RPM Living Opens Cerca Glenview Sixty Two Unit Luxury Community in Downtown Glenview Illinois

2 minutes read
by Multifamily Summit
RPM Living Opens Cerca Glenview Sixty Two Unit Luxury Community in Downtown Glenview Illinois

RPM Living has opened Cerca Glenview, a new 62-unit luxury multifamily community developed by The Drake Group at 1850 Glenview Road in downtown Glenview, Illinois. The property held a ribbon cutting on June 17 and welcomed its first residents on June 19, 2026.

Cerca Glenview includes a mix of junior one-bedroom, one-bedroom, two-bedroom and three-bedroom residences, with monthly rents ranging from $2,745 to $7,300. The fifth floor houses the Cerca Reserve Collection, a curated set of penthouse residences with access to an exclusive top-floor amenity level. The community reported it is currently 35 percent occupied and 45 percent leased.

"This is a project that s years in the making, and welcoming our first residents is a proud moment for our team, said Tom Drake, Principal, The Drake Group. We have deep roots in this community, and that personal connection shaped every decision we made throughout the process as we strived to build something the neighborhood could be proud of."

Located in the heart of downtown Glenview, the community provides direct access to local dining, retail and regional transit corridors. RPM Living positions Cerca Glenview as a residential anchor as the surrounding area continues to attract development and investment along the North Shore.

"Cerca Glenview is a standout addition to Chicago s North Shore market, said Will Shew, Regional Vice President for RPM Living. We ve already seen tremendous demand since preleasing began mid-April 2026, which speaks to the property s value and the appetite for luxury living in Glenview. As the management company, we look forward to fostering an exceptional community for current and future residents."

Construction began in October 2025. Weis served as general contractor, Cullen Construction Management acted as owner s representative, and Wintrust provided project financing.

Multifamily Leadership will continue to monitor developments that illustrate how contemporary multifamily projects integrate location, amenity strategy and financing to meet local demand. Cerca Glenview offers a case study in mid-market luxury delivery and the role of collaboration among developer, lender and management teams in bringing new inventory to market.

multifamily investment
multifamily
real estate operations
multifamily market trends
multifamily investment summit
multifamily investment events
multifamily investor strategies
Multifamily Summit

About the Author

Multifamily Summit

The Multifamily Investment Summit is an exclusive, high-level gathering of executives, meticulously designed for a limited audience of multifamily investors, operators, and industry leaders. Unlike traditional events with thousands of attendees, sprawling tradeshow floors, and sponsored speaker panels, this summit breaks the mold.

Related Articles

Weidner Apartment Homes Plans 212-Unit Downtown Wenatchee Development and Historic Jailhouse Restoration
October 15, 2026

Weidner Apartment Homes Plans 212-Unit Downtown Wenatchee Development and Historic Jailhouse Restoration

Weidner Apartment Homes is expanding its presence in downtown Wenatchee with two significant projects. The company announced The Majestic Apartments, a 212-unit, 7-story residential community featuring Art Deco design and underground parking, set for completion in summer 2027. Weidner is also restoring the historic 1910 Wenatchee Jailhouse for food and beverage use in partnership with local restaurant group Dime Food Group, expected to open in 2027.

Prometheus Opens Harken, 172-Unit Community in Los Altos
October 14, 2026

Prometheus Opens Harken, 172-Unit Community in Los Altos

Prometheus Real Estate Group has opened Harken, a 172-unit apartment community in Los Altos, California—the first new apartment project in the area in decades. Located at 5150 El Camino Real, the property features 1- and 2-bedroom residences averaging 1,134 square feet, including 29 below-market-rate affordable units. Amenities include a 24/7 fitness center with Technogym equipment, pool, spa, private listening lounge, and clubhouse. Leasing begins this month with occupancy starting in November.

Griffis Residential Closes First $207 Million for Fund VII, Acquires 263-Unit Property in West Palm Beach
October 13, 2026

Griffis Residential Closes First $207 Million for Fund VII, Acquires 263-Unit Property in West Palm Beach

Griffis Residential announces the first close of Griffis Premium Apartment Fund VII, securing approximately $207 million in capital commitments. The fund continues the company's value-add investment strategy, targeting multifamily communities in markets with strong demographics and favorable supply-demand dynamics. Fund VII has completed its first acquisition, purchasing the 263-unit Griffis North Olive community in West Palm Beach, Florida for $104 million at an estimated 25% discount to replacement cost.

Multifamily Innovation® Technology & AI Summit

Connect with industry leaders and gain insights into the multifamily real estate market. The premier conference for multifamily investment professionals.

Date
December 1-3 2026
Location
Phoenix, Arizona
Register Now