News Archive: News: About Our Company: McCaffery Interests

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April 2013

Washington DC Walgreens Flagship Store Opens: 04-Apr-13 - Slate.com article about the opening of the flagship Walgreens at McCaffery Interests'/Douglas Development successfully redeveloped Arch Square in Washington D.C..

December 2012

H&M, White House | Black Market, Fleet Feet Sports and More Join The Shops at Roosevelt Collection: 04-Dec-12 - McCaffery Interests announces new tenants for The Shops at Roosevelt Collection.
The Shops at Roosevelt Collection Lauded By Crain’s Chicago Business: 04-Dec-12 - Crain’s Chicago Business–the city’s leading business, finance and real estate outlet–posted a video commenting on the announcement of The Shops at Roosevelt Collection.

July 2012

Plans To Redevelop Old Children’s Memorial Site Draw Jeers, Praise: 27-Jul-12 - Nearly two months ago, Children’s Memorial Hospital closed its doors in Lincoln Park and moved to an impressive new facility in Streeterville. What’s going up at the former site? That question continues to be the subject of debate, CBS 2’s Marissa Bailey reports.
New Marty's Market opens in Strip District: 13-Jul-12 - Regina Koetters can unload a bumper crop of market research as she prepares to sell her first heirloom tomato and locally raised pork. As the owner of the new Marty’s Market to open on Saturday morning in the Strip District, Koetters demonstrates that she did her homework on the region’s food economy.
Photos: Inside Marty's Market in Strip District: 13-Jul-12 - Regina Koetters, owner and founder of Marty's Market. A lieutenant commander in the U.S. Navy with a Masters of Business Administration from the University of Michigan who is originally from Louisville, Koetters said an important factor in choosing Pittsburgh came when she realized how much more often her calls to local commercial real estate companies were returned compared to others.

June 2012

Chicago Lakeside Development Honored As A Top Sustainable Solution at Rio+20: 22-Jun-12 - At its Rio+20 conference in Rio de Janeiro, the United Nations launched its newest worldwide initiative focused on sustainability solutions and sustainable cities. International sustainability legend Gro Harlem Brundtland, media guru and philanthropist Ted Turner, EU Commissioner for Climate Action Connie Hedegaard, and 150 VIP guests celebrated the launch of “Sustainia-100” by naming 100 world leading projects and undertakings. Among the named winners of this prestigious global honor is Chicago Lakeside, a development on the southeast side of Chicago, IL.

May 2012

Canyon-Johnson Urban Funds and McCaffery Interests Close Senior Loan with Prime Finance for the Roosevelt Collection in Chicago: 22-May-12 - Canyon-Johnson Urban Funds (CJUF) and McCaffery Interests (McCaffery) closed on a senior loan from Prime Finance to fund the repositioning of the retail component of the Roosevelt Collection, a transit-oriented mixed-use project in Chicago's South Loop submarket.

April 2012

Checkerboard City: Tripping on Lakeshore Drive: 19-Apr-12 - Earlier this month Mayor Emanuel held a press conference at the former U.S. Steel South Works (USX) site, a weed-strewn piece of vacant land bigger than the central Loop bulging into Lake Michigan from 79th to 92nd. He was there to herald the construction of a new $21 million, four-lane boulevard that will run two miles through the site, intended as the future main street of the proposed Chicago Lakeside Development.
Big Vision for the Lakeside Site: 11-Apr-12 - Extending Lakeshore Drive for two miles through the 600-acre Lakeside Development site is more than road work: It’s the key that'll unlock the enormous development potential of the waterfront property where McCaffery Interests and partner US Steel aim to build. (It's the most meaningful two miles since Daytona.)
McCaffery Interests Announces Chicago’s Lakeshore Drive Will Be Extended: 05-Apr-12 - On Tuesday, April 3rd, McCaffery Interests together with Chicago Mayor Emanuel announced that Lakeshore Drive will be extended by two miles to connect to and continue through Chicago Lakeside Development, a master-planned, nearly 600-acre mixed-use development located on the former US Steel South Works land in Southeast Chicago.

March 2012

Lakeshore Drive Work Spurs $4B McCaffery Plan: 08-Mar-12 - The team representing the $4 billion Lakeside development of the former US Steel plant on the South Side premiered some news in a presentation today, including a sustainable environment study at the site, and that work should start this month on the Lakeshore Drive extension. Nasutsa Mabwa with McCaffery Interests and Philip Enquist with Skidmore, Owings and Merrill spoke this afternoon at a CoreNet Global luncheon at Maggiano’s in the downtown
McCaffery Interests selects Cisco to develop technology master plan for Smart+Connected communities: 06-Mar-12 - Cisco and McCaffery Interests, a Chicago-based real estate investment firm, have extended their collaboration, under which Cisco appointed as the master Information and Communications Technology (ICT) planner for the Lakeside Development project in Chicago.

February 2012

Cisco Selected by Chicago Urban Real Estate Developer to Develop Technology Master Plan for Smart Connected Communities Project: 29-Feb-12 - Cisco and McCaffery Interests, a Chicago-based real estate investment firm, today announced an extension of the two companies' collaboration which sees Cisco appointed as the master Information and Communications Technology (ICT) planner for the Lakeside Development project in Chicago. The project, on the site of the former U.S. Steel mill, aims to develop a Smart+Connected Communitythat will have a positive impact on the economic, social and environmental sustainability of the Chicago area. At the Chicago Lakeside, Cisco's Wim Elfrink, executive vice president of Emerging Solutions and chief globalization officer, and local leaders discussed the role of ICT in revitalizing brownfield sites to create sustainable and innovative neighborhoods.
100 Most Powerful Chicagoans: 80 Dan McCaffery: 15-Feb-12 - McCaffery controls development of the last big unused chunk of Chicago’s lakefront—589 acres, which includes a swath that housed U.S. Steel’s South Works until 1992—and with it the thousands of jobs and contracts needed to get the planned $4 billion mini city on its feet.
Retail developers watch U of C's 'if you build it . . . ' gamble: 04-Feb-12 - From his perch in the Hyde Park Bank building near the corner of 53rd Street and Lake Park Avenue, bank President Tim Goodsell has watched countless efforts at commercialization come and go. “I've been sitting on this street since 1982,” Mr. Goodsell says, “and I've been involved in any number of aborted attempts to get commercial business ginned up here more aggressively. Frankly, I'd gotten to the point that I didn't think much was likely to happen given the economic doldrums.”

January 2012

Akira coming to Hyde Park: 27-Jan-12 - Akira, a rapidly expanding Chicago-based clothing boutique, will open its 19th location, I've learned, in a vacated Borders bookstore in Hyde Park this fall.

December 2011

McCaffery Interests Declares Initiation of 96-Unit Residential Apartment Construction: 22-Dec-11 - The CEO of McCaffery Interests, Dan McCaffery together with the President of Pitt Ohio, Chuck Hammel, declared the initiation of construction for a new 96-unit apartment residence in the Strip District called ‘Lot 24’, named after its location within the Strip District.
Lot 24 in Pittsburgh’s Strip District Commences Construction: 21-Dec-11 - Dan McCaffery, CEO of McCaffery Interests and Chuck Hammel, President of Pitt Ohio, today announced the commencement of construction for “Lot 24”, a new 96-unit apartment residence in the Strip District. McCaffery and Hammel have previously developed The Cork Factory, a most successful and attractive neighbor to the new building.
McCaffery, Pitt Ohio Break Ground on 94-Unit Strip District Project: 21-Dec-11 - McCaffery Interests and Pitt Ohio have broken ground on the 96-unit Lot 24, a multifamily project being positioned on a surface parking lot in the renowned Pittsburgh Strip District.
Developers Start Work On New Strip District Apts.: 21-Dec-11 - A pair of local developers building a new 96-unit apartment project called Lot 24 in Pittsburgh's Strip District announced they have begun construction.
Childrens Memorial Redevelopment Meeting December 14th: 20-Dec-11 - Park West members joined with neighbors from other community associations to review and comment on the conceptual plans for the Children’s Memorial Hospital site at a Town Hall Meeting on December 14, 2011 at the Hospital’s Bigler Auditorium.
Plans for Children's Memorial Hospital Site Becoming Clearer: 15-Dec-11 - To update our coverage of the Children's Memorial Hospital redevelopment, Curbed attended last night's "Conceptual Plan Town Hall Meeting" in Lincoln Park. This is the 24th meeting since McCaffery Interests was selected as developer for the project.

November 2011

Children's Memorial Hospital plan takes shape: 09-Nov-11 - Details on the designs for the redevelopment of Children’s Memorial Hospital’s soon-to-be vacated Lincoln Park campus are beginning to emerge, according to a report from the head of a North Side neighborhood group. In a recent newsletter sent to his membership, Diversey Harbor Lakeview Association Executive Director Gene Fisher outlined a number of updates discussed during a meeting held last week between the group and representatives from McCaffery Interests Inc., the firm behind the upcoming redevelopment of the six-acre Children’s Memorial campus in Lincoln Park.

September 2011

Transformer: Nasutsa Mabwa is only 38-years-old, yet she’s heading the redevelopment of the former U.S. Steel complex on Chicago: 26-Sep-11 - The size of the site is mind-boggling, a 589-acre tract of land that’s as big as The Loop, larger than the entire Schaumburg shopping district, bigger than the Museum Campus. Thirty years ago, it was home to the giant U.S. Steel complex, South Works. Thirty thousand people worked here; there were 160 buildings.
'Abduction' producer Pat Crowley and actor Michael Nyqvist praise Pittsburgh: 23-Sep-11 - Michael Nyqvist plays a villain in "Abduction," the feature film opening today that was shot in Pittsburgh a year ago. Walking the red carpet before last week's premiere in Los Angeles, he said he enjoyed his time living here in the Cork Factory apartments, that "it felt a little bit European."
Discussion starts for Children's Memorial Hospital redevelopment: 19-Sep-11 - A town hall meeting was held Sept. 14 at Children's Memorial Hospital (CMH) to discuss the plans to replace the institution. About 100 attendees comprised of business owners and local residents gathered in the Bigler Auditorium.
Barleycorn, Qdoba reps express fears of vacant Children’s site: 16-Sep-11 - In a presentation at Children’s Memorial Hospital on Wednesday, Lincoln Park residents learned what kind of hole the hospital will leave when it moves downtown, and what a challenge it will be to fill. Ald. Michele Smith (43rd) and Dan McCaffery of real estate developer McCaffery Interests made it clear that they planned to tackle that challenge.
McCaffery Interests to develop Children's Hospital: 12-Sep-11 - In August, McCaffery met privately with leaders of neighborhood groups and the community to seek input regarding the development. "I look at it as a divide-communicate strategy," he told reporters after one meeting. "You get more opinions from more people when you have smaller meetings."

August 2011

Interim Velodrome Track Opens For Business: 23-Aug-11 - The outdoor interim track at Chicago Velo Campus held its first races Sunday, and many curious cyclists and neighbors alike made their way through to watch. Racers competed in track-specific races like the scratch and the miss-and-out, and set the first track records in solo timed events. For some racers the excitement surrounding the casual, fun day of racing meant something more: Sunday's event marked the first Velodrome races held in the city of Chicago in 65 years.
McCaffery Tackles Children's Hospital Redevelopment: 15-Aug-11 - A lot of developers don't have enough to do these days, but Dan McCaffery has the opposite problem. Mr. McCaffery beat out some of the city's top real estate firms last month for the plum assignment to redevelop the Children's Memorial Hospital campus in Lincoln Park. It's one more job on a growing to-do list for a veteran Chicago developer with a taste for big, complicated projects—and some bruises from the recent real estate slump.

July 2011

Signs of Life and Resurgence at the Roosevelt Collection: 26-Jul-11 - Outside of the Roosevelt Collection in the South Loop, a large deck with a finished stairwell overlooks an abandoned lot. Murals covering storefronts have yet to be removed because the Collection’s retail spaces, with the exception of the Kerasotes ShowPlace ICON Theater, remain vacant.
Developer adds to sites in Old Town: 17-Jul-11 - Douglas Development is creating a retail hub in Old Town Alexandria that may one day rival its shopping lineup in Penn Quarter. The D.C.-based commercial real estate firm, in partnership with McCaffery Interests out of Chicago, recently snagged 610-612 King St., a 10,000-square-feet retail space, for $2.8 million.
CHILDREN’S MEMORIAL HOSPITAL SELECTS McCAFFERY INTERESTS TO: 14-Jul-11 - Children’s Memorial Hospital today announced that it has selected Chicago development firm McCaffery Interests, Inc. to begin contract negotiations to re-develop its Lincoln Park properties when the hospital moves downtown in June of 2012. This announcement follows an extensive review of nine development proposals over the past several months.
Children's Memorial Hospital site redeveloper will be McCaffery Interests: 14-Jul-11 - McCaffery Interests Inc. has been tapped to redevelop the Children’s Memorial Hospital property in Lincoln Park. The project at the six-acre campus, located at the intersection of Halsted Street and Lincoln and Fullerton avenues, could bring hundreds of new homes and a slew of stores to the well-heeled North Side neighborhood.
Children’s Memorial selling Lincoln Park site to McCaffery: 14-Jul-11 - Children’s Memorial Hospital said today it has selected McCaffery Interests Inc. as the buyer of its Lincoln Park property. The hospital said it picked McCaffery from among nine competing proposals over the past several months.
Children's Memorial to sell Lincoln Park site to McCaffery: 14-Jul-11 - Children's Memorial Hospital announced Thursday that it is in contract negotiations with Chicago-based development firm McCaffery Interests Inc. for the sale and redevelopment of its Lincoln Park properties when the hospital moves downtown in June 2012.
Pieces of Temporary Velodrome Arrive To South Side: 13-Jul-11 - Dave Matthews & company have packed up and left South Works, and by most accounts, the show left a better impression than his last visit to Chicago. What's next for the 600-acre former steel plant? Ultimately, McCaffery Interests plans to build an enormous new community there, but in the immediate future, the main attraction will be a temporary velodrome. An anonymous tipster sent along this photo earlier this week, announcing that the first shipment of construction materials had arrived. Emanuele Bianchi is the man with the velodrome plan, and in late 2013 he hopes to build a sleek indoor velodrome facility that would include a restaurant, an Olympic-size pool and a volleyball court. McCaffery appears to be on board with the plan, but the group will have to raise $45 million for it to be realized. According to the Chicago Velo Campus website, the target date for the temporary track to open is the first week of August.
Jackson thanks rocker for USX site concerts: 12-Jul-11 - WASHINGTON | U.S. Rep. Jesse Jackson Jr. on Monday thanked the Dave Matthews Band for hosting a music festival at the former USX site on the Southeast Side. "Thank you Dave Matthews! This is awesome," said Jackson, who attended the music festival with his family. "The DMB Caravan shined a light on Chicago's southern lakefront and showed the world that the South Side can host a major arts festival. Tens of thousands of people came to the South Side and had a lot of fun without a single incident."
What next for Lakeside?: 11-Jul-11 - By most accounts, last weekend’s three-day Dave Matthews Band Caravan marked the successful debut of Lakeside, the former location of the United States Steel Corporation’s South Works plant, as Chicago’s newest concert site.
Photo essay: People-watching at Dave Matthews' South Chicago caravan: 11-Jul-11 - It was quite the spectacle watching people streaming in to Lakeside--the former USX Steel site in the South Chicago neighborhood--for the three day, 39-act Dave Matthews Band Caravan festival that concluded last night. WBEZ's Robin Amer did a fantastic blog post last week that was a set-up piece for the concerts and explained the USX site's history and condition. But for a Southeast Side native such as myself (Chicago Vocational High School, Class of 1983) who spent the last half of my childhood in a house my parents owned at 84th and Constance just northwest of this South Chicago neighborhood (I also covered the South Chicago for the old Southtown Economist newspaper in the early 1990s) it was a blast returning to the neighborhood and the site and capturing some of the people I saw there.
Untapped Chicago Real Estate About to Bloom: 10-Jul-11 - The Dave Matthews Band Caravan — a four-stop summer festival featuring 39 bands — has been playing in Chicago this weekend. Tens of thousands have attended each day of the three-day party, which is not at Grant Park or Navy Pier or Soldier Field, but a 470-acre prairie of nothingness on Chicago’s South Side.
Dave Matthews Band Caravan: biggest South Side event since ‘33: 09-Jul-11 - The Dave Matthews Band Caravan is the biggest single South Side entertainment event since the 1933 World’s Fair. Nearly 30,000 music fans came out on Friday to the former site of U.S. Steel’s South Works at 87th and Green Bay along Lake Michigan to see Matthews, the Drive By Truckers, Ray Lamontage and others. A beautiful antique ferris wheel sourced from a Phish concert greeted fans as they walked into the site that once employed 50,000 steel workers.
Dave Matthews Band Caravan: Everything you need to know: 08-Jul-11 - Just when it seemed Chicago was jam-packed with summer festivals, a strange confluence of bedfellows – rival promoters Jam Productions and Live Nation, several South Side aldermen, and jam-band kingpin Dave Matthews – got together earlier this year and decided to stage another one on a huge parcel of lakeside property that can only be dubbed the “Nearly Forgotten Chicago.”
Dave Matthews Caravan Rolls Into Southeast Side: 08-Jul-11 - Music along Chicago’s lakefront is nothing new–Lollapalooza has called Grant Park home for years–but this weekend it’s the Southeast Side that’s playing host to a concert fest.
A steel mill site’s second act: 07-Jul-11 - When Dave Matthews Band Caravan comes through Chicago Friday, the concert’s musicians will be playing at a site with a lot of history. The three-day festival features 39 bands curated by DMB, who will headline the show each night. The tour’s first stop in Atlantic City in June drew an estimated 70,000 fans, and Jerry Mickleson, cofounder of Chicago-based concert promoter Jam Productions, which is producing the Chicago stop of the tour with Live Nation/Ticketmaster, says he expects the Chicago show to be just behind Lollapalooza in terms of attendance. According to the Chicago Sun-Times, Lollapalooza attracted 240,000 attendees in 2010, or 80,000 each of the three days.

June 2011

Dave Matthews Band Caravan rolls into South Works: 30-Jun-11 - At the dawn of last summer’s concert season, the Dave Matthews Band posted an announcement to its website: The veteran group would not be touring in 2011. That’s non-news for most bands, but Matthews & Co. had been out every summer for 20 years. The fact that they wouldn’t grace some outdoor venue marquees for a full calendar was worth noting.
Children’s Hospital bidding hits key stage: 29-Jun-11 - Expect sweaty palms today among developers vying to take over the Children’s Memorial Hospital property in Lincoln Park. The hospital’s lengthy bid evaluation for its six-acre property has hit a crucial stage. Three development teams in the running for the deal will make final pitches today to a committee of hospital directors.
The impact of the Dave Matthews Band Caravan: 29-Jun-11 - When announcements for the Dave Matthews Band Caravan began appearing last spring, its Far Southeast Side setting—around 83rd Street on the lakefront—piqued as much curiosity as excitement about the touring festival, whose Chicago stop (July 8–10) features Matthews headlining three nights. “I don’t think I’ve ever been that far south,” says Katie Marta, 30, a DMB diehard from Lincoln Park. “And I bet over 95 percent of the people going have never been close to being in that area.”
Dave Matthews Caravan a field of dreams: 28-Jun-11 - The irony would be stronger if the music festival's headliner were a poet-of-the-working-class type, a Bruce Springsteen or a Billy Bragg. But even with Dave Matthews and his more personal songwriting concerns fronting the show, it's still a stark transition. For decades, at the U.S. Steel South Works site on Chicago's South Side lakefront, tens of thousands poured through the gates daily to turn iron ore into the beams that hold up the likes of Willis Tower and the John Hancock Center, their time and effort into the paychecks that supported the neighborhoods surrounding the site.
Canyon, McCaffery Buy Troubled Roosevelt Collection: 14-Jun-11 - A joint venture of Los Angeles-based Canyon-Johnson Urban Funds and locally based McCaffery Interests has purchased the troubled retail-residential Roosevelt Collection from Centrum Properties. Reports put the price paid at between $160 million to $175 million, much less than roughly $300 million the complex cost to build.
Roosevelt Road developer must fill 300,000-square-foot void: 13-Jun-11 - After acquiring a struggling mixed-use complex in the South Loop, a joint venture including local developer Dan McCaffery now faces a new challenge: filling nearly 300,000 square feet of vacant retail space in the project. Read more: http://www.chicagorealestatedaily.com/article/20110613/CRED03/110619964/roosevelt-road-developer-must-fill-300-000-square-foot-void#ixzz1PHj4ET6s Stay up-to-date on Chicago real estate with our free, daily e-newsletter

May 2011

2011 rada The Cork Factory Lofts, Pittsburgh Adaptive Reuse / Merit: 03-May-11 - Built in 1901, the former Armstrong Cork Factory now gleans with a fresh makeover after Antunovich Associates converted it into 297 loft apartments. The firm restored worthwhile elements such as the red brick, silo, and engine room, but, on the adjacent lot, it added necessary elements for modern habitation: a 427-space parking garage and 47,000 square feet of retail. Units are highlighted by 14-foot exposed ceilings, exposed brick walls, and riverfront views.

April 2011

Children’s Memorial Cuts Redevelopment List to Four: 18-Apr-11 - CHICAGO-Children’s Memorial Hospital here, with assistance from US Equities, has narrowed a list of nine teams to four for the redevelopment of the hospital’s current Lincoln Park site. The hospital is moving to a $1 billion new facility on the campus of Northwestern University. The four companies are Children’s Hospital Development Co., formed by developers David Ruttenberg and Greg Merdinger (GREC Architects); a Hines Interests/Magellan Development Group joint venture (HOK); McCaffery Interests (Antunovich Associates); and Related Cos (Skidmore, Owings and Merrill). A hospital spokeswoman said in a statement that the four were selected based on creativity, experience, price and willingness to work with neighborhood concerns, documented in a study created by HOK.
Four bidders vie for Children’s Memorial Hospital site: 16-Apr-11 - Children’s Memorial Hospital, which is selling its Lincoln Park property, said Friday it has narrowed to four its list of developers wanting to buy it. The survivors were picked from nine development teams that vied for the six-acre site, a coveted slice of a busy, upscale neighborhood. The hospital has said it will select a winner with an eye on who can work best with local groups that will try to influence the development.
Children’s Memorial whittles developer candidates: 15-Apr-11 - Four development teams have made the first cut in the competition to redevelop the Children’s Memorial Hospital property in Lincoln Park, a parcel coveted by developers for its location and size. Read more: http://www.chicagorealestatedaily.com/article/20110415/CRED03/110419904/children-8217-s-memorial-whittles-developer-candidates#ixzz1JciWzwIM Stay up-to-date on Chicago real estate with our free, daily e-newsletter
Dave Matthews three-day Caravan festival coming to Chicago's lakefront July 8-10: 07-Apr-11 - As expected, the second Dave Matthews Caravan festival will be in Chicago this summer, July 8-10 at Lakeside, a former industrial site on the South Side that's now a dormant residential development near 85th Street and the lakefront. So much for Matthews and his band taking the year off. They previously announced a Caravan three-day fest for June 24-26 in Atlantic City, N.J. August and September dates are expected in two other cities to come.

March 2011

Converted Loft Property in Pittsburgh Wins Adaptive Reuse Award: 28-Mar-11 - Pittsburgh–Residential Architect, a publication of the American Institute of Architects, received 824 entries in 14 categories for its annual Residential Architect Design Awards, and after an arduous judging process, selected 40 projects–and The Cork Factory in Pittsburgh was one of them. Real estate company McCaffery Interests Inc. handily transformed a turn-of-the-century warehouse complex into a thriving residential property with 297 loft apartments, while maintaining the original facility’s celebrated historic features. And for that, McCaffery’s Cork Factory has been recognized with a Merit Award in the Adaptive Reuse category.
McCaffery Interests, Inc. Announces Award for The Cork Factory Lofts and Plans for New Development: 21-Mar-11 - McCaffery Interests, Inc., a privately-owned real estate company, located in Chicago, IL, today announces The Cork Factory has been recognized with a Merit Award in the category of Adaptive Reuse from the 2011 Residential Architect Design Awards (RADA). Residential Architect is a publication of the AIA and the awards will be handed out at the AIA meetings in New Orleans in May 2011. Over 800 applicants were received and 40 projects were bestowed with honors.
McCaffery Interests, Inc. Announces Award For The Cork Factory Lofts And Plans For New Development: 21-Mar-11 - To follow-up on the success of The Cork Factory, a new boutique-sized apartment development is currently being planned for the land adjacent to The Cork Factory. The project is the second collaboration between McCaffery Interests and local businessman, Chuck Hammel.
Forging a community at steel mill site | Dealmakers | Crain's Chicago Business: 17-Mar-11 - The plans are in place. Now Ed Woodbury must show that his company, McCaffery Interests Inc., can deliver on its promise to develop one of the biggest vacant sites in the city: the 589-acre South Works steel-mill property.
Chicago China Investment Launches at SOM: 17-Mar-11 - Chicago Mayor Richard M. Daley and Chinese Consul General Yang Guoqiang today launched from SOM Chicago a 10-day investment-attraction mission to five cities in the Peoples Republic of China.
On the Vacant Site of a Chicago Steel Mill, SOM Knits a Neighborhood Back into the Lake Michigan Waterfront: 04-Mar-11 - Considering the density of Chicago and the top-shelf prices that lakefront real estate attracts, it might seem odd that plans are currently underway to develop a nearly 600-acre site in the city itself directly alongside Lake Michigan. But with the shuttering of South Works, a steelmaking plant that U.S. Steel used to fabricate much of the raw material that went into Chicago’s epic skyline, that’s precisely what’s happening.

February 2011

McCaffery Interests, Inc. and Douglas Development Corporation Announce Purchase of 675 H Street in Washington, DC: 24-Feb-11 - McCaffery Interests, Inc. and Douglas Development Corporation, privately owned and fully integrated real estate companies, located in Washington, DC, today announced that a newly formed joint-venture JMR, LLC has acquired 675 H Street located in Washington, DC. Douglas Jemal and Daniel McCaffery are co-managing general partners of the Venture.
McCaffery Interests-Douglas Development partnership buys 675 H St. NW: 24-Feb-11 - McCaffery Interests Inc. and Douglas Development Corp. bought 675 H St. NW at auction Wednesday for an undisclosed amount, finally staking claim to a parcel that has sat in limbo for years. Read more: McCaffery Interests-Douglas Development partnership buys 675 H St. NW | Washington Business Journal
Reimagining the Tonawandas: 21-Feb-11 - The Tonawandas are experiencing an upsurge in commercial real estate activity, and some hope the high-end housing developments and new interest in restaurants and other recreational offerings could help redefine the area at the end of the Erie Canal.
BIG PLANS: 03-Feb-11 - As McCaffery Interests celebrates its 20th year, it has promoted former VP Ed Woodbury to president and founder Daniel McCaffery to chairman, giving Ed day-to-day responsibilities for the hundreds of acres of development across the country.
McCaffery Tweaks Leadership for Expansion: 01-Feb-11 - Dan McCaffery, founder of McCaffery Interests, has changed his title to chairman and has promoted Ed Woodbury to president. McCaffery, who is leading a $4 billion steel plant redevelopment on the South Side, also has hired former Zifkin Realty President Yvonne Young as managing director of asset and property management.

January 2011

Tyler R, Quast, CCIM joins McCaffery Interests, Inc. as Director of Property Services and New Business: 31-Jan-11 - McCaffery Interests, Inc., a privately owned, full-service commercial real estate company with offices in Chicago, IL and Washington, DC, today announces that Tyler R. Quast, CCIM, has been named Director of Property Services and New Business. Effective immediately, Mr. Quast will direct product leasing and management with a focus on securing new third-party services business. In this role, Mr. Quast will manage existing retail leasing assignments and lead efforts to enhance the firm’s visibility and promote McCaffery Interests’ diverse services to third-party clients.
Yvonne A. Jones, CPM, CCIM, Named Managing Director of Asset and Property Management with McCaffery Interests: 31-Jan-11 - McCaffery Interests, Inc., a privately owned, full-service commercial real estate company with offices in Chicago, IL and Washington, DC, today announces that Yvonne A. Jones, CPM, CCIM has been named Managing Director of Asset and Property Management. Effective immediately, Ms. Jones will oversee McCaffery Interests’ managed assets portfolio while leading and growing the company’s management services group to include third-party asset and property management of retail, office, residential and mixed-use properties located throughout the United States.
The South Side Gets Its Lakefront Back: 26-Jan-11 - The little brick office at 85th and Green Bay is the last remaining structure from the old U.S. Steel mill. It used to be the company credit union, and there’s still a vintage clock on the wall, hands pointed upward to noon. U.S. Steel closed for good in 1992, but the 369 acres it occupied for nearly a century is about to find a new purpose, starting in this building.
Exciting new restaurant concept to open at Flair Tower: 24-Jan-11 - While Chicagoans really got a taste of izakaya-style cooking in 2010, this May the city will get introduced to its very first Japanese BBQ bar, or kushiyaki, Union Sushi + Barbeque Bar. The River North spot teams first-time restauranteur Mike Schatzman with former Sushi Wabi exec chef Worachai Thapthimkuna, a.k.a. Chao.
McCaffery Interests, Inc. Announces New Company Chairman, President and Expansion Plans: 24-Jan-11 - McCaffery Interests, Inc., a privately owned, full-service commercial real estate company with offices in Chicago, IL and Washington, DC, today announces a company expansion and new Chairman and President. The changes are designed to further advance McCaffery Interests as an innovative, integrated and agile commercial real estate leader with a next generation of leadership and services firmly in place. Effective immediately, the heart of the reorganization includes:
Crains: Management shifts at McCaffery: 24-Jan-11 - Ed Woodbury has been promoted to president of Chicago development firm McCaffery Interests Inc., while founder Daniel McCaffery, 63, takes the new title of chairman. Mr. Woodbury, who was a vice-president with the firm, will now oversee the executive management team and head all aspects of development. Read more: http://www.chicagorealestatedaily.com/article/20110127/CRED03/110129857/in-brief-mccaffery-borders-strategic-hotels#ixzz1DZlTi28q Stay up-to-date on Chicago real estate with our free, daily e-newsletter
Alderman proposes site by Lake Michigan for Obama's presidential library: 21-Jan-11 - Chicago Alderman Sandi Jackson says she thinks she has found the perfect site for the Barack Obama Presidential Museum and Library
THE MORGAN AT LOYOLA STATION RECEIVES LEED® SILVER CERTIFICATION FROM THE UNITED STATES GREEN BUILDING COUNCIL: 18-Jan-11 - McCaffery Interests, Inc is pleased to announce that The Morgan at Loyola Station has achieved LEED® Silver Certification from the United States Green Building Council (USGBC). The LEED Green Building Rating System is the USGBC’s leading ranking classification for designing and constructing the world’s greenest, most energy-efficient and high-performing buildings.

December 2010

The New York Times: Chicago to Redevelop U.S. Steel Site on Lakefront: 28-Dec-10 - CHICAGO — A plan to redevelop the site of the long-closed U.S. Steel plant on the south lakefront here is ambitious even in a city whose attitude has long been Daniel Burnham’s maxim, “Make no little plans.”
Children's Memorial site attracts blue-chip bidders: 22-Dec-10 - Nine development groups, including Chicago-based firms John Buck Co., Golub & Co., and McCaffery Interests Inc., are vying to redevelop the Children's Memorial Hospital site in Lincoln Park, a project that could bring hundreds of new homes and a slew of stores to the well-heeled North Side neighborhood. Read more: http://www.chicagorealestatedaily.com/article/20101222/CRED03/101229966/children-8217-s-memorial-site-attracts-blue-chip-bidders#ixzz18sGip1if Stay up-to-date on Chicago real estate with our free, daily e-newsletter
McCaffery Begins Marketing for Ambitious Chicago Lakeside Development: 16-Dec-10 - McCaffery Interests Inc. has kicked off the marketing of Chicago Lakeside Development L.L.C., a joint venture of McCaffery and United States Steel Corp., by opening a 2,000-square-foot marketing center on the site of the development. Chicago Lakeside is an ambitious plan for a mixed-use property at the former U.S. Steel South Works on the South Side of Chicago, on the shore of Lake Michigan.
Chicago Tribune: BIG things in store for South Works?: 15-Dec-10 - You never know what you might discover when you have an interview with a real estate developer. Last Friday, while touring the massive South Works site with developer Dan McCaffrey, I learned that McCaffrey will be meeting in Chicago Wednesday with Bjarke Ingels, who heads the rising Danish firm BIG (its initials stand for Bjarke Ingels Group).
Globe St.com: McCaffery Talks About $4B Lakeside Plan: 13-Dec-10 - Dan McCaffery, president and chief executive officer of McCaffery Interests, says while his company's $4 billion Lakeside development on the South Side along Lake Michigan sounds grandiose when construction is almost nil, he has to have faith. His company recently opened a 2,000-square-foot marketing center for the project at the last remaining building on the US Steel site. "Chicago needs game changers," McCaffery says. "Beautiful projects
Chicago Lakeside Development Opens Marketing Center: 09-Dec-10 - Signifying the beginning of formal marketing, Chicago Lakeside Development, LLC, a venture of Chicago-based McCaffery Interests, Inc. and Pittsburgh-based United States Steel Corporation, formally announces the opening of its 2,000-square-foot marketing center. The Chicago Lakeside Marketing Center is housed in the only remaining structure on the nearly 600-acre former U. S. Steel South Works steel production plant located between 79th and 91st Streets on Lake Michigan’s shore. The structure was originally built in 1917 and has been transformed to reflect the development’s vision and opportunity, while maintaining the historical impact.
Chicago Suntimes: No Disputing Lake Shore Drive Views: 09-Dec-10 - We could argue at length about the best view from Lake Shore Drive. A lot of South Siders will tell you it’s the spot coming north at about 50th Street where the road takes a subtle twist just past some of those Hyde Park condos and everything unexpectedly opens up so that the skyline lays out majestically in front of you over the water as if downtown jutted into Lake Michigan.

November 2010

Backlick Shopping Center Announces lease with Chick-fil-A: 04-Nov-10 - McCaffery Interests, Inc. and Principal Real Estate Investors are pleased to announce they have executed a lease agreement with Chick-fil-A® , the quick-service chicken restaurant chain sweeping the nation, to open a new location at Backlick Shopping Center located on Backlick Road in Springfield, Virginia. The 4,200 SF restaurant is the first Chick-fil- A® in the Springfield area. Scheduled to open July 2011, the new Chick-fil-A® restaurant will feature a convenient, award-winning drive-thru and an indoor play area featuring an interactive section for toddlers.
Crain's- 40 Under 40: Making a Difference in Chicago: 01-Nov-10 - Nasutsa Mabwa has sold City Hall on her company's plan to redevelop the former South Works steel mill site, a nearly 600-acre expanse on the south lakefront that has been vacant for almost two decades.

September 2010

Big Plan on the Lakefront: 17-Sep-10 - By BLAIR KAMIN Chicago just gave its stamp of approval to an enormously promising plan to transform the vast, long-shuttered U.S. Steel plant site on its far southeast lakefront into a thriving community of high-rise apartments, town homes, shops, offices, medical facilities and parks.
South Works Plan: City Within a City: 17-Sep-10 - By ANTHONY PONCE Now that the city has approved $98 million in financing for the first phase of rebuilding the U.S. Steel South Works site, the project's managers are revealing the breadth of their ambitious plans.
Council Approves $4B Lakeside Project Plan: 15-Sep-10 - CHICAGO-The City Council has approved a redevelopment agreement for the first phase of a $4 billion redevelopment project of a former steel plant site, being planned by a partnership of McCaffery Interests and US Steel Corp. The city will contribute $96 million in a TIF for the project on the South Side, an area not known for commercial success.
They Learn on the Job: The Flats Loyola undergrads run boutique hotel: 14-Sep-10 - McCaffery Interests developed The Morgan at Loyola Station to be sensitive to the surrounding residential neighborhood. In response to that concern, McCaffery proposed that the portion of the garage being constructed along the primarily residential Arthur Avenue, be lined with residential units that complimented in scale and character, the nearby homes. McCaffery Interests encouraged Loyola University to consider a use for these units. Loyola took up the challenge and agreed to own and develop the units. They determined that the units would be ideal as short-term stay hotel units for visiting parents and faculty. The interior design and the on-going management of the units was successfully led by students in the business school. This melding of creative ideas and hands-on work for the students has proven to be successful for all.
Washington Smart Growth Alliance: 11-Sep-10 - Washington Smart Growth Alliance Recognizes Three Development Proposals in the National Capital Region – Two Receive Joint Recognition by the Alliance and the ULI Terwilliger Center for Workforce Housing
Lakeside Press Release: CHICAGO CITY COUNCIL APPROVES CHICAGO LAKESIDE DEVELOPMENT, LLC PHASE 1 REDEVELOPMENT AGREEMENT: 09-Sep-10 - Chicago Lakeside Development, LLC, a venture of Chicago-based McCaffery Interests, Inc. (www.mccafferyinterests.com) and Pittsburgh-based U.S. Steel Corporation (www.ussteel.com) today announced that the Chicago City Council has approved a redevelopment agreement (RDA) for the creation of Phase 1 of the Chicago Lakeside Development Master Plan. The plan is Phase 1 of a proposed development of nearly 500 acres on the southeast side of Chicago. Phase 1 will include the construction of new public infrastructure and the mixed-used development identified as The Market Common, an 800,000 square foot project featuring retail, restaurants, entertainment venues and residential units.

August 2010

South Works Revisted: 25-Aug-10 - Even as the real-estate boom has gone bust and the economy struggles to recover, Chicago's moving to address one of its greatest development opportunities. Yes, the timing hardly could be worse. But the potential — wow, there is potential at the huge vacant tract on the city's South Side where the U.S. Steel South Works once operated.
Chicago Plans $4B Urban Village: 25-Aug-10 - A planned two-mile relocation of Chicago’s South Shore Drive, about 10 miles south of the city’s downtown, is spurring a $4-billion megaproject to turn the vacant 530-acre site of a former U.S. Steel mill on Lake Michigan into a new community with nearly 14,000 housing units.
Alexandria Approves Potomac Yards Redevelopment to Include Construction of a New Metrorail Station: 12-Aug-10 - News Highlights: • The plan provides the framework to transform the Potomac Yard Retail Center into a 69-acre, 7.5 million square feet, mixed-use, transit-oriented development • The redevelopment will occur in conjunction with the construction of a new Metrorail station and high-capacity transit
South Shore Drive Expansion: 06-Aug-10
Chicago Sun-Times: Choosy renters shop for sites with best amenities: 05-Aug-10 - BY CELESTE BUSK Today's apartment hunters are looking for plenty of cool amenities, says one rental expert. "Renters want luxuries like a balcony, hardwood flooring and kitchens with granite countertops and stainless steel appliances," said Justin Elliott, founder and chief executive officer of Chicago Apartment Finders, which has four branches in the city.
Funding Sought for U.S. Steel Site in Chicago: 05-Aug-10 - By Kathy Bergen, Hal Dardick and John Byrne, TRIBUNE REPORTERS The long-dormant expanse of lakefront property that once housed the U.S. Steel South Works plant inched closer to rebirth as a new Southeast Side community on Wednesday when Mayor Richard Daley asked the City Council to kick in up to $98 million in infrastructure costs.
Mayor Richard Daley supports plan to use nearly $100 million in bonds to build a new development on the former U.S. Steel site: 02-Aug-10 - July 28, 2010 (CHICAGO) (WLS) -- Chicago Mayor Richard Daley is proposing a plan to use nearly $100 million in bonds to build a new development on the former U.S. Steel site in the city's 7th Ward.

June 2010

Alexandria to rezone Potomac Yard around new Metro stop: 14-Jun-10 - The Alexandria City Council voted Saturday to rezone the 69-acre North Potomac Yard area in an effort to convert the big-box retail center into a mixed-use development, complete with a new Metro stop on the Blue and Yellow lines. Read more: Alexandria to rezone Potomac Yard around new Metro stop - Washington Business Journal
Downtown Chicago rental market soaring: 13-Jun-10 - By Mary Ellen Podmolik, Tribune reporter One morning last week, Fabio Mazzilli warmed up by shooting hoops on a full-size basketball court and later relaxed in an outdoor spa tub before getting ready for work.
Flair Tower: MHN Online - Mixed-Use Tower, Containing 198 Luxury Apartments Opens in Chicago: 04-Jun-10 - By Eugene Gilligan, Contributing Writer Chicago–A mixed-use, 26-story high-rise building, Flair Tower, featuring 198 luxury apartments and 9,500 square feet of retail, celebrated its grand opening with a VIP reception and public open house on Thursday evening.
Press Release: Flair Tower Grand Opening: 03-Jun-10 - Today, McCaffery Interests, Inc., (www.mccafferyinterests.com) a privately held commercial real estate company, celebrates the official Grand Opening of Flair Tower (www.flairtower.com), a mixed-use 26-story high-rise building featuring 198 luxury apartments and 9,500 square feet of retail located in Chicago’s artsy River North District. The occasion of the Grand Opening will be marked with a VIP Reception and Public Open House scheduled for this evening, June 3, 2010 from 6- 8 pm.
Major development at old South Works site gets thumbs up from aldermen: 03-Jun-10 - Posted by John Byrne at 2:30 p.m. A massive lakefront housing and shopping development pegged for a former South Side steel mill took another step toward becoming reality today when the City Council Zoning Committee signed off on it.

May 2010

Flair Tower: Chicago Business Today - Appetite for Apartments: 26-May-10 - Downtown landlords are smiling this spring. The occupancy rate for top-tier apartment buildings rose to 93.6% in the first quarter, up from 90.9 percent a year ago. This is according to Appraisal Research Counselors. A key gauge of demand is rising at its fastest pace in the past decade. The number of occupied downtown apartments rose by almost 2,200 units from a year ago. It’s surprising, with the high unemployment rate. Apartment demand is usually low when the jobless rate climbs, as would-be tenants try to save money with roommates or living with mom and dad. On top of a lousy job market, there also has been a wave of new construction. Developers have added more than 4,000 units to downtown since the beginning of 2008 and will add another 800 by the end of the year. Flair Tower opened in March. General Manager Lauren Dolan says there was some nervousness about the market before construction of the 200-unit River North building was completed. But traffic and leasing has met and even execeeded her expectations.
Panel OKs $96-million TIF subsidy for South Works project: 11-May-10 - By: Gallun A rendering of the proposed South Works project, which would eventually have 13,575 residential units, 17.5 million square feet of commercial space and a 1,500-slip marina. (Crain's) — A city panel on Tuesday approved $96 million in tax-increment financing to help pay for a major shopping center and nearly 1,000 homes on the massive South Works property on the south lakefront.
Press Release: Expansion of Third Party Property Management Services: 03-May-10 - McCaffery Interests, Inc., (www.mccafferyinterests.com) a privately owned commercial real estate company, announces today the appointment of Mr. Carlton Diehl as Vice President of Property Management. Mr. Diehl will be responsible for managing the expansion of the third party management business. In particular he will focus on asset and property management opportunities for residential, retail, and office properties with an emphasis on premium properties in the Midwest and Eastern half of the United States.

April 2010

Press Release: The Morgan at Loyola Tricoci University: 20-Apr-10 - McCaffery Interests, Inc. announces today that Tricoci University of Beauty Culture® will open a new location at The Morgan at Loyola Station, a McCaffery Interests mixed-use development. Tricoci University is a privately-held company based in Chicago that is redefining the beauty education industry.
Press Release: The Market Common SouthShore Zoning Approvals: 20-Apr-10 - McCaffery Interests, Inc. (www.mccafferyinterests.com) announced today that its affiliated development company, Chicago Lakeside Development, LLC a public-private partnership between U.S. Steel Corporation and McCaffery Interests, has received the approval of the Chicago Plan Commission for the Chicago Lakeside Development Master Plan and the enactment of a Planned Development Ordinance providing Phase 1 of the site with the required land use entitlements required to move forward with the project.
Press Release: Carlton Diehl Joins McCaffery Interests: 01-Apr-10 - Carlton Diehl has accepted the position of Vice President of Property Management and will be located in the Washington, DC office of McCaffery Interests.

December 2009

McCaffery Interests Wins ICSC "US Design & Development Award" for the Market Common, Myrtle Beach: 10-Dec-09 - The Market Common, Myrtle Beach (www.marketcommonmb.com), a signature McCaffery Interests (www.mccafferyinterests.com) mixed-use development located in Myrtle Beach, South Carolina (www.cityofmyrtlebeach.com) has been named “Silver Winner” in the 2009 “US Design and Development Awards” by the International Council of Shopping Centers in the category of Innovative Design & Development of a New Project.

May 2009

Urban Land Institute awards The Cork Factory 2009 Award of Excellence: The Americas McCaffery Interests Wins Again!: 15-May-09 - The Cork Factory, a signature McCaffery Interests, Inc. (www.mccafferyinterests.com) mixed-used development located in Pittsburgh, PA has been named the winner of the "2009 Award of Excellence: The Americas" by the Urban Land Institute (www.uli.org).

April 2009

The Chicago Sun Times: The Morgan: 29-Apr-09 - Renters looking for a brand new apartment development in the Rogers Park neighborhood can head to the Morgan at Loyola Station. The luxury 5.4-acre development, at 1209 W. Arthur, will welcome the first renters in May.
The Chicago Reader: The Market Common SouthShore: 29-Apr-09 - One of the biggest challenges in trying to rebuild the economy of the industrial midwest is to find new uses for property that once housed factories and mills and now sits idle, yielding no tax revenue or jobs.
Chain Store Age: The Morgan: 01-Apr-09 - Loyola University’s new neighbor has a green thumb. The $54.5-million the Morgan at Loyola Station will not only feature 152 residential apartments and 33,000 sq. ft. of retail, but, should it achieve the LEED-NC (Leadership in Energy and Environmental Design — New Construction) certification it seeks, it will be the first certified mixed-use residential building in the Rogers Park area of Chicago.

February 2009

AIA Press Release: The Market Common SouthShore: 16-Feb-09 - The former site of United States Steel Corporation’s South Works located on the Southside of Chicago has won national recognition from the American Institute of Architects (AIA). Under consideration for redevelopment, the more than 600 acre site has been awarded the prestigious American Institute of Architects (AIA) 2009 Honor Award for Regional and Urban Design.

January 2009

Massive new green development planned for abandoned U.S. Steel site: 14-Jan-09 - Chicago city planners said this week they will soon submit a proposal to create a green community on old U.S. Steel land in South Chicago. They envision redeveloping more than 1,100 acres into a new sustainable neighborhood of green buildings, a new lakefront park, streetcars and bicycle paths.