B3 Companies Announces Acquisition for New Build-for-Rent Townhome Development in Downtown Highland Park

B3 Companies is proud to announce the acquisition of a prime parcel of land at 580 Glenview Avenue in the heart of downtown Highland Park, where we will launch our latest project: 22 Build-for-Rent (BFR) townhomes. This exciting development marks another significant step in our mission to provide thoughtfully designed, high-quality housing in premier urban locations.

Ranging from 2,100 to 2,400 square feet, these spacious townhomes will offer a modern, refined living experience that combines the privacy of single-family homes with the flexibility and convenience of rental living. Each home is being professionally designed by our team of our experienced designers and will feature high-end finishes, open floor plans, and a layout that maximizes comfort, natural light, and function.

Residents will enjoy access to the best of Highland Park’s vibrant downtown—shops, restaurants, schools, and public transportation—all just steps away.

Construction is set to begin in June 2025, with project completion expected in Q2 2026. The townhomes will be professionally managed and tailored to meet the needs of today’s discerning renters, including families, professionals, and those looking to downsize without compromise.

“We’re thrilled to continue our work with the City of Highland Park, a forward-thinking partner that shares our vision for vibrant, sustainable communities,” said Simon & Adam of B3 Companies. “This project is a direct response to growing demand for rental housing in walkable, well-connected neighborhoods, and we’re proud to contribute to that growth with homes that blend comfort, functionality, and lasting value.”

This development aligns with B3 Companies’ urban infill investment strategy—transforming underutilized parcels in established neighborhoods into meaningful residential communities without contributing to urban sprawl. With its rich cultural landscape and strong sense of identity, Highland Park is the perfect setting for this type of innovative housing solution.

By bringing Build-for-Rent townhomes to downtown Highland Park, we aim to serve a growing segment of the population seeking maintenance-free living, design-driven homes, and flexibility—all without the long-term commitment of ownership.

We look forward to sharing more updates as this project progresses and continuing to shape the residential future of Chicago’s North Shore.