The firm partners with vertically integrated operators who source, entitle, design, build, and manage each project end-to-end. This structure compresses cost and timeline while keeping execution in the hands of developers with deep local knowledge of Chicago's zoning bodies, community groups, and trades.
Buildings range from three-unit mixed-use developments to twenty-five-unit residential properties. Every unit is delivered with high-quality finishes and thoughtfully considered layouts designed for comfortable urban living.
5250–58 N Broadway
A historic mixed-use redevelopment at 5250–58 N Broadway in Chicago's Edgewater neighborhood, acquired by Davis on Broadway LLC in December 2025 — of which Red Sea Ventures is a general partner. Developed by Esteep with DiCosola Construction Management as general contractor. The property sits steps from the recently reopened Berwyn Red Line station, with walkable access to the lakefront, grocers, restaurants, and parks. Built in 1919, the building features a classic masonry façade and architectural detailing characteristic of early 20th-century Chicago construction. The ground-floor retail is nearly fully leased, while the second and third floors — long underutilized — are being fully gutted and reconstructed to deliver fourteen residential units: four three-bedroom, two-bath apartments and ten two-bedroom, two-bath apartments. Delivery is anticipated for March 2027.
1950–56 N Milwaukee
A mixed-use redevelopment located at the high-traffic intersection of Armitage, Milwaukee, and Western in Bucktown — a corner offering exceptional visibility within one of Chicago's most rapidly developing neighborhoods. The property was acquired by AMW Opportunistic LLC in 2025, of which Red Sea Ventures is a general partner; Esteep leads development with ETI as general contractor. The ground floor is well-maintained and fully leased to two long-term commercial tenants, while the upper residential floors — vacant and in disrepair for over two decades — are being fully gutted and reconstructed to deliver four four-bedroom, three-bath units. Delivery is anticipated for August 2026.
516 W Arlington
8-story building delivered as-of-right under favorable zoning. Fourteen 4BR/3BA units, fourteen garage spaces, and a common roof deck with panoramic lake and city views. All units leased before construction completion.
2500 N Halsted
Two-lot assemblage at 800–802 W Altgeld. A two-year rezoning effort yielded an 11-unit, 4-story mixed-use building (down from an initial 14-unit, 5-story plan) acceptable to the community and Alderman.
2247 W Lawrence
Former Wintrust processing center redeveloped into a 24-unit mixed-use rental building after a B3-2 to B2-3 zoning change. Original plan to retain the existing structure was scrapped after the basement level was found to fail FAR exemption depth. 18-month construction beginning December 2017.
2512 N Halsted
Vacant Lincoln Park lot developed into three 5BR/3BA units with ground-floor retail. Residential and commercial both leased ahead of completion at rents above proforma. Built April–September 2019.
713 N Milwaukee
Acquired with a zoning contingency; secured a C1-3 to B2-5 change to deliver twenty-five residential units, ground-floor commercial, and ten parking spaces. The building was placed under contract mid-construction with closing aligned to delivery.
2521 N Halsted
Three 4BR/3BA residential units with ground-floor commercial space and three rear parking pads. Construction was completed in eight months, with all residential units leased prior to delivery. The commercial space served as the firm's office through 2023, after which it was leased to an events company. The building was sold in June 2024.
4027 N Broadway
Demoed a single-story Ace Hardware site to deliver a 6-story TOD building with twenty residential units and ground-floor retail. The TOD parameters allowed a 50% parking reduction, opening room for a larger commercial space. The residential units were fully leased before construction completion. Total construction duration was completed on time, within the 16-month projection.
1045 W Cornelia
Replaced a single-family home on a 9,500 SF lot with a 16-unit residential building after securing an RM-5 zoning change. Worked closely with the Alderman and community to land at sixteen units (matched to parking spaces) with larger bedroom counts. Construction completed two months ahead of schedule.
Other completed projects
Smaller-scale developments delivered alongside the featured portfolio above.
The firm also invests in fully managed industrial real estate — long-duration, single-tenant assets selected for credit quality, lease term, and strategic location. These investments are managed end-to-end by operating partners, providing stable yield alongside the active development work in multifamily and mixed-use.
5757 W 59th Street
A 24,000 SF food-grade, temperature-controlled warehouse known as Midway Commissary, set on a 0.86-acre parcel with 50+ parking spaces and 12'–26' clear ceiling heights throughout. The property was acquired by Midway Commissary LLC in November 2021, of which Red Sea Ventures is a general partner; the asset is managed by Esteep. The single-tenant facility serves as a commissary kitchen and refrigerated and frozen goods storage operation supporting Chicago's Midway International Airport. The building is 100% leased to SSP America through June 2032.