Multifamily N Illinois
RMK Management has begun pre-leasing for the 148 luxury rentals at The Residences at Addison & Clark. The apartments are located above the new mixed-use Addison & Clark development across from Wrigley Field in Chicago.

The Residences at Addison & Clark begin pre-leasing in Wrigleyville

RMK Management Corp. announced that pre-leasing is underway at The Residences at Addison & Clark, a new 148-unit luxury rental development positioned at the southeast corner of Addison and Clark streets in Chicago’s Lakeview neighborhood. Located across the street from Wrigley Field, The Residences comprises the upper floors of Addison & Clark, a mixed-used development that will offer diverse shopping and entertainment options to complement the area’s sports-centric background. First move-ins will be welcomed in early September.

Office N Illinois
Shovel-ready West Loop parcel hits the market

Shovel-ready West Loop parcel hits the market

NAI Hiffman has released the investment offering of the land parcel known as 450 North Morgan Street on the north side of Chicago’s booming Fulton Market District. Chicago commercial developer, MAB Capital Management, LLC, currently owns the site and over the past two years of its ownership has created value at the property through the demolition of the previously existing building, rezoning the site to B2-3 and obtaining site permitting for a mixed-use, 55,000-square-foot office and retail asset with indoor parking.

CRE N Illinois
Kyle Kalkofen;Greystone

Greystone expands national small loan business

Commercial real estate lending, investment and advisory company Greystone has expanded and re-focused its team dedicated to serving the small loan business. As part of the expansion, Greystone named dedicated regional market leaders and added loan originators around country, including Kyle Kalkofen in the Chicago office.

CRE N Illinois
Six factors for a successful public-private partnership

Six factors for a successful public-private partnership

In June, the Chicago Infrastructure Trust announced a high-profile partner had come aboard one of the city’s most anticipated projects, an express rail line connecting downtown and O’Hare International Airport. The Boring Company—headed by the decidedly not-boring Elon Musk, of Tesla and SpaceX fame—was selected from a group of four firms to design, build, finance and operate the train. While no official price tag has yet been declared, the Chicago Tribune reports that Boring has estimated the cost would not exceed $1 billion.

Multifamily N Illinois
The rooftop Aqua Lounge includes fire pits, grilling stations and a bar area overlooking Lake Michigan.

Eleven40 apartment tower celebrates grand opening

CA Residential LLC, the multifamily investment and development arm of Chicago-based CA Ventures, together with joint venture partner K Giles LLC and equity partner Diamond Realty Investments Inc., recently celebrated the grand opening of Eleven40, a mixed-use, transit-oriented development located at 1140 S. Wabash Ave. in Chicago’s South Loop.