ULI - the Urban Land Institute
ULI Chicago 2004 Strategic Review
Sharing Ideas . . . Finding Solutions
Urban Land Institute
Members say that ULI is a trusted idea place where leaders come to grow professionally and
personally through sharing, mentoring, and problem solving. With pride, ULI members commit to the
best in land use policy and practice.
Who We Are To bring attention to advances in policy and
ULI–the Urban Land Institute is a 501(c) (3) practice, the ULI JC Nichols Prize for Visionary Urban
nonprofit research and education organization Development is presented to an individual whose
supported by its members. career or institution demonstrates the highest
Founded in 1936, the institute now has more standards of responsible development.
than 25,000 members worldwide representing In local communities, ULI district councils
the entire spectrum of land use and real estate bring together a variety of stakeholders to find
development disciplines, working in private solutions and build consensus around land use and
enterprise and public service. development challenges.
As the preeminent, multidisciplinary real estate
forum, ULI facilitates the open exchange of ideas, ULI Chicago
information and experience among local, national ULI Chicago, one of the first district councils
and international industry leaders and policy makers formed within ULI, has more than 1,000 members
dedicated to creating better places. in the Chicago land area. In addition to monthly
The mission of the Urban Land Institute is to meetings featuring industry leaders and other
provide responsible leadership in the use of land to educational programming, ULI Chicago offers
enhance the total environment. technical assistance to communities in formulating
land use policy and has developed creative initiatives
What We Do for high school and university students, young
ULI initiates research that anticipates emerging leaders in real estate, and planning commissioners.
land use trends and issues, proposing creative ULI Chicago partners with the City of Chicago and
solutions based on that research. other organizations throughout the area.
ULI’s practice program is interdisciplinary and
practical, focusing on trends and the basics of many
different parts of the industry:
• Resort and residential
• Retail and destination development
• Office and industrial development
1700 W. Irving Park Road, Suite 208
• Transportation and parking
Chicago, IL 60613
• Real estate finance and capital markets
ULI documents best practice and publishes
books to impart cumulative knowledge to help the
development community continuously improve its
ULI Chicago wishes to recognize and thank our Sustainers for their commitment to
and participation in our work in the Chicago real estate community. Their support
strengthens our activities, deepens our experience, and places us among the leading
real estate organizations in the region and the nation. Please find more information
about their companies at www.chicago.uli.org.
ULI Chicago Sustainers
A. Epstein and Sons International, Inc.
Chicago Title Insurance Company
Crown Community Development
General Growth Properties, Inc.
Henry Crown and Company
Material Service Foundation
Sharing Ideas . . . Finding Solutions
2 Sharing Ideas . . . Finding Solutions
Letter from Chair
The Urban Land Institute’s mission is to improve land use and the built environment.
Simply speaking, ULI engages in real estate issues that affect where we live and work.
As members of ULI, we tackle complex real estate issues. We solve problems as a
team of experts without bias or prejudice. As our avocation as well as our vocation, we
are about “making places.”
ULI Chicago boasts many accomplishments in Programs
2004 and will continue its work in 2005. In 2004, Chicago Central
ULI Chicago took a leadership role in new areas as Area Plan - ULI Chicago
well as continuing its outstanding palette of work. completed its breakfast
ULI Chicago 2004 accomplishments: series examining the
impact of this plan. With
Public Policy the collaboration of City
Riverdale – ULI Chicago conducted a technical representatives, ULI Chicago
assistance panel in 2003 to investigate the concluded the series with
Pacesetter neighborhood and to make Rux B. Currin a presentation
Transwestern Commercial Services, L.L.C.
recommendations for its rehabilitation. Chair, ULI Chicago on how to
Riverdale asked ULI Chicago to remain as an participate in the
advisor to revitalize the neighborhood through implementation of this plan.
rehabbing the housing stock, attracting investors, Latino Community - A two-part series on the
and pursuing a diverse group of residents. With impact of the Latino community on Chicago real
ULI’s counsel, Riverdale is now implementing the estate followed the Central Area series. The
recommendations, adding a vital new neighborhood successful program has led to further initiatives to
to its community. explore specific real estate projects in that growing
Joliet – Despite the rapid growth in the Joliet area, community.
the downtown area has not experienced the same Mayor Daley – Mayor Daley will honor ULI Chicago
growth. At Joliet’s request, ULI Chicago assembled a by kicking-off the 2005 Mayor’s Forum, a five-part
team of industry experts and conducted a technical breakfast series featuring mayors from leading cities
assistance panel. This group critiqued Joliet’s City throughout the world.
Center development plan and recommended actions
to generate activity in the downtown area. Homebuilders
Elburn – This rapidly growing community sits at the Homebuilders Association of Greater Chicago
edge of growth in the Chicago region. With Elburn (HBAGC) Partnership - As the area’s population
experiencing development pressure and expecting grows, homebuilders represent the largest user of
a Metra station, the village wanted to control growth land throughout the region. Residential development,
and to maintain its community-oriented environment. both in the City and suburbs, affects the way that
ULI Chicago hosted a technical assistance panel to everyone works and lives. ULI Chicago and HBAGC
address these pressures and to direct growth for the have partnered to examine the issues which affect
future. that industry and the Chicago area.
3 Sharing Ideas . . . Finding Solutions
Letter from Chair continued
Community Vision Award - ULI Chicago, HBAGC, The Preservation Compact: A Rental Housing
and Metropolitan Planning Council collaborated to Strategy for Cook County – This partnership,
create and present the first annual Community Vision between ULI Chicago and The MacArthur Foundation,
Award. This award recognized best practices for will examine the current state of affordable and
sound land use principles in residential development. workforce housing stock in Chicago. It will make
It was presented at the HBAGC prestigious annual and implement recommendations to preserve that
Key Awards Dinner. housing stock. When completed, ULI Chicago and
The MacArthur Foundation will use this model
Young Leaders program in other metropolitan areas throughout the
ULI Chicago formed a group composed of Young nation.
Leaders, the future decision makers in Chicago’s real
estate community. Under 35 years old, these 250 City of Chicago
members bring energy, ideas, and resources to keep The City and ULI Chicago are currently pursuing
ULI Chicago current and vital in the region. They two programs:
participate locally in all areas as well as leadership. Central Area Vision Plan – ULI Chicago will
convene stakeholders to implement the Plan’s Multi-
Lifetime Achievement Award Dinner modal Transportation recommendations in a specific
ULI Chicago was privileged to honor one of the downtown sector.
industry’s and Chicago’s most accomplished and Industrial – ULI Chicago will conduct a technical
influential leaders, Stuart Scott, former Chairman of assistance panel in a key industrial corridor located
Jones Lang LaSalle. on the northwest side of the city.
ULI Chicago 2005 Leadership Roundtable
ULI Chicago continues its work on programs ULI Chicago and Deloitte will host 25 – 30
and activities from 2004. Additional focus this year Chicago-region industry leaders to discuss strategies
includes activities in: and visions for the future of their companies.
Workforce Housing – Policy and strategies.
Public/Private Partnerships – Inner city Many challenges lie before us as society
development by fostering relationships and sharing changes. ULI Chicago will play an important role
expertise between these groups. in that transformation. We proudly offer our
UrbanPlan – An educational program for high accomplishments, our plans, and our leadership for
school and college students that focuses on a that role in this Strategic Review. We invite you to
classroom- based model for urban development. join us.
We are also proud that our success, dedication,
and expertise have attracted significant opportunities
4 Sharing Ideas . . . Finding Solutions
Table of Contents
Executive Committee and Committee Chairs .......................................................7
Board of Advisors ...................................................................................................8
Public Policy ...........................................................................................................11
City of Chicago .......................................................................................................18
Young Leaders Group............................................................................................20
Trkla Scholarship Fund .........................................................................................22
Prospective Initiatives ...........................................................................................24
5 Sharing Ideas . . . Finding Solutions
6 Sharing Ideas . . . Finding Solutions
Executive Committee & Committee Chairs
ULI Chicago Chair Rux Currin, Chair
Public Policy Committee Scott Goldstein, Vice Chair
Programs Committee Arnis Kakulis, Vice Chair
Education Committee Mark Angelini, Vice Chair
Paul Shadle, Vice Chair
City of Chicago Don Shindler, Vice Chair
Joseph Wisniewski, Vice Chair
Membership Committee Peter Desmond, Vice Chair
Stephen Janowiak, Vice Chair
Young Leaders Group Brad Leibov, Vice Chair
UrbanPlan Program Theresa Frankiewicz, Vice Chair
G. Benjamin Ranney, Vice Chair
Communication Committee Cheryl Stein, Vice Chair
Community Outreach John Mays, Vice Chair
Trkla Scholarship Fund Roberta Nechin, Vice Chair
Sponsorship Greg Hummel, Vice Chair, National ULI Trustee
Finance David Galowich, Treasurer
Prospective Initiatives Rux Currin, Chair
District Council Coordinator Cindy McSherry
7 Sharing Ideas . . . Finding Solutions
Board of Advisors
Mark Angelini Richard Knitter
The Shaw Company Great Realty Advisors
Kevin Augustyn Brad Leibov
Opus North Corporation New Chicago Fund, Inc.
Alicia Berg John Mays
Columbia College Gould & Ratner
Robert Cowhey Roberta Nechin
Cowhey Gudmundson Leder Ltd. Nechin Enterprises Limited
Rux Currin John Powell
Transwestern Commercial Services, L.L.C. Fannie Mae
Peter Desmond G. Benjamin Ranney
The Meridian Group, Inc. Prairie Holdings Corporation
Teri Frankiewicz Hipolito (Paul) Roldan
Crown Community Development Hispanic Housing Development Corporation
David Galowich Paul Shadle
Madison Group Holdings, Inc. DLA Piper Rudnick Gray Cary US LLP
Scott Goldstein Donald Shindler
Metropolitan Planning Council DLA Piper Rudnick Gray Cary US LLP
John Green Cheryl Stein
Centrum Properties Cheryl Stein, Inc.
Richard Hanson Mary Vasys
Mesa Development, LLC Vasys Consulting Ltd.
Greg Hummel Christine Williams
Bell, Boyd & Lloyd LLC Goodman Williams Group
Jeremiah James Joseph Wisniewski
Edward R. James Partners, LLC Deloitte
Stephen Janowiak Lori Wittman
First Industrial Realty Trust General Growth Properties, Inc.
Arnis Kakulis Robert Zimmerman
OWP/P Friedman Properties, Ltd.
Heitman Real Estate Investment Management
8 Sharing Ideas . . . Finding Solutions
Charles H. Shaw, Past National Chair
Chairman, The Shaw Company
CEO, General Growth Properties Inc.
Richard G. Carlson
Douglas Crocker, II
Partner, DC Partners LLC
Gregory W. Hummel
Attorney, Bell, Boyd & Lloyd LLC
Edward R. James
Chairman, Edward R. James Partners, LLC
Stephen R. Quazzo
Managing Director & CEO, Transwestern Investment Company, L.L.C.
Hipolito (Paul) Roldan
President, Hispanic Housing Development Corporation
Randall K. Rowe
Chairman, Green Courte Partners, LLC
Lynn C. Thurber
CEO, LaSalle Investment Management, Inc.
9 Sharing Ideas . . . Finding Solutions
10 Sharing Ideas . . . Finding Solutions
The Public Policy Committe coordinates public policy initiatives by drawing on local
and national ULI expertise to address issues and provide guidance. They initiate and
conduct local Technical Assistance Panels.
In 2004, ULI Chicago’s Public Policy Committee conservation style development and how to plan for
focused on three communities: the future in order to protect the “emerald necklace”
of open space that encircles the village. Elburn has
Joliet asked ULI Chicago for additional assistance to advise
The City of Joliet requested assistance in updating the village in the transit oriented development site
a development plan for its City Center. Joliet is now around the soon-to-open Metra station.
the 11th fastest growing municipality of over 100,000
people in the nation. While the City has seen Riverdale
strong growth on its edges, its City Center area has Riverdale’s Pacesetter community has had a
seen significant disinvestment. Signs of a rebirth, troubled history. Built initially as a “for sale” 396
including a new ball stadium, a new residential rehab unit townhome development, the neighborhood
and new restaurants, were evident to the panel is now nearly entirely renter occupied, with a
chaired by James Matanky of Matanky Realty. The patchwork of multiple owners and a majority of units
panel recommended ways to bring life back to the supported with Section 8. The 2003 panel, chaired
downtown, including retrofitting a one-way street by Charles Hill of Charles Hill & Associates (formerly
back to two-way, encouraging housing redevelopment of the Federal Home Loan Bank), recommended
and mixed-use development, and by offering a returning Pacesetter to a homeownership community,
variety of financing mechanisms. The City moved rehabbing the housing stock through a number
forward in May 2005 to expand their TIF and Special of funding sources, improving social services,
Service Area to provide incentives to attract business and changing the street layout to connect the
development in the downtown. The City continues to neighborhood to the rest of Riverdale and improve
look toward implementing other recommendations, public safety. The
including modifying the downtown street pattern. recommendations
Chicago District Council
Invest in the Past to Plan for the Future
provided a blueprint for
The rural community of Elburn, Illinois in western
Kane County is experiencing rising development
M AY 1 9 -2 0, 2 00 4
pressure, accelerated by the construction of a new Technical Assistance Panel
terminus for the Metra West line in late 2005. While
the population is just 2,756 people, it is expected
to grow to 20,000 people by 2030. The panel,
chaired by Gregory W. Hummel of Bell, Boyd & J O L I E T, I L L I N O I S
Lloyd LLC, looked at the potential of transit oriented
D O WN T OW N RE DE V ELO PM ENT S TRAT E G Y
development adjacent to the new station, how to plan
11 Sharing Ideas . . . Finding Solutions
Public Policy continued
actions taken by the Village in 2004, including For example, we will be hosting Ed McMahon,
selecting Holsten Development to be the lead Senior Resident Fellow and Charles Fraser Chair
developer, securing initial grant funds (with ULI on Sustainable Development, ULI, on March 8,
Chicago assistance), and pursuing financing 2005. “Making it Work: Implementing Sustainable
strategies. Following a new format, ULI Chicago Development” will be offered in both Chicago and
has continued to assist the Riverdale community in suburban Schaumburg. The day-long program will
implementing the panel recommendations. There include presentations by Mr. McMahon as well as a
were three follow-up meetings in 2004 to provide panel of local experts discussing planned growth and
input on revitalizing the townhouse development. natural resource issues.
With the assistance of panel members,
the village has secured over $300,000 in pre-
development grants and loans. Holsten Development
has applied to the state’s Housing Trust Fund for the
first phase of development along Lowe Avenue.
In 2005, we will focus our TAP’s on the following
• Redevelopment and Reinvestment –
continuing ULI Chicago’s successful track record
in advising communities in need of economic
development and housing assistance.
• Latino Community-Based Development –
building on the Program Committee’s 2004 series,
the Public Policy Committee is interested in providing
assistance to a community development corporation
encountering a Latino-focused redevelopment
challenge, particularly in the city of Chicago.
• Planning for Housing – addressing the cutting
edge of new state policy, ULI Chicago will work with
a municipality facing a new state requirement that
all municipalities must work toward a goal of at least
10% of its housing stock to be affordable.
In addition to these priorities, ULI Chicago will
seek to expand its work in the industrial and retail
sectors of the real estate industry.
Finally, we will continue to work on public
policy issues of special interest to ULI members.
12 Sharing Ideas . . . Finding Solutions
The ULI Chicago Program Committee had an extremely successful 2004. It planned
and coordinated 13 programs during the typical 9-month programming calendar
(excludes summer months). Attendance continued to grow, with over 100 attendees at
Breakfast Series sector and private sector leaders to explore how the
The Program Committee continued to focus on local development community can serve this growing
its breakfast series based on themes. The second segment representing about a third of the city’s total
half of the year-long series entitled, “The Central population.
Area Plan: From Direction to Implementation” includ-
ed presentations about Chicago’s retail marketplace; Annual Economic Update
transportation nodes and connections; the Chicago The Program Committee coordinated the
River as an amenity; and sustainability and green traditional Annual Forecast Meeting, which this year
initiatives. The final program detailed funding and was entitled “Anticipating Change Before It Happens”.
implementation opportunities of the Central Area The presentation featured two different perspectives
Plan for ULI members.
Prominent Breakfast Series Speakers:
the distribution of ULI
Fran Spencer, Director - Retail Chicago, Chicago DPD
Judi Fishman, Vice President, Rezmar Corporation
relating to the topics
Stanley Nitzberg, Principal, Retail Broker, Mid-America Real Estate Corporation
Luann Hamilton, Division Head, Capital Programming and Planning, Chicago DOT
In the Fall, the
John McCarron, Urban Affairs Writer and Analyst, NU Medill School of Journalism
ULI Program Commit-
Michael J. Shiffer, PhD, Vice President, Planning and Development, CTA
tee held a mini-series
Kathleen Dickhut, Assistant Commissioner, Chicago DPD
that focused on ethnic
Christine Slattery, Director, Chicago Office of the Trust for Public Land
diversity, specifically the
Laurene von Klan, Executive Director, Friends of the Chicago River
Latino Community. This
Sahdu Johnston, Assistant to the Mayor, City of Chicago
two-part series entitled
Douglas Farr, President, Farr Associates
William Kosik, Managing Principal, EYP Mission Critical Facilities, Inc.
Communities – Real
Greg P. Van Schaack, Senior Vice President, Hines
Cheri Heramb, Deputy Commissioner, Chicago DOT
Gregory W. Hummel, Attorney, Bell, Boyd & Lloyd LLC
together various public
Myron Louik, President, Louik/Schneider & Associates, Inc.
13 Sharing Ideas . . . Finding Solutions
on the drivers underlying Chicagoland’s Latino Communities Featured Panelists:
real estate property and Mary T. Bonome, Deputy Commissioner, West Planning District, Chicago DPD
capital markets as well Sylvia Puente, Metropolitan Chicago Initiative, Latino Institute of Notre Dame
as the conditions and Paul Sori, Vice President Commercial Real Estate, Banco Popular
events to watch in the Ricardo Muñoz, Alderman, Chicago’s 22nd Ward
2004 election year. ULI Juan Rangel, Chief Executive Officer, United Neighborhood Organization
was honored to have Hipolito (Paul) Roldan, President, Hispanic Housing Development Corporation
as speakers: Robert
Dederick, Principal, RGD Economics and William Emerging Trends
Poppei, Professor of Finance, Kellstedt Graduate “Emerging Trends in Real Estate® 2005”,
School of Business, DePaul University. provided an outlook on U.S. investment and
development trends, real estate finance and capital
Neighborhood Retail Development markets, property sectors, metropolitan areas,
The Program Committee collaborated with the and other real estate and demographic issues.
Public Policy Committee to present “Ten Principles The presentation was based on Emerging Trends
for Rebuilding Neighborhood Retail”. Michael in Real Estate® 2005. Undertaken jointly by ULI
Pawlukiewicz, Director of Environment and Policy and PricewaterhouseCoopers, this publication, with
Education, ULI, outlined the ten principles developed a 25-year history, is the most highly regarded and
by a forum of seventeen experts from around the widely read forecast report in the real estate industry.
country in 2003. Stan Nitzberg, Principal, Mid- ULI’s speakers included: Peter F. Korpacz, MAI,
America Real Estate Corporation, added a local Director of the Global Strategic Real Estate Research
perspective and a discussion about how these Group, PricewaterhouseCoopers and Stephen R.
principles have worked in the Chicago region. Blank, Senior Resident Fellow, Finance, Urban Land
The final two presentations of the year focused
on “real deals” and economic indicators that The Program Committee expanded the scope
influence the real estate markets. and depth of its offerings in 2004. It addressed
Real Deals topical issues, offered insight into real estate
“Real Deals: Real Players with Real Insights” transactions, and provided a broad economic and
included behind-the-scenes stories about five major social background in which the real estate activity in
real estate deals in Chicagoland. Deal makers were Chicagoland has and will occur.
prominent real estate executives. The Program Committee will build upon these
Real Deal Speakers: guidelines in 2005.
B. Timothy Desmond, President, Central Station Development Corporation
Michael M. Mullen, President & CEO, CenterPoint Properties Trust
David R. Schwartz, Managing Member, Waterton Associates, LLC
Daniel F. Walsh, Managing Director, Mesirow Stein Real Estate Inc.
Wayne A. Vandenburg, Chairman/CEO, TVO Real Estate Services
14 Sharing Ideas . . . Finding Solutions
LISC Chicago Partnership: Making Deals in Urban this collaboration between the sectors presents a
Markets range of possibilities.
Development in urban markets presents “The ULI Chicago/LISC Chicago partnership
challenges and opportunities. In many cities is identifying cutting-edge projects that can be
around the country, private developers are joining transformed into new and innovative development
nonprofit community development corporations to models. The private and nonprofit developers
create profitable ventures that benefit under-served have the potential to provide leadership in terms of
markets. improving market efficiency and balance, eliminating
For the second year, private misconceptions, transferring
developers from ULI Chicago and Making Deals knowledge, and identifying
nonprofit developers from Local in Urban Markets opportunities from which everyone
Initiatives Support Corporation/ can benefit.”
Chicago (LISC Chicago) joined forces Plans are underway for the
to explore several notable examples 2005 program which will broaden
of private/nonprofit partnerships in the participation and reach of this
urban markets. From May through important work in the Chicago area.
October 2004, the group visited and
A project of the
analyzed projects in Chicago and Urban Land Institute/Chicago
and UrbanPlan Program
Local Initiatives Support Corporation/Chicago
Richmond, Virginia. December 2004
UrbanPlan is a national
ULI national has endorsed this educational initiative developed
type of urban development under by ULI focusing on a hypothetical
its Community Outreach initiative. urban redevelopment case study.
Impressed with ULI Chicago and LISC Chicago’s Designed to introduce land use concepts to students
efforts, ULI invited these two groups to present their at the high school and university level, the UrbanPlan
findings at the ULI Fall Conference in November. A format allows students to form company teams
final report, “Making Deals in Urban Markets” has to respond to an Urban Redevelopment Authority
been published and is available at www.chicago.uli. Request for Proposal (RFP). The “companies” develop
org. an understanding of the economic, political, aesthetic
Rux Currin, Senior Vice President of Transwestern and organizational tradeoffs of land use as they
Commercial Services, L.L.C. and Chair of ULI Chicago compete to win the contract from the authorizing
was one of the 2004 participants. He observed that community. The students prepare a business
15 Sharing Ideas . . . Finding Solutions
proposal, a land use design and other visual aids as established to achieve economic parity and
they present to ULI Chicago volunteers, acting as City recognition for minorities in the real estate industry.
Council members. UrbanPlan served as a unit in this intensive training
The past year’s activities are highly for young minority real estate professionals serving
representative of the District Council’s full 18-month internships in the Chicago real estate
commitment to the UrbanPlan program in the industry.
Chicagoland area. During the Spring and Summer of In September 2004,
2004, 48 members of ULI Chicago volunteered for a total of 60 students
a full day training session in order to prepare them from DePaul, Kent State
as facilitators and jurors in the UrbanPlan program. University and Illinois
Lead by Paula Blaiser, UrbanPlan National Director, Institute of Technology
ULI, the members competed during the training worked in multi-university
session as students and gained an appreciation of teams to introduce UrbanPlan as part of their land
the program’s strength as an educational tool. use and development education toward designing a
The Real Estate Center at DePaul University senior housing project.
was chosen to be the first midwestern University to The partnership with DePaul University that
present the competition because of its longstanding started in 2004 represents the first phase of the
reputation as a leader in Chicago real estate UrbanPlan program in Chicago and will continue
education. Through two separate undergraduate in 2005. The ULI Chicago’s Board of Advisors
classes in the Spring and Fall, ULI Chicago and have been solicited for their contacts at the high
DePaul collaborated to rollout the UrbanPlan program school level. The identification of a high school and
to 80 undergraduate students. Feedback from these a champion teacher is targeted for Fall of 2005.
pilot classes was excellent. DePaul has asked to Implementation of UrbanPlan into a high school is
integrate UrbanPlan into all of its undergraduate Real scheduled for Fall of 2006.
Estate Finance classes.
ULI Chicago also embarked on two experimental Workforce Housing
applications of the UrbanPlan Model in partnership The Education Committee is working to engage
with DePaul University. In August 2004, ULI ULI Chicago and the real estate community in
Chicago teamed with the Real Estate Executive the public discussion of the need and demand
Council (REEC) to host a single day facilitation and for workforce housing in the greater Chicago
presentation. REEC is a professional organization area. Beginning in December 2004, ULI Chicago
16 Sharing Ideas . . . Finding Solutions
convened meetings among representatives of ULI, legal issues and access to numerous web links. The
the Homebuilders Association of Greater Chicago, program was well received.
and the Metropolitan Planning Council to evaluate the After securing new resources for 2005, the
feasibility of current public policy proposals designed Education Committee and the University have
to promote the development of workforce housing rededicated their efforts to this program. The plan is
and foster the creation of alternative measures. to have a course available in Fall 2005. Committee
These meetings have focused to date on existing members will review and update the existing curriculum
requirements and proposed ordinances in the City as well as assist in marketing the program to Chicago
of Chicago. ULI Chicago will broaden its focus to area communities. ULI Chicago members will
address the growing need for workforce housing in coordinate marketing efforts including presentations
areas beyond the City. The Education Committee to area municipalities. The goal is to adopt the training
will draw on ULI expertise by convening a meeting in program for all staff and volunteer positions in these
Chicago in 2005 to discuss and evaluate workforce communities.
housing incentives that have been implemented in
other metropolitan areas. The meeting will create
both an opportunity for ULI Chicago members to
have substantive input on this issue and to provide
valuable information to the land development
Over the past two
years, ULI Chicago
partnered with the
University of Illinois at
Chicago (UIC) and the
(NIPC) to design and
implement an online,
training course for
municipal staff and
elected officials. The
course provided an
overview of planning concepts and terminology,
17 Sharing Ideas . . . Finding Solutions
City of Chicago
ULI Chicago and the City of Chicago have joined to address issues facing the City
which require an objective analysis and unbiased recommendations based on the
experience and expertise that ULI can provide.
In 2005, ULI Chicago will join with the City in the The City hopes to apply this program in other areas
following ways: with continued assistance from ULI Chicago.
Mayor Richard M. Daley will kick-off a five-part
breakfast series, “Catalysts for Excellence: Mayors’ Relationship & Future
Briefings” in 2005. Other speakers in this series • The City of Chicago will seek advice on land-
will include: The Right Honorable the Lord Provost use issues from ULI Chicago specifically on small
of the City of Glasgow, Scotland, Councillor Liz industrial parks throughout the city; development
Cameron; Honorable John W. Hickenlooper, Mayor along the south branch of the Chicago River
of Denver, Colorado; Honorable Tom Murphy, Mayor (Riverwalk/Rivergate); and, the Archer Corridor.
of Pittsburgh, Pennsylvania; and, Honorable Mike • ULI Chicago provides complimentary
Whitby, Mayor of Birmingham, England.
Chicago Central Area Plan - Transportation
In 2002, Chicago completed and
Photo courtesy of the City of Chicago
published its plan for the ongoing
development and vitality of its central
area. That visionary plan encompassed
all aspects of growth and quality of life,
including transportation, zoning, retail,
residential, office and parks. Chicago
now needs to develop specific steps
to implement each aspect of the plan.
The City asked ULI Chicago to assist in
creating a transportation implementation plan memberships to key members of the DPD and the
within several areas in the central business Department of Housing
district. In 2005, ULI Chicago will convene all • Teri Haymaker, Deputy Commissioner, Chicago
stakeholders within these areas. The group Department of Planning and Development, is
will analyze demand for transportation as well serving her third year as a member of the Program
as supply of these services. After evaluating Committee.
demand for and supply of transportation services, ULI Chicago will continue to foster their
a series of recommendations will be formulated relationships with the City of Chicago.
and shared with the key transportation providers.
18 Sharing Ideas . . . Finding Solutions
The members of the Urban Land Institute are community builders, the people
who develop and redevelop neighborhoods, business districts and communities.
ULI members commit to the best in land use policy and practice. They are active
professionals sharing ideas in a practical real time environment.
• 1,100 members in December 2004
• Membership growth through creation of
Young Leaders Group which incorporated
30 existing members and 170 new
• Programs and activities offer a wide
range of opportunity for member partici-
pation and experience
• Inclusivity outreach will continue with focus on
developing membership among public sector,
women, and minorities
Membership Resource Directory
• ULI National membership survey will
be the foundation for developing ULI
Chicago Resource Directory
• Member Resource Directory will
enable ULI Chicago to direct mem-
bers to areas of specific interest
and to provide leaders in the real
estate community with experts in
• Use the Member Resource Directory
to engage more members as well as the
Chicago real estate community
ULI Chicago strives to build upon its base of
expertise and to address the needs of our market.
19 Sharing Ideas . . . Finding Solutions
The explosion in information technology has enabled today’s young professionals
to enter the industry with a global view. They are coming in with knowledge and
information that took seasoned professionals years to attain. They want to take
risks. They want to experiment. And they want to avoid the mistakes made by
the development community in the 1960s, 1970s, and 1980s. Our charge is to
harness their enthusiasm and to help mold them into tomorrow’s industry leaders.
Harry Frampton, ULI National Chairman
The Young Leader Group (YLG) was launched in Future Goals
September, 2004 to bring together younger members In 2005, the YLG will continue to bring together
involved with ULI Chicago. In order to strengthen their members to strengthen their relationship and
relationship and participation with the organization participation with the organization through:
and provide opportunities for continuing professional Case Study Programs – the YLG is planning
education. Enrollment in YLG is automatic for all ULI presentation and tours of Stateway Gardens and
members under 35 years old. Hines Interests’ 1 South Dearborn development.
The YLG is a regular committee of ULI Chicago Additional Case Study programs will be held on a
and is led by a seven-member, YLG Executive quarterly basis.
Committee. Since the YLG’s launch, over 170 new Networking & Social Events – the YLG will
members from all areas within the real estate hold a Speed Networking reception in April 2005, to
industry have joined ULI Chicago—an astounding provide an opportunity for members to form and grow
increase of 466%. valuable relationships with their peers and seasoned
real estate executives. Additional Networking & Social
Major Initiatives events will be held on a quarterly basis.
• Attracted over 210 attendees at YLG kickoff Group Discussion Series –the YLG will launch
reception hosted by DLA Piper Rudnick Gray a Group Discussion Series to match small groups of
Cary US LLP young leaders with seasoned real estate executives
• Organized a Committee Leadership Forum to to facilitate quarterly roundtable discussions. The
place over 40 young leaders on ULI Chicago Group Discussion Series will help young leaders
committees become better real estate professionals through idea
• Will launch a Case Study program, “The Rede- sharing.
velopment of Stateway Gardens: Transforma-
tion from Public Housing to a Truly Mixed
• Held monthly meetings of the YLG Executive
Committee and participated in ULI National
sponsored conference calls to share YLG
committee best practices
20 Sharing Ideas . . . Finding Solutions
At the heart of the ULI experience is an open exchange of ideas.
ULI Chicago At A Glance http://www.mma90.com/ULI%20Chicago%20At%20A%20Glan...
• ULI Chicago published 2 issues this year. The
newsletter includes a chair update, committee
VOLUME IV, Winter 2005
updates, and a selected topics section. It also ULI's mission and role is to improve land use and the built environment.
Simply speaking, ULI engages in real estate issues that affect where we
live and work. As members of ULI, we tackle complex real estate issues.
We solve problems as a team of experts without bias or prejudice. We are
has links to additional resources and informa-
about "making places".
Many challenges lie before us as society changes. ULI Chicago will play an
important role in that transformation here, in the nation, and in the world.
Our work will have the greatest impact with your advice and participation.
tion on the ULI Chicago website. This newslet
ULI Chicago strives for take home value. This is your home. We look
forward to working together. (FULL ARTICLE).
CHAIR, ULI CHICAGO, Rux Currin
ter has been extremely well-received. 98% of
the people receiving this email, open and read 2004 ULI Chicago
Lifetime Achievement Award
2004 Trkla Scholarship
the concise, user-friendly format.
Since receiving the 2004 ULI Chicago Trkla
Scholarship, Christopher Kowal has continued
with his Masters program in Urban Planning and
Policy at the University of Illinois at Chicato
(UIC) and is currently taking courses in
statistical modeling and in land economics.
• ULI Chicago created an archive on its website (FULL ARTICLE).
Dressed in their best interview suits, the diverse
group of 50 undergraduate students from DePaul
to house all current and past issues.
University sought whys and wherefores from
their professor, Steve Bell, and three real estate
ULI Chicago has given a Lifetime Achievement Award developers, Teri Frankiewicz, Crown Community
to Stuart L. Scott, former Chairman of global real Development, Matthew Nix, Opus North
estate service services and money management firm Corporation, and Ben Ranney, Prarie Holdings
Jones Lang LaSalle Inc. Corporation, who had served as jurors that
• ULI Chicago will move to publish the e-newslet-
evening in determining which of their plans to
A sold out event of more than 500 people from revitalize a blighted six-block area in the
Chicago's real estate and financial community gathered mythical city of Yorkville seemed most
December 8, 2004 at the Four Seasons Hotel for the promising. (FULL ARTICLE).
presentation. The award was given to Scott in
recognition of his overall contribution to both the real VICE CHAIR EDUCATION, Mark Angelini, The
ter quarterly in 2005 based on the District
estate industry and to the civic, charitable and Shaw Company
philanthropic works that exemplify ULI's mission and
VICE CHAIR EDUCATION, Paul Shadle, DLA
spirit. (FULL ARTICLE). Piper Rudnick Gray Cary US LLP
THANK YOU TO OUR
Council’s level of activity and success of the ULI CHICAGO SUSTAINERS
email format. 1 of 3 6/10/05 9:34 AM
• ULI Chicago will use the e-newsletter as an
other vehicle to promote our Sustainers by
offering a link to each of the companies’ web-
ULI Chicago District Council | Chicago Home http://www.uli.org//AM/Template.cfm?Section=Home12
Home Contact Us Site Map
ULI Chicago’s goal is to continue to improve the ULI Chicago Sustainers
Initiatives ULI Chicago soliciting 2005 Nominations for
quality of information on our website (www.Chicago.
Lifetime Achievement Award
ULI Chicago’s Lifetime Achievement Award, now
In the News in its eleventh year, is the preeminent real
estate award in the Chicagoland area. We
Resources invite ULI Chicago members to participate by
submitting a nomination for the Eleventh
uli.org) and regularly update the committee sections
Chicago Calendar Annual Lifetime Achievement Award. The
nominee should be an industry professional
Upcoming Events from the Chicagoland area. The candidate
need not be a ULI member. The criteria for the
award is a lifetime of professional, personal
and civic commitments to the real estate
profession and to our community at large.
with work being completed in order to communicate
Download 2005 Nomination Form>
2005 Lifetime Achievement Award Dinner
December 7, 2005
Four Seasons Hotel
ULI Chicago 2005 Breakfast Series
to all target groups (new members, public,
concludes, June 16, 2005
ULI Chicago will conclude their 2005 Breakfast
series, "Catalysts for Excellence: Mayors'
Briefings" on Thursday, June 16, 7:45 am -
9:30 am; scheduled speaker: Honorable Mike
Whitby, Mayor of Birmingham, England. The
professional and educational groups).
2005 breakfast series focuses on how
metropolitan mayors have been catalysts for
economic development through their support of
significant development projects in their
Register for June 16, 2005 Meeting>
Annual Chair Letter - Reporting accomplishments In The News > > >
> You can now click on "In The News" and download meeting summaries for the May 5 and April 7, 2005
Breakfast Meetings and the March 8, 2005 "Making It Work: Implementing Sustainable Development"
meeting. Check it out!
within the last year and the goals for the coming year
> Winners Announced for 2005 ULI Awards for Excellence: The Americas competition ... Chicago developments rise above the crowd!
to our key constituencies.
1 of 1 6/10/05 9:32 AM
21 Sharing Ideas . . . Finding Solutions
Trkla Scholarship Fund
Like any organization, ULI is made up of individuals, each with their own
motivations and perspectives, but ULI has given me the opportunity to interact
with some remarkably admirable characters...My relationship with the Urban Land
Institute has been rewarding academically, professionally, and personally.
Christopher Kowal, 2004 Trkla Scholarship Winner
A Scholarship program was established six years membership, one ULI publication and are invited to
ago in memory of Nicholas V. Trkla, first Chair of ULI attend ULI Chicago breakfast meetings at no charge.
Chicago. Nick was a national Trustee of ULI and The winner, runners-up and their professors
a passionate champion of ULI’s values. The Trkla join the Board of Advisors, members of the Trkla
Scholarship Fund is administered by a separate Scholarship Committee, Trustees and other invited
Scholarship Committee consisting of ULI Chicago guests for a celebration lunch where the awards are
members, friends of Nick and members of his family. presented.
A cash scholarship in the amount of $1,000.00
is awarded annually to a Masters or Doctoral student 2004 Scholarship Recipients were:
from a Chicago area university. Each applicant Winner, Christopher Kowal, UIC
must complete an extensive application relating Runner-up, Darleen Garcia, UIC
their interest in the award to the work of ULI. Each Runner-up, Ryan Siegel, UIC
applicant must select a faculty member to write a
letter of recommendation. The Committee reviews The Committee continues to raise funds to
the applications and selects the winner and two insure the continuation of this meaningful award.
The winner, in addition to the cash award,
receives a one-year student membership in ULI,
an all-expense paid trip to the ULI Fall Conference
and three ULI publications. In an effort to include
and encourage young professional involvement at
the local level, ULI Chicago also invites the winning
student to serve a one-year term on the ULI Chicago
Board of Advisors and/or a working committee as
well as offering an opportunity to audit a technical
assistance panel during the year. He or she is invited
to all ULI Chicago breakfast meetings at no charge
and is automatically a member of the Young Leaders
Runners up receive a one-year student
membership, one ULI publication, and are invited to
attend ULI Chicago breakfast meetings at no charge.
Sponsoring faculty receive a one-year academic
22 Sharing Ideas . . . Finding Solutions
Sponsorship allows us to enrich our commitment to educational and community
outreach in order to achieve our goals.
Lifetime Achievement Award Dinner Our Sustainers in fiscal 2005 are:
• Annually recognizes a Chicagoland real estate A. Epstein and Sons International, Inc.
industry leader for his or her professional, Chicago Title Insurance Company
civic and charitable achievements Crown Community Development
• Regarded as the premier real estate award for General Growth Properties, Inc.
lifetime achievement in the Chicago Metropoli- Henry Crown and Company
tan Area Material Service Foundation
• A sold-out event at the Four Seasons Hotel OWP/P
• Nomination process begins each year in the
Spring In addition to the Lifetime Achievement Award
• Event inaugurated in 1995 Dinner, their contribution will allow us to achieve our
2005 goals in a number
of critical areas: technical
1995 Marshall Bennett, Marshall Bennett Enterprises
policy forums, insightful
1996 Bernard Weissbourd, Metropolitan Structures
programs, and education
1997 Charles H. Shaw, The Shaw Company
of students and plan
1998 Richard J. Brown, Cambridge Homes
commissioners. ULI sets
1999 Lester Crown, Material Service Corporation
a national standard for
2000 William A. Alter, The Alter Group
research and education
2001 Edward R. James, Edward R. James Partners, LLC
in the real estate industry.
Kenneth J. James, Kenneth James Builders, LLC
ULI Chicago becomes ULI
2002 Matthew Bucksbaum, General Growth Properties, Inc.
in a hometown context
2003 Richard A. Stein, Mesirow Stein Real Estate, Inc.
— thereby helping create a
2004 Stuart L. Scott, Jones Lang LaSalle
superior built environment
for all of our citizens.
Sustainers Program Without the support of our Sustainers this work would
To increase support of activities and initiatives not be possible.
in 2004, ULI Chicago launched the “Sustainers”
program. ULI Chicago members, and member
companies, as well as other ULI supporters have
invested to become Sustainers.
23 Sharing Ideas . . . Finding Solutions
• Annual budget is approximately $425,000.
• Revenue generated by Lifetime Achievement
Award Dinner and the Sustainers program.
Other sources include membership dues and
programs. ULI Chicago has also developed
additional sources of funding such as grants for
• ULI Chicago seeks to at least “break even” on all
activities hosted or produced each year. This
policy allows ULI Chicago to invest its reserves
in important initiatives, such as Technical
Assistance Panels, Planning Commissioner
Online, ULI Chicago/LISC Chicago Leadership
Program, and UrbanPlan.
• Expanding relationship with Homebuilders
Association of Greater Chicago, particularly in
suburban residential development
• The John D. and Catherine T. MacArthur Founda-
tion partnership to preserve affordable housing
• Workforce Housing/Affordable Housing
• Development in Latino Community
• Retail Development
• Industrial Development
24 Sharing Ideas . . . Finding Solutions
ULI-the Urban Land Institute ULI Chicago
1025 Thomas Jefferson Street, NW 1700 W. Irving Park Road
Suite 500 West Suite 208
Washington, DC 20007 Chicago, IL 60613
1-800-321-5011 773-472-3076 (f)
202-624-7140 (f) firstname.lastname@example.org
Customer Service at email@example.com www.chicago.uli.org
Sharing Ideas . . . Finding Solutions