By DENNIS GRUBAUGH, The Illinois Business Journal
An old family farm in Troy is being converted to senior living villas and now has its first resident.
The project known as Serenade will be the subject of a public open house from 11 a.m. to 4 p.m. on Saturday and Sunday, Oct. 24 and 25. The site is going up behind the Walgreen’s store on the south side of Illinois Route 162, with access from both Dorothy Drive and Bradley Smith Drive. The infrastructure is in place for about half the 35-acre development.
Two duplexes are now complete, and each has two villas. Each villa is being sold at a base price of $289,900, said Merrill Ottwein, on whose former family farm the project is being built. He also holds the realty listing. The first unit was sold recently. The contractor and owner of the project is Lynn Sill of Petersburg, Ill.
“The project is customized for people 55-plus living,” Ottwein said. “There are no basements, there is easy entry, flat floors, and most remarkably, concrete walls.”
The foam insulated concrete walls are an energy efficient approach that has not been used much in the Metro East area, he said. The duplexes are divided by a common wall, also concrete. The walls are an alternative building process known as ICF (for Insulated Concrete Formed.)
The buildings are to be built in clusters that will face each other with a common access courtyard, allowing for people to mix as they wish.
“That’s designed to give people a sense of neighborhood,” Ottwein said.
Some 62 villas are anticipated in all, in both two- and three-bedroom options. The overall floor space is 1,800 square feet in both options.
“The base price per square foot is right at $161 per foot, among the lowest in new homes in the area. There is a huge list of upgrades included as standard, too, so it appears to be a neat value and a lot of upgraded home for the money,” Ottwein said.
That list is posted on the website, villasatserenade.com, and available on request.
For more information, people can call Ottwein, who is the listing agent, at (618) 781-1822 or his email at email@example.com; or contact the builder directly, Lynn Sill, at (217) 801-2516.