A Wealth of Experience
Richard Stein
Richard Stein
Richard Stein (Richie) is a nationally recognized and awarded real estate developer with 60 years of experience in development of corporate offices, laboratories, apartments, condominiums, including large mixed-use land development. During his career, Richie has been involved in over six million sq.ft. of office development and more than $2.5 billion of condominium sales, and or, conversions, and 17,000 residential units.
Currently he is principal in the development and revitalization of Union Square located in Somerville Massachusetts less than 1.5 miles from Harvard and MIT campuses and on the latest “T” extension, 11 minutes to downtown Boston. Recognized with a Lifetime Achievement Award from the Urban land Institute, a few of Richie’s particular achievements are the $600 million University Village mixed-use development in Chicago, containing 1100 residential units and 75,000 ft.² of retail space, the 1,700,000 ft.² AT&T corporate Center/USG building; the 1,200,000 ft.² skyscraper at 353 N. Clark St.; two McCormick Place expansions valued at $1.8 billion and major additions to the Chicago Board of Trade. Stein also completed mixed-use large scale land developments in Orlando, Florida., Glenview, Il., and Highland Park Il., on Department of Defense surplus property. Richie has worked with many Fortune 500 companies, city governments and institutions, serving in various capacities from consulting to design/build. He is known in the industry for his integrity, reliability, and affability. He has complemented his business career with community service, serving on many civic boards and charities, among them, the Anti-Defamation League, the Chicago Urban League, Black Contractors United, Lambs Farm in Libertyville, IL, American Jewish Committee, the Ravinia Festival Association (Life Trustee), and a Board Member of the LaSalle Bank Board for 18 years. His advocacy of economic opportunities for persons of color and minority business has won wide recognition including a Presidential Citation for “Women in Construction”. A graduate of Cornell University, Richie has served as 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.
Greg Karczewski
Greg Karczewski, President of RAS Development LLC, has worked with Stein for 25 years as a trusted colleague, partner, and friend. Greg has over 30 years of experience in the real estate industry as a developer, consultant and educator. His life’s work has been devoted to urban real estate investment and development and its crucial role in the creation and flourishing of great cities.
Greg is president and CEO of Union Square Station Associates (USQ) located in Somerville, Massachusetts. USQ is the City of Somerville’s master developer partner for the state-approved Union Square Revitalization Project. The $2B+ project encompasses over 15 acres and 2.3 million square feet of transit-oriented mixed-use development adjacent to the Union Square MBTA Green Line Station. Greg and USQ have collaborated with the City and community to bring to fruition a vital and viable redevelopment plan that fulfills the community objectives as laid out in Somerville’s long-term SomerVision.
For more info, visit: discoverusq.com.
Greg Karczewski
In previous roles with Hines Development and Mesirow Financial, Greg’s responsibilities included project sourcing, underwriting, planning, financing, and executing large-scale mixed-use, opportunistic investments. He also has 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 served as an adjunct professor at Notre Dame where he developed and taught a real estate course that he developed for undergraduates and MBAs. He earned an MBA from Northwestern’s Kellogg and a BS in Civil Engineering from Notre Dame. Greg resides with his wife and 3 children in the Boston suburbs.
Partial List of Chicago Area Projects
