Riverside Investment & Development

Name

Riverside Investment & Development

Legal name

Riverside Investment & Development

Website

https://riversideid.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Development Fees: Development fees earned from managing and developing commercial real estate projects for joint venture partners and third-party clients
2. Property Sales: One-time revenue from the sale of developed commercial properties to institutional investors and owner-users
3. Rental Revenue: Ongoing rental income from owned portfolio of trophy-class office properties

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Riverside Investment & Development is a Chicago-based real estate development firm that develops trophy-class Class A office towers, mixed-use developments, and luxury multifamily communities in major U.S. urban markets. The company pursues complex development and redevelopment opportunities, typically executed through joint ventures with institutional capital partners, and provides ongoing property management and leasing services for its owned portfolio.

Product overview

Riverside Investment & Development is a Chicago-based real estate development company founded in 2010 that specializes in complex office development and redevelopment opportunities. The company's portfolio includes trophy-class office towers (150 North Riverside, 320 South Canal/BMO Tower, 110 North Wacker/Bank of America Tower, 1900 Lawrence), mixed-use developments (Queensbridge Collective, 301 South Tryon), multifamily residential projects (566 West Van Buren, Lumio Estero, The Main Evanston), and advisory services (PRU property). The company collaborates with partners in design, engineering, construction, and finance to deliver projects that establish high qualitative standards with focus on efficiency, technology, and wellness.

Differentiator

Problem solved

Functional benefit

Brands

• Queensbridge Collective: Mixed-use development in Charlotte's South End featuring luxury multifamily (Vivian tower with 409 units), Class A+ office space (356,000 sq ft), and 346 additional multifamily units plus 20,000+ sq ft retail in second tower.
• Vivian Apartments
• The Green at 320
• Lumio
• The Main

Products and services

• 150 North Riverside 54-story Class A office development in Chicago's West Loop completed in 2017. Features 1.2 million square feet with innovative indoor air quality program and LEED Gold certification, targeting enterprise tenants in Chicago's CBD.
• 320 South Canal (BMO Tower) 50-story Class A trophy office tower adjacent to Union Station in Chicago, completed in 2021. Features 1.5 million square feet, 1.5-acre public park (The Green at 320), WELL Building Platinum and LEED Gold certifications, anchored by BMO Financial Group.
• 110 North Wacker (Bank of America Tower) 55-story, 1.5 million square foot Class A+ office development in Chicago's West Loop completed in 2020. Features 14 corner offices per floor created by building setbacks, privately maintained Riverwalk, and public park. Developed as joint venture with Howard Hughes Corporation with Bank of America as anchor tenant.
• 1900 Lawrence Class A, 30-story office tower in Denver, Colorado completed in 2024. Features 700,000 square feet of highly efficient rectilinear floorplates, floor-to-ceiling glass, tenant terraces, fitness center, and multi-use conference center. Designed by Goettsch Partners.
• Queensbridge Collective Mixed-use development in Charlotte's South End comprising two towers: Tower One (Vivian) with 409 luxury multifamily units, and Tower Two with 356,000 square feet of Class A+ office space, 346 multifamily units, and 20,000+ square feet of retail.
• 566 West Van Buren 12-story, 199-unit multifamily development in Chicago's West Loop. Approximately $85 million project located one block west of BMO Tower and Union Station, with targeted completion in early 2027. Financing includes $64 million HUD 221(d)(4) construction loan.
• Lumio Estero 330-unit luxury resort-style multifamily community in Estero, Florida, developed in partnership with Atlantic Residential. Features over 16,000 SF of indoor amenity space, three four-story residential buildings, dog park, and 1.5-acre fishing lake.
• The Main Evanston Nine-story mixed-use development in Evanston, Illinois completed in 2016. Features 112 luxury apartment units, 10,918 SF ground level retail, and 12,604 SF of second-level office space. LEED Silver certified. Developed with Atlantic Realty Partners.
• PRU (130 East Randolph / 180 North Stetson) Advisory Advisory and equity/debt restructuring engagement for the iconic two-tower Chicago office plaza in the East Loop at Millennium Park. ONE PRU is 41 stories with 1.3M SF; TWO PRU is 58 stories with 1.0M SF on a 3.3-acre campus. Riverside advises on equity/debt restructuring and leasing.

Quantifiable outcome

• Over 4.5 million rentable square feet completed in developments
• +1 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Howard Hughes CorporationcoreStrategic or Co-development PartnerJoint venture partner on 110 North Wacker development in Chicago, a premier trophy office tower
• Singerman Real EstatecoreStrategic or Co-development PartnerJoint venture partner for 301 South Tryon development in Charlotte, North Carolina
• Blue Star PropertiescoreStrategic or Co-development PartnerDevelopment partner on 566 West Van Buren project in Chicago
• Atlantic ResidentialcoreStrategic or Co-development PartnerPartner on 566 West Van Buren and Lumio residential developments
• Metropolis Investment HoldingscoreStrategic or Co-development PartnerPartner on 566 West Van Buren mixed-use development
• Convexity PropertiescoreStrategic or Co-development PartnerCo-development partner for major Chicago trophy office projects
• Atlantic Realty PartnerscoreStrategic or Co-development PartnerPartner on The Main Evanston development project
• Eagle Realty GroupcoreStrategic or Co-development PartnerJoint venture partner on Lumio residential development
• CBREcoreChannel Partner/ Reseller/ DistributorProperty management and leasing broker across trophy office portfolio
• Goettsch PartnerscoreImplementation/ SI/ Consulting PartnerArchitect on multiple major projects including 110 North Wacker
• Clark ConstructioncoreImplementation/ SI/ Consulting PartnerGeneral contractor for major development projects
• Antunovich AssociatesminorImplementation/ SI/ Consulting PartnerArchitect for 566 West Van Buren development project

Scale indicators2 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Sterling Bay: Chicago-based developer specializing in trophy and Class A office, life sciences, and mixed-use projects in urban growth markets. Direct competitor in Chicago's West Loop and Fulton Market with overlapping tenant profiles in tech, finance, and professional services.

Broad incumbents

• The Howard Hughes Corporation: Master-planned community developer with a national portfolio of mixed-use and office properties. JV partner on 110 North Wacker; comparable in delivering large-scale trophy developments though at materially larger scale and geographic breadth.
• Related Companies: National developer of large-scale mixed-use, office, and multifamily developments (Hudson Yards, etc.). Comparable in trophy urban development orientation though at a much larger scale and with mixed-income housing specialization.
• Tishman Speyer: Global real estate developer and investor focused on office, life sciences, and mixed-use assets in major gateway cities. Comparable trophy office orientation, though operates at significantly larger scale with an investment management arm.
• Boston Properties: Public REIT and one of the largest U.S. developers and owners of Class A office properties in gateway markets. Comparable focus on trophy office leasing to financial and professional services tenants, though asset ownership model differs from Riverside's developer/seller approach.
• Hines: Global real estate investment, development, and management firm with extensive trophy office and mixed-use portfolio. Comparable in delivering high-quality urban developments with institutional capital partners, though at a much larger international scale.
• Brookfield Properties: One of the largest commercial real estate operators in the U.S., with major office, retail, multifamily, and mixed-use assets. Comparable trophy office expertise and institutional capital base, though much broader portfolio and public ownership.
• Lendlease: International real estate and infrastructure group with significant U.S. urban development pipeline including multifamily, office, and life sciences. Comparable trophy urban development orientation and joint venture model with institutional partners.

Others

• Convexity Properties (DRW): Real estate investment affiliate of DRW Holdings, active in Chicago trophy office development. JV partner with Riverside on 320 South Canal/BMO Tower; comparable in trophy Chicago office focus and sophisticated capital structuring.
• CBRE Group: Global commercial real estate services and investment firm that handles property management and leasing for Riverside's trophy office portfolio. Comparable institutional real estate expertise and ecosystem participant rather than direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds2 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Riverside Investment & Development