$35 million, luxury apartment community proposed for Shiloh
An artist’s rendering of the project.
A private equity firm from Edwardsville has proposed building a $35 million, 300-plus luxury apartment community in Shiloh.
Called The Savannah, it will be constructed of stone, brick and hardy board structures with a Southern Craftsman style and situated on rolling hills.
Crevo Capital is developing what it calls a 26-acre, campus-like luxury apartment community specifically to maintain the site’s natural beauty and native trees surrounding a lake. The project may be developed in multiple phases, according to market demands.
The community will border new Frank Scott Parkway and Cross Street.
Corey Wenzel, president of Crevo Capital, expects to submit plans to the village of Shiloh later this month and to host an informational open house in May. He hopes to begin construction this fall and to have units available for occupancy in early 2019.
The Savannah will offer an amenity package “unmatched among other communities,” the firm said citing a spa-inspired health club and an indoor/outdoor community lounge with resident event space extending over the lake from a tree-lined shore.
Each of the living units will have a private, covered patio or a balcony, as well as either a private, connected garage or a private, detached garage with additional storage.
Most structures are expected to be three stories with several of them to include elevators. Features of each unit will include fully equipped kitchens with stainless steel appliances, granite countertops, a gourmet preparation island and a generous pantry. Units also will have hardwood flooring, gas fireplaces, walk-in closets and an in-unit laundry room with a folding area. Many top-level units will offer the spacious feeling of either vaulted ceilings or coffered ceilings.
The Savannah will offer several optional floor plans including one, two and three bedroom layouts. Some of the options will include units larger than 1,500 square feet.
Housing Studio, an award-winning, nationally recognized architectural firm based in Charlotte, N.C., has been engaged to conduct all aspects of design pertaining to the buildings and site layout. Housing Studios has designed more than 50,000 units located from the Eastern Seaboard to the Midwest.
Construction management will be by IMPACT Strategies, based in Fairview Heights.
“Research always drives our planning,” Wenzel says. “We are excited to bring a community that offers a living experience that young professionals, families and seniors all are seeking. Some who work in the Metro-East are commuting from St. Louis because they haven’t been able to find the type of environment here that we’ll soon be able to offer.”
“Location is critical, and this Shiloh location is perfect, adjacent to the new BJC Healthcare System Memorial Hospital and medical office building, minutes from the U.S. Transportation Command and close to the many professional services and retail stores in the rapidly growing Shiloh-O’Fallon corridor,” Wenzel says.
Crevo Capital has developed multi-family, student housing, single family resident subdivisions and commercial properties throughout Illinois and Missouri, including near Southern Illinois University Edwardsville.
— From the Illinois Business Journal
