Every year, Chicago's CRE industry fills a room to fight hunger and celebrate the people building this city. Today, Farpoint sponsors the 38th Annual Chicago Commercial Real Estate Awards at The Old Post Office. Looking forward to celebrating our industry peers.
#ChicagoCRE #ChicagoFoodBank
Some relationships start in a boardroom. This one started on a fairway. ⛳️
Farpoint Principal Alex Katz with Brett Landes, Austin Landes, Caleb Landes, and Chris Bodnar — the partners behind Farpoint's structured financing on the Silver Cross Hospital acquisition.
Good golf. Better company!
#FarpointDevelopment #CRE #HealthcareRealEstate #TheLandesGroup
In 2024, 939 W. North Avenue sat roughly 50% vacant in one of Chicago's strongest retail corridors and most notable neighborhoods.
Farpoint and MCZ acquired the building and put a new strategy in place: diverse medical and wellness tenants on floors two through eight, with TJ Maxx anchoring the ground floor in its first Lincoln Park location. The 1990s-era building received license plate reader parking, digital wayfinding, and updated elevator systems.
939 W. North has now been nominated for the Illinois Real Estate Journal's 2026 Real Estate Award in the Mixed-Use Property category. Last year, ILREJ named Farpoint Developer of the Year and Regina Stilp Executive of the Year.
On June 4th, we hope to make it two years in a row 💪
#LincolnPark #ChicagoRealEstate #MixedUse #ILREJ
A 60,000 SF, 20-year lease is a vote of confidence. Candy Hall of Fame just signed one at our 830 N. Michigan project on the Magnificent Mile.
That kind of commitment is indicative of a broader shift.
State Street vacancy dropped from 35% to 28.8% in the last year. 45 new businesses opened in the Loop in 2024, with 26 more on the way. Barnes & Noble and Gap are both returning to the corridor.
At last week's sold-out Chicago Loop Alliance summit, the conversation was about what accelerates this: office-to-residential conversions, hotel conversions, and experiential tenants that give people a reason to come Downtown. Commissioner Ciere Boatright called it a "both and" moment, more residents and more visitors driving private investment back into the Loop.
Chicago has been having some version of this conversation since the first State Street framework plan in 1983. This time, the leases are backing it up.
Read more here:https://loom.ly/v8am5NM
Chicago wins again.
NCSA/Candy Hall of Fame Experience has chosen 830 N. Michigan Avenue as its permanent home: 60,000 square feet across multiple floors and a 20-year lease. It is the largest leasing commitment the Magnificent Mile has seen in over a decade.
The reason Chicago won? This city established the candy industry. Ferrara, Mars, Brach's, Tootsie, Wrigley. Milton Hershey found his chocolate inspiration here at the 1893 World's Fair. It only seems right that the hall of fame is coming home.
In the past six months, 830 N. Michigan has added Hotel Chocolat's U.S. flagship, a JPMorgan Chase flagship, and now the Candy Hall of Fame Experience. This is what we mean when we and our partners at Saxony Capital, Josh Mintzer say we believe in this corridor and in our city.
#MagnificentMile #ChicagoRealEstate #CRE #CandyHallOfFame
Congratulations to our spring intern Zach Zella and the entire 1837 Collective from Roosevelt University (@rooseveltu ) for taking first place in the Graduate Division at the Eisenberg Foundation's 16th Annual Real Estate Challenge this weekend!
Zach interned with us at Farpoint through Roosevelt's Marshall Bennett Institute of Real Estate, and watching him compete alongside his teammates on one of the most high-profile development sites in Chicago was a proud moment for all of us.
27 university teams worked on the same 8-acre parcel at The 78, and the quality of their critical thinking was outstanding. Over 16 years of this competition, Roosevelt is the only university to have won at both the undergraduate and graduate levels, and they hold the most combined victories of any school in the event's history.
Our co-founding principal Regina Stilp sits on MBIRE's advisory board (she recused herself to judge Zach's panel) because we believe the people coming into this industry matter as much as the deals we do, and Saturday was a reminder of why.
Congratulations to the full team and thank you to the Harold E. Eisenberg Foundation, Christine Bissler, and Kristen Young for 16 years of building something that matters for this industry.
When we asked spring intern Zach Zella what stuck with him most from his time at Farpoint, he did not mention a deal or a deck. He quoted Farpoint Principal, Alex Katz: "It takes 10 years to build a relationship. It could take five minutes to ruin one."
Zach came to Chicago on a football scholarship. He is leaving with a real estate education and a philosophy he says he will carry for the rest of his career.
He joined us in late January through our partnership with the Marshall Bennett Institute of Real Estate (@rooseveltu ).
He spent most of his time working on pitch decks and presentations for our Bronzeville property, visiting the site, sitting in on architect meetings, and learning what it actually takes to move a complex project forward.
Whether working with architects, partners, or the #Bronzeville community, Zach saw the Farpoint team put that philosophy into practice every day.
Zach graduates in May and heads back to Southern California to start his career in commercial real estate. We wish him the best and have a feeling our paths will cross again!
The former U.S. Steel South Works closed in 1992. For 33 years, 440 acres of Chicago lakefront sat vacant.
That's the site where the Illinois Quantum and Microelectronics Park is being built.
Here's what caught our attention as developers.
#Chicago #SouthSide #UrbanDevelopment #QuantumComputing #FarpointDevelopment
Farpoint was proud to sponsor the Near South Planning Board's General Membership Luncheon on March 4 at the Hyatt Regency McCormick Place.
Chicago's Commissioner of Planning and Development, Ciere Boatright, delivered the keynote and the conversation around the table reflected exactly why the Near South Side is one of the most watched corridors in the city right now 💪
The NSPB has been convening members, developers, and civic leaders on Chicago's Near South Side since 1946. That kind of institutional consistency matters in markets that move slowly and then all at once.
Congratulations to the NSPB team on another strong program. We'll be back!
#Chicago #FarpointDevelopment #NearSouthSide #ChicagoRealEstate
Nobody does St. Patrick's Day like Chicago (maybe Ireland, but we're a close second ☘️)
In 1961, Stephen Bailey, the business manager of Plumbers Local 130, noticed one of his plumbers walk in wearing white coveralls that had turned a perfect shade of Irish green. Turns out the dye they used to detect leaks in the sewer system along the Chicago River had soaked through.
Bailey's reaction? Maybe we should dye the Chicago River green!
Over sixty years later, that tradition is still going strong. Farpoint has been a proud annual sponsor of Plumbers Local 130. Our own Director of Investments Dhruv Basu and his wife, Arunima were there to celebrate with the crew!
Thank you to Plumbers Local 130 for having us. See you next year.
#Chicago #StPatricksDay #FarpointDevelopment #ChicagoTrades
In Lincoln Park, the "15-minute neighborhood" is the baseline expectation for its 70,000 residents. Delivering on that promise demands specific, high-performance retail and services infrastructure at 939 W North Avenue.
To date, we have secured T.J. Maxx, Fitness Formula Clubs, and Iteld Plastic Surgery and other stellar tenants by solving the corridor's operational challenges directly.
🚶Accessibility
🔈Volume
🧘 Wellness
🎶 Acoustic & Mechanical Isolation
These features turn a standard mixed-use asset into a "vertical village," serving the 288,000 residents within a 15-minute walk of 939 W. North Avenue.
Density drives the market, but the right infrastructure secures the lease.
