Vyne on Haven Nearly 50% Leased, Reflecting Robust Suburban Chicago Rental Market Growth
Suburban Chicago has experienced robust rent growth. According to RentCafe’s year-end report for 2023, suburban Chicago ranked in the top five for the top 30 most competitive rental markets in the country. And the recent opening of Vyne on Haven in Elmhurst, IL is proving that the market remains strong.
The new 200-unit luxury apartment community has made significant strides since its opening in April 2024. Currently, the community is almost 50% leased, surpassing projections. This success not only underscores the appeal of suburban Chicago as a thriving rental market but also highlights the ongoing demand for high-quality residential options in the region.
“We’re happy to deliver a project that fulfills the needs of the Elmhurst community,” said Toby Veit, vice president of real estate development, Ryan Companies. “Residents enjoy high-end unit finishes and access to the first-class building amenities while being walking distance to restaurants, nightlife and transit.”
Vyne on Haven offers a mix of studio and one- two- and three-bedroom units starting at around $1,800 per month for studios with some large penthouse three-bedroom homes exceeding $5,000 per month. The residences feature in-unit laundry, walk-in custom-built closets, wood-style plank flooring, and modern kitchens complete with islands, stainless steel appliances, tile backsplashes, and quartz countertops. Select units offer walk-out balconies and private rooftop decks.
Amenities include an oversized outdoor entertaining deck with a resort-style pool, shade cabanas, dining areas, grilling stations and outdoor fire pits; a secondary tranquil outdoor deck known as the Zen Garden offering resident relaxation; a sky lounge with a fireplace, resident games, and a private dining area for parties with a terrace providing views of downtown Chicago; a state-of-the-art fitness center featuring Peloton bikes and a separate functional training studio as well as a clubroom that provides indoor-outdoor connectivity with the pool deck. The Atrium Coworking Café is located at the mezzanine level above the lobby with a conference room and two private phone rooms adjacent to a kitchenette which includes a coffee machine and printer for resident uses. The property is also pet friendly with a pet spa near a large dedicated outdoor dog run.
“Vyne on Haven was designed to cater not only to empty nesters seeking a walkable, low-maintenance lifestyle but also to young professionals who desire convenient access to downtown Chicago without comprising on high-end building amenities,” said Olga Olejniczak, director of real estate development, Ryan Companies. “The building fosters a diverse community united by a shared appreciation for modern convenience and metropolitan charm.”
Designed by Ryan A+E Inc., the design studio of Ryan, the building thoughtfully integrates into the fabric of downtown Elmhurst with a mix of red masonry and earth-toned fiber cement panels accented with black-trimmed windows and balconies. Maximizing its location on the corner of Haven Road and 1st Street, a well-appointed two-story lobby warmly greets residents and guests.
MetLife Investment Management and Ryan are the owners of Vyne on Haven. Ryan is the developer and design-builder of the project. Greystar is the operating partner. To learn more about Vyne on Haven, visit vyneonhaven.com.
