Richard Stein (Richie) is a national real estate developer with fifty years of experience in the development of corporate offices, large mixed-use land developments, apartments, and condominiums.
During his career, Richie has been involved in over 6 million square feet of office development, more than $2.5 billion of condominium sales and conversions, and 17,000 residential units.
Among his achievements are the recently completed $500 million University Village mixed-use development in Chicago, the 1.7 million square foot AT&T Corporate Center/USG Building, the 1.2 million square foot skyscraper at 353 North Clark Street, two McCormick Place expansions valued at $1.8 billion, and major additions to The Chicago Board of Trade. Through acquisition from the Department Of Defense via Base Realignment and Closure (BRAC) legislation, Stein completed mixed-use large scale land developments in Orlando, Fl., Glenview, Il., and Highland Park, Il.
Richie has worked with many Fortune 500 companies, city governments and institutions, serving in various capacities from consulting to design/build. He is know in the industry for his integrity, reliability and affability.
He has complemented his business career with community service, having served on a number of civic boards, communities and charities; among them are the Anti-Defamation League, the Chicago Urban League, Lambs Farm, the American Jewish Committee and the Ravinia Festival Association. His advocacy of economic opportunities for minorities, women and community-based businesses has won numerous honors, including a Presidential Citation.
A graduate of Cornell University, Richie is an advisory board member at Northwestern University's J.L. Kellogg Graduate School of Management Center for Real Estate Research, and Roosevelt University's Marshall Bennett Institute of Real Estate. In 2003, Stein was the recipient of the Urban Land Institute (ULI) Lifetime Achievement Award.
Currently he is engaged in the revitalization of Union Square, Somerville, Massachusetts, located less than two miles of both Harvard and MIT campuses. The project will contain over two million feet of mixed-used development. This Transit-Oriented Development (TOD) has been stimulated by the expansion of the light rail system in Boston being extended to Union Square. Richie serves as Co-Chairman and Co-CEO of the US2 development team.
For a representative sample of Richie's projects in development of Office, Residential, Assembly, Sports and
Institutional, hit on "Projects" at top of the site.
Greg Karczewski, President at US2 and a partner with Stein in RAS Development LLC. Greg has worked with Stein for 15 years as a trusted colleague and partner. Greg has over 20 years of experience in the real estate industry as a developer, consultant and educator. He is passionate about urban real estate investment and development and its crucial role in the creation of great cities.
He currently serves as President of Union Square Station Associates (US2) located in Somerville, Massachusetts. US2 is the City of Somerville's master developer partner for the state-approved Union Square Revitalization Project. That project includes over 15 acres and 2.3 million square feet of transit-oriented mixed-use development near the future Union Square MBTA Green Line Station. US2 is collaborating with the community to create a vital and viable redevelopment plan for Union Square that realizes the community objectives as laid out in Somerville's long-term plan, SomerVision. For more info, visit: www.unionsquarestationassociates.com or http://www.somervillebydesign.com .
In previous roles with Mesirow Financial and Hines, Greg's responsibilities included deal sourcing, underwriting, planning, financing and executing large-scale mixed-use, office and residential opportunistic investments. He also has demonstrated expertise in management of cross-functional teams, strategic planning, analysis, and investor relations. Greg's perspective is shaped, in part, by a Fellowship at World Business Chicago that focused on tackling economic development challenges.
Greg also served as an adjunct professor at Notre Dame where he taught a real estate course that he developed to undergraduates and MBAs. He earned a MBA from Kellogg and a BS in Civil Engineering from Notre Dame.