Sep
03

Hamptons of Hinsdale Prepares for Grand Opening Event

September 03, 2011

The excitement is building at The Hamptons of Hinsdale, and shoppers seeking new construction and a low-maintenance lifestyle in the popular village are marking down September 9 on their calendars — the grand opening date when sales will commence at the community of 93 condominiums and 26 townhomes.

Meanwhile, those hoping to get a sneak peek inside the community – and also earn generous preconstruction price savings worth tens of thousands – can now register online at www.hamptonsofhinsdale.com for the exclusive opportunity to earn an early invite prior to the grand opening.

Indeed, activity is gearing up quickly at The Hamptons of Hinsdale, where three townhomes will be available for immediate deliveries. What’s more, by February 2012 three additional townhomes and several units in the first of four condominium buildings planned will be move-in ready. A professionally furnished townhome model and three condo models are also expected to open for touring in the spring of 2012.

The Hamptons of Hinsdale represents a real estate rarity nowadays. Not only is it the lone option for shoppers desiring a new construction condominium or townhome in Hinsdale, it’s also one of the only new condominium communities currently under construction in the entire Chicagoland area, according to Gail Payonk, sales and marketing director for Next Generation Development (NGD). Financially backed by Grosvenor Residential Partners I LP and Inland Opportunity Hinsdale Hamptons LLC (a wholly owned subsidiary of Oak Brook-headquartered Inland Opportunity Fund, LLC), NGD resurrected the property after its original developer went out of business and left the site unfinished.

Sales and construction are expected to begin soon at The Hamptons of Hinsdale, where shoppers can claim a new luxury townhome or condominium for less.

“We’re strictly a residential builder, unlike the previous developer which specialized in large commercial projects,” said Payonk. “We understand the Hinsdale market, and we’ve done our homework carefully to meet the local market’s expectations in 2011 and beyond. We’ve stepped in and updated the existing floorplans to maximize spatial efficiency and modernize the styles and finishes. And we’ve also lowered the previous developer’s prices by nearly 30 percent without sacrificing any quality.”

Base prices at The Hamptons of Hinsdale will start in the $290,000s for the condos and in the $590,000s for the townhomes (all prices subject to change without notice).

With their generous array of standard inclusions and upkeep-free benefits, the Hamptons residences promise a lifestyle of convenience and luxury to discerning buyers, particularly empty nesters seeking to downsize, on-the-go couples, single or divorced professionals, and parents wishing to purchase a starter condominium for an adult child.

Chris Crawford, broker/owner of Hinsdale-based Crawford Group Sotheby’s International Realty, whom NGD hired to market the development to Realtors, said The Hamptons of Hinsdale is the only new community of its kind built in the village in the last 15 years that addresses the needs of these types of purchasers and which offers genuinely contemporary designs.

“If you want to downsize comfortably in Hinsdale today, the only other options are to tear down and build a new single-family home or retrofit an existing residence,” said Crawford. “The Hamptons of Hinsdale offers a nice, generously sized, maintenance-free alternative, especially for in-town folks who are looking to make a change. These homes are conceived with today’s lifestyle in mind. They’re also ideally located within a short stroll of downtown Hinsdale and other preferred destinations nearby.”

Buyers can select from up to nine Abbey condominium designs available. Each unit features one to two bedrooms, one-and-a-half to two-and-a-half baths, living room or great room, and balcony. Also included are a den, dining room and breakfast area, depending on the home selected. Square footages span from 1,262 to 2,239.

Shoppers yearning for an amply sized and well-designed townhome can also choose from four Villa designs—two of which are end-units—each offering three levels of completely finished living space. Every townhome provides two to four bedrooms, two-and-a-half to three-and-a-half baths, two-car garage, family room, living/dining room and balcony. Depending on the floorplan, a den, loft, and breakfast area off the kitchen also come standard. Sizes span 2,473 to 2,817 square feet.

NGD is also able to personalize any home to match a buyer’s lifestyle. From moving walls to adding a wine cellar or customizing kitchens with state-of-the-art appliances and technology, the builder is able to accommodate individual tastes, needs and lifestyles.

“When you consider how affordable these price levels are, coupled with the fact that guests who register with us online can get an exclusive discount worth up to tens of thousands of dollars, beat the general public and get first dibs on the best locations, it’s easy to predict that these homes won’t last very long,” added Payonk. “This is the absolute best time to buy. You can take advantage of our grand opening prices and capitalize on mortgage interest rates that remain near historic low levels.”

Payonk noted that NGD’s preferred lender, Citizens Financial Bank, is also offering incentives on mortgage loan applications, special rate locks for new construction and assistance with bridge loans for buyers with an existing home to sell.

Located in a private enclave on a handsome 12.5-acre parcel near the intersection of 59th and Washington Streets, The Hamptons of Hinsdale property boasts plentiful mature trees, shrubs, flowers and wetland plantings. Site highlights will include two parks that are each anchored by attractive custom-built wood and stone gazebos, a stately stone entrance monument and walls, a scenic natural pond, and eye-catching streetscapes and topographical features — enclosed by a decorative stone and metal fence. Both ground-level and below-grade parking is provided at each building, as are an elaborate grand lobby housing a private mail area, a greeting room and a community room with a bar and fireplace for residents, and two elevators.

Homeowners will also enjoy convenient exterior upkeep, landscaping maintenance and snow removal services, which are covered by a low monthly homeowners association fee.

The community is only a block away from Hinsdale Central High School, which annually ranks near the very top among Illinois public high schools, and two blocks from Elm Elementary School. Residents are also within a short drive of downtown Hinsdale, which features an array of fine and casual restaurants, preferred retailers, specialty shops and boutiques, and much more.

Other nearby attractions include Ruth Lake Country Club, Hinsdale Golf Club, Katherine Legge Memorial Park, Robbins Park, Hinsdale Hospital, and Oakbrook Center mall. Quick accessibility to the Hinsdale Metra train station and convenient expressways is yet another perk, with Rt. 83, the Tri-State Tollway, the Stevensen Expressway and Rt. 34 (Ogden Ave.) each serving Hinsdale.

The Hamptons of Hinsdale sales center, which will open September 9, is located at Grant and Kennedy in Hinsdale. For more information, call (630) 384-6480; to register for a pre-opening exclusive visit and earn an early bird discount, visit www.hamptonsofhinsdale.com.

About Grosvenor
Grosvenor is an international group of property businesses with total assets under management of approximately $6.2 billion (USD) as of December 31, 2010. Grosvenor has regional investment and development businesses in Britain and Ireland, the Americas, Continental Europe, Australia and Asia Pacific. The international fund management business operates across all of these markets. Grosvenor Residential Investment Partners I, LP (GRIP) is a private partnership that invests in “for sale” residential projects and associated debt across the United States. Investments may be made in the form of senior participating debt, mezzanine debt or preferred equity. GRIP’s $100 million fund is now approximately 77 percent invested. For more information, visit www.grosvenor.com.

About Inland Opportunity Fund, LLC
Inland Opportunity Fund, LLC (IOF) is a private real estate fund that focuses on acquiring operating properties, “value-add” properties, undeveloped or partially developed properties, and other real estate investments, including real estate-related securities and loans secured by real estate. Visit www.inlandgroup.com for more information.

About Next Generation Development LLC

Next Generation Development LLC is a privately owned, Wheaton-based real estate solutions provider comprising a group of experienced industry professionals who offer a diverse array of services for a wide range of clients. Having constructed over 35,000 residences in the Chicago marketplace, the firm’s experienced staff has become a resource in real estate for homebuyers, banks, equity partners and developers throughout Chicagoland. For more information on Next Generation Development LLC, visit www.nxtgendevelopment.com or phone 630-384-6440.

About The Author

Read All Stories By Walsh Communications

Lynn Walsh is the President at Walsh Communications, LLC. Walsh Communications is a full-service public relations, marketing and advertising agency for home builders and real estate-related industries.

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