strong.

Chicago-based @properties has announced that Phase I sales for Basecamp Old Irving Park, a new single-family home development on Chicago's North Side, have surpassed the 50-percent sold mark.

The developers, a joint venture between Ranquist Development Group and Stocking Urban LLC, recently finalized their purchase of the land for Basecamp Old Irving Park and will begin work on the site this month.

Located at 3700 N. Milwaukee Ave., just south of the historic Six Corners district, Basecamp Old Irving Park will consist of 48 single-family homes, with four- and five-bedroom floor plans starting at $479,900.

The community features contemporary architecture by Chicago-based Pappageorge Haymes Partners. Homes offer large open floor plans, 10’ first-floor ceiling heights, upscale finishes, a private two-car garage and spacious backyard. The community also has its own pocket park, and puts homeowners within walking distance of neighborhood parks, shops, restaurants and public transportation including Metra and CTA Blue Line trains.

“Single-family home inventory in the city is so low, and what’s out there in terms of new-construction is hard to call a value. With Basecamp Old Irving, we’re bringing almost 50 new homes to the market with pricing, plans and finishes that are right in the sweet spot of demand,” said Zev Salomon of Ranquist Development. “So far the response from homebuyers has been very strong.”

Basecamp Old Irving Park is the latest development from Ranquist, which has been one of Chicago’s most active neighborhood builders during the past couple of years. Recently completed Ranquist projects include Backyard Andersonville, Basecamp River North, and Flexhouse and Flexhouse II in Logan Square and Avondale. Each development features a modern aesthetic similar to Basecamp Old Irving Park.

“Ranquist has a knack for understanding what buyers want. Their homes always have a degree of originality and innovation, and are just plain cool. On top of that they offer a great value, so it’s no surprise that they tend to sell quickly,” said @properties broker Heather Gustafson, sales agent for Basecamp Old Irving Park.

Site preparation for Basecamp Old Irving Park will begin in July, with groundbreaking for the new homes slated to start in October. First deliveries are planned for spring 2016.

A sales center and model unit is located off site in River North at 455 W. Hobbie St., and is open Monday, Thursday and Friday from 12-5PM, and Saturday and Sunday from 10-6PM. For more information, visit http://www.basecampoldirvingpark.com.

About Ranquist Development Group:
Ranquist Development Group’s philosophy unites uncompromised design, a keen understanding of today’s urban homebuyers, and a fresh real estate perspective that encourages innovation, efficiency and affordability. One of the most active and respected developers in the city, Ranquist has made its name by building modern, high-quality homes in pioneering neighborhoods throughout Chicago. Since 2012, Ranquist has developed more than 100 new rowhomes in Chicago’s River North, Logan Square, and Andersonville neighborhoods, including the 57-unit sold out Basecamp River North. For more information, visit http://www.ranquist.com

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Peter Olesker
@properties
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