Chicago’s Awful Divide
This is a great in-depth article about Chicago and the challenges for people living in under-served neighborhoods. Client Leon Walker, DL3 Realty, was interviewed regarding his work on the Whole-Foods anchored Englewood Square development.
New Discussion Paper on Venture Development Released by DL3 Capital
CHICAGO (Nov. 2, 2017) – Leon I. Walker, managing partner, DL3 Capital, has released a discussion paper designed to share his experiences in an emerging field of real estate development that he calls “Venture Development.” The document, titled, “Venture Development: an Opportunity for Private Investors to Drive Concordant Change in the American Inner City,” is available for review at http://www.dl3realty.com/venturedevelopment.
Venture Development is a modern, sustainable economic development strategy through which equity investors can pursue positive holistic change in urban neighborhoods, while earning competitive risk-adjusted financial returns.
DL3 has successfully implemented this practice by developing real estate projects that have helped revitalize Chicago’s urban communities. Its projects are more than just bricks and mortar. They are designed to provide an economic stimulus that ultimately lifts economic prospects and quality-of-life for local residents.
Travelers Prefer to Pick and Choose Hotel Services according to GO Group Survey
CHICAGO (Feb . 02, 2018) – Sixty-six percent of GO Group survey respondents said they would prefer to pick and choose hotel services and pay accordingly rather than have one bundled price with charges for services not used.
The GO Group LLC, an international ground transportation provider, conducted the survey and more than 150 people responded.
Of the 34% of participants who said they preferred one price, several commented they chose this option only if all rates and fees were provided at booking and not at check out.
DL3 Realty Breaks Ground for Woodlawn’s New Jewel-Osco
Development will Eliminate a Known Food Desert
CHICAGO (March 8, 2018) – On March 7, Leon Walker, managing partner, DL3 Realty broke ground along with Mayor Rahm Emanuel and community leaders at 61st Street and Cottage Grove where a new Jewel-Osco will be developed.
The project, a joint venture of DL3 Realty and Terraco Real Estate Development and Management, is a 48,000 square-foot development located in Woodlawn, an emerging community that is home to the University of Chicago’s South Campus and just minutes from the future Obama Presidential Center. The full-service grocery store and drive-through pharmacy will eliminate a food desert, bringing high-quality fresh food options and more than 200 jobs to the Woodlawn community. The store is expected to open in early 2019.
The Preservation of Affordable Housing Chicago, (POAH) sold the site to DL3 Realty and Terraco last year for $2M. It is the last parcel of undeveloped land from the former Grove Parc public housing projects.
Big Increase in Travel Frequency Expected in 2018 According to GO Group Survey
CHICAGO (December 28, 2017) — When asked about travel plans for 2018, 27% of respondents plan on traveling more for business in 2018 compared with 2017 and 33 percent said they would be traveling more for leisure.
When the same survey was conducted last year, just 15% of respondents stated they planned on traveling more frequently for business and 21% more for leisure compared with 2016.
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