GOLUB & COMPANY ANNOUNCES THE MANAGEMENT AND LEASING OF 21 EAST CHESTNUT

168-Unit Multifamily Development in Chicago’s Gold Coast Neighborhood

Golub & Company, a vertically-integrated firm specializing in real estate development, operation, and investment, proudly announces its latest endeavor: the management and leasing of 21 East Chestnut. This 168-unit multifamily development offers an attractive mix of contemporary studio and one-bedroom units.

Nestled within the established and sought-after Gold Coast neighborhood of Chicago, 21 East Chestnut is ideally positioned amidst access to public transit, premier shopping destinations, and an array of dining options. This prime location places residents at the heart of it all, mere steps away from some of Chicago’s most renowned parks, outdoor spaces, and cultural attractions, including Lake Shore Park, the Lakefront Trail, City Gallery in the Historic Water Tower, the iconic Magnificent Mile, Oak Street Beach, and the Museum of Contemporary Art.

21 East Chestnut offers a modern, vibrant design, complemented by sleek community amenities. These include a fully furnished rooftop pool and sun deck, offering panoramic city views, a modern fitness center, and a co-working lounge equipped with individual pods to ensure privacy.

Beyond its core expertise as an owner and developer, Golub & Company excels in providing comprehensive property management services for both residential and commercial properties. Our comprehensive suite of management services includes: Leasing, Cutting Edge PropTech, Competitive Rent Analysis, Project Management, Maintenance, Marketing and Communications, Monthly Accounting, and Financial Reporting.

Steve Sise, Chief Operating Officer of Golub & Company, emphasized the company’s dedication to excellence, “Golub offers top-tier property management and leasing with a sharp focus on fostering exceptional resident relations. We bring a deep knowledge of the intricacies of property management and are committed to delivering outstanding service to 21 East Chestnut.”

Real Estate Expertise Delivered: Third-Party Management Services

Golub & Company is uniquely positioned to provide comprehensive third-party management services to investors, institutions, and lenders. 

Golub & Company excels at solving problems, and we understand that in today’s landscape, lenders, servicers and LP’s expect timely solutions for the challenging issues the real estate industry faces. By harnessing our in-house team of experts and leveraging our resources across all facets of the real estate industry, our team provides ownership-quality services. From creating business plans to marketing a property to improving operational efficiency, our understanding of the industry results in an approach that can move your business forward. 

Beyond our core activities of real estate development and ownership, we leverage our extensive expertise to extend a range of third-party management services to property owners. These encompass an array of offerings, including but not limited to property management, asset management and strategic leasing solutions.

“Our talented and experienced team is equipped to provide innovative solutions tailored to your property’s needs. Golub brings with it a history of outstanding performance and a proven, time-tested strategy in delivering third-party services. We deliver results.”

– Steve Sise, Chief Operating Officer

If you are interested in exploring the possibilities of partnering with Golub for your property, we welcome you to contact Steve Sise at ssise@goco.com.

Prairie Shores’ Multimillion-Dollar Community Clubhouse Opens In Bronzeville

BRONZEVILLE — Prairie Shores’ new community hub has opened more than a year after breaking ground.

The 17,541-square-foot complex at 2937 S. King Drive was unveiled Thursday at a ribbon-cutting ceremony. Representatives from Farpoint Development, Golub Development, Ald. Sophia King’s 4th Ward office and Rep. Kam Buckner were on hand to mark the occasion.

The facility boasts two workout studios, three tv lounges, study rooms and an oversized outdoor deck with a grilling station. It will also house the development’s leasing office.

The hub’s open floor plan is designed to inspire community and fellowship, from the earth tone couches and loveseats in the TV lounges to the second-floor bar where residents can shoot pool or play foosball on the rooftop deck, developers said.

The clubhouse is part of an initiative to modernize the 65-year-old housing development, which was built in 1957 and bought by Fairpoint and Golub in 2019. The developers have been renovating the five-building, 1,675-unit complex in phases, completing work on 150 units in 2021.

Known for its history of connecting middle- and working-class denizens of Black Chicago, Prairie Shores’ upgrade dovetails with other efforts to revitalize the area, including Bronzeville Lakefront, a multi-year, multibillion-dollar project of which Farpoint is a partner.

David Rudd, vice president and senior counselor for Rudd Resources, said he remembers moving into his Prairie Shores studio after graduating from Northwestern University to start his journalism career at the Tribune. He feels fortunate to be part of its renaissance, he said.

“It was my first time on my own, and Prairie Shores was a great place to live. Affordable, close to Downtown. … I have great memories here,” Rudd said.

Seeing the finished product gives Cheryl Bynum, a resident of the building, a sense of pride, she said.

The retired chemist was one of the longtime residents who worked with the development team on the concept, offering input on what would work best for the community. Bynum said she looks forward to getting to know her neighbors better and not having to scramble to find a place to host gatherings for friends and family or a meeting space for the organizations for which she volunteers.

“When I saw the space yesterday, I was in awe. It’s everything. The attention to detail, the art, the interior design. I’m so grateful,” Bynum said.

Link: Prairie Shores’ Multimillion-Dollar Community Clubhouse Opens In Bronzeville


‘Debbie’s Buck – It Bash’ Raises Funds To Support Emerging Women Leaders In Real Estate

CHICAGO, IL (JUNE 6, 2022) – With over 425 guests and more than 50 Corporate Sponsors, the inaugural “Debbie’s Buck-It Bash”, the primary fundraiser for the Debbie Frank Legacy Fund, was a huge success. The Fund, an initiative of Golub & Company and the Golub Family Foundation, supports organizations dedicated to providing education, mentorship, and community connection for emerging women leaders in real estate.

The late Debbie Frank, known for her “unbridled awesome,’ directed Golub & Company’s commercial leasing group for 14 years. She was a force of nature, a beacon of light, and a respected and accomplished leader in the Chicago-area commercial real estate community who spent a significant amount of time mentoring other women in the industry.

The Fund is donating $100,000, in her name, to support educational scholarships through two organizations: CREW Chicago and The Goldie Initiative. $25,000 will be awarded to each of four deserving women pursuing their graduate degrees in real estate.

“While we will always miss the inspiration and vibrancy Debbie added to our lives, I believe we have created something special that will keep her legacy of support for women in this industry alive,” said Paula Harris, managing principal, Golub & Company. “We are excited to help the scholarship recipients find their own “unbridled awesome’ just as Debbie did during her short life.”

Next year, Debbie’s Buck-it Bash will be held on Thursday, September 14, 2023. For more information, be sure to visit www.debbiefranklegacyfund.com.

About Debbie Frank

A graduate of the University of Texas and Kent College of Law, Debbie created a compelling 22-year career in commercial real estate, including most recently as senior vice president of leasing for Golub & Company. Throughout her career, she was known for being a proactive problem-solver and relationship-builder with great energy and empathy. Debbie died from cancer at the age of 44 in December 2020, leaving behind her husband, young daughter and numerous family members, friends, colleagues and peers who remember her for her brilliance, unique personality, sharp sense of humor and boundless compassion.

Link: ‘Debbie’s Buck – It Bash’ Raises Funds To Support Emerging Women Leaders In Real Estate

GOLUB & COMPANY-MANAGED JOINT VENTURE PURCHASES 5.8 ACRES IN ATLANTA’S UPPER WEST SIDE

CHICAGO, IL–A joint venture between real estate development and investment firms Golub & Company, AB Capital, Thierry Francois a local entrepreneur,  and a MetLife Investment Management-advised client has announced the acquisition of a 5.8-acre parcel located at 2164 Marietta Blvd in the Upper West Side submarket of Atlanta, GA. The joint venture has retained architecture and design firm Lord Aeck Sargent. The planned mixed-use development will feature two separate and distinct multifamily buildings totaling 576 units surrounding a common plaza, offering a variety of unit types as well as state-of-the-art amenities and dynamic retail opportunities to enhance the community experience. Groundbreaking is expected in the 3rd quarter of 2022 with delivery of the first phase in the 3rd quarter of 2023.

The sale of the site closed on January 31, 2022 for an undisclosed price. Adam Short, senior vice president, acquisitions; and Alex Newman, vice president, asset management, both of Golub & Company, led the acquisition on behalf of the venture. Over the course of the last five years, Thierry Francois assembled the site and secured zoning approvals with assistance from AB Capital and Golub & Company. Bruce Armstrong and Joel Sandridge of Golub’s development team will oversee the design and construction.

“The site is strategically located in the rapidly growing west side of Atlanta which includes the Midtown/West Midtown and Upper West Side submarkets, as well as the new Microsoft campus. The area is becoming the epicenter of technology and innovation for the region,” said Michael Newman, president and CEO of Golub & Company. “As continued growth and capital investment continues to be attracted to the west side of Atlanta, residents of our future development will benefit.”

The Upper West Side of Atlanta has increased in popularity due to its easy access and close proximity to the in-town markets, as well as Buckhead. “We are excited to team up with our partners and expand our development platform into Atlanta,” said Short. “The market fundamentals there make it one of the top growth markets not only in the Sun Belt, but in the entire country. The Upper West Side submarket is especially well-positioned as it is directly in the path of the expanding cultural, infrastructure, and employment revitalization that Atlanta is experiencing,” he added.

The proposed design will reflect the industrial roots and character of the neighborhood, and the orientation of the building will take advantage of the spectacular skyline views. The development will also include retail space to serve the residences and surrounding neighborhood.

Golub & Company has a reputation for its ability to enter burgeoning submarkets across the country, work successfully with local communities and officials, and complete complex mixed-use development projects that truly transform the area. The Chicago-based developer is currently underway on a massive multi-year project on 13 acres in Denver’s River North Arts District (RiNO) neighborhood called Denargo Market, with other opportunities taking shape in in the Sun Belt region.

About Golub & Company

Since its founding in 1960, with three generations of professionals working in the business, Golub & Company has built a strong reputation as a trusted co-investor and developer with its many institutional and private capital partners. It’s a reputation based on track record; Golub and its affiliates have owned, leased, or managed more than 50 million square feet of commercial, mixed-use, and multifamily real estate properties, including 45,000 residential units, valued in excess of $10 billion located across the United States and internationally. Access more information by visiting www.golubandcompany.com.

About AB Capital

AB Capital LLC is a commercial real estate firm based in Atlanta, GA recently organized as a vehicle for the joint activities of its two principals J. Dwight Bell and Scott J. Arnold.  Mssrs. Bell and Arnold, longtime friends and business collaborators, combine complementary skill sets honed over many years in different sectors of the commercial real estate world.  Mr. Bell brings a long and diverse resume as a classic full service real estate developer with rich experience in the office and multi-family sectors.  Mr. Arnold led a global real estate law practice at a major law firm, concentrating in capital markets before co-founding a boutique private equity firm. AB Capital LLC has been formed to pursue unusual and perhaps complicated development and investment opportunities in the Southeastern US taking advantage of the many contacts cultivated by the principals of the firm over the years. AB Capital can invest in its projects for its own account and with third party private and institutional capital.  The firm can also provide an array of development and asset management services befitting the diverse experiences of its principals.

CIM Group and Golub & Company Bring Flagship Foxtrot Market to Chicago’s The Shops at Tribune Tower on the Magnificent Mile

CHICAGO–(BUSINESS WIRE)–CIM Group and Golub & Company announced today the execution of a lease with Foxtrot, the corner store, café, and delivery market, for a 1,739-square-foot retail space at The Shops at Tribune Tower in Chicago, Illinois.

Launched in 2013, Foxtrot is redefining convenience for the modern consumer, marrying the best of neighborhood retail and e-commerce technology. Its stores offer an all-day café experience with culinary delights, plus a selection of grocery staples, sommelier-curated wine, and locally sourced goods all available to enjoy in-store and to order for convenient 5-minute pickup and 30-minute delivery powered by the Foxtrot App. The Chicago-based company currently has 15 locations including 10 stores in Chicago, three in Washington, D.C., and two in Dallas, Texas with plans for further expansion nationwide.

“We’re excited to bring our local corner store and café to such an important building and neighborhood in Chicago. The Tribune Tower’s rich history, iconic architecture and prime location paired with the recent renovations and new public plaza make this an exciting destination to be a part of. We look forward to welcoming everyone from Tower residents to locals who work nearby to tourists who are exploring the city for the first time,” said Mike LaVitola, Co-Founder and CEO, Foxtrot.

Located at 429 N. Michigan Avenue, Foxtrot at The Shops at Tribune Tower will be a multi-use space designed to create the experience of a neighborhood café that includes dedicated patio space fronting the 1.5-acre public park at Pioneer Court. The location will offer expanded grab-and-go offerings alongside an array of café items, thoughtfully curated snacks, and everyday essentials the brand has become known for. Opening for Foxtrot at The Shops at Tribune Tower is anticipated for spring 2022.

“Foxtrot is a community-serving retailer that brings a contemporary market to this high traffic location on the Magnificent Mile. It benefits everyone in the neighborhood including local residents, office workers, and visitors and is an ideal addition to our Shops at Tribune Tower,” said Shaul Kuba, Co-Founder and Principal, CIM Group.

Foxtrot’s location is directly adjacent to Museum of Ice Cream on the soon-to-be-completed Pioneer Court, apublic plaza that CIM Group and Golub & Company have reimagined as a more welcoming and activated landscaped community space in a park-like setting shared with Apple flagship store that draws throngs of visitors to its dramatic and creative space on the river. Pioneer Court creates a natural outdoor extension of The Shops at Tribune Tower, providing an expansive public area, event space, and view corridor that connects the city, its people, and the shops in a continuing evolution of the Magnificent Mile.

The Shops at Tribune Tower consists of 50,000 square feet of artfully-designed retail spaces that anchor the ground floor of the iconic 36-story, 740,000-square-foot Neo-Gothic Tribune Tower, located at 435 N. Michigan Avenue. The Tower has been transformed into 162 luxury residential condominiums, which has welcomed its first residents. The Shops at Tribune Tower expand the retail options and pedestrian engagement in this increasingly popular section of Michigan Avenue–-the Magnificent Mile.

Tribune Tower is a Chicago landmark originally built in 1925. Since acquiring the property in 2016, CIM Group and Golub & Company have maintained the historic integrity of the building while undertaking a repositioning that will add to the overall vibrancy and value of the area. Tribune Tower is ideally located in Chicago’s Magnificent Mile close to numerous public transportation lines, including CTA lines providing easy access to O’Hare and Midway International Airports.

In addition to Tribune Tower, CIM’s portfolio of Chicago properties includes 444 N. Michigan Ave., the 36-story, 517,000-square-foot Class A office building with 6,700 square feet of high street retail at the base on Magnificent Mile; Block 37, the 275,000-square-foot five-level retail center in Chicago’s Loop; mixed-use properties at 237 and 1643 N. Milwaukee Ave.; Paragon, an apartment development at 1326 S. State St.; and the 1550 On the Park residential condominium development.

About CIM Group

CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. CIM’s diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. For more information, visit www.cimgroup.com.

About Golub & Company

Since its founding in 1960, with three generations of professionals working in the business, Golub & Company has built a strong reputation as a trusted co-investor and developer with its many institutional and private capital partners. It’s a reputation based on track record; Golub and its affiliates have owned, leased or managed more than 50 million square feet of commercial, mixed-use and multifamily real estate properties, including 45,000 residential units, valued in excess of $10 billion located across the United States and internationally. Access more information by visiting www.golubandcompany.com.

About Foxtrot

Foxtrot is redefining convenience for the modern consumer, marrying the best of neighborhood retail and e-commerce technology to create a community of discovery. Its spaces offer the most-loved aspects of neighborhood cafés, and you can turn to the Foxtrot App or website for 30-minute delivery and 5-minute pick up of a city’s best goods – from local beers and fine wines to chef-prepared meals and everyday essentials. Foxtrot also offers the best of its favorite foods, goods and curated gifts available for nationwide shipping via Foxtrot Anywhere.

There are currently 15 Foxtrot locations across Chicago, D.C. and Dallas with plans to continue expansion in both existing and new markets. For more information, visit foxtrotco.com or download in the App Store.

Link: CIM Group and Golub & Company Bring Flagship Foxtrot Market to Chicago’s The Shops at Tribune Tower on the Magnificent Mile

CIM Group and Golub & Company Bring Museum of Ice Cream Flagship to Chicago’s The Shops at Tribune Tower in the Heart of the Magnificent Mile

10/6/2021

CHICAGO–CIM Group and Golub & Company announced today the signing of Museum of Ice Cream (MOIC) to a long-term lease for a prominent 13,544-square-foot location at The Shops at Tribune Tower in Chicago, Illinois. Chicago joins New York and Austin as the only U.S. cities with a permanent flagship location for MOIC’s immersive, interactive experience.

Since MOIC’s conception in 2016, it has catapulted a cultural phenomenon and ignited an entire experiential industry. Tourists and locals are drawn to the whimsical spaces, imaginative tours, themed retail, and café. Interest in MOIC has continued to grow with the New York location, which opened in 2016, posting record visitor counts this summer, and captivated crowds streaming through the recently opened Austin location.

Plans for MOIC at The Shops at Tribune Tower include the rollout of new features and attractions specifically designed for Chicago including a CTA-inspired “L” car called the Sprink-L, a giant dessert-themed putt putt course complete with a pink Chicago dog ice cream treat, and a café with an eclectic menu and outdoor seating that is open to all, along with fan favorites such as the sprinkle pool and the Museum of Modern Ice Cream (MoMi), enveloped in spaces infused with the Museum’s signature pink color scheme. Opening for MOIC at The Shops at Tribune Tower is anticipated for spring 2022.

Maryellis Bunn, Co-Founder and Creative Director at MOIC, says: “The opportunity to open one of the most ambitious formats of Museum of Ice Cream at Tribune Tower on the Magnificent Mile is incredibly exciting. The history of architecture, art and revolutionary commerce in this district over the past 100 years makes this a perfect setting for the next iteration of Museum of Ice Cream. Not only will there be new installations, but MOIC Chicago will debut an updated format to engage families during the day and help adults celebrate at night in true MOIC style. We are thrilled to bring Museum of Ice Cream to Chicago’s storied Michigan Avenue and even more thrilled to be creating new experiences and features that reflect and celebrate the essence of Chicago.”

The Shops at Tribune Tower consists of 50,000 square feet of artfully-designed retail spaces that anchor the ground floor of the iconic 36-story, 740,000-square-foot Neo-Gothic Tribune Tower, located at 435 N. Michigan Avenue. The Tower has been transformed into 162 luxury residential condominiums, now welcoming its first residents. The Shops at Tribune Tower expand the retail options and pedestrian engagement in this increasingly popular section of Michigan Avenue–-the Magnificent Mile.

“Museum of Ice Cream has raised the bar on customer engagement and set a new standard for creative experiences, which we believe is the type of attraction that will draw scores of people to the area that will energize Pioneer Court and patronize other businesses and dining options here on the Magnificent Mile and the Riverwalk,” said Shaul Kuba, Co-Founder and Principal, CIM Group. “The Shops at Tribune Tower provides significant prime storefront space on Michigan Avenue, an area that is now the top option for retailers entering the Chicago market. We are targeting a mix of traditional retail, digital retail expanding into physical spaces, and food and convenience shops that will serve Tribune Tower residents and the greater community.”

MOIC’s flagship location opens on to the soon-to-be-completed Pioneer Court, an approximately 1.5-acre public plaza that CIM Group has reimagined as a more welcoming and activated landscaped community space in a park-like setting that also is directly across from the Apple flagship store that draws throngs of visitors to its dramatic and creative space on the river. Pioneer Court creates a natural outdoor extension of The Shops at Tribune Tower, providing an expansive public area, event space, and view corridor that connects the city, its people, and the shops in a continuing evolution of the Magnificent Mile.

“With the top-drawing flagship Apple store, the new development and restaurants along the river, and now our The Shops at Tribune Tower that brings a new public plaza and the popular Museum of Ice Cream, we believe the already surging customer volume will increase, indicating that this is the new top retail destination on the Magnificent Mile,” noted Kuba.

Tribune Tower is a Chicago landmark originally built in 1925. Since acquiring the property in 2016, CIM Group and Golub & Company have maintained the historic integrity of the building while undertaking a repositioning that will add to the overall vibrancy and value of the area. Tribune Tower is ideally located in Chicago’s Magnificent Mile close to numerous public transportation lines, including CTA lines providing easy access to O’Hare and Midway International Airports.

In addition to Tribune Tower, CIM’s portfolio of Chicago properties includes 444 N. Michigan Ave., the 36-story, 517,000-square-foot Class A office building on Magnificent Mile; Block 37, the 275,000-square-foot five-level retail center in Chicago’s Loop; mixed-use properties at 237 and 1643 N. Milwaukee Ave.; Paragon, an apartment development at 1326 S. State St.; and the 1550 On the Park residential condominium development.

The Museum of Ice Cream is Headed to Michigan Avenue

GOLUB & COMPANY EXPANDS WESTERN REGION OFFICE TO SUPPORT SIGNIFICANT DEVELOPMENT PIPELINE

Michael Glazier Relocates to Denver to Fill Strategic Leadership Role

CHICAGO – September 17, 2021 – Chicago-based Golub & Company has announced the expansion of its Western Region office with a strategic relocation, new hires, and role expansions. Golub is currently in the pre-development stage of three high-profile Denver, CO-based projects including the thirteen-acre Denargo Market site along the South Platte River, the 2.5-acre former Greyhound terminal site at 1055 19th Street and a two-acre site at 3800 Blake Street. These three projects could equate to more than four million SF of office, residential and mixed-use development over the next ten to fifteen years.  

Michael Glazier, a 20-year Golub veteran, is relocating from Chicago to Denver to serve as Senior Vice President, Western Region. In his new role, Michael will oversee the execution of Golub’s current and future Western Region development deals and acquisitions. Michael’s experience with Golub & Company includes spending several years in Central Europe in the 1990s when Golub was establishing its presence in Poland. Most recently, Michael has been working as a senior member of the Chicago Development and Acquisition team.

Laura Newman will become Director of Investment and Development and lead the execution of all Denargo Market deals while also continuing with her previous responsibilities of supporting the acquisition team — led by David Smith, Vice President of Western Region Acquisitions— on new Western Region business pursuits. Laura relocated from Chicago to Denver in 2018 to establish the firm’s office there.

“David Smith and Laura Newman have been the driving force behind our acquisitions efforts, generating a $1.5B development pipeline in the Denver market alone,” said Michael Newman, President and CEO of Golub & Company. “As they continue to expand our footprint across the front range and other western cities, we are excited that Michael Glazier enthusiastically accepted the challenge to relocate to Denver and we are confident that he will bring his impressive depth of experience to competently lead the execution of our current projects and future pipeline throughout the Western Region.”

Since June, four other key roles have been added to Golub’s Denver office:
Martin Willie Development Manager for Office
Oswaldo Lopez Development Manager for Residential
Wade Davidson Project Manager
Malorie Torrey Financial Analyst

“It’s exciting to watch the rapid growth we are experiencing in the Western Region,” said Glazier. “We are proud to play a significant role in the evolution of downtown Denver and its surrounding neighborhoods. In particular, the Denargo Market project is going to positively impact the RiNo Arts District that has been evolving steadily over the past 20 years,” he added. “The team we now have in place— along with future planned project management roles— will ensure that we deliver beautiful developments that bind communities together for decades to come.”

About Golub & Company

Since its founding in 1960, with three generations of professionals working in the business, Golub & Company has built a strong reputation as a trusted co-investor and developer with its many institutional and private capital partners. It’s a reputation based on track record; Golub and its affiliates have owned, leased, or managed more than 50 million square feet of commercial, mixed-use, and multifamily real estate properties, including 45,000 residential units, valued in excess of $10 billion located across the United States and internationally. Access more information by visiting www.golubandcompany.com

GOLUB & COMPANY HONORS THE LATE DEBBIE FRANK WITH FUND TO SUPPORT EMERGING WOMEN LEADERS IN REAL ESTATE

CHICAGO – July 7, 2021 – Golub & Company has launched the Debbie Frank Legacy Fund, an initiative of the Golub Family Foundation, to support the professional development of women in real estate in honor of the late Debbie Frank, an accomplished leader in the Chicago commercial real estate (CRE) industry who directed Golub’s Commercial Leasing Group for 14 years. The fund will contribute annually to organizations that are dedicated to education, mentorship, and community involvement. For 2021, the Debbie Frank Legacy Fund’s inaugural year, the primary beneficiaries will be the impactful scholarship programs offered by CREW Network Foundation and The Goldie Initiative.

“Debbie inspired so many people and accomplished so much professionally during her time at Golub,” said Paula Harris, managing principal. “To honor her memory, we hope to nurture the next generation of women leaders in real estate and want to help them find their own ‘unbridled awesome’ just as Debbie did during her short life.”

To honor Frank’s fun-loving spirit, Golub & Company will host a fundraiser for the Debbie Frank Legacy Fund on September 30, 2021 at Joe’s Bar on Weed St. The inaugural Debbie’s Buck-it Bash will feature a performance by renowned Chicago party band Dr. Bombay.

About Debbie Frank

A graduate of the University of Texas and Kent College of Law, Debbie created a compelling 22-year career in commercial real estate, including most recently as senior vice president of leasing for Golub & Company. Throughout her career, she was known for being a proactive problem-solver and relationship-builder with great energy and empathy.

Debbie died from cancer at the age of 44 in December 2020, leaving behind her husband, young daughter and numerous family members, friends, colleagues and peers who remember her for her brilliance, unique personality, sharp sense of humor, and boundless compassion.

Frank always advocated for the advancement of women in the industry and was a mentor to many women real estate professionals both within Golub and in the greater Chicago CRE community. She was a member of CREW Chicago and COLBA (Chicago Office Leasing Brokers Association) and also participated in The Honeycomb Project, a nonprofit organization with a focus on family volunteering. The Debbie Frank Legacy Fund aims to capture Frank’s commitment to boosting others and helping them achieve great things in their lives and careers.

About Golub & Company

Since its in founding in 1960 and now with three generations of professionals working in the business, Golub & Company has built a strong reputation as a trusted co-investor and developer with its many institutional and private capital partners. It’s a reputation based on track record; Golub and its affiliates have owned, leased or managed more than 50 million square feet of commercial, mixed-use and multifamily real estate properties, including 45,000 residential units, valued in excess of $10 billion located across the United States and internationally. Access more information by visiting www.golubandcompany.com

Farpoint Development and Golub and Company Break Ground on New Resident Clubhouse at Bronzeville’s Prairie Shores

New building adds a modern, multifunctional recreation space for the Prairie Shores community

June 9, 2021 – Prairie Shores Owners will break ground today for construction of a new, standalone clubhouse for residents of the iconic Bronzeville apartments on South Martin Luther King Drive. Once completed, the 17,500 square foot, two-story structure will feature various amenities that will provide an array of entertainment, recreation, fitness and workspace options for residents. Construction is expected to be completed by the second quarter of 2022. The building will be located between the 2901 and 2951 towers along Martin Luther King Drive.

Prairies Shores is a five-tower apartment community, composed of 1,675 units. The property was purchased in 2019 by Chicago-based firms Golub & Company and Farpoint Development, along with New York-based Goldman Sachs Urban Investment Group.

The clubhouse construction is one phase of planned renovations that will modernize the units and common areas in all five Prairie Shores towers. In addition to the clubhouse, other renovation plans include interior unit renovations, upgrades to corridors and lobbies, elevator modernization, and enhanced landscaping.

“People who live at Prairie Shores work hard and are proud of their community, and they deserve a modern space that invites them to relax and engage with their neighbors,” said Steve Sise, senior vice president of portfolio management at Golub & Company. “We’re excited to bring back a stronger sense of neighborhood to the families of Prairie Shores.”

Designed by global architectural firm Gensler, with interiors by Stanton Interior Concepts, the clubhouse’s modern features will include:

  • Roof deck: three grill stations for cooking, bar seating, lounge seating, two fire pits, outdoor media walls, elevated turf platform
  • A two-story fitness center: the second floor will feature a cardio studio including cardio equipment with TVs, yoga, private wellness room; the first floor will feature equipment for weight training, crossfit training and strength training
  • Grab n’ go café area and standalone vending 
  • “Great” room with lounge seating, fireplace, and TVs
  • Game room and kitchen area – pool table, TVs, kitchen bar and high-top seating
  • Co-working lounge – lounge and booth seating for groups or individual seating for working, private conference room and private work/computer rooms

In addition to these, the clubhouse will house the new Prairie Shores leasing and management offices. The updates and additions to the campus will complement the resurgence of equitable development happening in the Bronzeville community.

“Prairie Shores’ modernization will ensure it continues to be an attractive housing option for current and future residents,” said Morgan Malone, Farpoint Development’s director of development and external affairs. “As plans get underway to develop nearby lakefront areas, Prairie Shores will continue to be a thriving residential housing anchor for the Bronzeville community.”

Leopardo is serving as the project’s general contractor. To view renderings of the new clubhouse, click here. 

Prairie Shores Resident Clubhouse Breaks Ground in Bronzeville