Anticipating Opportunity - Case Study
In the mid-1990s, a highly prominent stretch of North Avenue in Chicago's reborn, flourishing Lincoln Park neighborhood consisted mainly of small, contiguous, obsolete properties. GK Development, Inc. possessed the foresight to recognize that the gentrification of the neighborhood's residential properties would spur a demand for top-shelf commercial properties.

One by one, GK Development, Inc. purchased these small, contiguous, obsolete properties with an eye toward the needs of the neighborhood. GK Development, Inc. re-developed the property, adding vibrant new retailers to the area, thereby helping to revitalize Chicago's north side. Tenants in the area now include Restoration Hardware, Z Gallerie, Crate & Barrel, The Gap, Old Navy and Banana Republic.

Creating Opportunity
We specialize in projects where our real estate experience and investment skills create steady, increasing value for our investors, tenants and community. Revitalization of such properties is in the best interest of investors, municipalities and surrounding communities. With GK's development strategies, investors experience strong annual yields as well as capital appreciation.

Redevelopment
Difficult properties can be converted into viable commodities. Our track record proves that we understand the underlying value inherent in real estate.

Repositioning
We study the communities of our properties. By properly interpreting trends in retailing, population growth and demographics, we can transform under-performing properties into thriving commercial retail properties that reflect their surrounding community.