BlitzLake was founded in 2009 by David Blitz and Jeff Lake. It was their goal to look beyond real estate development. It was their vision to give neighborhoods a new heart, to give brands a new platform and to breathe new life into spaces sitting quietly with potential.
By combining their expertise in trading, finance and investment management, they set out to create visionary projects that not only enhance communities but also grow brands and professional relationships.
Along with their pooled financing and development of over seven million square feet of commercial real estate, the BlitzLake partners have co-founded several businesses and brands and built their successes from inception to completion. These include Untitled Supper Club in 2012 and Studio Three in 2015 – a first-of-its-kind boutique fitness studio. The Studio Three concept has grown so popular, that it was recently named a “Top 10 Most Iconic Global Facility” by Destination Luxury and has provided the neighborhood and community a unique new place to gather and grow.
With the success of their own brands, BlitzLake has also cemented relationships with key corporate players to add value to underutilized properties, most notably, the Target Corporation. BlitzLake negotiated a deal to have Target anchor the corner of one of their trophy projects at Clark and Belmont in Chicago and delivered another 33,000 square foot location in Skokie, Illinois soon after.
BlitzLake’s commitment to look beyond brick and mortar has propelled them into position to launch even more exciting projects in the future. In the next two years, they expect to deliver approximately 200 units and 35,000 square feet of retail along with expanding the upscale Studio Three concept.
BlitzLake is poised to continue generating vibrant, innovate projects that challenge the status quo of real estate development. What started with one building at one intersection in Chicago has grown exponentially into city blocks, neighborhood hubs and iconic landmarks – the potential is endless.
The real estate practice at BlitzLake is focused on land transactions ranging from $1 million to $20 million with a development size of up to $100 million. They Strive to identify underutilized sites where development will have the most potential to not only create value for the community, but also generate solid, risk-adjusted returns.
The BlitzLake 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. They have built and maintained close affiliations with contractors, operators and financiers, which allow them to identify and resolve potential issues before they become problems. With this extensive, industry-wide experience and their constant ability to execute, the BlitzLake team has been involved in the financing and development of over seven million square feet of commercial space valued at over $4 billion.