MACK Companies Purchases Fay’s Point, a 27-Acre Master-Planned Marina Community in Blue Island, IL

  

     

                                  Fay's Point townhomes rendering, Blue Island, IL

  CHICAGO,  – MACK Companies, one of the largest redevelopers of single-family investment properties in Chicago, has announced the purchase of Fay’s Point, a 27-acre development in Blue Island, Ill., just 15 miles south of Chicago.

James McClelland

Framed by the Little Calumet River, Fay’s Point is a marina community developed in 2006. The site is located just off of I-57, with close proximity to two Metra Rail stops and just minutes from a number of major retail outlets.  Fay’s Point is located at 1522 Broadway in Blue Island

The site includes 30 existing townhomes, home sites for 44 new-construction townhomes, five lots capable of up to 236 new multifamily units, and a marina with more than 80 boat slips.

 “We’re getting back to our roots with building ground-up, new construction residential properties,” said James McClelland, president and CEO of Tinley Park, Ill.-based MACK Companies.

Eric Workman

 “Before establishing MACK, I spent 16 years acquiring land and building new homes. For me, it is very exciting to once again deliver quality homes to a market that is prime for new residential product. This project is a perfect extension of our core business and continues our mission to raise the quality of life of our customers, whether they are renters or homeowners.”

 The project will be developed under MACK Estates, a division of MACK specializing in for-sale properties – both redeveloped luxury foreclosed homes and ground-up construction. MACK Estates was established in 2012, when the firm acquired more than a dozen foreclosed luxury single-family homes that it redeveloped and sold.

 “Given Chicago’s lack of quality for-sale inventory, there is no denying the pent-up demand for new construction in the market, and we’re starting to see it really accelerate with the addition of new households,’” said Eric Workman, vice president of sales for MACK Companies.

“MACK is committed to providing affordable single-family home options with the latest amenities near quality schools in strong communities. We are well-positioned as a company to seize the opportunity the market is giving us, while continuing that commitment with large-scale developments such as Fay’s Point.”

For more information on Fay’s Point, call 630-408-5582.

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

Mark Thomton,

mthomton@taylorjohnson.com,

312-267-4523

www.mackcompanies.com