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Mesa Development is a Chicago-based real estate development and advisory firm that specializes in urban, mixed-use development, and has in-house expertise for all phases of the development process – zoning & entitlements, design overview, construction management, financing and investment sales.

In the nearly 15 years that Mesa Development has been in operation, the firm has achieved impressive growth; establishing a record of success and a culture for providing innovative solutions to complex real estate problems.

Mesa’s award winning projects include residential condominiums, rental apartments, retail, parking, student housing and office uses.

 

PROVIDING INNOVATIVE SOLUTIONS FOR 15 YEARS

ABOUT US

Mesa Development completes projects for its own investment account and also provides advisory services for strategic clients and investors. We have an excellent track record of working with leading architects, contractors, marketing organizations, banks and investors to conceive, construct, and deliver complex real estate developments.

Mesa Development also acts in an agency capacity for lenders, municipalities, developers and other owners of real estate assets; creating strategies to enhance the value and marketability of their holdings. With a staff of development, construction management, and finance professionals, as well as strong relationships with outside service providers such as architects, contractors, and brokers, Mesa has the ability to manage projects throughout the full term of the development cycle.

RICHARD A. HANSON

Founding Principal
and Chairman

WILLIAM T. LYONS

Director of Construction

JAMES M. HANSON

Principal

OUR TEAM

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THE LEGACY AT MILLENNIUM PARK

Chicago, Illinois

Residential
Condominium Tower

356 Units

RECENT
PROJECTS

Mesa specializes in the construction of complex, mixed-use projects. The unique challenges of these types of projects, including the struggle to optimally accommodate a complex program, the required consensus building with the various project stakeholders and the required community outreach in order to build local support for the project, are significant.

THE HERITAGE AT MILLENNIUM PARK

Chicago, Illinois

Residential
Condominium Tower

356 Units

In 2013, Mesa Development sponsored an equity investment fund to source investment properties on the city’s South Side for acquisition and renovation into affordable rental housing. The initial fund will acquire approximately 100 units, which will include single family residences and 2-4 unit buildings.  Subsequent funds may acquire an additional 500 to 1,000 units.  The Fund will source, renovate, lease and manage scattered site affordable housing in the City of Chicago.  While the venture is for-profit, the goal of the fund is to help revitalize these neighborhoods by providing safe, quality housing and high-quality property management services.

In addition to our acquisition pursuits, we have been meeting with various individuals and organizations that have an interest in affordable housing in the City of Chicago to raise awareness for this fund to leverage the potential for a positive neighborhood impact. Initiatives include regular meetings with non-profit organizations, lending institutions, social/civic groups, religious organizations, government entities involved in affordable housing, and other interested parties.

 

AFFORDABLE HOUSING

Since the founding of Mesa Development, we have assisted third-party clients in addressing complex real estate issues. Our approach is to seamlessly integrate our team with the client’s team in order to provide as much, or as little, advice as is desired. We understand that all organizations function differently and therefore we are careful to assess organizational dynamics as well as real estate fundamentals on each new assignment.

We have the expertise, capabilities, and the skill set to advise developers, mezzanine lenders and commercial banks in strategies to plan, entitle, recapitalize, reposition or dispose of real estate assets. We have provided advisory services to participants in all levels of the capital stack (equity, preferred equity, mezzanine debt and senior debt).

We recognize the interdependencies between design, construction, schedule, capital and community. It is our belief that an informed owner makes the best decisions, and therefore we focus on creating regular, direct lines of communication with our clients. The spirit of active listening and effective communication is a hallmark of every Mesa Development engagement. We also embraces diversity as a core value. We are committed to achieving the MBE, WBE and Workforce goals set for all projects and we have a keen understanding of the local marketplace.

 

 

 

SERVICES

PROJECTS HIGHLIGHTED BELOW REPRESENT PROJECTS COMPLETED BY MESA PRINCIPALS WHILE EMPLOYED AT MESA AS WELL AS OTHER FIRMS WHERE THEY HELD LEADERSHIP ROLES.

 

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205 N. Michigan Ave., Suite 2200,  Chicago,  IL 60601     t. 312.240.1700    f. 312.240.1701

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