SunRise acquires parcels of land in Uptown/Lakeview
March 10, 2006
Chicago IL. Sunrise Equities is pleased to announce the purchase of 4 parcels near the corner of Leland and Marine Drive. A yet unnamed project is under development and will be the largest project under the SunRise umbrella. The mixed use development plan will call for up to 150 condos and townhomes as well as community retail.
Located just steps from the Lake, in what is known as Chicago’s historic Uptown Neighborhood, the project is nearby recreational parks, bike paths, and jogging trails. The historical, cultural, and commercial center of Uptown is Broadway, only a walk from the project, with Uptown Square at the center. It is adjacent to Weiss Memorial Hospital, a 369 bed hospital with over 900 employees.
Historically a popular tourist destination, the current Uptown Entertainment District is home to various music venues, nightclubs, restaurants and shops. The district is now experiencing a revival, with new establishments opening every year. Uptown Square, at the center of this area, was designated as a National Historic District on the National Register of Historic Places in 2000.
“We are pleased that the plans for Leland Square are moving according to schedule. The closing of the property is an important step as we can now shift our focus to to the actual development of the property .” said Fawad Butt COO.
According to Executive VP Amjed Mahmood, “the acquisition of 4 individual parcels in close proximity gives us a unique opportunity to create a community within a community in one of Chicago’s most desirable areas.”
For more information please contact the main office:
SunRise Equities, Inc
6355 N Claremont
Chicago, IL 60659
Phone: 773.338.0818
Fax: 773.338.0813
Email: info@sunriseequities.com
