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9th Annual Real Estate Challenge

Saturday, April 6 @ 12:30 pm - 7:00 pm

Standard Club, 320 S Plymouth Ct., Chicago, IL


Graduate Division Winner:

University of Illinois at Urbana-Champaign. Watch their live presentation HERE

Undergraduate Division Winner:

Marquette University. Watch their live presentation HERE.

Each team had exceptional presentations on the 154,00 square foot department store box, formerly occupied by Carson’s in Chicago Ridge, IL.

The Graduate Division team from University of Illinois at Urbana-Champaign was comprised of Art Konotopskiy, David E. Mischiu, Patrick Page, and Harsh Tiwari with Roger Cannaday, Sophie Sianis, and Alexei Tchistyi, as their advisers.

The Undergraduate Division team from Marquette University was comprised of Michael Healy, Patrick Fuller, Samuel Koziol, and Alexandra Lopez with Dan Cowell, and Andy Hunt as their advisers.


The Harold E. Eisenberg Foundation’s annual Real Estate Challenge matches teams from selected universities in a competition focusing on a high-profile development/redevelopment project in the Chicago Metropolitan area. Each team is assigned the same Case Site and provided the same essential information and/or assumptions about the Property. The students’ development plan must constitute a comprehensive analysis and conclusion of how to maximize the potential of the Property from both a quantitative (financial) and qualitative (feasibility) standpoint.


The 2019 Challenge subject site is an 11.7 acre site attached to the Chicago Ridge Mall (“Challenge Site”). The parcel currently contains a 154,000 square foot department store box, formerly occupied by Carson’s. The site is an enclosed single-level super regional center  located in a high-density trade area. Major roads include access to I-294 and US Highways 12/20. We are grateful to Starwood Retail Partners for their generous participation in this year’s Challenge.

Each team is an independent development company responding to the request for proposal (“RFP”) put forward by the Eisenberg Foundation Investment Group (“Investment Group”). Proposals should outline a plan that would redevelop the site into a catalytic real estate project, revitalize a key component of the Village’s commercial district, and provide satisfactory financial returns for the Investment. The Investment Group is looking for teams to submit proposals that are both realistic but also dynamic and transformative for the area.


Indiana University
University of Wisconsin- Madison
Marquette University
University of Illinois at Urbana–Champaign (Graduate)
University of Illinois at Urbana–Champaign (Undergraduate)
University of Notre Dame (Graduate)
University of Notre Dame (Undergraduate)
DePaul University (Graduate)


Get Directions to Standard Club »
The Harold E. Eisenberg Foundation
540 W. Frontage Rd., Suite 2210   Northfield, IL 60093
847-433-3050   info@eisenbergfoundation.org