In November 2014, Marquette broke ground on Catalyst Houston, a 359-unit, 28-story luxury high-rise apartment building in downtown Houston with approximately 7,400 sq. ft. of ground floor restaurant space for Houston’s famed Irma’s Restaurant. Marquette is utilizing the Downtown Living Initiative (Chapter 380), which is effectively a development grant provided to the first 5,000 units to be developed in downtown Houston and the project will receive a $5.4 million benefit from the grant. Catalyst Houston encompasses a city block on the northeast side of the Houston CBD and is situated one block from Minute Maid Park. Catalyst features modern high-end finishes including floor-to-ceiling windows and has various amenities throughout the building, offering residents a unique experience on several floors with sweeping views of downtown Houston. The project is slated to deliver units in the summer of 2017.
In March 2013, Marquette broke ground on a 223-unit, 19-story luxury high-rise apartment building in downtown Chicago’s West Loop neighborhood, which has become one of Chicago’s most vibrant neighborhoods within walking distance to some of the city’s best restaurants and nightlife. The project completed construction in July 2014 and opened its doors at 47% preleased and reached stabilization nine months later. In October 2015, Marquette joint-ventured with an institutional partner to successfully recapitalize the property with the intention of ensuring a longer-term hold period and investing capital to further the life of the asset. Catalyst Chicago represents the first in Marquette’s signature Catalyst Collection development portfolio. The building features approximately 13,500 sq. ft. of street-level commercial space, private structured parking, rooftop pool, fire pits, grilling stations, state-of-the-art fitness center and yoga studio, resident lounge with demonstration kitchen, private conference room, and a dog run on the fourth floor outdoor deck.
In the spring of 2016, Marquette began construction on a 202-unit, four-story over ground-level retail mid-rise wrap in downtown Lisle with approximately 14,500 sq. ft. of commercial space and structured parking. Marq on Main represents the first luxury apartment community in Lisle, and will feature modern high-end finishes including stainless steel appliances, quartz countertops and eco-friendly wood flooring. Marq on Main is conveniently located in historic downtown Lisle and is set among the newly revitalized retail and restaurant district. This transit-oriented development is located steps from the Lisle Metra station, offering residents direct access to downtown Chicago. The project is slated to deliver first units in the spring of 2018.
Marquette broke ground in the fourth quarter of 2014 on the Water Street District in downtown Naperville located along the famed Naperville Riverwalk. Water Street District consists of approximately 40,500 sq. ft. of retail and restaurants, a boutique 158-room Hotel Indigo with rooftop dining, a 524-space public parking garage, and nearly 14,750 sq. ft. of office space. The district is surrounded by distinctive amenities and showcases a unique blend of traditional European character and fashion-forward style. Water Street promises to be one of the most coveted Chicagoland locations in which to live, work, shop and dine. Water Street District’s anchor tenants include: Hotel Indigo, Elements Events, Southern Tide, Quiubo, Santo Cielo, SixtyFour – A Wine Bar, Blue Sushi Sake Grill, London Skye and Sparrow Coffee.