ULI the Urban Land Institute ULI Chicago Strategic Review by alicejenny


									     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
                                                                  ULI Chicago
    •    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
                                                                  773-472-3076 (f)
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
this year:

             4                Sharing Ideas . . . Finding Solutions
    Table of Contents
    Executive Committee and Committee Chairs .......................................................7
    Board of Advisors ...................................................................................................8
    Trustees ..................................................................................................................9
    Public Policy ...........................................................................................................11
    Programs ...............................................................................................................13
    City of Chicago .......................................................................................................18
    Membership ..........................................................................................................19
    Young Leaders Group............................................................................................20
    Communication .....................................................................................................21
    Trkla Scholarship Fund .........................................................................................22
    Finance ..................................................................................................................24
    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.
    Richard Kateley
    Heitman Real Estate Investment Management

    8                  Sharing Ideas . . . Finding Solutions
    Charles H. Shaw, Past National Chair
    Chairman, The Shaw Company

    John Bucksbaum
    CEO, General Growth Properties Inc.

    Richard G. Carlson
    Partner, Deloitte

    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
         Public Policy
         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
                                                                                                                                                         Richmond, Illinois

                                                         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
                                                                                                                                                             Co-Sponsored by

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.

Future Goals
    In 2005, we will focus our TAP’s on the following
three priorities:
    • 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
       most presentations.

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.
    Meetings included
                               Prominent Breakfast Series Speakers:

the distribution of ULI
                               Fran Spencer, Director - Retail Chicago, Chicago DPD
Bookstore publications
                               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
“Chicagoland’s Latino
                               William Kosik, Managing Principal, EYP Mission Critical Facilities, Inc.
Communities – Real
                               Greg P. Van Schaack, Senior Vice President, Hines
Estate Development
                               Cheri Heramb, Deputy Commissioner, Chicago DOT
Opportunities” brought
                               Gregory W. Hummel, Attorney, Bell, Boyd & Lloyd LLC
together various public
                               Myron Louik, President, Louik/Schneider & Associates, Inc.

       13                     Sharing Ideas . . . Finding Solutions
Programs continued

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
Education continued

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
Education continued

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

Interactive Training
    Over the past two
years, ULI Chicago
partnered with the
University of Illinois at
Chicago (UIC) and the
Northeastern Illinois
Planning Commission
(NIPC) to design and
implement an online,
interactive professional
training course for
planning commissioners,
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
Plan Implementation
    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.

Local Membership
    • 1,100 members in December 2004
    • Membership growth through creation of
      Young Leaders Group which incorporated
      30 existing members and 170 new

New Members
    • 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
      the field

Future Goal
    • 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
           Young Leaders
           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
       Income Community”
    • 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
                                                                                                                                                                                                        Winner Update

       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>

Member Mailings
    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
                 Award Winners
                                                                                      assistance panels,
                 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
    specific initiatives.
• 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.

          Prospective Initiatives
• 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
    stock–continual work
•   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
202-624-7000                                                                       773-549-4972
1-800-321-5011                                                                   773-472-3076 (f)
202-624-7140 (f)                                                       coordinator@chicago.uli.org
Customer Service at reliance@uli.org                                          www.chicago.uli.org

                               Sharing Ideas . . . Finding Solutions

To top