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Industry Insights

Bisnow: ‘I Think It Can Change Lives’: How Skender’s Lisa Latronico Is Building A Diverse Construction Workforce

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Crain's Chicago Business: Q&A on Repositioning Downtown Buildings and Spaces

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Skender is more than a company, it’s a community. Doing good and giving back matters to us.

We proudly deliver exceptional work and do it with the utmost care for our teammates, partners, clients, neighborhoods and the environment. Meaningful change and positive impact have always been key to the Skender way. We recognize our responsibility and strive to build a legacy of integrity, make lasting contributions and forge valued relationships.

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Life at Skender

Chicago is a city well-known for its stunning architecture and historic downtown, but office utilization in these assets continues to lag post-pandemic.

Many owners of historic Loop properties are finding it difficult to compete for leasing with newer Class A office space built with modern amenities and a hybrid workforce in mind. Repositioning these older office buildings as residential and retail spaces is an impactful way to revitalize neighborhoods and create community, but it can be a complex and expensive process to execute.

At this week's Bisnow Repositioning and Conversions Summit, Skender's Jeff Reist discussed the challenges and opportunities developers, contractors and architects face during office building conversions. He joined fellow industry experts Jeffrey Breaden, George Sorich, Chris Boone, Doug Hayden and panel moderator Walid Matarieh.

Adaptive reuse in the Loop is never simple, from navigating strict policies about what can and cannot be changed on a landmarked property to securing public financing and keeping costs down. Reist points to Fulton Market as proof that, with collaboration and creative thinking, it can be done:
Chicago is a city well-known for its stunning architecture and historic downtown, but office utilization in these assets continues to lag post-pandemic. Many owners of historic Loop properties are finding it difficult to compete for leasing with newer Class A office space built with modern amenities and a hybrid workforce in mind. Repositioning these older office buildings as residential and retail spaces is an impactful way to revitalize neighborhoods and create community, but it can be a complex and expensive process to execute. At this week's Bisnow Repositioning and Conversions Summit, Skender's Jeff Reist discussed the challenges and opportunities developers, contractors and architects face during office building conversions. He joined fellow industry experts Jeffrey Breaden, George Sorich, Chris Boone, Doug Hayden and panel moderator Walid Matarieh. Adaptive reuse in the Loop is never simple, from navigating strict policies about what can and cannot be changed on a landmarked property to securing public financing and keeping costs down. Reist points to Fulton Market as proof that, with collaboration and creative thinking, it can be done: "If you were to have taken a walk in the West Loop a few decades ago, you would never have believed that area would be bustling with restaurants, bars, hotels, apartments and people — but 20 years later, here we are. I believe the same transformation is possible for the Loop. These projects are complicated but can be made much easier by starting early to develop a detailed plan that incorporates the thinking of all partners from the jump." #Repositioning #CommercialRealEstate #AdaptiveReuse #ChicagoLoopRepositoning #OfficeToResidential