Construction Begins on Water's Edge, New Upscale Condominium Development on Diamond Lake.The GraniteGroup Chicago Views Project as Pioneering Effort to Transform Diamond Lake SCHAUMBURG, Ill. -- Schaumburg, Illinois-based real estate developers The GraniteGroup Chicago will soon begin a pioneering effort to rejuvenate re·ju·ve·nate tr.v. re·ju·ve·nat·ed, re·ju·ve·nat·ing, re·ju·ve·nates 1. To restore to youthful vigor or appearance; make young again. 2. the Diamond Lake area of Mundelein, Illinois Mundelein is a village in Lake County, Illinois, in the United States. As of the 2000 census, the village population was 30,935, and estimated to be 32,774 as of 2005. History , with the creation of Water's Edge, a $20 million, 56-unit, two-building condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. development. The development will be located on property that was the site of the parking lot of the original Gale Street Inn (more recently the Valley Lodge restaurant). Occupancy is scheduled for December 2007. This is the latest among recent projects by The GraniteGroup Chicago that include the restaurant ENTOURAGE The e-mail program included in the Macintosh version of Microsoft Office. Combining the functions of Outlook with scheduling capabilities, Entourage was introduced with Microsoft Office 2001 for Mac, the first release of Office for OS X. on American Lane in Schaumburg, Illinois Schaumburg is a village in Cook County and DuPage County, Illinois. As of the 2000 census, the village had a total population of 75,386. As of 2005, the population slightly dropped to 72,690 according to the Census Bureau. . Demolition of the old Gale Street Inn will start today. These unique Prairie-style condominiums are designed by noted architects Swanson Donahue of Lake Forest, Illinois Lake Forest is a city in Lake County, Illinois, United States. The population was 20,059 at the 2000 census. The city is south of Waukegan, Illinois, on the shore of Lake Michigan, and is a part of the Chicago metropolitan area and the North Shore. . Water's Edge will consist of two four-story buildings near the intersection of Diamond Lake Road and Oakdale Avenue. The 32-unit front building will feature full lake views and the 24-unit back building will offer partial lake views. One, two and three bedroom units will be available. All units will have spacious balconies and there will be underground parking. One bedroom units will be priced starting in the low 300's; three bedroom units will start in the mid 400's. Mark Barati, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of The GraniteGroup Chicago, and his team have worked closely with Mundelein's village administration to make sure this exciting new development complements the village's innovative plan to rejuvenate the Diamond Lake and downtown areas. "We are very excited to be pioneers in the redevelopment of this 'diamond in the rough.' Water's Edge will be the only upscale residential condominium development on Diamond Lake," said Barati. "The Mundelein administration has been visionary and resourceful in creating a new concept that will add a variety of commercial, cultural and residential opportunities for everyone while increasing public park area. Diamond Lake is a gem and we want the public to continue enjoying the lakefront area, so we are donating the entire lakefront portion of the property, which was the location of the old Gale Street Inn building, to the village to use as public park area. Our new condominium buildings will be built across the street on the other side of Diamond Lake Road." Within the next month, The GraniteGroup Chicago will open a temporary sales office on the property; prospective buyers will be able to view renderings of the development and learn more about the individual units. For more information, please telephone Tina Rago, sales manager sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → , at (847) 566-9300 or send an email to sales@watersedgediamondlake.com. Please visit the website at www.watersedgediamondlake.com. |
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