Tuesday, March 22, 2016

M&R Development and Bucksbaum Retail Partners Acquire 2.3-Acre Site in Chicago’s Lakeview Neighborhood for Addison & Clark Development

Anthony Rossi Sr.
CHICAGO, IL — A joint venture of M&R Development and Bucksbaum Retail Properties LLC announced it has acquired  a 2.3-acre site at the southeast corner of Addison and Clark streets in Chicago’s Lakeview neighborhood.

This acquisition marks the next step in transforming the property into Addison & Clark, a mixed-use development directly across the street from Wrigley Field.

 Scheduled for completion in 2018, the project will include 148 luxury apartments and 150,000 square feet of retail commercial space. 

Demolition of the existing structures on the site will begin in the next 30-60 days, with construction of the new transit-oriented development slated to begin immediately after.

“A lot of great things are happening both inside and outside Wrigley Field,” said Anthony Rossi, Sr., president of Chicago-based M&R Development. “Just as the Cubs are projected to have one of their best seasons in history this year, we feel Addison & Clark will hit it out of the park, too, raising the bar for residential and retail options in the area.”

A developer and owner in high-profile developments like NEWCITY in Chicago’s Clybourn corridor and The Maxwell in the city’s South Loop, Bucksbaum Retail Properties will co-develop and head up leasing for the 150,000 square feet of commercial retail space located on the first three levels of Addison & Clark.

In addition to a multi-screen theater and full-service health and fitness club, the development will include best-in-class retail and dining options.

  For a complete copy of the company’s news release, please contact:
Sara Williams, swilliams@taylorjohnson.com, (312) 267-4510
Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

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