Over 30 years ago, the principals of DL3 Realty came together to revitalize the commercial landscape of the far south side of Chicago, which had declined after the social unrest of the 1960s.
DL3 Realty has spent the past 30 years acquiring prominent commercial locations in and around the South Shore, Roseland, and Morgan Park neighborhoods in order to establish high quality education programs, professional office buildings, and national retailer anchored strip malls.
Today, DL3 Realty is a locally-respected and nationally-recognized full service real estate development firm that is dedicated to transforming communities through high-impact commercial real estate. From medical centers to grocery stories, our connection to community creates a pipeline of development opportunities that improves the quality of life for everyday Chicagoans. We continue to expand through new developments and acquisitions of commercial sites, including an active pipeline of over $50 million in commercial projects designed to elevate Chicago's urban communities.
In 2019, DL3 launched an impact fund. The inaugural fund allows accredited investors to leverage DL3’s nationally-recognized approach to realize risk-adjusted financial returns and meaningful social and economic impact. For more information about investing, contact us.
We have five criteria to ensure that where we develop has the most impact to the community:
Past evidence of potential development
Anchor institution investment
Activities changing the community brand
Learn more about our Venture Development approach and download our white paper.
Collaboration and Community Involvement
DL3 Realty invests in commercial projects that improve urban communities. In furtherance of this goal, we work 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.
DL3 Realty’s Recent Corporate and Community Collaboration Partners Include:
Roseland Community Hospital
Beverly/ Morgan Park Community Development Corporation
Better Boys Foundation
Chicago Family Health
Chicago Community Loan Fund
Far South Side Community Development Corporation
Chicago Neighborhood Initiatives
Magic Johnson Bridgescape
The Salvation Army
Hinshaw & Culbertson LLP
Urban Partnership Bank
Roseland Community Medical District (see plan below)
Grand Ridge Bank
Northern Trust Bank