What Synergy Construction Group does

Synergy Construction Group, LLC is a privately held, founder-owned development and construction firm headquartered at 2037 W Carroll Street, Chicago, IL. Founded in 2009 by four principals — Michael Pinelli, Phil Domenico, Jeff Metz, and Anthony Alessi — the company operates an integrated developer-plus-general-contractor model serving commercial, residential, healthcare, retail, and institutional clients across Illinois and at least five additional states (Indiana, Florida, Texas, Colorado, Michigan). Annual revenues are disclosed at over $100M with 50+ employees, and the firm has cumulatively developed more than 1,100 market-rate luxury multi-family units.

The company's core offerings span the full real-estate lifecycle: site acquisition, TIF and tax-credit financing structuring, municipal entitlements, pre-construction, construction management, adaptive reuse, and asset disposition. Core products include multi-family residential (luxury apartments and mixed-use), single-family development, tenant improvements, healthcare facility construction (clinics and senior housing), and senior-living adaptive reuse. Representative projects include the $74M Ravenswood Hospital redevelopment into 193 senior housing units, the $200M Yorktown Center mixed-use redevelopment with Pacific Retail Capital Partners, Winfield Station (162 units, 44% IRR exit), and Panton Mill Station (100 units, $24M COVID-era exit). Synergy maintains a wholly-owned subsidiary, Syn-Communities, dedicated to its residential community brand.

The business model is project-based professional services revenue, with individual contract values ranging from under $100,000 (small TI/renovation) to over $74M (major redevelopment) and multi-year contract cadence. Go-to-market is sales-led and principal-driven, leaning on repeat clients, direct developer and municipal relationships, competitive bidding on public projects, and earned media (NYT, Crain's Chicago Business, Chicago Sun Times, Daily Herald, Globest.com). No standardized pricing tiers are publicly disclosed; pricing is bid-based for competitive work and negotiated for private developments.

Name

Synergy Construction Group

Legal name

Synergy Construction Group, LLC

Website

https://syn-grp.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Synergy Construction Group is a privately held Chicago-based developer and general contractor founded in 2009, integrating real estate development and construction services for multi-family residential, healthcare, senior housing, and commercial tenant improvement clients across Illinois and four additional US states.

Ownership category

akta.pro rank

Product category

Real Estate Development and Construction Services

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116), Nonresidential Building Construction (2362), Specialty Trade Contractors (238)

SIC

General Bldg Contractors - Residential Bldgs (1520), General Bldg Contractors - Nonresidential Bldgs (1540), Operative Builders (1531)

akta.pro primary industry

Self-Performing General Contractors (IMAFAAAI)

akta.pro secondary industries

Residential Design-Build & Renovation-Integrated Builders (IMAFABAE), Construction Management (Agency/Owner’s Rep) (IMAFAAAC)

Keywords

• General contracting services
• Construction management
• Real estate development
• Multi-family housing construction
• Adaptive reuse construction

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Development Services: Company develops luxury multi-family residential projects, including TIF-financed developments. Has developed and sold apartment complexes generating returns for investors. Also develops single-tenant medical buildings and senior living facilities.
2. General Contracting: Full-service general contracting for commercial, residential, healthcare, retail, and institutional projects. Includes tenant improvements, adaptive reuse, and ground-up construction.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Synergy Construction Group is a Chicago-based general contracting, construction management, and real estate development firm that delivers integrated development-plus-construction services across commercial, residential, healthcare, retail, and institutional sectors. The company self-performs site acquisition, TIF/tax-credit financing, entitlements, pre-construction, and ground-up or adaptive reuse construction, with individual project values ranging from under $100,000 tenant improvements to over $74 million large-scale redevelopments. It has developed and constructed more than 1,100 market-rate luxury multi-family units across multiple U.S. states.

Product overview

Synergy Construction Group is a privately held development and construction firm offering a portfolio of integrated real estate services. The company's core offerings span multi-family residential development (luxury apartment communities and mixed-use buildings), single-family home development, tenant improvement projects for commercial spaces, healthcare facility construction, and senior housing development. Key named projects and communities include Station 250 (Mundelein), Winfield Station Town Center, Panton Mill Station (South Elgin), Yorktown Center Redevelopment (Lombard), and the 1000 W Monroe luxury condo building. The firm has completed over $100 million in annual revenues and developed more than 1,100 market-rate luxury multi-family units, including the notable $74 million tax-credit financed redevelopment of the former Ravenswood Hospital into a 193-unit elderly independent and supportive living facility.

Differentiator

Problem solved

Functional benefit

Products and services

• Multi-Family Residential Development Development and construction of market-rate luxury multi-family residential properties, including apartment complexes and mixed-use buildings with residential and retail components, for developers, investors, and joint-venture partners.
• Single-Family Residential Development Development and construction of single-family homes, including custom home building, tear-down and rebuild projects, and residential subdivisions, for individual property owners and developers.
• Tenant Improvement and Commercial Buildout Interior build-outs and renovations for commercial tenants, including office spaces, retail locations, and restaurants, delivered to commercial tenants and franchise operators.
• Healthcare Facility Construction Construction, renovation, and adaptive reuse of healthcare facilities, including medical office buildings, clinics, and behavioral health facilities, delivered to healthcare providers and medical real estate operators.
• Senior Housing Development

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

15 partnerships are on record, tiered core, major and minor.

• Pacific Retail Capital PartnerscoreStrategic or Co-development Partner · 15 June 2026Co-developing Yorktown Center in Lombard, IL - a mixed-use redevelopment combining residential, retail, entertainment, and park-like gathering spaces. The 12-acre property at 230 Yorktown Center will include luxury multifamily buildings, 3+ acre communal outdoor park area, and new dining/retail offerings. Represents a $200 million investment.
• Evergreen Real Estate GroupcoreStrategic or Co-development PartnerJoint venture partner on the $74 million tax-credit financed redevelopment of the former Ravenswood Hospital in Chicago into 193 units of elderly independent and supportive living facility.
• Oak Street HealthmajorStrategic or Co-development PartnerDeveloped 5 single-tenant medical clinic buildings for Oak Street Health. Synergy's real estate portfolio was subsequently sold to a California-based REIT for over $22 million.
• Trinity ServicesmajorStrategic or Co-development PartnerOngoing relationship developing supportive housing projects. Prairie Trail at the Landings in New Lenox is a 25-unit supportive housing development for Trinity, a not-for-profit service provider.
• Assemble Shared OfficeminorStrategic or Co-development PartnerPrincipal Phil Domenico founded Assemble Shared Office, opening several locations in Chicago and Minneapolis. Business sold to Industrious Office in 2019.
• Ridgeland & AssociatesminorImplementation/ SI/ Consulting PartnerTeamed up with Ridgeland & Associates to complete Forza Meats project in Glenview, IL.
• Atul Karkhanis ArchitectsminorImplementation/ SI/ Consulting PartnerPartnership with Atul Karkhanis Architects for South Loop Montessori School renovation project.
• Studio D ArchitectureminorImplementation/ SI/ Consulting PartnerTeamed up with Studio D Architecture for 1854 N Paulina single family home design-build project.
• OKW ArchitectsminorImplementation/ SI/ Consulting PartnerLong-standing partnership with OKW Architects on multiple office renovation and tenant improvement projects including 540 W Madison and West Loop office projects.
• Spoke ArchitectsminorImplementation/ SI/ Consulting PartnerPartnership with Spoke Architects for Performance Training Center adaptive reuse project.
• Hartshorne PlunkardminorImplementation/ SI/ Consulting PartnerIntegrated design build partnership on iO Chicago Theater conversion and 211 W Scott Street residential development.
• United PropertiesminorStrategic or Co-development PartnerTeamed up with United Properties for O'Reilly Auto Parts ground-up project in Mundelein, IL.
• Blue Stone DevelopmentminorStrategic or Co-development PartnerPartnership with Blue Stone Development on Roots Handmade Pizza build-out project.
• Linden Group AssociatesminorImplementation/ SI/ Consulting PartnerPartnership with Linden Group Associates for Max Aquatics ground-up construction project in McCook, IL.
• GREC ArchitectsminorImplementation/ SI/ Consulting PartnerTeamed up with GREC Architects for Assemble Shared Office build-out project.

Scale indicators10 records

Recent moves13 records

Expansion highlights6 records

Direct peers

• McHugh Construction: Chicago-based general contractor specializing in luxury residential, hospitality, and commercial construction. Similar customer mix and project complexity, including high-end multifamily and adaptive reuse work.
• Power Construction Company: Chicago-headquartered general contractor delivering commercial, healthcare, education, and multifamily projects across the Midwest. Comparable scale, geography, and integrated construction management services.
• W.E. O'Neil Construction: Chicago-based general contractor with comparable regional mid-market scale and commercial/residential/mixed-use project focus. Operates as a multi-trade GC across similar end markets in the Midwest and other U.S. regions.
• Focus Development: Chicago-based luxury residential and mixed-use developer operating in similar submarkets and price points as Synergy's multifamily developments. Direct comparability on the developer side of the business model.
• Bulley & Andrews: Chicago general contractor with deep experience in commercial, healthcare, education, and historic adaptive reuse — overlapping directly with Synergy's adaptive reuse and institutional project portfolio.
• Fifield Companies: Chicago-based real estate developer focused on luxury multifamily, mixed-use, and urban infill projects. Comparable project scale, geography, and luxury multifamily positioning to Synergy's development arm.
• Holsten Real Estate Development Corporation: Chicago-based affordable and mixed-income housing developer that frequently partners on TIF- and LIHTC-financed multifamily projects. Directly comparable on the public-finance-driven development playbook.

Broad incumbents

• Lendlease: Global real estate and infrastructure developer-GC with major U.S. multifamily and mixed-use operations. Larger and more diversified but competes for the same institutional mixed-use and TIF-driven mandates.
• Walsh Construction: Major Chicago-based general contractor operating nationally across commercial, healthcare, transportation, and multifamily construction. Larger scale but directly competitive on the same Chicago institutional and developer-led bids.
• Clark Construction Group: Large national general contractor with a strong commercial, residential, and mixed-use portfolio. Competes for institutional and developer-led projects at the larger end of Synergy's pipeline.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks4 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/synergyconstructiongroup
• LinkedInlinkedin.com/company/synergy-construction-group-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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 Synergy Construction Group