Wheaton, IL, June 06, 2015 --(PR.com
)-- Next Generation Signature Homes today announced it acquired 99 home sites at Springbank, a 600-acre master planned community located in Plainfield, Ill. Next Generation Signature Homes will lead development of new residential properties at Springbank immediately and is expected to commence sales in October 2015.
The Springbank homes will be offered with seven all-new floorplans designed by award-winning BSB Design, each debuting unique elements that cater to the Springbank lifestyle. The innovative floorplans provide buyers with numerous customizable options and signature details such as covered patios, four-season rooms, and pocket offices.
“The home sites we acquired in partnership with Turnstone Group and Castlelake offer a compelling opportunity to develop state-of-the-art properties accompanied by in-demand amenities,” said James Hughes, Jr., Chief Executive Officer of Next Generation Signature Homes. “We look forward to building on our extensive record of successful development and sales at Springbank.”
Springbank offers a variety of newly-developed home models situated across 10 distinctive neighborhoods just minutes away from vibrant downtown Plainfield. The community also features a state-of- the-art Aquatic Center, several recreational parks, winding trails and expansive outdoor spaces.
Next Generation Signature Homes is one of the few remaining private home builders in the Chicagoland market. The company’s recent work includes 93 condominiums and 26 townhomes at The Hamptons of Hinsdale community in Hinsdale, Ill., and 146 luxury apartment units at Randall Highlands in North Aurora, Ill., as well as additional properties in the western suburban area that it expects to introduce this year.
Next Generation Signature Homes acquired the home sites through a joint venture with financing partners Turnstone Group LLC and Castlelake L.P. Turnstone Group is a real estate investment company focused on opportunistic investments in midsize real estate and real estate-related investments. Castlelake is a global private investment firm focused on complex, small-to-mid-size, asset-based opportunities including commercial and industrial non-performing loans, commercial real estate and residential land.
About Next Generation Signature Homes and Next Generation Development LLC
Next Generation Signature Homes and its affiliate Next Generation Development LLC are privately owned, Wheaton-based real estate solutions providers comprised of a group of experienced industry professionals who offer a diverse array of services for a wide range of clients. Having constructed over ten thousand 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 Signature Homes and Next Generation Development LLC, visit www.nxtgendevelopment.com and www.mysignaturehome.com or phone 630-384-6440.