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"One Arlington" at Arlington Downs Begins Leasing Luxury Apartments

The 27-acre project will include luxury residential apartment buildings, a Sheraton Four Points Hotel, retail stores, restaurants and a water park at Euclid and Rohlwing Road in Arlington Heights.

Rick Cavenaugh, president and CEO of Stoneleigh Companies, the real estate developer behind the Arlington Downs project shows a rendering of One Arlington. Credit: Christopher Paul Photography.
Rick Cavenaugh, president and CEO of Stoneleigh Companies, the real estate developer behind the Arlington Downs project shows a rendering of One Arlington. Credit: Christopher Paul Photography.

The much-anticipated One Arlington luxury apartment building located within the Arlington Downs project at 3400 W. Euclid Avenue in Arlington Heights, has begun leasing units on the first three floors of the 12-story building.

The apartment building, which faces the intersection of Euclid Avenue and Rohlwing Road, has been under construction since the fall of 2013. The structure was formerly a Sheraton Hotel, which has stood vacant since 2009.

Units will include studios, one and two bedrooms, as well as penthouse options for all three, with rents ranging from $1,300 to $5,000 per month. Move-ins are expected to begin by August of this year.

According to the One Arlington website, amenities will include floor to ceiling glass windows in all units, providing “stunning Chicago skyline views,” in addition to a 360-degree sky deck, yoga studio, a pet salon and retail stores located "right outside your door."

Other perks cited by Rick Cavenaugh, president and CEO of Barrington-based Stoneleigh Companies - the real estate developer behind the project -  are that the residence is within walking distance of Arlington International Racecourse, as well as nearby Arlington Park Metra station and shopping in bustling downtown Arlington Heights and the surrounding suburbs.

The entire 27-acre Arlington Downs project also will include a Sheraton Four Points express hotel to the north and west, an expanded water park at the rear of the apartment building, a variety of suburban retail stores on the first floor and free-standing restaurants bordering the property.

Two additional luxury apartment buildings also are planned on the sprawling property, but groundbreaking dates have not yet been planned, Cavenaugh said.

“What’s exciting is seeing the reality of a vision that was not easy to have – to convert a shuttered hotel into an elegant residence and icon center-point for the development – come this far,” Cavenaugh said. “We now see the result of this vision is even better than we first thought it would be.”

For more information, visit the One Arlington website or call 847-305-1102. 

Burt May 05, 2014 at 10:27 AM
This could be a flop too !
Burt May 05, 2014 at 10:36 AM
If it flops they can always sell it to the government to use for low cost housing. I am sure the local workers would like to live in luxury subsidized housing close to work
Amber Tulley May 05, 2014 at 12:58 PM
I got to meet with the leasing team for these apartments at Arlington Park this weekend and I can tell these will be a huge hit! I can't believe how soon move ins will be! The guy I talked to was able to answer all of my questions, make sure you ask for Ben when you call!
Bill Flemming May 05, 2014 at 02:52 PM
It looks like the rental office is going in the shopping center with the Starbucks & Subway at the opposite end - that is in front of our Real Estate Offices (HOMESMART Connect real Estate)

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