Sunday, March 27, 2016

M&R Development Forms Joint Venture to Develop 297-Unit Residences at Hamilton Lakes in Itasca, IL

Anthony Rossi Sr.
 ITASCA, IL  — M&R Development has entered into a joint venture with Itasca-based Hamilton Partners and equity partner Murphy O’Brien to develop The Residences at Hamilton Lakes, a 297-unit luxury rental community immediately adjacent to the Hamilton Lakes Business Park in Itasca, Illinois.

Slated to break ground this spring, with delivery scheduled for 2017, The Residences of Hamilton Lakes will offer a mix of studio, one- and two-bedroom apartments across three four-story buildings.

Bordered by Prospect Avenue on the east, Arlington Heights Road on the west and Thorndale Avenue on the south, the 10.7-acre community will be the first rental property developed in Hamilton Lakes Business Park, which includes over 3 million square feet of office space, as well as restaurants and two hotels.

“Now more than ever, people want to live close to where they work, as evidenced by all of the residential development occurring in downtown Chicago,” said Tony Rossi Sr., president of Chicago-based M&R Development.

“With the addition of The Residences at Hamilton Lakes – the first development of its kind in the Itasca area since 1990 – thousands of suburban professionals who work in and around the Hamilton Lakes Business Park will finally have a residential option that takes the headache out of their morning and afternoon commutes.

“We’re excited to bring resort-style living to couples, empty nesters, and other renter-by-choice clients in the near western suburbs.” 

For a complete copy of the company’s news release, please contact:

Sara Williams,, (312) 267-4510
Kim Manning,, (312) 267-4527

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