Based on extensive collaboration with area community, neighborhood and business groups, the project design will now include:
- 148 apartment units (studio, one and two bedroom)
- 150,000 square feet of retail space
- 405 underground parking spaces
7.7.16 – UPDATE ON ADDISON AND CLARK PROJECT (formerly known as Addison Park on Clark)
Formerly known as Addison Park on Clark, this transit-oriented development will bring 148 apartments, 150,000 square feet of retail space, 405 indoor parking spaces, fitness club, movie theater and new restaurants to this corner of our neighborhood. For up-to-date information on this project, click here.
3.22.16 – UPDATE ON ADDISON AND CLARK PROJECT (formerly known as Addison Park on Clark)
Formerly known as Addison Park on Clark, this transit-oriented development will bring 148 apartments, 150,000 square feet of retail space, 405 indoor parking spaces, fitness club, movie theater and new restaurants to this corner of our neighborhood. Addison & Clark will also enhance the streetscape through the addition of widened pedestrian walkways. The residential portion of the development will be set back from the perimeter of the building where Clark meets Addison, leaving a fourth-floor rooftop, featuring foliage and living green elements visible from street level. It will utilize numerous environmentally conscious products and practices in order to be eligible for LEED certification. Chicago-based Solomon Cordwell Buenz is the architect for the project and the general contractor will be Power Construction.
Addison and Clark is currently in process of revamping their website. Information on construction and timelines will be updated directly on their website here.
2.01.13 – UPDATE ON PROPOSED ADDISON PARK ON CLARK PROJECT
The Addison Park on Clark developers have revised their plans and this is their most recent proposal. The process with the community and City Departments will continue. There are many details that need to be finalized in the Planned Development (PD) process. There will be meetings for additional feedback from the community and neighborhood organizations will be updated on the progress of this project.
About M&R Development
Founded in 1996 by Tom Moran and Anthony Rossi, Chicago-based M&R Development is a developer of luxury, high-end rental apartment buildings ranging in style from garden and mid-rise to urban high-rise. Over the past twenty years, the company has developed fourteen properties with over 3,755 units in greater Chicago.
About Bucksbaum Properties
Chicago-based Bucksbaum Retail Properties (BRP) is a fully integrated real estate developer of mixed-use projects with a primary focus on retail. Understanding the relationship between a high quality of life and the built environment, BRP is incorporating office, residential and hospitality uses into its projects to create a sense of place for consumers, residents and businesses.
Demolition is scheduled to start in the next 1-2 months. Construction is expected to begin in 3-4 months.