VVI recently sold the Midway Square Shopping Center in Addison to ADLI Residential. The center, located at 14833 Midway Road, will be redeveloped and integrated into AMLI’s Treehouse mixed-use development.
Originally built in the early 1980s, maintaining the Midway Square Shopping Center became increasingly challenging over time.
The sale was brokered by Younger Partners Executive Vice President Ben McCutchin and Consultant Sam Kartalis.
According to McCutchin, “The shopping center had aged significantly and would have required a substantial investment for updates. The owners decided it was best to sell it and saw potential for it to be incorporated into AMLI’s neighboring development.”
AMLI plans on demolishing the existing structures on the site which are over 40 years old. This will allow them to seamlessly integrate this new property into their AMLI Treehouse project located south of this site.
Construction is set to begin soon with residents expected move-in during first half of 2026 followed by completion in mid-2027. Upon completion, there will be a total of 570 luxury apartments along with standalone retail space spanning approximately12,500 square feet within this vibrant community.
Dated Retail Complex in Addison Set for Revitalization Under New Ownership
In an effort towards revitalizing its portfolio assets,VVI has successfully offloaded its aging retail complex -Midway Square Shopping Center- situated at prime location near Addison town centre.The buyer ADLI Residential intends redevelopmentofthe dilapidated structure as part of their ambitious mixed-use project ‘Treehouse’ adjacentto VVI’s former property onMidway Road (14833).
Built nearly four decades ago,the once bustling shopping hub gradually lostits charm due tomaintenance challenges.Younger Partners’ Executive VP Ben McCutchinand consultantSam Kartalishandledthe transactionon behalf of VVI.McCutchinalso revealed that significant capital infusion would have been required to bring the center up-to-date, prompting VVIto put it on sale. The company believes that ADLI’s ongoing development next door is a perfect fit for their former property.
AMLI will soon commence demolition of old structures and incorporate the site into its Treehouse project which boasts 570 upscale apartments and standalone retail space spanning over 12,500 sq.ft.Once completed by mid-2027,the community will offer an unmatched living experience with modern amenities in close proximity to Addison’s bustling town center.
