What Structured Development does

Structured Development, LLC is a Chicago-based private real estate development company founded in January 2002 by J. Michael Drew and Daniel A. Lukas. The firm acquires, develops, and sells or leases commercial, residential, retail, and mixed-use properties, often in partnership with institutional capital partners or on its own account. Its core technology is real estate development and construction management, with a documented specialization in adaptive reuse of historic industrial and commercial structures, including the landmark Chicago & Northwestern Railroad Powerhouse (a National Register-listed building) and the 1930s cold storage warehouse converted into Kendall College at Riverworks.

The firm's project portfolio includes over 2,000,000 square feet of completed product across roughly a dozen developments, spanning mixed-use complexes (NEWCITY at ~1,000,000 sq ft, Blackhawk on Halsted, Chicago & Northwestern Railroad Powerhouse), retail centers (Lincoln Park Centre, Kingsbury Center), commercial lofts (1333 North Kingsbury), residential condominium conversions (Lincoln Lofts, Olympia Lofts, West Bucktown Lofts), and affordable for-sale housing (Harrison Row Townhomes in East Garfield Park). Major development is conducted through joint ventures with institutional partners such as Bucksbaum Realty Properties and JPMorgan Asset Management, while smaller projects are executed directly.

Revenue is generated through a combination of property sales, leasing, and development fees, with project economics varying widely by deal (individual projects cited at $4.3M to $130M+ in disclosed transaction values). The firm operates with 1-10 employees, all based at its 211 N Clinton St, Chicago headquarters, and its customer base spans retail tenants, healthcare providers, educational institutions, and residential buyers within the Chicago metropolitan area. The business has no disclosed funding rounds, no parent company, and no public financial reporting.

Name

Structured Development

Legal name

Structured Development, LLC

Website

https://strdev.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

1–10 employees

Short description

Structured Development is a Chicago-based private real estate developer that acquires, builds, and leases mixed-use, residential, retail, and commercial properties, primarily serving tenants and buyers in Chicago's Lincoln Park and Clybourn Corridor neighborhoods through adaptive reuse and ground-up development.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Land Subdivision (2372), Residential Building Construction (23611)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Operative Builders (1531)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industries

Residential Design-Build & Renovation-Integrated Builders (IMAFABAE), Residential Affordable Housing Development & Construction (IMAFABAI)

Keywords

• Real estate development
• Mixed-use development
• Commercial property development
• Residential property development
• Historic adaptive reuse

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales

Revenue model

1. Property Development and Sales: Develops commercial, retail, residential, and mixed-use properties for sale or lease. Revenue generated through property sales, leasing, and development fees.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Structured Development is a Chicago-based real estate developer that acquires, develops, and sells or leases commercial, residential, historic, industrial, and mixed-use properties. Its portfolio spans adaptive reuse of landmark buildings, new construction of mixed-use complexes, residential condominium and townhome conversions, retail centers, and affordable/moderate-income housing delivered via modular construction, executed on its own account or through joint ventures with institutional partners.

Product overview

Structured Development is a Chicago-based real estate development company that offers a portfolio of distinct property development projects rather than a unified software product. Their offerings span multiple real estate categories including: residential developments (Harrison Row Townhomes, Lincoln Lofts, Olympia Lofts, West Bucktown Lofts); mixed-use complexes (NEWCITY, Blackhawk on Halsted, Chicago & Northwestern Railroad Powerhouse, Shops at Big Deahl); and commercial/retail properties (1333 North Kingsbury, Kendall College at Riverworks, Kingsbury Center, Lincoln Park Centre). These projects range from historic adaptive reuse conversions to new construction, serving various market segments including residential, retail, office, and educational uses.

Differentiator

Problem solved

Functional benefit

Products and services

• NEWCITY A nearly 1,000,000 square foot mixed-use development in Chicago containing approximately 370,000 square feet of retail, 199 residential rental units, 20,000 square feet of medical office space, a 1,000-car parking garage, and a 1-acre landscaped plaza. Developed in partnership with Bucksbaum Realty Properties and JPMorgan Asset Management.
• Blackhawk on Halsted A 224,000 square foot mixed-use project in Chicago's Lincoln Park neighborhood consisting of three structures: an 84,000 square foot building housing the British School of Chicago, a 142,000 square foot mixed-use retail and medical office building, and a 550-car parking garage. Tenants include REI, The Tile Shop, Town and Country Pediatrics, Northwestern Memorial Physicians Group, and Advocate Health.
• Chicago & Northwestern Railroad Powerhouse A three-story Beaux-Arts style historic building (1909-1911) redeveloped into three interior levels of office and retail space. A designated City of Chicago Landmark listed in the National Register of Historic Places. Awarded Adaptive Reuse Project of 2008 by the Landmark Preservation Council. Tenants include New Line Tavern, Body Gears Physical Therapy, and Wight & Co.
• 1333 North Kingsbury A four-story, 100,000 square foot commercial loft building originally a factory for waterbed frames, renovated and converted into Class A office space in Chicago's Halsted River Triangle. Tenants include DaVita Dialysis, National Collegiate Scouting Association (NCSA), and Planned Realty Group.
• Kendall College at Riverworks A 166,000 square foot Class A commercial office and educational facility, redeveloped from a 1930s cold storage warehouse restored after 25 years of vacancy. Adapted for use as Kendall College's culinary school.
• Kingsbury Center A multi-tenant retail center completed in October 2012 in Chicago's Lincoln Park neighborhood, consisting of 53,000 square feet of retail space with surface parking for 85 cars. Developed in partnership with Bucksbaum Retail Properties. Tenants include Buy Buy Baby, Petsmart, Road Runner Sports, and Jimmy John's.
• Lincoln Lofts A $6.9 million conversion of the former Goldblatts Building into 52 residential condominiums with grade level retail and basement level parking.
• Lincoln Park Centre A 60,000 square foot retail property on the former New City YMCA site with an attached 155-car parking garage, located in Chicago's Clybourn Corridor. Tenants include Bank of America, Mitchell Gold + Bob Williams, Carter's, and Sur la Table.
• Olympia Lofts A $6.2 million renovation of a seven-story concrete factory building in Chicago's Greek Town into 66 residential condominiums with a heated parking garage.
• West Bucktown Lofts A $4.3 million conversion of three attached industrial buildings in Chicago into 41 residential condominiums featuring surface parking and a landscaped courtyard.
• Harrison Row Townhomes A full masonry new construction townhome community designed to provide family housing in a safe and secured environment at affordable pricing. Located in East Garfield Park, Chicago, delivered via modular construction in partnership with a Black-owned development firm and the Chicago Housing Trust.
• Shops at Big Deahl - Phase I Mixed-use development in Chicago's Lincoln Park neighborhood, Phase I of the Big Deahl project. Includes Movement Lincoln Park as a tenant.

Quantifiable outcome

• Over 2,000,000 square feet of product completed
• +3 more outcomes

Named customers24 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered minor and core.

• Chicago Housing TrustminorStrategic or Co-development Partner · 1 April 2021Partnership for modular townhome development at East Garfield Park providing affordable housing solutions.
• MBE (Minority Business Enterprise)coreStrategic or Co-development Partner · 1 March 2021New Structured Development/MBE Partnership aimed at improving East Garfield Park without gentrifying. Joint venture with Black-owned development firm for Harrison Row Townhomes affordable housing project.
• Bucksbaum Realty PropertiescoreStrategic or Co-development Partner · 1 November 2013Strategic partnership for New City mixed-use development - a nearly 1,000,000 square foot project at Clybourn and Halsted Streets. Also partnered on Kingsbury Center retail development.
• Bucksbaum Retail PropertiescoreStrategic or Co-development Partner · 1 October 2012Partnership to complete multi-tenant retail center at Kingsbury Center in Lincoln Park (53,000 sq ft retail space).

Scale indicators18 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Magellan Development Group: Chicago-based developer of large-scale, master-planned mixed-use communities such as Lakeshore East. Comparable in mixed-use urban development focus and Chicago footprint, though operating at a materially larger scale than Structured Development.
• Golub & Company: Privately-held Chicago real estate investment and development firm delivering mixed-use, office, residential, and retail projects. Directly comparable to Structured Development in geographic focus, project mix, and family/private ownership profile.
• Shapack Partners: Chicago-based developer of mixed-use and urban office/retail projects centered on Fulton Market and West Loop. Comparable to Structured Development in its adaptive reuse of industrial buildings and integrated retail-office-residential product mix in tight Chicago submarkets.
• The Habitat Company: Chicago-based developer and manager of residential and mixed-use properties across the Midwest. Comparable in Chicago focus, residential/mixed-use product mix, and similar mid-size operating profile.
• The John Buck Company: Privately-held Chicago-based real estate investment, development, and property management firm with a multi-decade track record in mixed-use and office projects. Comparable in size, Chicago concentration, private ownership, and adaptive reuse/urban infill strategy.
• CA Ventures: Chicago-based real estate investment and development firm focused on multifamily, student housing, and mixed-use projects nationally. Comparable in Chicago origin and urban mixed-use/multifamily focus, though at a larger scale and broader geographic footprint.
• JDL Development: Chicago real estate development company with a portfolio of urban mixed-use, multifamily, and hotel projects. Comparable in Chicago-centric strategy, mixed-use orientation, and asset-light execution model.
• Brinshore Development: Chicago-based affordable and mixed-income housing developer active in the Chicago metro area. Closely comparable to Structured Development's Harrison Row Townhomes/MBE partnership, working with public sector partners on affordable and modular housing delivery.
• LG Development Partners: Chicago-based commercial real estate development firm with a portfolio spanning office, retail, mixed-use, and multifamily. Directly comparable in product mix, Chicago focus, and use of JV capital structures similar to Structured Development's Bucksbaum/JPMorgan partnerships.
• Sterling Bay: Chicago-based real estate developer focused on large-scale, mixed-use urban projects (e.g., Lincoln Yards, Fulton Market district). Most directly comparable to Structured Development's mixed-use playbook in Chicago's Clybourn Corridor and Near North Side, though Sterling Bay operates at a larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/StructuredDev1
• LinkedInlinkedin.com/company/structured-development-llc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

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 Structured Development