David Ariola Email & Phone Number

David is an expert at executing every phase of large, complex development projects including master planning, entitlements, and design and construction management. He has personally provided leadership on over $3 billion worth of projects in almost every product type, primarily located on complex urban sites.David has a comprehensive understanding of complex financing structures including TIF, tax credits and other governmental incentives and the ability to properly implement these programs into developments. He was appointed by the Mayor of the City of Chicago to serve as a Commissioner on the Community Development Commission which was responsible for reviewing and approving City initiated transactions and development deals.David has served as a member of the Rush University Medical Center’s Board of Trustees Facilities Committee since 2010 and has been actively involved in many strategic planning studies and public relations issues related to a complex urban site as well as delivering over $1.9 billion of hospital, outpatient and specialty building projects.David is a licensed broker and has performed every type of commercial real estate transaction including office and retail leasing, dispositions and acquisitions. Recent, representative projects where David was the project executive include: - Urban hi-rise multifamily. 1) 8000 N Lincoln, downtown Skokie, IL – 150 units, retail, parking garage, $90M (2021); 2) 1326 S Michigan, Chicago – 500 units, retail, parking, $170M (2019); 3) Grand Plaza, Chicago – 800 units, retail, parking, $200M- Office. 1) 318 N Carpenter, Chicago, 120K sf, $65M (2020); 2) 2122 York Road, 130k sf repositioning, $25M, (2021)- Community. 1) CanTV television studio $15M (2016); Breakthrough Urban Ministries community center/clinic (2015) $20M- Hospitality. 1) Water Street District Hotel Indigo downtown Naperville, IL. 162 rooms, retail, office, $100M (2017); 2) Cambria Downtown Milwaukee 150 rooms, $20M (2019); 3) Kinn Hotel, Historic rehab, Milwaukee, WI- Historic Rehab – Lofts On Arthington, Chicago, IL. 200 units affordable housing, $60M (2017)David is the president of Chicago Realty Company, which he founded in 2005 and grew to over five partners and staff before settling on the current owner/operator model. After 30 years in the City, David now resides in St Charles, IL with his wife and two children. He is a fitness buff (former triathlete, cyclist and professional natural bodybuilder), skier (25 plus days per year out west), avid reader, aspiring golfer and enjoys riding motorcycles.

Listed skills include Real Estate Development, Real Estate Transactions, Commercial Real Estate, Disposition, and 30 others.