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ST. CHARLES, IL-The 400-unit AMLI at St. Charles multifamily rental complex will have retail development built next door, according to plans by a buyer of a 3-acre site. Chicago-based Bradford Real Estate Services Corp. plans to build a Walgreen’s drug store and a Boston Market restaurant at the southeast corner of Main Street and Kirk Road in this far west suburb of Chicago.

The retail developer recently bought the site from AMLI Residential Construction, Inc., an arm of the Chicago-based multifamily REIT that has seven other upscale complexes in the market and a total of 3,243 units. Although sales price of the deal was not disclosed, AMLI was asking $1.8 million for the parcel.

The 35-acre AMLI at St. Charles already includes a small retail component, where First American Bank, Panera Bread and a Sweet Tomatoes restaurant have set up shop.

Craig Lillibridge, a senior associate with CB Richard Ellis, represented AMLI.

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