The October Tenant Advisory Group Executives Breakfast and Executives Luncheon saw quite the turnout! Attendees from a variety of industries came together to build their individual networks and learn how they can work together to enhance their business results. Thanks to all who attended!
TAG Executives Breakfast Guest List
Faheem Ahmad, COO, Technical Doctor
Sam Barhoumeh, Managing Director and CEO, Ready Networks
Rob Bisceglie, CEO, Action for Healthy Kids
Jon Borg-Breen, Co-Founder, Symbiont Group
Erryn Cobb, Co-Founder, Fetch Public Relations
Gina Cocking, Managing Director, Colonnade Securities LLC.
Kim Eberl, CEO, Motion PR
Jonathan Eisler, Managing Director, Perspectives Organizational Consulting Group, President, Association of Consultants to Nonprofits
Adam Glazer, Managing Partner; Schoenberg, Finkel, Newman and Rosenberg, LLC
Mitchell Gordon, Co-Founder, Bradford and Gordon, LLC
Jeff Hirner, Founder and COO, One North Interactive
Eric Lazar, Partner and Lead Evangelist, SpeedPro Chicago Loop
Stephanie LoVerde, Jameson Sotheby’s
Tyler Mose, CEO, Indirap Productions
Sagar Pandaya, CEO, Middleground
Grigory Pekarsky, Managing Broker and Partner, Vesta Preferred Realty
Dan Porcaro, CEO, Porcaro, Stolarek and Mete, LLC
Jason Randolph, CEO and Founder, Savant
Paul Raya, Attorney, Cook Alex
Scott Seagren, Vistage Chair
Robert Szafaraowicz, Vice President, Buzz
Jeremy Waitzman, Partner, Walker Morton LLP
Michael Ward, Riley, Safer, Holmes and Cancila LLP
Greg Woodard, Principal, Solve
TAG Executives Luncheon Guest List
Jon Adler, Managing Partner, Adler Law
Stuart Baum, President, LargePond Marketing
Bob Berland, President, Berland Communications, Co-Founder, Hire Elite Athletes
Bill Bolotin, Partner, Funkhouser, Vergosen, Liebman and Dunn
Brad Factor, President, Chicago Messenger Service
Jerry Holisky, Managing Partner, AGDG
Rashod Johnson, President and Owner, Ardmore/Roderick Group
Michael LaVista, CEO, Caxy Interactive
Kim Robinson, President, Frontline
Sapan Shah, CEO, Flagship
Ann Simms, CFO & COO, American Planning Association
Karen Villaflor, President, Algonquin Bank
The South Loop, River West and West Loop each have taken their turn as being Chicago’s “it” neighborhood. Now it’s time to turn our eyes towards the Clybourn Corridor, the thin strip of land on the western edge of Lincoln Park between Clybourn Ave. and the Chicago River. This area already serves as a main shopping destination for Northsiders, and the recent addition of Newcity is part of a continuing trend in this area. There are many developments currently in progress with many more slated to come online for the near- and long-term future.
The Clybourn Corridor is currently exploding with new developments planned and in progress. Despite the rising vacancy rates from the influx of new buildings, retail rent has remained steady and even reached higher levels in recent years. This stretch of well-located land is continuing to attract businesses, both large and small, and they are not shying away from the increasing rents. With retail, professional and residential buildings on the dockets, the Clybourn Corridor has the attention of the city.
Room to Grow
In the last five years, over two million square feet of commercial real estate space has come online with over 1,000 new residential units. Even with the high amount of proposals, there is plenty of room for development and redevelopment in the Clybourn Corridor. Most famously, the Finkl & Sons steel plant is one of the headlining redevelopment projects. Sterling Bay has recently unveiled their vision for the redeveloped Finkl & Sons steel plant which includes a mixture of office, retail and residential buildings to be built on over 30 acres of riverfront property.
A Fresh Start
One driving factor behind the surging demand to reshape the Clybourn Corridor is its ability to act as a blank canvas. Large developers are purchasing old properties with dated buildings and redeveloping these sprawling sites into efficient retail, office and residential buildings. Its extreme demand is also fueled by the dense nearby population and affluent neighborhoods near the Clybourn Corridor, which attracts shoppers and businesses. Additionally, Metra plans to update their Clybourn train station to match the rapid updates the area is receiving. The proposals to revamp the community expects to draw a large, new employment base and add thousands of residents, all creating a positive influence on Chicago’s economy.
Chicago’s real estate industry continues to grow as a plethora of new buildings come online each year. The city’s lively entertainment scene, attractive amenities and its role as a booming international business hub make it a highly sought after location for corporations, and the employees who work for them. It will be exciting to watch the plans for the Clybourn Corridor unfold into a redeveloped, bustling stretch of Chicago.