Sales of new homes both continue to be extremely strong at Edgebrook Glen, the 11.5 acre development designed by FitzGerald alongside the Indian Woods Forest Preserve on Chicago’s far Northwest side.
According to Paul Bertsche, Vice President of CA Development, ten homes have closed in the first quarter of 2013, following a surprising number of closings in the fourth quarter of 2012, a period that is typically quiet for new home sales. “The pace we’re on right now, we may close on 30 homes this year.” Bertsche said, indicating that interest and sales appear to mirror pre-2007 levels.
Edgebrook Glen features wooded grounds, ample sidewalks and its own landscaped park. The Craftsman-style home attributes and materials were chosen to reflect the character of the neighborhood, and the homes are set on larger-than-standard city lots. The homes were designed by FitzGerald in six distinct styles, each with an attached garage, luxury interior finishes and several options to customize both inside and out.
The company has plans to close on three more homes in the next 30 days, and another ten are in various stages of construction and pre-construction.
“People are impressed with the ‘smart choice’ homes we offer—models with higher levels of insulation and high efficiency systems that we were offering well before they become ubiquitous under the upcoming energy codes.” Bertsche said.
He also describes that the typical buyer is taking an interest in a smaller floor plan, favoring the development’s 2,800 square foot Linden model, with its open plan full of gathering spaces and very little space lost. “It feels—and lives—like a house much larger than it is.”