A joint venture of Chicago-based M&R Development and Bucksbaum Retail Properties LLC has announced two high-profile leases at the new Addison & Clark residential and retail center coming to Chicago’s Lakeview neighborhood in 2018. Los Angeles-based Lucky Strike Entertainment will open its second Chicago location at Addison & Clark, while New York-based Shake Shack, Inc. has chosen Addison & Clark as its fourth Chicago-area restaurant.
These two new leases come on the heels of CMX, the seventh-largest cinema chain worldwide with 297 theaters and 2,593 screens, announcing plans earlier this year for a 10-screen movie theater at Addison & Clark. Located directly across from Wrigley Field on the northeast corner of Addison Street and Clark Street, the eight-story transit-oriented development will include 148 luxury apartments and 150,000 square feet of retail space.
“The retail anchors at Addison & Clark will help write the playbook for creating exciting and experiential neighborhoods nationwide and will continue to build on making Lakeview a year-round destination with best-in class dining and entertainment,” said John Bucksbaum, chief executive officer of Chicago-based developer Bucksbaum Retail Properties. “The high profiles of these retailers – Lucky Strike, Shake Shack and CMX – will ensure the stability of this development for the long-term and will give area residents and visitors multiple entertainment options before, during and after the traditionally busy baseball season.”
According to Bucksbaum, Lucky Strike Entertainment will offer a chef-driven menu, private and semi-private function spaces, live music and a premium bowling experience. The Addison & Clark location will occupy approximately 30,000 square feet on the second floor of the complex and serve as a one-stop-shop for patrons of all ages living in, or visiting, Chicago’s Lakeview neighborhood.
Shake Shack, Inc., the popular burger stand, will bring its national reputation for one-of-a-kind burgers, hot dogs and frozen custard shakes to Addison & Clark in a lease occupying 3,500 square feet.
Apartments at the development will offer a mix of studio, one- and two-bedroom floor plans. Additionally, the residential component will include a 5,700-square-foot indoor clubhouse and more than 8,700 square feet of outdoor space, including a pool/spa on the fourth-floor amenity deck. Addison & Clark is already under construction, having broken ground this summer.
