News

Another construction crane is about to rise in the Fulton Market District after a local developer secured financing for a 263-unit apartment project on the neighborhood's west end. Marquette plans to break ground Jan. 8 on the 14-story building at the southwest corner of Lake and Ada streets.

Progress on the mixed-use residential and retail development currently under construction in Downtown Lisle should be even more evident in the coming weeks, as pre-cast columns and walls begin to go up at the site.

Marquette Cos. is nearing completion on the Catalyst, a new luxury apartment tower in downtown Houston. The Naperville, Illinois-based multifamily company gave the Houston Business Journal a sneak peek inside the 359-unit apartment project, which features a 28-story tower connected to an eight-story wraparound midrise with a rooftop amenity deck.

The company is looking to acquire new properties in Minneapolis, Chicago, Texas, Denver and Phoenix throughout 2017. Marquette Cos. had a successful 2016 with developments, acquisitions and dispositions totaling more than $700 million in the multifamily sector.

After almost 10 years and $93 million, a redevelopment effort massive even for Naperville and its vaunted downtown takes center stage this week. The Water Street District brings the downtown its first hotel in modern times, creating a hospitality destination with a wedding reception and banquet space.