Banner Real Estate Unveils The Faywell Project: A New Living Experience in Wheaton

Banner Real Estate Group Launches The Faywell Project in Wheaton

Banner Real Estate Group announces the successful closing of its latest development initiative, The Faywell, located at 220 W. Liberty Drive in downtown Wheaton, Illinois. This project, which has been nearly five years in the making, focuses on enhancing the local living experience through the construction of 334 Class A multifamily units. Strategically positioned adjacent to the Metra Union Pacific West station, The Faywell aims to provide convenient access to Chicago while integrating quality residential living into the community. With construction currently underway, the first move-ins are anticipated for Fall 2026.

The Faywell development emphasizes a community-oriented approach, featuring a range of amenities designed to enrich residents' lifestyles. Key facilities include a resort-style swimming pool, a state-of-the-art fitness center, and a coworking lounge, fostering both relaxation and productivity. The project also promotes sustainable transportation options with ample bike parking, along with direct access to the popular DuPage County Prairie Path, encouraging outdoor activities and connectivity. CEO Bob Flannery underscores the importance of this project not only for Banner Real Estate but also for the City of Wheaton, as it aims to enhance the vibrancy and overall quality of life in the area.

In addition to residential offerings, The Faywell incorporates a ground-floor retail space that will feature Egg Harbor Café, a beloved local establishment returning to its original location. This integration of commercial and residential spaces is part of Banner’s strategy to create a holistic living environment that meets the needs of both residents and the local community. Key partners in this development include PNC Bank, JLL, W.A. Randolph, Inc., BKV Group, and CAGE Engineering, Inc., showcasing a collaborative effort to bring this vision to fruition.

Beyond The Faywell, Banner Real Estate Group continues to focus on its core mission of acquiring, managing, and developing multifamily and industrial properties across the United States. Founded in 1989 and based in Chicago, the company prioritizes capital preservation and value creation, ensuring sustainable growth in its projects. The successful launch of The Faywell marks a significant step in not only expanding Banner’s portfolio but also in contributing positively to the communities it serves.

With the projected completion timeline and the thoughtful design of The Faywell, Banner Real Estate Group stands poised to set new standards in urban living, fostering both community engagement and high-quality living standards in Wheaton. The firm’s commitment to enhancing the local environment aligns with its broader vision of creating valuable, integrated spaces that benefit residents and businesses alike.