Mavrek acquires retail building at 12 W. Maple

Chicago-based developer Mavrek recently announced their acquisition of 12-16 W. Maple, a 20,000-square-foot, four-story building located near the intersection of N. State St and W. Maple St in the heart of Chicago’s Gold Coast. 

Mavrek plans to renovate the building and reposition it as a modern, flexible space designed to attract premier retail and office tenants. The property offers 75 feet of frontage along Maple Street, providing exceptional visibility in a high-traffic, pedestrian-oriented location.  The building is currently occupied in part by CorePower Yoga on the fourth floor.

The Gold Coast continues to be one of Chicago’s most dynamic neighborhoods, home to the highest concentration of luxury retailers, premier hotels, and acclaimed restaurants. Surrounded by iconic destinations such as Gibsons Bar & Steakhouse and Oak Street’s designer boutiques, including Hermès, Dior, and Chanel, 12-16 W. Maple offers extensive access to consumers and a thriving pedestrian environment.

Mavrek has engaged Mid-America Real Estate Group to lead leasing efforts, citing the firm’s extensive experience in the market and strong relationships with top-tier tenants. 

“We’re thrilled to partner with Mavrek on the repositioning of this exceptional Gold Coast asset,” said Paul Bryant, Principal at Mid-America. Brendan Reedy, Principal, added, “12-16 W. Maple provides a rare opportunity for brands to secure space in Chicago’s most coveted retail corridor.”