Norweta, a Broder development featuring 40 luxury apartments and 32 condominium residences, reveals a first look of the apartment units today, along with the launch of its leasing website — www.NorwetaApartments.com. Now in Phase II of the development, these condo-quality apartments begin leasing this month.

Located at 2611 N. Hermitage Ave. in Lincoln Park, Norweta Apartments offers two bedrooms starting at $3,995 per month, three bedrooms starting at $5,095 per month, and four bedrooms starting at $8,595 per month, along with duplex floor plans. The development features thoughtful design and a curated finish package. In-unit amenities include state-of-the-art kitchens with waterfall edge quartz countertops, integrated Wolf Sub-Zero appliances and custom cabinetry, oak hardwood flooring throughout, 9-foot ceilings, floor to ceiling windows, J. Geiger electric solar shades and exquisite 5-piece baths. 

“When you live in a Broder property, know that you’re in good hands. We take great care of our residences and also the people who live there,” said Eric Svenson, Managing Partner, Broder. “Attention to detail is at the core of our developments along with thoughtful and dedicated service.”

“Norweta is raising the bar for rental residences in Chicago. Each apartment features condo-quality finishes and expansive layouts that live like a home,” said Aaron Galvin, CEO & Founder of Luxury Living Chicago Realty, the brokerage firm exclusively marketing and leasing the apartments. 

The condominiums and apartments share two acres of indoor and outdoor spaces across the property. Amenities include a resort-style outdoor pool, fitness center with on-demand virtual training, courtyard, gardens, fire pit and grill areas, conference room, sports court, solarium, hammock garden, courtesy bikes, private storage units, dog and car wash stations, electric vehicle charging and underground parking. The development also features on-site property management, a mobile doorman app, pick-up/drop-off cleaning service and discounts at preferred vendors. Norweta is designed to achieve LEED Platinum certification, the highest standard of green building designated by the U.S. Green Building Council. 

Phase I of the development included condominium development and sales of Norweta residences located at 2633 N. Hermitage Ave. Dreamtown Realty has been leading the condominium sales of Norweta.

CHICAGO, IL – July 27, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $20.95 million in financing for the development of 42 luxury apartment units at Norweta Row in Chicago’s Lincoln Park neighborhood.

The HFF team worked on behalf of Broder to secure the construction loan through Citizens Bank.  Norweta also includes 31 for-sale condominium units that share amenities with the apartments, but were not part of the collateral for this loan.

Norweta Row will be located at 2611 North Hermitage southeast of the intersection of W. Diversey Parkway and N. Clybourn Avenue in Lincoln Park.  The apartment phase of the project is due for completion in the spring of 2019 and will encompass a four and a half-story building with 42 rentable apartment units totaling 79,000 square feet.  The 31 for-sale condominium units will total 83,900 square feet. Both phases of the project will be constructed to LEED Platinum specifications and will include smart-home technology, pre-wired surround sound, hardwood floors, quartz countertops, Sub-Zero refrigerators and Wolf appliances, and full-size washers and dryers.  Community amenities will include nearly an acre of outdoor space, a resort-style pool, fire pit, outdoor dining and grilling area, private courtyards, 30-foot sport court, pet concierge service, dog wash station and electric car charging stations.

The HFF debt placement team representing the borrower included director Christopher Knight and managing director Greg LaBine.

“Norweta Row’s attention to detail, thoughtful unit layouts and breadth of amenities in the highly desirable Lincoln Park neighborhood is unique to the market and will be very well received by renters and buyers alike,” Knight said.