Real estate development in Illinois involves the planning, designing, and construction of residential, commercial, and mixed-use properties. Companies range from large corporations to family-operated firms, and they offer services like property development, management, and investment. Growth in urban centers and suburban areas fuels demand for housing, making sustainable practices increasingly important for developers. Notably, the sector is evolving to meet new consumer preferences, with a focus on green building and community-oriented projects. The rise of adaptive reuse projects showcases a growing trend toward enhancing existing structures, reflecting how developers balance innovation with preservation.

The Illinois real estate development scene features firms of various sizes, ranging from smaller family-owned companies to corporations with hundreds of employees. Many of these firms are headquartered in Chicago, the state's economic hub, and have been established for decades, some since the mid-20th century. They specialize in a broad array of projects—from luxury high-rises and single-family homes to commercial properties and mixed-use developments. Notable names include Habitat and Golub & Company, each contributing distinctly to the local market and urban vitality.

Continue reading to discover the top real estate development companies in Illinois.

Top 23 Real Estate Development Companies Companies in Illinois

1. Habitat

• Website: habitat.com
• Ownership type: Corporate
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 97%, Other 3%
• Latest funding: January 2022
• Founded year: 1971
• Headcount: 501-1000
• LinkedIn: the-habitat-company

The Habitat Company, based in Chicago, Illinois, is a real estate development and management firm that has been active since 1971. With a workforce of over 500 employees, Habitat specializes in property management, development, and investment services. The company has developed more than 17,000 residential units, showcasing its capability in handling a variety of projects, from luxury high-rises to affordable housing. Habitat is committed to creating sustainable communities and enhancing the quality of life for residents. Their focus on social responsibility is reflected in their partnerships with local government and community organizations, aiming to provide equitable housing solutions. Habitat's portfolio includes a range of properties, including market-rate, mixed-income, and affordable housing, demonstrating their comprehensive approach to real estate development. They actively pursue investments and acquisitions in several key markets, including Chicago and surrounding cities, further indicating their ongoing relevance in the industry.

2. Belgravia Group Ltd.

• Website: belgraviagroup.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1947
• Headcount: 11-50
• LinkedIn: belgravia-group

Belgravia Group Ltd. is a private real estate development firm based in Chicago, Illinois, with a history spanning over 75 years. Specializing in luxury residential properties, the company has developed a significant portfolio that includes condominiums and townhomes in prime locations. Their projects are primarily targeted at homebuyers seeking high-quality living spaces in urban settings. Belgravia Group not only focuses on development but also offers a range of services such as interior design and legal assistance related to real estate transactions. The firm has been recognized for its excellence in the industry, having received accolades like Developer of the Year from Chicago Agent Magazine for several consecutive years. With a commitment to quality and customer satisfaction, Belgravia Group continues to thrive in the competitive real estate market.

3. Crown Community Development

• Website: crowncommunities.com
• Ownership type: Family Owned
• Headquarters: Naperville, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1988
• Headcount: 11-50
• LinkedIn: crown-communites

Crown Community Development, based in Naperville, Illinois, is a family-owned real estate developer that specializes in both residential and commercial community projects. Since its inception in 1988, the company has focused on crafting neighborhoods that foster a sense of belonging and enhance the quality of life for residents and businesses alike. Their services include land acquisition, community planning, and architectural design, catering to the needs of homebuyers and businesses seeking well-designed spaces. Crown Community Development operates across various states, emphasizing a commitment to community engagement and environmental stewardship. Their portfolio includes a range of projects, from amenity-rich residential communities to thoughtfully designed commercial spaces, reflecting their dedication to creating environments that support long-term value and character.

4. Focus

• Website: workwithfocus.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 94%, United Arab Emirates 6%
• Founded year: 1993
• Headcount: 51-200
• LinkedIn: focus-chicago

Focus is a Chicago-based real estate developer and general contractor, founded in 1993. The company specializes in the development and construction of residential and commercial properties, utilizing an integrated delivery model that aligns both processes. This approach allows Focus to create spaces that not only meet market demands but also enhance community living. Their portfolio reflects a commitment to quality and innovation, with projects valued over $2.4 billion. Focus has successfully completed various developments, including luxury apartments and mixed-use spaces, and has expanded its services to include third-party general contracting, delivering contracts valued at over $520 million. Their projects, such as the Old Orchard Apartments and the upcoming 128 Southwest 7th in Miami, highlight their ability to navigate complex urban environments while prioritizing sustainability and community impact.

5. Magellan Development Group LLC

• Website: magellandevelopment.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1996
• Headcount: 51-200
• LinkedIn: magellan-development

Magellan Development Group LLC is a private real estate development firm based in Chicago, Illinois, specializing in residential and mixed-use projects. Since its inception in 1996, the company has successfully completed over 35 large-scale developments across major urban centers such as Austin, Boston, Chicago, Miami, Minneapolis, and Nashville. Their portfolio includes luxury residential units, hotels, and commercial spaces, showcasing their expertise in managing complex high-rise developments. Magellan is also recognized for its commitment to sustainable design, implementing environmentally friendly practices in their projects. The company actively engages in property management and construction management, ensuring that their developments not only meet market demands but also enhance community living standards. With a dedicated team of professionals, Magellan continues to innovate and adapt to the evolving needs of urban environments.

6. Fifield Companies

• Website: fifieldco.com
• Ownership type: Family Owned
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1977
• Headcount: 11-50
• LinkedIn: fifield-companies

Fifield Companies, based in Chicago, Illinois, is a family-owned real estate developer with a focus on urban residential and mixed-use projects. Founded in 1977, the company has built a reputation for creating high-quality living spaces that cater to modern lifestyles. With a portfolio that includes over 40 years of experience and more than $7 billion in developments, Fifield has successfully completed projects across major U.S. markets, including Los Angeles, Chicago, Dallas, and Washington, D.C. Their approach emphasizes functionality and aesthetics, ensuring that each project not only meets economic goals but also enhances the communities in which they are located. The company prides itself on its collaborative relationships with architects, contractors, and investors, which contribute to the successful execution of their developments. Their recent projects, such as Amara Wynwood and Arden Englewood, reflect a commitment to transit-oriented development and community engagement, further solidifying their position in the real estate development sector.

7. Golub & Company

• Website: golubandcompany.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1960
• Headcount: 51-200
• LinkedIn: golub-%26-company

Golub & Company is a Chicago-based real estate firm that has been active since 1960. The company specializes in the investment, development, and management of multifamily, commercial, and mixed-use properties. With a workforce of approximately 174 employees, Golub & Company is dedicated to creating quality environments for tenants, residents, and businesses. Their approach emphasizes community development and the reimagination of urban spaces, which is evident in their portfolio that includes notable projects like Tribune Tower and Century Tower in Chicago. The firm operates with a focus on vertical integration, managing all aspects of their projects from acquisition to leasing. Their commitment to fostering relationships and collaboration within their teams further enhances their operational effectiveness in the real estate market.

8. LG Group

• Website: lg-group.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 90%, India 5%, Egypt 3%, Other 3%
• Founded year: 2005
• Headcount: 51-200
• LinkedIn: lg-construction-development

LG Group, founded in 2005 and based in Chicago, Illinois, is a construction and real estate development firm specializing in luxury homes and multi-family residential projects. With a workforce of approximately 159 employees, the company has made significant strides in the industry, having developed over $2 billion worth of properties and delivered more than 2,000 residential units across multiple states. LG Group offers a comprehensive suite of services, including project management, design-build solutions, and consulting, catering to both real estate investors and individual clients. Their portfolio showcases a variety of projects, reflecting their commitment to quality and innovative design. The company operates with a focus on community engagement, ensuring that their developments contribute positively to the neighborhoods they inhabit.

9. Morningside Group of Companies

• Website: morningsideusa.com
• Ownership type: Corporate
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: November 2020
• Founded year: 1993
• Headcount: 51-200
• LinkedIn: morningside-equities-group

Morningside Group of Companies, based in Chicago, Illinois, is a real estate developer that specializes in both residential and commercial property development. Since its inception in 1993, the company has focused on creating high-quality living and working spaces in urban environments. Morningside's operations cover a wide spectrum, including planning, financing, design, construction, and property management. Their portfolio showcases a range of projects, from multi-family communities to retail centers and public transportation facilities. The firm prides itself on its ability to manage entire projects, ensuring that each development meets high standards of quality and sustainability. Morningside's commitment to enhancing community aesthetics and functionality is reflected in their work, which has garnered several awards over the years. Their recent activities, including ongoing construction projects and renovations, further demonstrate their active role in the real estate market.

10. Contry Homes

• Website: contryhomes.com
• Ownership type: Private
• Headquarters: Rockford, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1989
• Headcount: 1-10
• LinkedIn: contry-homes

Contry Homes is a home builder and real estate developer located in Rockford, Illinois. Established in 1989, the company specializes in constructing new homes and developing residential communities in Northern Illinois. With a focus on quality and customer satisfaction, Contry Homes offers a range of services, including financing options and assistance for clients looking to sell their existing homes. The company prides itself on providing a comprehensive package that addresses the needs of home buyers, ensuring that their investment is sound. Contry Homes has built a reputation in the local market, emphasizing quality workmanship and customer service throughout the home building process. Their portfolio includes various floor plans and community developments tailored to meet the needs of families in the area.

11. Focus

• Website: focusrealestate.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Founded year: 1993
• Headcount: 11-50
• LinkedIn: focus-development-inc-

Focus is a Chicago-based real estate developer and construction firm founded in 1993. The company operates at the intersection of development and construction, providing a comprehensive range of services that include project management, site selection, and design. Focus has built a reputation for delivering high-quality residential and commercial properties, with a portfolio valued at over $2.4 billion. Their projects span various types, from multifamily communities to mixed-use developments, reflecting their ability to adapt to market demands. Focus has also expanded its services to include third-party general contracting, successfully completing contracts valued at over $520 million. The company prides itself on its commitment to enhancing communities and creating environments that foster well-being. With a dedicated team of professionals, Focus continues to navigate the complexities of the real estate market while maintaining a focus on integrity and performance.

12. CEDARst Companies

• Website: cedarst.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2002
• Headcount: 51-200
• LinkedIn: cedar-street-companies

CEDARst Companies is a private real estate development firm based in Chicago, Illinois, specializing in multifamily housing. Established in 2002, the company has grown to manage a portfolio that includes over 7,000 units across various markets in the United States, with a total asset value of approximately $4 billion. CEDARst offers a comprehensive range of services, including development, construction, property management, and hospitality. They are recognized for their innovative approach, particularly in micro-unit developments, which address the growing demand for affordable and high-quality urban living spaces. The firm is committed to enhancing urban communities through thoughtful design and sustainable practices, including compliance with national green certifications. Their projects often incorporate adaptive reuse and historic restorations, reflecting a dedication to preserving the character of neighborhoods while meeting modern housing needs.

13. Marquette Companies

• Website: marquettecompanies.com
• Ownership type: Venture Capital
• Headquarters: Naperville, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $88.4M, March 2018
• Founded year: 1983
• Headcount: 201-500
• LinkedIn: marquette-companies

Marquette Companies is a real estate development and property management firm based in Naperville, Illinois. Established in 1983, the company specializes in multifamily housing, focusing on creating quality living spaces and managing residential properties across the United States. With a portfolio valued at over $3.3 billion, Marquette has developed more than 6,500 units and currently manages over 15,790 units across various markets. Their services include in-house development, property management, asset management, and value-add investing, catering to a range of clients from residents to institutional partners. The firm prides itself on its commitment to enhancing the quality of life for its residents while delivering strong returns for its investors. Marquette's leadership team brings decades of experience in real estate, ensuring a strategic approach to acquisitions and development. Their recent funding of $88.4 million in 2018 further supports their growth and operational capabilities.

14. Zsd

• Website: zsdcorp.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2017
• Headcount: 11-50
• LinkedIn: zsdcorp

ZSD Corp is a private real estate development company based in Chicago, Illinois, specializing in new construction housing. Established in 2017, ZSD manages projects from the ground up, overseeing every aspect from land acquisition and zoning to financing and project completion. The firm has successfully developed over $95 million in residential properties, showcasing its capability in urban development. ZSD's portfolio includes various projects across notable Chicago neighborhoods, such as Lincoln Park, River North, and Wicker Park, indicating a strong engagement with the local real estate market. Their services cater to both home buyers and investors, reflecting a comprehensive understanding of the residential property landscape.

15. Hometown America

• Website: hometownamerica.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1997
• Headcount: 201-500
• LinkedIn: hometown-america

Hometown America, founded in 1997 and based in Chicago, Illinois, is a private real estate company that specializes in the development and management of residential communities. With a workforce of approximately 305 employees, the company operates nearly 80 communities across 12 states in the U.S. Hometown America focuses on providing affordable homes for families and active adults aged 55 and over, emphasizing the importance of community and quality of life. Their approach includes professional community management and a variety of organized activities designed to foster connections among residents. The company is recognized for its integrity and commitment to enhancing the living experience of its residents, making homeownership attainable and enjoyable. Hometown America continues to grow through strategic acquisitions and development, positioning itself as a notable player in the real estate development industry.

16. Optima, Inc.

• Website: optima.inc
• Ownership type: Private
• Headquarters: Glencoe, Illinois, United States (USA)
• Employee distribution: United States (USA) 97%, Peru 3%
• Founded year: 1978
• Headcount: 51-200
• LinkedIn: optima-inc.-glencoe

Optima, Inc. is a private real estate development firm based in Glencoe, Illinois, with a focus on luxury residential communities. Since its inception in 1978, the company has been dedicated to designing, developing, and managing upscale living spaces that cater to discerning consumers. Optima's unique business model allows them to act as the owner, architect, developer, and general contractor, which facilitates a seamless integration of design and construction. This approach not only enhances the quality of their projects but also fosters innovation in their designs. With a portfolio that includes notable developments like Optima Signature and Optima Lakeview in Illinois, as well as Optima Kierland in Arizona, the company continues to expand its footprint. Their commitment to sustainable architecture and community engagement further underscores their role in shaping modern living environments.

17. The Prime Group, Inc

• Website: primegroupinc.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1982
• Headcount: 11-50
• LinkedIn: the-prime-group-inc

The Prime Group, Inc. is a Chicago-based real estate development firm that has been active since 1982. The company specializes in creating innovative residential, commercial, and hospitality spaces that enhance urban environments. With a team of experienced professionals, The Prime Group has developed a reputation for excellence in project execution and design. They have been instrumental in reshaping downtown Chicago through various transformative projects, including luxury high-rises and adaptive reuse of historic buildings. Their portfolio includes notable developments such as the Citadel Center and the JW Marriott Chicago. The firm emphasizes sustainability and cost-effective financing, ensuring that their projects not only meet market demands but also contribute positively to the community. Their ongoing projects, including the conversion of the former Conrad Hotel into a Residence Inn, reflect their commitment to revitalizing urban spaces and providing high-quality living and working environments.

18. Bond Companies

• Website: bondcompanies.com
• Ownership type: Corporate
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 76%, Bangladesh 24%
• Latest funding: May 2016
• Founded year: 1987
• Headcount: 11-50
• LinkedIn: bond-companies

Bond Companies, based in Chicago, Illinois, is a real estate development firm that has been active since 1987. The company specializes in creating sustainable and innovative projects across multifamily, office, retail, and mixed-use sectors. With a workforce of around 34 employees, Bond Companies operates offices in both Chicago and Los Angeles. They focus on fostering community through their developments, emphasizing the importance of creating spaces that enhance the quality of life for residents and businesses alike. The firm has a strong track record of awards, including recognition for their projects in various categories, showcasing their commitment to excellence in design and community impact. Their approach integrates new technologies and ideas, aiming to minimize environmental impact while maximizing community benefits. Bond Companies has also been involved in significant projects that have garnered national attention, further solidifying their position in the real estate development industry.

19. Shodeen Group

• Website: shodeen.com
• Ownership type: Family Owned
• Headquarters: Geneva, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1961
• Headcount: 51-200
• LinkedIn: shodeen-group

Shodeen Group, founded in 1961 by Kent Shodeen, is a family-owned real estate development firm based in Geneva, Illinois. The company specializes in both residential and commercial properties, primarily serving the Fox Valley region. Over the years, Shodeen Group has built a reputation for quality construction and community-focused development. They have successfully housed over 5,000 families and managed various commercial developments, including retail spaces and hospitality venues like the Herrington Inn & Spa. Their flagship project, Mill Creek, is a master-planned community that spans over 1,700 acres and has received multiple awards for its design and sustainability. The company remains actively involved in the local community, reflecting their commitment to enhancing the areas they develop.

20. Sterling Bay

• Website: sterlingbay.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1986
• Headcount: 51-200
• LinkedIn: sterling-bay

Sterling Bay is a Chicago-based real estate development firm that specializes in creating innovative spaces across various sectors, including office, residential, and life sciences. Established in 1986, the company has grown to employ around 167 professionals who are dedicated to enhancing urban environments. Sterling Bay is known for its design-driven approach, which has led to the successful transformation of areas like Chicago's Fulton Market into thriving hubs for technology and business. Their portfolio includes notable projects such as Lincoln Yards, a 53-acre mixed-use development, and 545wyn in Miami, showcasing their ability to deliver high-quality developments that reflect the character of their surroundings. The firm is also committed to sustainability, achieving LEED certification for its developments and implementing health and wellness features in its projects. Sterling Bay's philanthropic efforts through SB Cares further demonstrate their commitment to community engagement and social responsibility.

21. Farpoint Development

• Website: farpointdev.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2016
• Headcount: 11-50
• LinkedIn: farpoint-development-llc

Farpoint Development is a private real estate development firm based in Chicago, Illinois, founded in 2016. The company is dedicated to creating innovative and sustainable communities, with a focus on commercial, industrial, residential, and healthcare properties. Farpoint aims to address the needs of businesses, organizations, and individuals through thoughtful design and a commitment to community impact. Their projects are characterized by a focus on resilience and sustainability, ensuring that the developments will serve their communities well into the future. With a team that boasts over 100 years of combined experience in real estate and economic development, Farpoint has successfully completed projects valued at approximately $4.9 billion, covering a total of 9.3 million square feet. Their approach prioritizes relationships and collaboration, which they believe leads to stronger financial outcomes and community benefits.

22. McCaffery

• Website: mccafferyinc.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1991
• Headcount: 51-200
• LinkedIn: mccafferyinc

McCaffery Interests, Inc. is a private real estate development and property management firm based in Chicago, Illinois. Established in 1991, the company specializes in transforming urban spaces through a variety of services, including development, leasing, and investment management. With a workforce of approximately 153 employees, McCaffery has developed assets valued at around $3 billion and currently manages about 20 million square feet of properties. Their expertise spans multiple areas, such as construction and project management, commercial and multi-family property management, and investment and asset management. McCaffery is dedicated to promoting sustainable urban growth while enhancing the value of real estate assets for their clients. Their portfolio includes notable projects like Lincoln Common and The Terminal, reflecting their commitment to creating dynamic urban destinations. The company has also received several awards for excellence in design and tenant satisfaction, underscoring their reputation in the industry.

23. Cullinan Properties

• Website: cullinanproperties.com
• Ownership type: Private
• Headquarters: East Peoria, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1988
• Headcount: 51-200
• LinkedIn: cullinan-properties-ltd

Cullinan Properties, based in East Peoria, Illinois, is a private real estate development firm that specializes in commercial and mixed-use projects. Founded in 1988, the company has grown to employ between 51 and 200 people, focusing on property management, leasing, and investment management. Their portfolio includes a variety of asset types, such as healthcare facilities, retail spaces, and multifamily developments. Cullinan Properties is recognized for its commitment to sustainable development, which not only enhances local economies but also improves living environments. The firm actively engages with communities to ensure that their projects meet local needs and contribute positively to the area. Their approach includes transparent partnerships with municipalities and a dedication to philanthropy, as evidenced by their volunteer efforts and support for non-profit organizations. This community-centric philosophy, combined with their extensive experience, positions Cullinan Properties as a relevant player in the real estate development sector.

Real Estate Development Companies Insights: Key Companies in Illinois

Company	Headquarter	Size	Founded	Ownership
Habitat	Chicago, Illinois, United States (USA)	501-1000	1971	Corporate
Belgravia Group Ltd.	Chicago, Illinois, United States (USA)	11-50	1947	Private
Crown Community Development	Naperville, Illinois, United States (USA)	11-50	1988	Family Owned
Focus	Chicago, Illinois, United States (USA)	51-200	1993	Private
Magellan Development Group LLC	Chicago, Illinois, United States (USA)	51-200	1996	Private
Fifield Companies	Chicago, Illinois, United States (USA)	11-50	1977	Family Owned
Golub & Company	Chicago, Illinois, United States (USA)	51-200	1960	Private
LG Group	Chicago, Illinois, United States (USA)	51-200	2005	Private
Morningside Group of Companies	Chicago, Illinois, United States (USA)	51-200	1993	Corporate
Contry Homes	Rockford, Illinois, United States (USA)	1-10	1989	Private
Focus	Chicago, Illinois, United States (USA)	11-50	1993	Private
CEDARst Companies	Chicago, Illinois, United States (USA)	51-200	2002	Private
Marquette Companies	Naperville, Illinois, United States (USA)	201-500	1983	Venture Capital
Zsd	Chicago, Illinois, United States (USA)	11-50	2017	Private
Hometown America	Chicago, Illinois, United States (USA)	201-500	1997	Private
Optima, Inc.	Glencoe, Illinois, United States (USA)	51-200	1978	Private
The Prime Group, Inc	Chicago, Illinois, United States (USA)	11-50	1982	Private
Bond Companies	Chicago, Illinois, United States (USA)	11-50	1987	Corporate
Shodeen Group	Geneva, Illinois, United States (USA)	51-200	1961	Family Owned
Sterling Bay	Chicago, Illinois, United States (USA)	51-200	1986	Private
Farpoint Development	Chicago, Illinois, United States (USA)	11-50	2016	Private
McCaffery	Chicago, Illinois, United States (USA)	51-200	1991	Private
Cullinan Properties	East Peoria, Illinois, United States (USA)	51-200	1988	Private

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