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McCormick Square project to be topic of April 20 forum

Business, Real Estate, Roosevelt's Chicago
Apr
6
Thu
2017
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City and convention development experts will lead a panel discussion on the newly designated McCormick Square during the Gerald Fogelson Forum on Real Estate. The program will take place April 20 at 5 p.m. at Roosevelt University, 425 S. Wabash Ave., Chicago.

Located between the South Loop, Chinatown, the Prairie District and Bronzeville, the McCormick Square development is designed to bring community, economic stability and entertainment to its surrounding neighborhoods and beyond.

With new hotels, arena, restaurants, rooftop garden and more, McCormick Square will be a year-round entertainment destination for visitors and locals.  Future expansions are being planned for continued growth in the area.

Leading the forum will be Lori T. Healey, chief executive officer, Metropolitan Pier and Exposition Authority (MPEA). Healy joined the organization in 2015. She oversees the development of McCormick Squares’ Wintrust Arena and the Marriott Marquis.  She was previously CEO of Chicago-based investment and urban economic development firm Tur Partners LLC. Her experience includes organizing the 2012 NATO Summit, held at McCormick Place, as well as managing Chicago’s bid for the 2016 Summer Olympics.

Joining Healy is David Reifman, commissioner of Chicago’s Department of Planning and Development (DPD).  Reifman is responsible for leading the department's Housing, Economic Development, and Planning & Zoning bureaus while fostering community-improvement projects and initiatives throughout the city. As commissioner of DPD, he serves on the Chicago Plan Commission, Community Development Commission and Commission on Chicago Landmarks, among other public agencies.

Representing the private sector is Thomas A. Hazinski, managing director of Convention-Sports Entertainment, HVS, which he founded in 2001. Hazinski advises state and local governments and private entities on the development of convention centers, sports facilities, performing arts centers, and many other types of public assembly facilities. HVS CSE provides feasibility studies, operational analysis, economic and fiscal impact analyses, and tax projections that support the issuance of public debt.

“McCormick Square will energize Motor Row, connect McCormick Place and China Town and become the next hot real estate market in Chicago,” said Jon B. DeVries, director, Marshall Bennett Institute of Real Estate. “Plus, the new Cermak CTA station will drive new growth just like the new Morgan Street station did in Fulton Market.”

The Gerald Fogelson Forum on Real Estate was founded in 1999 to provide industry professionals and students with an opportunity to participate in discussions and presentations by leaders in all areas of commercial real estate development. It is the foremost real estate forum in the industry.

The forum begins with a 5 p.m. reception with refreshments and hors d’oeuvres. The panel discussion will follow from 5:30 p.m. to 6:45 p.m. in the Wabash Building, Room 418.  Cost is $25 per person.  Roosevelt staff and students may attend for free with school identification. Please register online.

Since its founding in 2002, the Marshall Bennett Institute of Real Estate has grown to become one of the largest graduate real estate programs in the country with more than 60 current students and more than 500 graduates. Degrees offered include the Master of Business Administration with a concentration in Real Estate and the Master of Science in Real Estate.

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