Property Overview
Location: Lakeview (Wrigleyville), Chicago, IL
Retail: 150,000 SF
Multi-Family: 150 Units
Parking Deck: 400 Spaces
Property Website HERE
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:
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1-MILE
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2-MILES
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3-MILES
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|---|---|---|---|
| 2015 Population | 89,077 | 232,419 | 423,131 |
| 2015 Households | 51,891 | 127,079 | 219,256 |
| Age: 20-34 years | 40,010 | 89,991 | 151,549 |
| 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