DL3 Realty

Progress is underway! DL3 Realty’s Thrive Exchange mixed-use project, awarded as part of Chicago's Invest South/West initiative in 2021, has secured a full building permit!     Designed by KOO LLC, the project will feature a six-story mixed-use building that will be 78 feet tall and feature a new landscaped plaza. It will also deliver 43 affordable workforce housing units renting at 60% AMI. The east side of the ground floor of the building will have retail space and offices for Neighborhood Housing Services, with a $100 million investment aimed at revitalizing the South Shore neighborhood. Learn more here: https://lnkd.in/efd3amfU #DL3Realty #ThriveExchange #ChicagoDeveloper 

We are happy to announce Chicago’s newest development, West Pullman Industrial Center!   Located on a 24-acre site in a bustling commercial district in West Pullman, this project offers a unique opportunity for businesses and investors looking to capitalize on the growth and vibrancy of Chicago's South Side. The property features a well-maintained structure, ample parking, and outdoor storage space, making it ideal for various uses, from light manufacturing to distribution.    Its location also provides easy access to major highways, including I-57, and key transportation hubs such as the CTA, Metra, airport, and railroad, ensuring seamless connectivity and logistics. This versatile site presents a significant opportunity for redevelopment, expansion, or leasing.     As the developers for this project, we are proud to have collaborated with our trusted JLL partners Michael Conway, Jackie Shropshire, and Scott Duerkop, Ware Malcomb partners Marek Pula Mark A. Schwamel, FAIA and Nick Edwards, along with ARCO/Murray's Leah George, whose expertise has been invaluable in bringing this vision to life. Special thanks to our dedicated team members Leon Walker, Ryan Christopher Green, Alex J. Sparhawk, Esq., and Rob Rose for their hard work and commitment throughout the development process. For more information, visit: https://lnkd.in/e9-MqnwG #DL3Realty #WestPullman #ChicagoDevelopers

As Leon Walker highlighted, understanding demographic trends is crucial in driving demand and ensuring long-term success. At DL3 Realty, we believe that successful real estate development isn’t just about building structures—it’s about building communities. We’re committed to creating spaces that not only meet the needs of today but also anticipate the growth and shifts of tomorrow.   Thank you, Clayco and Lamar Johnson, FAIA, for hosting this important panel discussion and to the panelists who joined in sharing invaluable insights at the Chicago Central Area Committee (CCAC) meeting!

History is what we honor. Communities are what we grow. Impactful developments are what we lead. Home to the University of Chicago and the Obama Presidential Center, the Woodlawn neighborhood will soon have another transformative site in its community-- the redevelopment of the longtime vacant Washington Park National Bank. The revitalized 70,000-square-foot first-class office building will integrate the historic façade into its modern design, preserving the character and legacy of the original structure built in 1924.  The $40+ million investment will bring much-needed quality office and entrepreneurial space to the community, a state-of-the-art Chicago Public Library, and ground-floor retail space. Once completed, the LEED Silver Certified building will be 6-stories. The next community meeting for this project will be held at Chicago Public Library- Coleman Branch on Tuesday, December 10 at 5:30 p.m. We welcome all to join us as we gain feedback on what you want to see at Revive 63! Learn more here: https://lnkd.in/ea2ySEnN #DL3Realty #WashingtonParkBank #Revive63 #ReinvestinginCommunities

Our vision for Chicago’s neighborhoods is to build vibrant, thriving communities where everyone has access to opportunity and a higher quality of life. Discover how we are creating a steady flow of development opportunities that aim to positively impact the lives of Chicagoans every day. Learn more here: https://lnkd.in/dFSyXwuk

Working closely with community development corporations, local non-profit organizations, and governmental entities to bring high-impact retail, institutional, and professional office projects to Chicago's urban communities is a goal DL3 Realty aims to achieve with every project. This collaborative approach ensures that developments are aligned with community needs and aspirations. At DL3 Realty, we believe that true success is measured not just by the projects we complete, but by the positive impact we create in the lives of residents and the vibrancy of the neighborhoods we serve.  #DL3Realty #CommunityDevelopment #ChicagoRealEstate

Happy Thanksgiving from all of us at DL3 Realty! This holiday, we are grateful for the opportunity to gather with loved ones and reflect on the blessings in our lives. May each of you find joy, warmth, and peace this season. Wishing you and your families a wonderful Thanksgiving filled with love and gratitude! 🦃❤️  #Thanksgiving #Gratitude #Community #Family 

From the Jewel Osco in Woodlawn, Blue Cross Blue Shield Customer Care Center in Morgan Park, Discover Call Center in Chatham, and a full-service Friend Health Center in Woodlawn, the work of DL3 Realty is rooted in making strategic investments that benefit Chicago residents through employment opportunities, accessible resources, and quality health care. Learn more about our projects here: https://lnkd.in/dFSyXwuk #DL3Realty #InvestingInChicago #CommunityImpact #HealthAndWellness 

Earlier this week, DL3 Realty’s Alex J. Sparhawk, Esq., Director of Acquisitions & Development, joined forces with the Chicago Department of Planning and Development, 20th Ward Ald. Jeanette Taylor, bKL Architecture LLC, and Chicago Public Library to host the first community meeting for the Washington Park Bank Building/Revive63 Initiative. This meeting was an important opportunity to engage with local neighbors, share the vision for the project, and listen to their valuable feedback. At DL3, we strongly believe that real estate development should not only improve buildings but also strengthen the communities they serve.    A special thanks to Ald. Jeanette Taylor and her team for their support in facilitating the meeting. Their commitment to ensuring the voices of Washington Park residents are heard is truly appreciated.    We are excited to continue working together to bring this revitalization project to life for all in the 20th Ward.   #CommunityEngagement #Revitalization #WashingtonPark #Revive63Initiative

With a family legacy that began over 50 years ago, Leon Walker grew inspired watching his parents build a daycare to help working families on the Southside. He quickly believed he, too, could make an impact. After graduating from the University of Chicago with both a Master’s in Business Administration and a Juris Doctorate, Leon spent years honing his skills in global banking and commercial real estate. Ultimately, the call of Chicago drew him back home to embrace the values his parents instilled—being a helping hand to the community. In 1999, DL3 Realty, a Black-owned development firm, was formed and has since made a significant impact throughout Chicago with its development of education centers, professional office buildings, mixed-use housing, call centers, medical districts, and national tenant-anchored retail centers.  Now, as a full-service firm with a dedicated team of professionals, DL3 Realty is transforming the city through commercial development, advisory services, and philanthropic partnerships with community organizations, all focusing on advancing the quality of life for everyday Chicagoans.   #DL3Realty #Legacy #Chicago #ChicagoDeveloper #RealEstate