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| 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
