Marc Realty Residential (MRR) continues to gobble up raw capacity for apartment conversions, adding a seven-story Printers Row warehouse to its portfolio. The former printing facility offers 95,000 square feet, "strong bones", and the likelihood of future condo conversion. It sold for just $4.2M and will accommodate between 80 and 90 small apartments. MRR Principal David Ruttenberg tells Crain's he will spend about $13M renovating for a June 2014 opening. MRR has been scooping up distressed and neglected properties all over town including, recently, a vacant South Loop office building. The venture's holdings total some 1,500 units, not counting those to be built. [Crain's, previously, photo: CoStar Group]
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