About Marquette Companies
Rooted in a rich history of land, commercial and apartment development, Marquette has emerged to become an operating partner that institutional investors trust, and understand the value that the Marquette team brings to any real estate investment.
Marquette was founded in 1983 and quickly became a large regional developer of mixed use and multi-family projects in the Chicago market, including River Place and Country Lakes in Naperville and Green Trails in Lisle. Today, Marquette has emerged as a private real estate company committed to investment excellence in underperforming and undervalued real estate assets across the United States. Additional current projects are in Chicago and suburbs, Houston, Dallas, Fort Worth and Galveston Texas, Denver Colorado, Kansas City, Ann Arbor Michigan and Mishawaka Indiana. Throughout its 30 year history, Marquette has proven to be a company that can uncover outstanding opportunities and apply its talents to adding value in a myriad of ways.
New development includes:
Catalyst CHICAGO, IL
Marquette broke ground in March of 2013 on a 223-unit, 19-story apartment building with 14,296 square feet of ground floor retail space of which approximately 89% is pre-leased to a credit tenant. The property is located at 630 W. Washington at the highly trafficked intersection of Washington and Des Plaines. Aside from the retail space, the property will have a 161-space private parking garage situated above the retail space and below the residential units. The property will have high end finishes, a resort-style rooftop pool, other 19th floor luxurious amenities as well as an outdoor deck on the 4th floor. Catalyst is located in the Near West Loop neighborhood, which has proven to be one of the fastest growing rental markets in the city.
Block 52 HOUSTON, TX
Marquette anticipates breaking ground in the second quarter of 2014 on a 364-unit, 29-story apartment building with approximately 7,700 square feet of ground floor retail/restaurant space in downtown Houston. Aside from the retail space, the property will have a 589-space private parking garage situated above the retail space and below the residential units. The property will have high end finishes and two amenity floors including a full-size, resort-style rooftop pool and other luxurious amenities. The building will be delivered in Summer 2015.
Randall Highlands NORTH AURORA, ILLINOIS
Marquette Companies celebrated the Grand Opening in Fall, 2013 of a 146-unit, townhome style, 29 building apartment community. The land is located just north of the I-88 technology corridor at the highly visible intersection of Orchard Road and Randall Road in North Aurora, Illinois. The project creates a superior lifestyle for-rent niche compared to other conventional apartment products due to the attached 2-car garages, four-unit and six-unit building types, two-story living, and 2 to 3 bedrooms, 2.5 bathrooms. The project will also include a 2,791 sq. ft. clubhouse featuring a fitness center, two leasing offices, great room, kitchen, barbecue area, sundeck and swimming pool along with an existing 5.3 acre park site.
Algonquin Square ALGONQUIN, IL
Marquette Companies, broke ground in the fourth quarter of 2012 on a 220-unit, 11 garden unit building apartment community. The land is located just off the Randall Road transportation corridor in Algonquin, Illinois. The property is entitled for an additional 60 apartment units and a 24,000 sq. ft. retail parcel that can be added to the project. The 16.75 acre property is located adjacent to the Algonquin Commons, which is a 600,000 sq. ft. retail lifestyle center with extremely popular dining establishments.
About Water Street District
Marquette Companies is slated to break ground in late Spring 2014 on the Water Street District in downtown Naperville, located along the famed Riverwalk. The site consists of 43,562 sq. ft. of retail and restaurants, a 158-room hotel with rooftop dining, a 524-space parking garage, and 13,381 sq. ft. of office space. The Water Street District is surrounded by distinctive amenities, and showcasing 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 stay, work, shop and dine.
The project has been in development from the initial land acquisition, begun in 2006. At the time, the developers conducted focus groups, engaged in a design charrette and developed pattern books based on world-wide architectural vernaculars, establishing a variety of design visions to discuss with Naperville City planners, City Council and the community. The project was proposed in compliance with the 2006 Water Street District Study Area Vision statement as developed by the City Planning Services Team. The plan called for a walkable European-style streetscape featuring plazas, walkways and gathering areas along the riverfront. Original uses included first-floor retail, restaurant, office and luxury condominiums above.
With the recession and downturn in U.S. residential sales, the project was revisited in 2010 with a revised proposal for 62 apartments instead of condominiums. Ultimately, community and official responses discouraged the residential use at Water Street, which prompted Marquette to revise their proposal again in December 2012 with the elimination of residential units. A January 2013 open house organized by Marquette invited public comment on the project, including a 160 room hotel and a 524 space parking garage. A comprehensive traffic study addressed peak-time traffic flow and proposed controls. Following the open house, which was attended by over 300 citizens, resulting project updates were designed to meet the guidelines and spirit of the Naperville Downtown 2030 Plan. That $85 million project, with subsequent revisions to the height of buildings and agreed-upon business terms, was approved in March 2013.
The successful approval of the project can be credited to the cooperation and open dialogue between Marquette staff, architects and engineers and Naperville City Staff, Planning and Zoning Commission, City Council, Naperville Development Partnership, Downtown Naperville Alliance, Naperville Area Chamber of Commerce, and the community.
Impact of Water Street Development
The Water Street District will revitalize Water Street and return it to a thriving commercial and hospitality hub for the community, as it was in the Market Days era of the Pre-emption House. Development of the south bank of the DuPage River and extension of the Riverwalk on the property will create new gathering and recreational use for the community and visitors.
Expanded parking opportunities on the south end of Downtown will enhance traffic flow and pedestrian access to the central business district. In addition, the development will provide a natural gateway from Downtown to Naper Settlement, thereby encouraging residents and visitors alike to immerse themselves in the heritage of the community.
Complete renderings of building and garage elevations as well as a summary of anticipated amenities can be viewed at www.waterstreetcommunityinfo.com.
Groundbreaking is planned for late Spring 2014. Building is projected to take approximately 18 months. It is hoped that the Hotel Indigo Naperville on the Riverwalk will be open in late 2015. Many individual tenants should be completing buildouts by late in the year as well.
Hotel Indigo Naperville on the Riverwalk
As of February, 2014, the Water Street District will include the 158-room Hotel Indigo Naperville on the Riverwalk, , an upscale boutique hotel set to open in 2015, as the anchor for the mixed-use retail, restaurant and office development on the south end of Naperville’s central business district. The Indigo brand was chosen specifically because it provided the best boutique brand standards, with competitive rates, and a robust international reservation system. The community voiced its insistence that the hotel offer the best brand standards, and we hope that the Hotel Indigo Naperville will project flagship status for the Intercontinental Hotel Group.
Hotel Indigo Naperville will bring high-end amenities and national- brand caliber customer service for business and leisure travelers alike. The Naperville hotel will consist of approximately 160 rooms, located on both sides of Water Street, including a total of 37 suites from Riverfront King Suites to Honey moon Suites. The second- floor lobby on the north side Water Street will feature a great room with fireplace, a bistro-style dining area and wine bar.
A pedestrian bridge will also give hotel guests access to the Loggia Building with Riverfront rooms and suites as well as banquet accommodations, three intimate meeting rooms that can accommodate from 15 to 60 and a rooftop restaurant, overlooking the river and downtown Naperville. It will be a major attraction for guests and visitors who can experience Naperville’s extraordinary downtown panoramic views.
Every Hotel Indigo property is uniquely designed to reflect the culture, character and history of the surrounding neighborhood. Each hotel’s neighborhood story is woven throughout the guest experience, from the locally sourced food and drinks, to the art, photography and architecture incorporated into the hotel’s design. Oversized and interpretive photographic murals of local imagery are featured in public spaces and guest rooms, which feature plush bedding, hard-surface flooring with area rugs and spa-inspired bathrooms.
While specifics of design and interiors are in process as of February 2014, Marquette Companies and designers from Gettys, an international hospitality design firm headquartered in Chicago are teaming up with curators from Naper Settlement in researching the community history and neighborhood vernacular they will consider in designing the new Hotel Indigo Naperville on the Riverwalk.
The team from Gettys is working to capture the flavor and the heritage of Naperville, exploring themes including the river, transport, trade, culture and personalities of the community. Designers have met with the curatorial staff, explored Naper Settlement, studied archival materials, the Les Schrader collection and artifacts of Naperville history in developing their vision for the experience of the Hotel Indigo Naperville.
Chris McDonough, AIA, Design Director for Gettys says “Much like the Pre-Emption House, this hotel will be a gathering place for the community. The variety of public spaces, outdoor areas and unique rooms including those overlooking the river, will allow us to create a number of experiences for guests.” McDonough adds, “The buildings themselves will give a nod to history, and there are so many opportunities to develop the connection between past, present and future. We will be storytelling through a rich history that will influence a fairly modern interior. You won’t see any cookie-cutter design here, this hotel will have a soul.”
Restaurants, Retail and Outdoor Amentities
Restaurants coming to the Water Street District reflect the best in local and national in-demand concepts, and have been chosen for their diversity and quality, providing proven creative approaches and unique dining experience to the Naperville dining scene.
To date, Bien Trucha, a tremendously popular Mexican small plate restaurant based in Geneva, Illinois and Blue Sushi Sake Grill, a sophisticated concept headquartered in Omaha with locations in Denver and Fort Worth have signed on at Water Street and additional dining options are in negotiation, including dining venues on the Riverfront and on the rooftop of the Loggia Building.
Bien Truche has garnered much positive press in their Geneva location, offering a wide variety of handmade tacos, casualitas, homemade salsas, guacamoles and seviches of the day as well as a variety of margaritas and saneritas, served in an intimate, high energy room.
Blue Sushi Sake Grill will bring a fresh take on the traditional sushi dining experience. Group diners will savor a menu designed to be enjoyed tapas style, offering traditional and creative sushi paired with Asian-inspired starters, entrees and desserts. Sake Bombers Lounge offers a stimulating escape, offering a drink menu of house-infused vodkas, craft cocktails, martinis and a large selection of premium cold sake
Visitors to Water Street can look forward to a mix of national and local fashion brands, gourmet foods and other sought-after retailers in 40,000 square feet of the District.
In addition to plenty of outdoor seating areas, an impressive fountain feature and staircase leading to the Riverwalk, guests can look forward to strolling on the Boardwalk on the property along the south side of the DuPage River, crossing the Webster Street covered bridge into the central Downtown, and following the designated streetscape designed to invite them up Webster street to Aurora Avenue and the Pre-Emption House entrance to Naper Settlement.