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| 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,
swilliams@taylorjohnson.com, (312) 267-4510
Kim Manning,
kmanning@taylorjohnson.com, (312) 267-4527
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