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The Residences at Addison & Clark Earns LEED Silver Certification, Sees Strong Leasing And Its New Retail Tenants Open Across from Wrigley Field

April 19, 2019

RMK Management is proud to announce The Residences at Addison & Clark, a 148-unit luxury apartment complex located across the street from historic Wrigley Field, has earned LEED Silver certification from the U.S. Green Building Council (USGBC), contributing to Chicago’s No. 1 ranking in the nation for the most green-certified apartments. The apartment building, located at 1025 W. Addison St. in Chicago’s Lakeview neighborhood, welcomed its first residents in September 2018 and is experiencing strong leasing performance ahead of first quarter projections.

The upscale rental community comprises the upper floors of Addison & Clark, a mixed-use transit-oriented development (TOD) developed in a joint venture between M&R Development and Bucksbaum Retail Properties, offering diverse shopping and entertainment options to complement the area’s sports-centric background. Recent retail tenant openings include a 10,000-square-foot Harley-Davidson showroom with oversized garage doors that open to the street; a 30,000-square-foot Lucky Strike Social bowling and live performance venue, the firm’s second location in Chicago; the city’s first Beerhead Bar and Eatery featuring 50 rotating taps of craft beer, spirits, casual food and live performances; and eateries Shake Shack and Do-Rite Donuts and Chicken. Slated to join the development’s list of premier retail are Cargo Food Authority, an 8,250-square-foot unique dining experience; Cinemex CMX Cinemas, a 10-screen luxury movie theater; a 32,000-square-foot full-service health club and a Kilwins store.

“The sophisticated design and attention to detail that goes along with building a LEED development was something we planned early on in the process,” said Anthony Rossi Sr., president of M&R Development and chairman of RMK Management. “We always wanted to exceed the basic requirements and develop an environmentally-friendly residential and entertainment complex that would elevate the Lakeview experience for both residents and visitors.”

From transforming an underutilized parcel of land in proximity to multiple transit options to using locally sourced materials and diverting construction waste from landfills, The Residences at Addison & Clark scored points in several categories to earn the coveted LEED Silver certification. The building’s green roof with drought-resistant vegetation helps manage storm water runoff and eliminates the need for proactive irrigation; energy-efficient heating/cooling systems maximize indoor air quality; increased levels of insulation and Energy Star® appliances improve energy efficiency; low-flow commodes conserve water; high-performance windows insulate against temperature and noise; and environmentally kind flooring, paints and sealants minimize VOC emissions. A temperature-controlled garage also includes electric vehicle charging stations, meeting a USBGC requirement to provide alternative-fuel stations.

“Earning LEED Silver for this development is about more than construction methods, eco-friendly materials and energy-efficient systems,” said Rossi. “This was a complicated brownfield site with dilapidated structures from the 1880s, contaminated soil, underground tanks and a tangled web of utility lines that pre-dated World War II. We are proud to deliver a best-in-class building with experiential retail and luxury apartment homes, along with improved streetscapes, modernized utility infrastructure and ample parking to benefit the whole neighborhood.”

The TOD earned important LEED credits with its highly walkable location and easy access to public transit. With a walkability score of 92, the development is located just a block west of the CTA’s Red line and steps away from several major bus routes. Additionally, the property provides a complimentary bike sharing system with personal bike storage, and TransitScreen technology to provide real-time mobility information, along with private and public parking options.

“Chicago winters are well known for their brutal weather, which often translates into slow leasing traffic during the fourth quarter. However, the leasing activity at The Residences at Addison & Clark actually heated up during this time,” said Rossi. “The building’s strong performance during the leasing off-season is a testament to its appeal on many fronts – from its location across from beloved Wrigley Field to the impressive amenity offerings to the white glove service from the management team. The Residences at Addison & Clark is a one-of-a-kind offering in Lakeview.”

Floor plans at The Residences at Addison & Clark measure 501 to 1,409 square feet and include studio, one-, and two-bedroom apartments ranging from $1,980 to $4,510. Residences feature floor-to-ceiling windows, hardwood floors in living areas, quartz countertops and stainless steel appliances in kitchens, sizable walk-in closets and in-unit laundry. Residential lobby offerings include a Luxer One package delivery system, coolers for perishable deliveries and Pressbox dry cleaning service.

Inspired by the sports-centric history of the neighborhood, the Residences at Addison & Clark devotes its entire sixth floor to baseball-themed amenity spaces, including the Upper Deck, a rooftop deck with pool, spa and grilling stations; the Training Zone, a state-of-the-art cardio and strength training facility with a separate yoga room; the Diamond Lounge, an indoor residential retreat with community kitchen and event space; the Dugout, a shared technology and co-working space; and the Bullpen, an outdoor dog park.

For more information on The Residences at Addison & Clark, visit www.addisionandclarkapartments.com or call 312-989-7718.

For more information on M&R Development, visit www.mandrdevelopment.com.

For more information on RMK Management, the Institute for Real Estate Management’s 2015 Management Company of the Year, and its portfolio of properties, visit www.rmk.com.

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 seventeen properties with 4,275 units in greater Chicago.

About RMK Management:

Chicago-based RMK Management Corp. manages over 6,200 apartment homes in the Illinois, Indiana, Wisconsin, and Minnesota areas. The company’s portfolio spans a range of apartment types, from high-rise and mid-rise buildings to two- and three-story walk-up apartments, garden apartments and affordable housing. RMK also develops, builds and renovates communities. The Illinois communities are located in Waukegan, Palatine, Schaumburg, Aurora, Naperville, Oakbrook Terrace, Evanston, Wilmette, Chicago, Elgin, Clarendon Hills and Itasca. Communities in Minnesota are located in Minneapolis and Edina, and the Indiana communities are located in Indianapolis and Chesterton. There is also a community in Madison, Wisconsin.

The rooftop recreation area features an impressive array of amenities, along with its eco-friendly green roofs and high-efficiency mechanical systems, which earned the development a LEED Silver designation.