In addition to financing and development of over eight million square feet of residential and commercial real estate, BlitzLake has co-founded and managed several successful businesses and brands from inception to completion. These include Untitled Supper Club in 2012 (8-time Michelin Bib Gourmand List) and Studio Three in 2015 – a first-of-its-kind boutique fitness studio. The Studio Three concept has grown so popular that it was named “Best Places to Work” by Crain’s Chicago in 2019 and was featured as a wellness innovator by the Wall Street Journal in 2020. Studio Three continues to innovate and expand with plans to anchor the Thompson Hotel in Downtown Austin, Texas in the Summer of 2022.
BlitzLake has also cemented relationships with key corporations and neighborhood groups by investing through our equity platforms, adding value to underutilized properties and forming solid relationships with our landlords and tenants across all industries. We were early seed round investors in Peloton in 2013 and we negotiated a deal to have Target Corporation anchor the corner of one of our trophy multifamily projects, Lakeview 3200 in Chicago. Shortly thereafter, we partnered with Target again to deliver a 33,000 square foot location in Skokie, Illinois. Over the last decade, we have assembled 5 properties within one block of the Clark and Belmont intersection and transformed them into 240 apartments and 70,000 square feet of prime retail space. We have worked extensively with local community groups and replaced dilapidated properties with Class A infrastructure that includes iconic and fitting architecture, positively transforming the intersection and surrounding area. In addition to this we have played a part in the transformation of city blocks from Lincoln Park to River North as well as worked through complex transactions, working through the repositioning of assets through Chicago’s urban ring suburbs.
Our commitment to look beyond brick and mortar has propelled us into a position to launch additional exciting projects in the future. We are poised to continue generating vibrant, innovative projects that challenge the status quo of both fitness and real estate development.
Our team of professionals has assembled an impressive network of business relationships through decades of work in debt and equity financing, real estate development, hospitality operations management, trading, consulting, asset management, investment management, brokerage, construction, and law. We have built and maintained close affiliations with contractors, operators and financiers, which allow us to identify and resolve potential issues before they become problems. With this extensive, industry-wide experience and our constant ability to execute, our team has been involved in the financing and development of over eight million square feet of commercial space valued at over $4 billion.