Kenneth Motew, and Michael Obloy, principals of Chicago-based PEAK Development, LLC, are pleased to announce that the firm recently acquired a 4.57 acre site in Bolingbrook, Illinois. The site, which is situated in a park-like campus setting with high visibility from I-55 and access from Weber Road, will be the future home of an industrial office/warehouse condominium facility to be named Crossroads Corporate Center. PEAK Development, LLC plans to break ground for the facility in June, with an anticipated completion of first quarter 2008.

Crossroads Corporate Center will consist of a 71,904 square foot architectural precast building divisible to 3,500 square feet. Plumbing, heating and electrical systems will be available in each unit. The building will also feature 21' clear height, fire sprinkler system, one private drive-in door per unit, two common interior truck docks, one overhead door to common corridor for dock access and 135 parking stalls.

The building will be designed by Randall Bees Architects and constructed by Summit Design + Build, LLC. Corey B. Chase of Podolsky Northstar Corfac International is the exclusive marketing agent for the project. For more information, please visit www.CrossroadsCorporateCenter.com.

PEAK Development, LLC, is a privately held company that focuses on the construction and development of multi-unit residential, single family, and mixed-use properties. More information about, PEAK Development, LLC can be found by visiting their website at www.peak-development.biz or by calling (312) 229-4610.

Michael Obloy and Giles Flanagin, principals of PEAK Development, LLC, are pleased to announce that the firm was recently presented with three 2007 Key Awards, at the Home Builders Association of Greater Chicago's (HBAGC) 35th annual awards ceremony at the Renaissance Hotel in Schaumburg, Illinois, for 2246 North Burling, 2248 North Burling, and Waterloo Manor in Chicago, IL.

The HBAGC Key Awards recognizes exceptional work in the Chicago area home building industry. A panel of experienced volunteer judges voted on entrees in 12 main division categories and 102 different sub-categories including Land Planning, Architectural Design, Single-Family Homes, Multi-family Homes, Custom Homes for Sale, Remodeling/Conversion, Interior Merchandising and Clubhouse/Lobbies. Gold Keys were bestowed for first place, Silver Keys for second place and Bronze Keys for third place.

The 2248 North Burling project received a Gold Key Award. The ultimate challenge when developing this custom residence was to create a truly unique luxury home in a market that already had an oversupply of homes at the intended target price point. This 4,800 sq. ft. home was designed and constructed to house a family with older children. The entire 3rd floor was the made into the master suite, while the 2nd floor was arranged to accommodate 3 children with bedrooms, a library and reading room. An open kitchen and family room with custom built-in desks on the 1st floor lends itself well as a gathering place for the family’s everyday needs. A formal dining and living room are separated from the informal family room by a butler’s pantry with a wine cooler, dishwasher and custom hand-painted cabinetry. Additionally, the basement features a large media room, guest bedroom and bathroom, as well as, a private office. This uniquely designed home truly addresses the needs for every occasion and for every member of the family.

2246 North Burling and Waterloo Manor each received a Silver Key Award. 2246 North Burling was an existing, red brick 3-flat that was de-converted into a 7,000 square foot custom single family home with 7 bedrooms, 6.5 bathrooms, elevator, 4 car garage and the highest end finishes throughout. The existing home, which was over 100 years old, was in such poor condition that the entire structure was demolished down to the brick shell and 25% of the rear of building was demolished and rebuilt.

Construction services for all 3 projects were provided by PEAK Construction, LLC. Greg Landahl was the project architect for 2246 and 2248 North Burling. Space Architects + Planners was the project architect for Waterloo Manor.

PEAK Development, LLC, is a privately held company that focuses on the construction and development of multi-unit residential, single family, and mixed-use properties. More information about, PEAK Development, LLC can be found by visiting their website at www.peak-development.biz or by calling (312) 229-4610.

Groundbreaking ceremonies were held today for Alpha Baking Company's new regional distribution center at 501 Overland Drive in North Aurora, Illinois. The building will be situated in the Tollway Park of Commerce with easy access to I-88 at the Rt. 31 interchange. Summit Design + Build, LLC has been selected general contractor for the project.

Alpha Baking Company was formed in 1979 when it bought Mary Ann Baking Company in Chicago. Founded in 1935, Mary Ann was the originator of the "Chicago-style poppy seed hot dog bun" which Alpha continues to bake for not only the Chicago market, but also for those selling Chicago style hot dogs across the United States. In 1981, Alpha purchased the S. Rosen Baking Company, a Chicago staple of Jewish hearth rye bread and variety rolls since 1909. Through the years, Alpha has continued to grow through the acquisition of Kreamo Bakers in South Bend, Ind., and National Baking Company in Chicago. Alpha Baking Company currently sells its products under the S. Rosen, Mary Ann, Kreamo, Golden Hearth and Grain Waves Organic brand names.

According to Robert McGuire, Vice President Logistics, Alpha Baking Company, "The fresh and retail division of our business continues to grow rapidly and is the reason why we are going to vacate the spot we are located in right now. We are very excited to be moving into a state-of-the- art type facility which will allow us to better serve our fresh and retail business."

Ken Motew, Managing Partner of PEAK Development, LLC., stated that the new 19,055 sq. ft. facility will be constructed on a 3.5 acre site and will feature 1,845 sq. ft.of office, 17,210 sq. ft. of warehouse, 39 exterior docks, and 31 parking stalls. Summit Design + Build's, David Brown, project engineer and Erik Hauser, field superintendent will oversee the on-site construction of Alpha Baking Company. Architectural services are being provided by Harris Architects, Inc. The build-to-suit transaction on behalf of Alpha Baking Company was represented by Dennis Salinas, Marketing/Leasing Director of First Industrial Realty Trust. Completion is scheduled for second quarter 2008.

PEAK Development, LLC, is a privately held company that focuses on the construction and development of multi-unit residential, single family, and mixed-use properties. More information about, PEAK Development, LLC can be found by visiting their website at www.peak-development.biz or by calling (312) 229-4610.

Photo Caption:
Pictured at the groundbreaking are: (front row from left) Pat Harris, Harris Architects, Inc.; Rick Harris, Harris Architects, Inc.; Giles Flanagin, Partner, PEAK Development; Ken Motew, Managing Partner, PEAK Development; Nancy Kostos, Office Manager, Alpha Baking Company; Sue McLaughlin, Village Administrator, Village of North Aurora; Adam Miller, President, Summit Design + Build; David Brown, Project Engineer, Summit Design + Build; (back row from left) Mike Obloy, Partner, PEAK Development; Dennis Salinas, Marketing/Leasing Director, First Industrial Realty Trust; Robert McGuire, V.P. Logistics, Alpha Baking Company; Marc Zawicki, V.P. & CFO, Alpha Baking Company; Mike Zucker, Partner, PEAK Development; Joe Nemethy, Dir. of Retail Sales, Alpha Baking Company; Dan Sauter, Village Engineer, Village of North Aurora; and Erik Hauser, Superintendent Summit Design + Build.

Michael Zucker and Michael Obloy, partners of Chicago-based PEAK Development, LLC, are pleased to announce the recent acquisition of a 21 acre site in Bolingbrook, Illinois. The vacant parcel of land, which is situated at the southwest corner of Janes Avenue & Falcon Ridge Way, was purchased from Forest City Enterprises, Inc. earlier this year.

The newly acquired site is adjacent to several large scale and new retail developments such as IKEA, Bed, Bath & Beyond, Meijers and Staples. In April 2007, Forest City Enterprises, Inc. completed The Promenade Bolingbrook, a 1.1 million square foot open-air town center, which is anchored by Macy’s and Bass Pro Shops. The retail center also includes numerous specialty retailers and restaurants including Aeropostale, Ann Taylor Loft, Barnes & Noble, Hollister Co., Ted’s Montana Grill, Yankee Candle, Salad Creations and more. Forest City Enterprises, Inc. plans to begin site work for Phase II of the Promenade Bolingbrook this summer, which will include two hotels and a 600,000 square foot power center.

PEAK Development, LLC intends to develop their 21 acre parcel with Deerfield, IL-based Cobblestone Land Company and is currently working to develop partnerships that include an Assisted Living and Independent Living Community, Office Park and Medical Office facilities.

PEAK Development, LLC, is a privately held company that focuses on the development of multi-unit residential and mixed-use, as well as, office, commercial and industrial properties.

Kenneth Motew, and Michael Obloy, principals of Chicago-based PEAK Development, LLC, are pleased to announce that the firm recently acquired Clybourn Retail Center located at 2220-26 N. Clybourn in the north section of the Clybourn Corridor in Chicago's Lincoln Park neighborhood.

Clybourn Retail Center consists of 3 connected, but independent commercial parcels, and represents an opportunity for a wide variety of retail users to take advantage of a highly trafficked location. Since the site is comprised of 3 separate parcels, Clybourn Retail Center will offer the flexibility to combine, isolate or redevelop the separate parcels according to the needs to the tenant. This high visibility site features 75' of direct frontage on Clybourn Avenue, just north of Webster Avenue, and will feature up to 3 separate 2,000 square foot retail spaces available for lease.

2222-26 N. Clybourn, LLC is a development managed by Peak Development and Scott Maesel of Sperry Van Ness. 2220 and 2224 N. Clybourn are currently occupied and leased by Chicago Import Service, a local automotive repair facility. It is estimated that construction will commence on or before January 1, 2009, with substantial completion in July 2009. The partnership will seek a zoning change to accommodate a wide range of commercial and retail use on the site. Currently, the site is zoned for Manufacturing.

PEAK Development, LLC, is a privately held company that focuses on the development of multi-unit residential and mixed-use, as well as, office, commercial and industrial properties.

Kenneth Motew, managing partner of PEAK Development, LLC, is pleased to announce that the firm has leased 2,000 square feet of office space at Fulton Commerical Center, 1032 W. Fulton Market in Chicago, Illinois. Scott Wilson Design, a product and brand design firm, has signed a 3 year lease in the recently completed building which was developed by PEAK Development, LLC.

Scott Wilson, owner of Scott Wilson Design, is the designer behind Swingline staplers, Nike's Presto Digital Bracelet, Nike's Oregon Series Watches, iBelieve, Ooba – a new line of modern children's furniture, and MNML – an alias through which he has created seating for the Seattle Central Library. Wilson most recently has been made design director of Motorla's MobileME + Wearables group in Chicago where he will be working to integrate Bluetooth and other mobile technologies into Oakley sunglasses or Burton snowboarding jackets for example.

According to Motew, the 2,000 square feet of second floor space was built-out to accommodate Scott Wilson Design's specific needs and included a loft-style, open floor plan, 11' ceilings with exposed wood timbers, individual heating/cooling and high-end finishes throughout. Summit Design + Build, LLC. was the general contractor for the project. Architectural services were provided by Michael Semenzin of MRSA Architects and Planners. Steve Graff of @properties represented Scott Wilson Design in the transaction.

PEAK Development, LLC, is a privately held company that focuses on the development of multi-unit residential and mixed-use, as well as, office, commercial and industrial properties.

Kenneth Motew, managing partner of PEAK Development, LLC, is pleased to announce the firm’s completion of Wolcott Flats, a complete structural renovation and conversion of two existing 3-story apartment buildings into two buildings of 18 condominium units each with a total square footage of 30,000 square feet located at 1901 W. Newport and 1849 W. Cornelia in Chicago, Illinois.

According to Motew, the extensive reconstruction of the two classic neighborhood buildings has resulted in modern 1 & 2 bedroom condominium units featuring unique, quality finishes boasting modern kitchens with Italian cabinetry, granite countertops, built-in workstation/tech center, stainless steel appliances and Kohler fixtures. Hardwood floors, track lighting, ceiling fans, designer millwork and hardware can be found throughout. iPod dock stations, stereo surround speakers and wiring, and private decks are also included. Wolcott Flats is situated in Chicago's premier Roscoe Village neighborhood, known for its eclectic, independent-minded boutiques, antique shops and restaurants with a downtown area reminiscent of a quaint small town.

Summit Design + Build, LLC. was the general contractor for the project. Architectural services were provided by Funke Architects. Patrick Ryan, Stuart Schwartz and Annie Bauer of @properties are marketing the project. More information about Wolcott Flats can be found by visiting their website at www.wolcottflats.com.

PEAK Development, LLC, is a privately held company that focuses on the development of multi-unit residential and mixed-use, as well as, office, commercial and industrial properties.

Kenneth Motew, managing partner of Chicago-based PEAK Development, LLC, is pleased to announce that Giles Flanagin, partner, has recently become a LEED® Accredited Professional, representing the firm's commitment to finding better ways to develop and build while preserving our planet.

The U.S. Green Building Council (USGBC) is the nation's foremost coalition of professionals working to promote buildings that are environmentally responsible, profitable and healthy places to live and work. The USGBC has set up a building environmental rating system called Leadership in Energy and Environments Design, or LEED. A LEED Accredited Professional (LEED AP) is an individual who has passed the exam and possesses the knowledge and skills necessary to participate in the design process, to support and encourage integrated design, and to streamline the application and certification process.

According to Motew, "Mr. Flanagin's recent accreditation only reiterates our firm's strong commitment to the principles of green building and sustainable design. We are very excited to be active participant in what we believe will become a universally adopted method of design and construction and hope to further expand our experience and leadership in this growing field."

PEAK Development, LLC, is a privately held company that focuses on the development of multi-unit residential and mixed-use, as well as, office, commercial and industrial properties.

Ken Motew and Michael Zucker, principals of PEAK Development, LLC, are pleased to announce that Converge Condominiums was honored with a Good Neighbor Award in the category or Mixed-Use Renovation at the Chicago Association of Realtors® 16th annual Good Neighbor Awards on May 21, 2008.

The Good Neighbor Awards encourage rehabilitation and advancement in neighborhoods located throughout the Chicago metropolitan area by showcasing ground-breaking rehab properties and new developments. The awards also recognize efforts to salvage historical properties, rescue architecturally significant buildings from the wrecking ball, and tackle stigmatized properties. Exceptional properties are nominated by real estate, construction, and development professionals as well as a number of public officials, such as City Aldermen. The nominations are evaluated by a committee of REALTORS® and industry peers, and the finest properties are selected.

"The properties recognized exemplify the spirit of the city of Chicago," said Michael Golden, President of the Chicago Association of REALTORS® and founder of @properties. "Thanks to our winning Good Neighbors, Chicago is a better place to live, work, and play."

Converge Condominiums is located at 744 W. Fullerton, on a site formerly occupied by the old Parkway Tavern, situated in Chicago's desirable east Lincoln Park neighborhood. After closing its doors in 2005, the Parkway Tavern was left vacant and dilapidated, hindering the aesthetics of the surrounding community which is known for its exceptional architecture and gardens. PEAK Development, LLC purchased the vacant property and with the help of the project architect, Hartshorne Plunkard Architecture, and general contractor, Summit Design + Build, LLC, developed a sleek and modern, glass and brick 30, 484 sq. ft., 5-story, 16-unit condominium building. Today, Converge Condominiums features approximately 2,200 sq. ft. of commercial space on the ground floor, an indoor heated parking garage and four floors of luxury 2 bedroom/2 bathroom residences. PEAK's approach to this project was simple; to create a residential community with modern function and elegant style while making a striking addition to one of the city's most beautiful neighborhoods.

PEAK Development, LLC, is a privately held company that focuses on the development of multi-unit residential and mixed-use, as well as, office, commercial and industrial properties. We offer expert capabilities in the acquisition, development, repositioning, renovation, stabilization or construction of a property. For more information about, Converge Condominiums or PEAK Development, LLC please contact Michael Obloy at (312) 229-4610.

For more information on the Chicago Association of REALTORS® or the Good Neighbor Awards, please contact Brett McKenzie at bmckenzie@chicagorealtor.com. For photos from the event, please visit www.ChicagoREALTOR.com.

Michael Obloy and Giles Flanagin, principals of PEAK Development, LLC, are pleased to announce that the firm was selected development manager for Thomas Flats Apartments located at 2324 W. Thomas Street in Chicago, Illinois. Plans include the complete renovation and reposition of an existing apartment building situated in Chicago's Ukrainian Village.

According to Obloy, this appointment represents the firm's recent expansion of services to include development management/owner's representation in the residential and commercial real estate markets. PEAK Development, LLC now offers services including land acquisition coordination, historical nomination coordination on both city and national levels, tax credit coordination, zoning relief coordination, contract administration, construction loan consulting and administration, complete design and permit administration, construction management and owner's representation , as well as, leasing and property management.

"The expansion of services presents an opportunity for PEAK Development to manage the development process for its clients and help facilitate the day-to-day operations," said Obloy. "We feel there is a strong need for these services in the marketplace and continue to seek additional opportunities in this niche market for 2008."

PEAK Development, LLC, is a privately held company that focuses on the development of multi-unit residential and mixed-use, as well as, office, commercial and industrial properties. We offer expert capabilities in the acquisition, development, repositioning, renovation, stabilization or construction of a property. For more information about, Thomas Flats Apartments or PEAK Development, LLC please contact Michael Obloy at (312) 229-4610.