Domain CityGate, a 285-unit luxury multifamily community in Naperville, Illinois, was completed by a joint venture between Calamos Real Estate and Lincoln Property Co.
CIBC Bank USA has a $47.9 million construction debt against the property, according to Yardi Matrix data. The general contractor was McShane Construction Co., and the architect was Callison RTKL.
Overview of the Domain CityGate in Naperville
The four-story complex offers floorplans with studio, one, and two bedrooms that range in size from 515 to 1,223 square feet. The homes come with walk-in closets, in-unit washers and dryers, and private patios or balconies for some floor plans. Along with 430 parking spaces, common areas have a fitness center, swimming pool, pet spa, yoga room, and tennis court.
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The building is situated at 2132 City Gate Lane. It is adjacent to Highway 59 and Interstate 88, and about 5 miles from the center of Naperville. Furthermore, it lies 33 miles east of Chicago. The neighborhood is located within the mixed-use CityGate Centre, which offers a wide variety of shopping, dining, and entertainment opportunities. It is also close to major companies like the Ecolab corporate headquarters, which is located less than 2 miles away.
CityGate Centre is a distinctive mixed-use neighborhood. It combines dining establishments, shopping centers, hotels, spas, workplaces, and, with the advent of Domain CityGate, residences. In light of this, Susan Uhlarik, director of multi-family at McShane, said that Domain CityGate is the perfect development for people looking for housing, work, and entertainment all in one place.
Development and other Lincoln properties in Chicago
Despite a 15.3 percent year-over-year decline in development in Chicago through November 2022, deals continued to close and transactions reached north of $3 billion last year, according to a recent study.
Another project being developed by Lincoln Property Co. is a 300-unit high-rise in the city’s downtown which just received final clearances. According to Yardi Matrix data, the business also owns the 263-unit Eleven33 and the 171-unit Bernardin. These are both located in Chicago.