Banner Real Estate Group Unveils The Faywell: A New Era of Class A Living in Wheaton, IL

Banner Real Estate Group, a distinguished name within the multifamily housing sector, recently announced the closing of its latest project, The Faywell, located at 220 W. Liberty Drive in Wheaton, Illinois. Adjacent to the Metra Union Pacific West station, providing effortless access to downtown Chicago, this development underscores the company's commitment to enhancing urban living.

The Faywell represents a crucial juncture not only for Banner Real Estate Group but also for the city of Wheaton, providing a blueprint for future development in the area. Five years of planning culminate in a multifamily community that features 334 Class A housing units designed to meet the highest standards of modern living. This development will offer amenities including a resort-style pool, a state-of-the-art fitness center, a coworking lounge for professionals, and ample bike parking to cater to the eco-conscious resident. It will also boast direct access to the DuPage County Prairie Path, enriching the lifestyle of its future residents.

Demonstrating a unique blend of commerce and community, The Faywell also plans to reintroduce the Egg Harbor Cafe, a business deeply rooted in local heritage, emphasizing the project’s dedication to local culture and economy.

Bob Flannery, CEO of Banner Real Estate Group, expressed profound enthusiasm about The Faywell. “We're excited to bring The Faywell to life as a best-in-class residential option in a location with so much vibrancy, charm, and walkability, as well as the convenience of the Metra commuter station," he said. "This development represents not only a significant investment in Wheaton's continued growth but also a long-term commitment to improve the quality of life in the community and contribute to the vibrancy of downtown Wheaton."

Flannery's appreciation extended to the City of Wheaton for its support and cooperation, particularly acknowledging City Manager Michael Dzugan and Mayor Phil Suess.

The pivotal partners of this project are testament to its distinction and caliber, featuring PNC Bank as the institutional investor, JLL, W.A. Randolph, Inc. acting as the General Contractor, BKV Group leading the project's architecture, and CAGE Engineering, Inc. With construction currently in progress, the anticipation for The Faywell continues to build, with the first residents expected to move in by Fall 2026.

Through The Faywell, Banner Real Estate Group stands firm in its resolve to elevate living standards and foster community development. As partners and city officials work in unison, the prospects of Wheaton's urban development are poised for a significant and vibrant transformation.