Luxury rentals at prices 'Winnetka has never seen' planned for long-stalled site
The new owner of a long-fallow site in downtown Winnetka is looking to high-net-worth empty nesters to fill the dozens of apartments he plans to offer at monthly rents of $7,000 to over $12,500.
“People who are transitioning out of their $5 million, $7 million houses but don’t want to leave Winnetka” are the target market for the 59 units John Murphy’s Murphy Development Group plans for the site at Lincoln Street and Elm Avenue.