Addison & Clark

 

PROPERTY OVERVIEW

Location: Lakeview (Wrigleyville), Chicago, IL
Retail: 150,000 SF
Multi-Family: 150 Units
Parking Deck: 400 Spaces

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Property Description

Located in the shadows of historic Wrigley Field in the desirable Lake View or “Wrigleyville” neighborhood of Chicago, Addison & Clark is a once in a generation opportunity.  Ideal neighborhood demographics and dense resident population base, unsurpassed mass-transit access and year-round visitor traffic distinguishes Addison & Clark from any other location. Addison & Clark has it all – Be Part of the Action!

Highlights:

  • A World-Class Movie Theater
  • A full-service health and fitness club
  • A Large-scale entertainment use
  • Best-in-class retail and dining options
  • 150 upscale residential units
  • 400-space parking deck
  • Visibility and exposure like no other project!

The market dynamics of Wrigleyville are unmatched. Traffic generators that will drive customers to  Addison & Clark year around include:

  • Wrigley Field – 3+ million baseball fans per year over a 7+ month period (popular destination from out-of-town baseball fans as well)
  • 4+ major concerts per year (likely more in the future)
  • An established dining and entertainment destination in Wrigleyville attracting people from throughout Chicagoland
  • Annual neighborhood fairs and festivals
  • Adjacent to one of Chicago’s busiest train stops accommodating 3+ million riders per year

Population and demographics are equally impressive resulting in an untapped residential marketplace for the savvy retailer:

1-Mile2-Miles3-Miles
2015 Population89,077232,419423,131
2015 Households51,891127,079219,256
Age: 20-34 years40,01089,991151,549
Average Household Income$109,692$107,600$101,476
Average Family Income$230,317$214,977$169,517

The Chicago Cubs Organization and Ricketts Family Development have recognized the overwhelming potential in the Wrigleyville market as well and are investing heavily into the neighborhood including:

  • An open-air plaza for community-based activities such as farmers markets, festivals and concerts as well as ice skating rink in the winter
  • A 175-room Starwood hotel
  • Office and conference meeting space
  • Spa