An apartment complex has been proposed for land near Route 59 and 75th Street in Naperville that was previously approved for a senior living facility.
“The Atlas” is a 236-unit multifamily apartment complex to be built at 2939 Audrey Ave., according to a petition submitted by BC Astoria to the Naperville Planning and Zoning Commission. It would have 77 studio, 133 one-bedroom and 26 two-bedroom apartments, the petition said.
The property is surrounded by the Mayfair of Naperville townhomes, located north and east of the property, and shopping areas to the south and west.
“This site is very exciting to us because it has some very unique features,” said Alex Shalavi, partner at BC Astoria’s Bridge Capital Partners, of which BC Astoria is a part.
“It has the ability to walk to some great retail, particularly grocery stores like Whole Foods and Dick’s Sporting Goods and Home Depot — everything that’s on that corner of Route 59. And there’s not a whole lot of opportunities besides downtown Naperville to really do that.”
If approved, it would take over a site annexed into the city in 1997. A 170-unit senior living facility called the Audrey Senior Residences was approved for rezoning and development at the site in 2023, but the project was never built, according to the petition.
The Atlas, an apartment complex proposed for 2939 Audrey Avenue in Naperville, will provide amenities such as an outdoor pool and patio. The apartment’s location would also be within walking distance of major retailers in the area. (OKW Architects)
While the site totals 6.2 acres, only 4.5 acres of that would be used for The Atlas. The remaining land would be reserved for future commercial or retail use due to its proximity to Route 59.
“Anything fronting Route 59 should be utilized for commercial retail purposes,” said Vince Rosanova, an attorney representing the developer. “So that area, which is approximately 1.2 acres west of our site, has frontage along Route 59. It’s north of the former Krispy Kreme, which is now a Mattress Firm. … So the thought is to reserve property along 59 for future commercial (use).”
The Atlas will serve as a transitional property between the commercial area and the more residential area where the Mayfair of Naperville is located, Rosanova said.
Another benefit of the site is its proximity to public transit, including the Route 59 Metra Station, which is about two miles away, and a Pace bus stop at the corner of Audrey Avenue and Route 59.
“We plan to amenitize the building and create a community where friendships can be made and there will be a robust retail environment around where it’s just going to naturally have people comingling,” Shalavi said.
Some of those proposed amenities include an outdoor pool and patio area, a dedicated dog run, coworking lounge, rooftop terrace, and club room with a bar, television, pool table and shuffleboard, according to the petition.
Before the proposal can move forward, BC Astoria is requesting approval for a conditional use for a multifamily residential building; variances for parking, density and building height; and a wall sign.
BC Astoria is also asking that the 4.5 acres to be rezoned to office, commercial and institutional, or OCI, so The Atlas to serve as a transitional property between the commercial and residential areas. While the property is technically already zoned OCI for the Audrey Senior Residences, that will be revoked and then rezone for The Atlas.
Target demographics for the site include young working professionals and active adults who are 55 or older. Demographic data cited in the petition suggests that by 2030, people aged 25 to 34 will represent the largest population group within a 5-mile radius of the property, with more than 36,000 people making up the age group.
Similarly, people agess 55 to 64 are expected to make up another 32,000-person group, the developer said. Combined, these two age groups will represent nearly 27% of the area’s population by 2030, the petition said.
Prices for the units are also expected to have a “lower barrier to entry” for those who want to live in the area, the petition said. Monthly rents are projected to be $1,725 for a studio, $2,015 for a one-bedroom unit and $2,465 for a two-bedroom unit, Rosanova said.
“If you look at the city’s average household income of $150,000, it’s very clear that this is a housing opportunity at a more attainable price point than somebody making $150,000 a year,” Rosanova said.
It is not the first housing development that Bridge Capital Partners has brought to Naperville. Currently, through its related companies, Bridge Capital Partners owns and manages more than 1,500 apartment homes in Naperville, including the 5th Avenue Station, One Nineteen on Main and the Belvedere Apartments at 111th Street.
“We want to bring something to south Naperville that we feel is in some ways, I don’t want to say is missing, but at the same time is something that would add to the richness of the community,” Shalavi said.
cstein@chicagotribune.com
https://www.chicagotribune.com/2026/02/03/atlas-apartments-naperville-route-59/
