M&R Development, Bucksbaum Retail Properties to Develop Mixed-Use Project in Chicago

by Katie Sloan

Chicago — A joint venture between M&R Development and Bucksbaum Retail Properties LLC has acquired a 2.3-acre site in Chicago’s Lakeview neighborhood for the future development of Addison & Clark, a mixed-use retail and multifamily property.

The development, slated for completion in 2018, will contain 148 luxury apartment units and 150,000 square feet of retail space across from Wrigley Field.

Demolition of existing structures will take place over the next two months. The retail component, which will be located on the first three floors, will contain a multi-screen theater, health and fitness club and several dining options.

Addison & Clark will offer a mix of studio, one- and two-bedroom apartments.

The transit-oriented building will be located a block west of the Chicago Transit Authority’s Red Line and will also feature a 405-space parking garage. Solomon Cordwell Buenz will design the LEED-certified building, and Power Construction will serve as the general contractor.

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