Tower Real Estate Development (TRED)
providing full-service developer opportunities.
Through our sister company, we specialize in commercial and residential developments that bring value to the local neighborhoods. We are not your typical real estate developer. By leading the land acquistion, rezoning, entitlement, design and construction process, we control risk across the entire project. We take pride in overseeing the process from the perspective of the owner and builder. This results in projects that are designed to benefit the communities and return value to our investment partners.
Development abilities include:
Luxury Single-Family homes and townhomes
Multi-family apartment buildings / TIF Districts
Commercial Office Spaces
Mixed Use and Retail Developments
Warehouse and “flex” warehouse / office space
Parkside Place Condominiums - 15 Unit Luxury Condos in Clarendon Hills, IL -
PARKSIDE PLACE CONDOMINIUMS
15 Condo Units in CLARENDON HILLS, IL
Parkside Place is a mixed-use residential development bringing 15 luxury condominium homes to downtown Clarendon Hills, alongside boutique lodging, ground-floor retail, and a new public plaza that reconnects the block to the community around it.
Every detail, from the residences to the streetscape, is designed to feel rooted in place: architecture that respects its surroundings, finishes built for everyday elegance, and a public realm meant to be used, not just looked at. Parkside Place is a legacy project for Clarendon Hills, built to last for generations.
Delivery in Spring 2028.
Future Redevelopment Rendering
Existing Building to be modernized
Plainfield Yard
Industrial Repositioning
Tower Real Estate Development closed on an existing 340,000-square-foot industrial property situated on 42 acres in Plainfield, IL.
This was a complex transaction and a great example of what can happen when the right partners come together around a shared vision. We partnered with RAK Realty Group and Oakwood Real Estate Partners to acquire the property for $21 million, with more than $13 million of additional capital improvements planned for the building and site.
Redwood Construction Group will serve as the Construction Manager for this exciting repositioning project.
Project scope will include replacing the building facade, upgrading the MEP systems with a new fire pump, HVAC units and utilities, creating new loading docks and building entrances and all new office suites.
MADISON RESERVE — Luxury Subdivision
7 CUSTOM LUXURY HOMES - BURR RIDGE, IL
Madison Reserve sits on 4.73 acres at 6221 S. Madison Street in Burr Ridge, one of the last true infill opportunities in one of DuPage County's most established communities. Seven estate lots front a new cul-de-sac, directly across from Ruth Lake Country Club and within walking distance of Elm Elementary, Hinsdale Middle School, and Hinsdale Central, all in the top-ranked school district in DuPage County.
The subdivision is currently in entitlement and permitting. Project scope will include an underground stormwater management system preserving open, usable yard space to create a private park area. Homesites will be priced at $1.2M per lot, supporting custom homes in the 5,000 to 5,500 square foot range (including finished basements), with fully custom homes starting at $3.5M.
The project is positioned to set a new standard for the entry point of Burr Ridge's new luxury home market.
