Artificial Intelligence
Builders Company
Developers/JDL Development
JD
JDL DevelopmentChicago, United States · founded 1993 · 1 active markets
PRIVATE

JDL Development creates luxury residential and mixed-use communities in Chicago, with expansion into South Florida. Its projects combine condominiums, rental apartments, retail, hospitality, public realm and open space for affluent buyers, renters, residents, visitors and local businesses and urban neighborhoods.

Years in business
33
founded 1993
LinkedIn headcount
27
employees, as shown on LinkedIn · size band 11–50
Units delivered
3,500+
as the company states it
Projects last researched October 11, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
JDL Development Corp.1
Headquarters
14 West Superior Street, Suite 2001, Chicago1, United States
Founded
19931
Entity type
PRIVATE1
Business model
offplan for sale1, build to rent1, commercial1, mixed use1, masterplan1
Markets
1 market listed
What they build
Residential, for rent (6 of 7) · Retail (5 of 7) · Mixed use (5 of 7)
Full dossier in About →

Delivery record

6 date-assessed of 7 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
7
within the rolling ten-year window
Median delay
+4.0 mo
the middle of 6 scored projects
Average delay
+7.2 mo
the same projects, pulled by the worst
Average time to deliver
3.9 yrs
start to completion, over 5 delivered projects
Worst slip
+23.5 mo
No 9 Walton · +17.0 to +30.0
3
early or less than 6 months late
6 to 12 months late
2
yellow rows below
Over 12 months late
1
red rows below

Against other developers

6 date-assessed here · 245 developers, 916 date-assessed projects in United States
Median delay
JDL Development·245 developers in United States
+4.0 mo vs +4.5 mo
this developer 0.5 mo better
The typical project on each side.
Average delay
JDL Development·245 developers in United States
+7.2 mo vs +7.5 mo
this developer 0.3 mo better
Both pulled by their worst few.
On time
JDL Development·245 developers in United States
50% vs 55%
this developer 5 pts worse
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
JDL Development·245 developers in United States
3.9 yrs vs 2.9 yrs
this developer 1.0 yrs slower
Start to completion, over 5 delivered here and 756 in the market.
Projects and timelines in Track Record →

Resident experience

5 of 7 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
8.0/ 10
Weighted judgment across build and operations · from 5 of 5 rated buildings
Structure & systems
7.1/ 10
Fabric, services, waterproofing, envelope · from 5 of 5 rated buildings
Management & living
7.6/ 10
Upkeep, response times, amenities, community · from 5 of 5 rated buildings

Against other developers

5 rated here · 265 developers, 1365 rated buildings in United States
Overall rating
JDL Development · 265 other developers in United States
8.0 vs 7.8
this developer 0.2 better
The weighted verdict on each side. From 5 of 5 rated buildings here and 1365 in the market.
Structure & systems
JDL Development · 265 other developers in United States
7.1 vs 6.9
this developer 0.2 better
Fabric and engineering only — fixed at handover. From 5 of 5 rated buildings here and 573 in the market.
Management & living
JDL Development · 265 other developers in United States
7.6 vs 7.4
this developer 0.2 better
Upkeep and response — belongs to whoever runs the building now. From 5 of 5 rated buildings here and 1312 in the market.
The market here is United States: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.
Ratings by building →

Awards & recognition

All awards →

Risks & source coverage

  • FINANCIAL DISTRESS December 16, 2002 (reporting the summer 2002 settlement) In a matter involving JDL principal James Letchinger, First Bank & Trust Co. of Illinois threatened foreclosure on nearly $35 million in overdue construction loans; the matter was settled in summer 2002, according to the report, so the source documents a threatened foreclosure rather than a completed foreclosure.
  • FINANCIAL DISTRESS 2017 abandonment; subsequent foreclosure-related transfer reported September 2024 At 2 West Delaware Place in Chicago, JDL Development—backed by Angelo Gordon and Harlem Irving—abandoned its 2016 plan to renovate and resell the acquired condominium units after only nine renovated units sold, switching the units to rentals; the building later entered a 2024 deed-in-lieu-of-foreclosure transfer involving a subsequent owner, not a finding that JDL itself was foreclosed on.
  • PROJECT CANCELLED Construction stopped and foreclosure reported as occurring in 2009; completion as rentals reported April 5, 2018 The Mercer in Las Vegas was an older JDL Development/Modern Living Holdings condominium project whose construction stopped and lender foreclosure followed in 2009; later ownership restarted and completed it as a rental complex, so this is unresolved historical failure evidence rather than a current stalled JDL project.
  • 1 more in Risk & Sources
Record status
active
Company sources
108 source entries across 108 fields
Projects tracked
7 · 7 completed in assessment
All flags and sources →

Track Record

Delivery record

6 date-assessed of 7 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
7
within the rolling ten-year window
Median delay
+4.0 mo
the middle of 6 scored projects
Average delay
+7.2 mo
the same projects, pulled by the worst
Average time to deliver
3.9 yrs
start to completion, over 5 delivered projects
Worst slip
+23.5 mo
No 9 Walton · +17.0 to +30.0
3
early or less than 6 months late
6 to 12 months late
2
yellow rows below
Over 12 months late
1
red rows below

Against other developers

6 date-assessed here · 245 developers, 916 date-assessed projects in United States
Median delay
JDL Development·245 developers in United States
+4.0 mo vs +4.5 mo
this developer 0.5 mo better
The typical project on each side.
Average delay
JDL Development·245 developers in United States
+7.2 mo vs +7.5 mo
this developer 0.3 mo better
Both pulled by their worst few.
On time
JDL Development·245 developers in United States
50% vs 55%
this developer 5 pts worse
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
JDL Development·245 developers in United States
3.9 yrs vs 2.9 yrs
this developer 1.0 yrs slower
Start to completion, over 5 delivered here and 756 in the market.
The market here is United States: every other developer whose head office is in the same country, because planning regimes and reporting norms move together within one. It is not a city, a sector or a size band. Read the two delay figures together. A median close to the market with a much better average means no single disaster; the reverse means one project is carrying the record. Time to deliver runs from the earliest start we hold to the completion itself — a construction start where a source gave one, otherwise a sales launch, otherwise the launch year read as its January. A handover the sources place only inside a year is read as that December, so a duration is the widest the record allows rather than the flattering end of it. Only delivered projects dated at both ends count, so it is taken over fewer projects than the delay figures, and a long build is not a fault: a tower is not a villa run. Sourced figures only, both sides, and values taken from documents held on file are excluded here — a developer who shares their records should not score better than one who does not.

Construction start to handover

7 of 7 projects dated · 2 places
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
Chicago, United States
Chicago
2015201620172018201920202021202220232024202520262027todayCHICAGO, UNITED STATESon timeverified+12 moverified+23.5 moverifiedon timeverifiedCHICAGOcompleted, no target published+8 moverified−0.5 moverified
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures. 1 turned out to be about something else — a phase, a neighbour, the wider masterplan — and is marked off-subject.

Building & Livability Ratings

Resident experience

5 of 7 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
8.0/ 10
Weighted judgment across build and operations · from 5 of 5 rated buildings
Structure & systems
7.1/ 10
Fabric, services, waterproofing, envelope · from 5 of 5 rated buildings
Management & living
7.6/ 10
Upkeep, response times, amenities, community · from 5 of 5 rated buildings

Against other developers

5 rated here · 265 developers, 1365 rated buildings in United States
Overall rating
JDL Development · 265 other developers in United States
8.0 vs 7.8
this developer 0.2 better
The weighted verdict on each side. From 5 of 5 rated buildings here and 1365 in the market.
Structure & systems
JDL Development · 265 other developers in United States
7.1 vs 6.9
this developer 0.2 better
Fabric and engineering only — fixed at handover. From 5 of 5 rated buildings here and 573 in the market.
Management & living
JDL Development · 265 other developers in United States
7.6 vs 7.4
this developer 0.2 better
Upkeep and response — belongs to whoever runs the building now. From 5 of 5 rated buildings here and 1312 in the market.
The market here is United States: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.

By building

5 rated · 2 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
920 North WellsNear North Side, Chicago238 units
9.6/ 10
8.9/ 10
9.7/ 10

The largest independently presented review aggregate is 4.7/5 from 30 resident reviews, converted to 9.1/10 and used as the anchor. Strong repeated praise for staff, maintenance, cleanliness and community supports a modest upward commentary adjustment, while the single persistent aluminum-noise report and isolated HVAC complaint keep structure below the living score. Confidence is tempered because the newest evidence is concentrated in resident-platform pages and some review sources are syndicated.

+ High-quality unit finishes+ Thick windows reported to reduce nighttime noise+ Building described as new and nicely maintained
− Persistent aluminum-panel creaking/popping− HVAC improvement reported
+ Responsive management+ Friendly concierge and front-desk staff+ Fast maintenance response+ Clean, well-kept amenities+ Safe and welcoming community
− One report of property-management communication going in circles

Most physical comments are favorable: residents describe the building as “new and nicely maintained,” and one review says the “finishes in the units are very high-quality” with thick windows making it “silent at night.” The principal negative is a February 2026 report that aluminum-panel noises woke the resident daily for more than six months; a separate July 2024 review said the HVAC still needed improvement.

Daily-life feedback is strongly positive: residents call the staff “professional, friendly, & genuinely caring,” say maintenance responds quickly, and describe amenities as clean and well maintained. There is limited contrary feedback: one 2026 review said reaching the property manager felt like “going in circles,” and the separate structural-noise complaint says the resident would not recommend the building for light sleepers.

One ChicagoRiver North, Chicago812 units
9.4/ 10
7.3/ 10
Wheree 9.2/10, 9/10 · no review count · one-chicago.wheree.com
Combined from 2 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.3.
7.3/ 10
Wheree 9.5/10, 9/10, 9.4/10, 9.3/10, 8.5/10 · no review count · one-chicago.wheree.com
Combined from 5 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.3.

Google Reviews/Maps provides the largest stated review base and anchors the score at 4.7/5, converted to 9.1/10 under the requested curve. The written excerpts are uniformly positive, with repeated praise for service, amenities and upkeep, so commentary raises the overall resident-experience score modestly; the structural score reflects the positive maintenance and construction-quality evidence but remains separate from the living score.

+ Modern, well-maintained building+ High construction-quality rating+ State-of-the-art architecture+ High-quality finishes+ Responsive issue handling
+ Attentive staff+ Responsive management+ Extensive amenities+ Strong concierge and valet service+ Friendly resident community

The available review evidence is strongly positive on physical condition: a resident described One Chicago as “modern and well-maintained,” while another said it was “meticulously maintained” and that issues were addressed immediately. Wheree publishes 9.2/10 for design and architecture and 9/10 for construction quality; no review-based reports of leaks, flooding, HVAC, plumbing or lift failures were found.

Published reviews describe staff as going “above and beyond,” with specific praise for valet, front-desk and concierge service; one resident called the service “incredible.” Review excerpts also praise Life Time fitness, the pool, outdoor spaces, Whole Foods access and resident events, while Wheree lists 9.5/10 for amenities and facilities, 9.4/10 for living environment and 9/10 for security and safety.

868 North WellsNear North Side, Chicago411 units
8.2/ 10
7.5/ 10
RentCafe 4.5/5 · 7 reviews · rentcafe.com
RentCafe publishes 4.5/5 from 7 reviews. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 7.5.
7.5/ 10
RentCafe 5/5, 4/5 · 7 reviews · rentcafe.com
Combined from 2 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.5.

Google’s 4.3/5 from 51 building reviews is the largest qualifying review base and sets the level; on the specified conversion curve it corresponds to approximately 7.9/10. Apartments.com independently reports the same 4.3/5 level from 24 renter reviews, while RentCafe is more favorable but has only seven reviews. The written feedback supports strong living operations and amenities, with recurring acoustic and parking limitations but no severe failure.

+ Well-maintained building+ Clean common areas+ Fast elevators+ High-quality appliances+ Responsive maintenance
− Thin walls− Thin front doors− Neighbor noise− HVAC noise− Tight garage spaces
+ Responsive staff+ Friendly concierge+ Clean common areas+ Strong amenity package+ Good security
− Small workout facility− Limited guest parking− Tight resident parking− Peak-time amenity crowding− Price/value concerns

Residents generally describe the building as new, clean and well maintained, with one reviewer saying maintenance requests were handled quickly and another praising the “high quality, high tech appliances.” The main physical-system concerns are acoustic: “the walls are very thin,” the front doors transmit hallway noise, and a resident said the non-centralized heating and air-conditioning can be loud at night; no serious structural failure was reported.

Day-to-day reviews are strongly favorable: residents call the staff “super responsive, friendly” and describe the amenities and common areas as excellent and spotless. The main reservations are practical rather than severe—hearing neighbors, a gym that can feel too small, parking limitations and occasional peak-time crowding.

Eight Eleven UptownUptown, Chicago381 units
6.9/ 10
5.9/ 10
6.6/ 10

Google’s 3.7/5 rating from 281 reviews is the largest review base and converts to 6.1/10 under the specified curve. Apartments.com is materially more positive but smaller, while the written themes show both recurring operational problems and recurring praise, resulting in a modest net adjustment to 6.5/10. Structure is scored lower than the overall experience because the reported evidence includes repeated elevator and plumbing failures, while living quality remains supported by strong amenity, staff and community praise.

− Elevator breakdowns and long waits− Hot-water and plumbing problems− Building-wide WiFi and AC outages− Reports of cheaper original materials
+ Strong amenity package+ Friendly staff and residents+ Responsive maintenance+ Clean common areas+ Community events
− Elevator inconvenience− Slow or incomplete management communication− Package-room disorder− Late-night door-staff coverage concerns− Pest and smoking complaints

Residents repeatedly describe elevator downtime and long waits; one review said elevators were “broken down far more than they should,” while another reported that all three sometimes went out. Plumbing feedback includes six weeks of scalding-hot water with “no ETA for repair,” and other reviews mention multiple days without hot water; these are resident reports rather than an independent engineering inspection.

Daily life is described positively by many residents who cite “amazing amenities,” friendly neighbors, clean spaces and responsive maintenance, including one reviewer who said issues were fixed “within 24 hours.” The negative accounts are operationally significant: residents report management communication failures, a package room that is “a disaster,” elevator waits of up to 15 minutes, and concerns about overnight access security.

640 North WellsRiver North, Chicago250 units
5.7/ 10
6.0/ 10
Brightplace 3.5/5 · 17 reviews · brightplace.ai
Brightplace 3.8/5 · 3 reviews · brightplace.ai
Combined from 2 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 6.
7.0/ 10
Brightplace 4.2/5 · 35 reviews · brightplace.ai
Brightplace 3.8/5 · 21 reviews · brightplace.ai
Brightplace 4.3/5 · 5 reviews · brightplace.ai
Combined from 3 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.

Brightplace's 3.4/5 aggregate from 100 reviews sets the level; using the requested curve, it converts to 5.2/10. Recurring management, amenity/upkeep and noise complaints pull the resident-experience assessment down, while repeated praise for staff, amenities, finishes and location limits the reduction; the structure score is based on the reported 3.5/5 Building Quality rating and related physical-condition commentary.

+ Modern finishes+ Well-designed units+ Good interior quality+ Sound-proofing praised by one resident+ Responsive maintenance reported
− Recurring noise-insulation concerns− Elevator flagged for replacement− Ceiling leak unresolved for over two months− Variable common-area cleanliness− External nightlife and traffic noise
+ Responsive leasing staff+ Professional front desk+ Gym, pool and rooftop amenities+ Golf simulator and yoga+ Walkable River North location
− Billing discrepancies− Unclear fee and policy communication− Delayed management responses− Locked or restricted amenity access− Package and parking-security complaints

Brightplace reports a 3.5/5 Building Quality rating from 17 reviews and a 3.8/5 Maintenance rating from 3 reviews. Residents praised modern finishes and well-designed units, but reports include neighbors' activity audible through walls and floors, an elevator needing replacement, and one ceiling leak that remained unresolved for more than two months; the older AptAmigo review separately rated sound insulation 4.0/5 and temperature control 3.0/5.

Brightplace reports a 4.2/5 Management rating from 35 reviews and a 3.8/5 Amenities and Shared Spaces rating from 21 reviews. Residents praise leasing and front-desk professionalism and the gym, pool, golf simulator and rooftop spaces, but also report “significant billing errors,” unclear policies, locked amenity doors, deteriorating shared spaces, lost packages and vehicle-security incidents.

Only buildings that have reached handover are rated. 2 of 7 projects carry no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
JDL Development Corp.
Headquarters
14 West Superior Street, Suite 200, Chicago, United States
60654
Founded
1993
Chicago, United States
Entity type
PRIVATE
Revenue
USD 29.16 million annual revenue
Business model
offplan for sale, build to rent, commercial, mixed use, masterplan

Partners

8 partners
Kayne Anderson Real Estate
joint venture

JDL and Kayne Anderson formed a joint venture to acquire and redevelop the 31-acre Chicago site now called Foundry Park.

Wanxiang America Real Estate Group
joint venture

Wanxiang partnered with JDL as an equity partner in One Chicago Square and later in the Caretta development.

Bank OZK
funder

Bank OZK provided construction financing for One Chicago Square.

Square Mile Capital Management
funder

Square Mile provided mezzanine financing and preferred equity for One Chicago Square.

iStar Financial
joint venture

iStar and JDL were the joint-venture borrowers for the 469-unit 1000 South Clark apartment tower.

Centaur Capital Partners
joint venture

JDL partnered with Centaur Capital Partners to manage and acquire The Parker apartment building in Fulton Market.

Power Construction
contractor

Power Construction was identified as JDL's general contractor for One Chicago Square.

Archdiocese of Chicago
landowner

JDL acquired the One Chicago site from the Archdiocese of Chicago.

Sources: partners

PRESS2025-07-10

Kayne Anderson Real Estate and JDL Development Enter into Agreement to Acquire a 31-Acre Development Site in Chicago's North Side Formerly Known as Lincoln Yards North

PR Newswire
Joint Venture to Deliver Vibrant Residential Development for the City of Chicago
value seen: Joint Venture to Deliver Vibrant Residential Development
value paraphrased from this source
https://www.prnewswire.com/news-releases/kayne-anderson-real-estate-and-jdl-development-enter-into-agreement-to-acquire-a-31-acre-development-site-in-chicagos-north-side-formerly-known-as-lincoln-yards-north-302501857.html

Sources: partners

PRESS2019-03-19

76-story skyscraper in River North is a go

Powering Chicago
JDL closed yesterday on the financing, which includes a construction loan from Bank OZK and an investment from equity partner Wanxiang America Real Estate Group
value seen: equity partner
https://poweringchicago.com/76-story-skyscraper-in-river-north-is-a-go/

Sources: partners

PRESS2019-03-19

76-story skyscraper in River North is a go

Powering Chicago
JDL closed yesterday on the financing, which includes a construction loan from Bank OZK
value seen: construction loan from Bank OZK
https://poweringchicago.com/76-story-skyscraper-in-river-north-is-a-go/

Sources: partners

PRESS2019-03-19

76-story skyscraper in River North is a go

Powering Chicago
Financing for One Chicago Square also includes mezzanine financing and preferred equity from New York-based Square Mile Capital Management
value seen: mezzanine financing and preferred equity from New York-based Square Mile Capital Management
https://poweringchicago.com/76-story-skyscraper-in-river-north-is-a-go/

Sources: partners

PRESS2017-04-04

HFF arranges $79.65M financing for development of luxury apartment tower in Chicago’s South Loop

REJournals
HFF worked on behalf of the borrower, a joint venture between iStar Financial and JDL Development, LLC
value seen: joint venture between iStar Financial and JDL Development, LLC
https://rejournals.com/hff-arranges-79-65m-financing-for-development-of-luxury-apartment-tower-in-chicagos-south-loop/

Sources: partners

PRESS2024-10-01

JDL, Centaur Pay $90M+ for Discounted Fulton Market Apartments

The Real Deal
Letchinger’s Chicago-based firm JDL — developer of premier residential towers One Chicago and No. 9 Walton — got involved in the deal with Schreiber’s Lake Forest-based family office Centaur Capital Partners in order to manage the 227-unit apartment building
value seen: Centaur Capital Partners
https://therealdeal.com/chicago/2024/10/01/jdl-centaur-pay-90m-for-discounted-fulton-market-apartments/

Sources: partners

PRESS2019-03-19

76-story skyscraper in River North is a go

Powering Chicago
JDL and its general contractor, Power Construction, now need to make sure the project is built on time and on budget
value seen: general contractor, Power Construction
https://poweringchicago.com/76-story-skyscraper-in-river-north-is-a-go/

Sources: partners

PRESS2024-06-07

JDL, Wanxiang Score $415M Refi for One Chicago Towers

The Real Deal
JDL acquired the site for One Chicago from the Archdiocese of Chicago
value seen: acquired the site for One Chicago from the Archdiocese of Chicago
https://therealdeal.com/chicago/2024/06/07/jdl-wanxiang-score-415m-refi-for-one-chicago-towers/

Registrations & licences

none found
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

1 countries
United Statesactive 4 projects tracked
3 of 7 projects carry no country in the record — most of those name only a city — so they are not counted against a market here.

What they build

5 types
Residential, for rent6 of 7
Retail5 of 7
Mixed use5 of 7
Residential, for sale2 of 7
Office1 of 7
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
JD
James D. Letchinger
James D. Letchinger founded JDL Development in 1993 and remains its Founder & CEO. The company describes him as hands-on across projects from inception to completion; independent reporting and a university profile describe his path from lighting sales into Chicago residential development and his work on major high-rise and mixed-use projects.
Current title
Founder & CEO
Experience
no career length stated
Companies before
Lighting business
Education
University of Michigan
Other boards
none sourced
Known for
nothing tagged
Location is number one. Chicago Association of REALTORS® June 30, 2026https://chicagorealtor.com/foundry-park-inside-jdl-developments-plan-to-reimagine-a-chicago-megaproject/
Time kills real estate deals. Chicago Association of REALTORS® June 30, 2026https://chicagorealtor.com/foundry-park-inside-jdl-developments-plan-to-reimagine-a-chicago-megaproject/

Sources: institution

COMPANY2025-12-16

Creating environments for life | JDL Development

JDL Development · carried by jdlcorp.com
Jim is a graduate of the University of Michigan.
value seen: University of Michigan
https://jdlcorp.com/leadership

Sources: full name

COMPANY2025-12-16

Creating environments for life | JDL Development

JDL Development · carried by jdlcorp.com
James D. Letchinger Founder & CEO
value seen: James D. Letchinger
https://jdlcorp.com/leadership

Sources: previous companies

PRESS2018-11-29

James Letchinger Shares Career Wisdom with Students as EJ Plesko Award Recipient

Wisconsin School of Business
When Letchinger graduated college, he had no idea what he wanted to do, but chose to start his own business selling lighting to other companies.
value seen: selling light bulbs
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://business.wisc.edu/centers/graaskamp/news/james-letchinger-shares-career-wisdom-with-students-as-ej-plesko-award-recipient/

Sources: date

PRESS2026-07-02

Foundry Park: Inside JDL Development's Plan to Reimagine a Chicago Megaproject

Chicago Association of REALTORS®
At CommercialForum’s Power Lunch on June 30th
value seen: June 30, 2026
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://chicagorealtor.com/foundry-park-inside-jdl-developments-plan-to-reimagine-a-chicago-megaproject/

Sources: quote

PRESS2026-07-02

Foundry Park: Inside JDL Development's Plan to Reimagine a Chicago Megaproject

Chicago Association of REALTORS®
“Location is number one,” he said
value seen: Location is number one.
https://chicagorealtor.com/foundry-park-inside-jdl-developments-plan-to-reimagine-a-chicago-megaproject/

Sources: date

PRESS2026-07-02

Foundry Park: Inside JDL Development's Plan to Reimagine a Chicago Megaproject

Chicago Association of REALTORS®
At CommercialForum’s Power Lunch on June 30th
value seen: June 30, 2026
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://chicagorealtor.com/foundry-park-inside-jdl-developments-plan-to-reimagine-a-chicago-megaproject/

Sources: quote

PRESS2026-07-02

Foundry Park: Inside JDL Development's Plan to Reimagine a Chicago Megaproject

Chicago Association of REALTORS®
“Time kills real estate deals,” and it’s shaped everything from how quickly JDL locked in its capital partner to how the first phase was sequenced.
value seen: Time kills real estate deals.
https://chicagorealtor.com/foundry-park-inside-jdl-developments-plan-to-reimagine-a-chicago-megaproject/

Sources: role type

COMPANY2025-12-16

Creating environments for life | JDL Development

JDL Development · carried by jdlcorp.com
James D. Letchinger Founder & CEO
value seen: Founder & CEO
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://jdlcorp.com/leadership

Sources: summary

COMPANY2025-12-16

Creating environments for life | JDL Development

JDL Development · carried by jdlcorp.com
JDL Development was founded in 1993 by James D. Letchinger. From the start, Jim has been intimately involved in all aspects of JDL’s projects from inception to completion.
value seen: James D. Letchinger founded JDL Development in 1993 and remains its Founder & CEO. The company describes him as hands-on across projects from inception to completion; independent reporting and a university profile describe his path from lighting sales into Chicago residential development and his work on major high-rise and mixed-use projects.
value paraphrased from this source
https://jdlcorp.com/leadership

Sources: title

COMPANY2025-12-16

Creating environments for life | JDL Development

JDL Development · carried by jdlcorp.com
James D. Letchinger Founder & CEO
value seen: Founder & CEO
https://jdlcorp.com/leadership
RS
Robert Stone
Robert Stone has been with JDL Development since 2002 and oversees its financial and administrative functions, including project financial structures with banks and equity partners. Before JDL, he held ownership and operating roles at United Model Distributors, consulted in private investment and business turnarounds, served as a vice president at The Jupiter Corporation, and began in real-estate law.
Current title
Chief Operating Officer
since 2002
Experience
no career length stated
Companies before
United Model Distributors, Inc.The Jupiter CorporationPrivate investment and business turnaround/workout consultingPrivate law practice
Education
Miami UniversityBA
University of MichiganJD
Other boards
none sourced
Known for
nothing tagged
Work email: rdstone@jdlcorp.com1 Email
https://www.linkedin.com/in/robert-stone-b1471b12

Sources: degree

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Robert holds a BA from Miami University and a JD from University of Michigan.
value seen: BA
https://jdlcorp.com/team

Sources: institution

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Robert holds a BA from Miami University and a JD from University of Michigan.
value seen: Miami University
https://jdlcorp.com/team

Sources: degree

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Robert holds a BA from Miami University and a JD from University of Michigan.
value seen: JD
https://jdlcorp.com/team

Sources: institution

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Robert holds a BA from Miami University and a JD from University of Michigan.
value seen: University of Michigan
https://jdlcorp.com/team

Sources: email

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Chief Operating Officer Contact (rdstone@jdlcorp.com)
value seen: rdstone@jdlcorp.com
https://jdlcorp.com/team

Sources: full name

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
# Robert Stone
value seen: Robert Stone
https://jdlcorp.com/team

Sources: linkedin page

SOCIALdate not shown in source

Robert Stone - Chief Operating Officer at JDL Development | LinkedIn

LinkedIn
Robert Stone - Chief Operating Officer at JDL Development
value seen: https://www.linkedin.com/in/robert-stone-b1471b12
https://www.linkedin.com/in/robert-stone-b1471b12

Sources: previous companies

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Robert was 50% Owner, Chairman and COO of United Model Distributors, Inc
value seen: United Model Distributors, Inc.
https://jdlcorp.com/team

Sources: previous companies

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
was Vice President of The Jupiter Corporation for 5 years prior to his consulting work.
value seen: The Jupiter Corporation
https://jdlcorp.com/team

Sources: previous companies

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Prior to joining JDL, Robert was a consultant in private investment and business turnaround/workout consulting.
value seen: Private investment and business turnaround/workout consulting
https://jdlcorp.com/team

Sources: previous companies

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Robert began his career in private practice of law with a specialty in real estate development, hotels and security.
value seen: Private law practice
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://jdlcorp.com/team

Sources: since

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Robert Stone has been with JDL Development since 2002
value seen: 2002
https://jdlcorp.com/team

Sources: summary

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Robert Stone has been with JDL Development since 2002, overseeing all financial and administrative functions of the company. Robert works closely with a variety of banks, equity partners and many other service providers to create the right financial structures for JDL's projects.
value seen: Robert Stone has been with JDL Development since 2002 and oversees its financial and administrative functions, including project financial structures with banks and equity partners. Before JDL, he held ownership and operating roles at United Model Distributors, consulted in private investment and business turnarounds, served as a vice president at The Jupiter Corporation, and began in real-estate law.
value paraphrased from this source
https://jdlcorp.com/team

Sources: title

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Chief Operating Officer Contact (rdstone@jdlcorp.com)
value seen: Chief Operating Officer
https://jdlcorp.com/team
JL
Joey Letchinger
Joey Letchinger joined JDL Development in 2019 and works across its design, construction and investment teams. He oversees residential buyer construction, multifamily renovations and partner coordination, and has contributed to One Chicago, North Union and Foundry Park; before JDL he worked in hospitality and ran a wine brokerage.
Current title
Executive Vice President
since 2019
Experience
no career length stated
Companies before
Del PostoDanny Meyer hospitality groupsDaniel Boulud hospitality groupsGraham ElliotL20Restaurant DANIELMaialinoWine brokerage
Education
not published
Other boards
none sourced
Known for
nothing tagged
Work email: joey@jdlcorp.com1 Email

Sources: email

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Executive Vice President Contact (joey@jdlcorp.com)
value seen: joey@jdlcorp.com
https://jdlcorp.com/team

Sources: full name

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
# Joey Letchinger
value seen: Joey Letchinger
https://jdlcorp.com/team

Sources: previous companies

PRESS2025-12-16

Roman Rockstar: Joey Letchinger '11 | LU Article - Latin School of Chicago

Latin School of Chicago
Joey spent 10 years working in restaurants and food and beverage at prestigious establishments such as Graham Elliot and L20 in Chicago, and Restaurant DANIEL, Maialino, and Del Posto in New York.
value seen: Del Posto
https://www.latinschool.org/latinupdate/lu-article/~board/all/post/roman-rockstar-joey-letchinger-11

Sources: since

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Joey joined JDL Development in 2019 as a Project Manager
value seen: 2019
https://jdlcorp.com/team

Sources: summary

PRESS2025-12-16

Roman Rockstar: Joey Letchinger '11 | LU Article - Latin School of Chicago

Latin School of Chicago
During this time, he simultaneously ran a wine brokerage and became a certified sommelier through the Court of Master Sommeliers. It was this drive that enabled him to make a successful career switch, as he returned to Chicago and joined the family business, JDL Development. Here he has helped develop One Chicago, North Union, and other major projects.
value seen: Joey Letchinger joined JDL Development in 2019 and works across its design, construction and investment teams. He oversees residential buyer construction, multifamily renovations and partner coordination, and has contributed to One Chicago, North Union and Foundry Park; before JDL he worked in hospitality and ran a wine brokerage.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.latinschool.org/latinupdate/lu-article/~board/all/post/roman-rockstar-joey-letchinger-11

Sources: title

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Executive Vice President Contact (joey@jdlcorp.com)
value seen: Executive Vice President
https://jdlcorp.com/team
WO
Wes Olker
Wes Olker oversees JDL’s multifamily asset-management portfolio, including operations, leasing, budgets, investor reporting, capital improvements, acquisitions and dispositions. His prior experience includes commercial brokerage at Imperial Realty Company and project work with Lendlease on Chicago developments.
Current title
Executive Vice President, Asset Management
since 2019
Experience
no career length stated
Companies before
LendleaseImperial Realty Company
Education
Indiana University, Kelley School of BusinessBS
Other boards
none sourced
Known for
nothing tagged
Work email: wes@jdlcorp.com1 Email
https://linkedin.com/in/wesley-olker-32b43b44

Sources: degree

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Wes has a BS from The Kelley School of Business at Indiana University
value seen: BS
https://jdlcorp.com/team

Sources: institution

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Wes has a BS from The Kelley School of Business at Indiana University
value seen: Indiana University
https://jdlcorp.com/team

Sources: email

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Executive Vice President, Asset Management Contact (wes@jdlcorp.com)
value seen: wes@jdlcorp.com
https://jdlcorp.com/team

Sources: full name

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
# Wes Olker
value seen: Wes Olker
https://jdlcorp.com/team

Sources: linkedin page

SOCIAL2026-09-15

Wesley Olker

LinkedIn
Executive Vice President - Asset Management (Current)
value seen: https://linkedin.com/in/wesley-olker-32b43b44
https://linkedin.com/in/wesley-olker-32b43b44

Sources: previous companies

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Just prior to joining JDL, Wes worked with Lendlease as project manager
value seen: Lendlease
https://jdlcorp.com/team

Sources: previous companies

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Wes started his career at Imperial Realty Company
value seen: Imperial Realty Company
https://jdlcorp.com/team

Sources: since

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Wes has been with JDL Development since 2019.
value seen: 2019
https://jdlcorp.com/team

Sources: summary

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
He oversees the entire multifamily asset management portfolio with a focus on driving operations, financial performance, and long-term value creation.
value seen: Wes Olker oversees JDL’s multifamily asset-management portfolio, including operations, leasing, budgets, investor reporting, capital improvements, acquisitions and dispositions. His prior experience includes commercial brokerage at Imperial Realty Company and project work with Lendlease on Chicago developments.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://jdlcorp.com/team

Sources: title

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Executive Vice President, Asset Management Contact (wes@jdlcorp.com)
value seen: Executive Vice President, Asset Management
https://jdlcorp.com/team
DM
Doug Metzger
Doug Metzger oversees design and construction across JDL’s development portfolio and is credited by the company with a critical role in delivering One Chicago and advancing North Union. Before JDL, he managed Chicago projects at Lendlease and began at Bechtel managing schedule and cost for a $400 million chemical-agent-destruction facility.
Current title
Executive Vice President, Construction
since 2018
Experience
no career length stated
Companies before
LendleaseBechtel
Education
University of Illinois at Urbana-ChampaignBachelor of Science in Civil Engineering
Other boards
none sourced
Known for
nothing tagged
Work email: doug@jdlcorp.com1 Email
https://linkedin.com/in/doug-metzger-9194301b

Sources: degree

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
He holds a Bachelor of Science in Civil Engineering from the University of Illinois at Urbana-Champaign.
value seen: Bachelor of Science in Civil Engineering
https://jdlcorp.com/team

Sources: institution

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
He holds a Bachelor of Science in Civil Engineering from the University of Illinois at Urbana-Champaign.
value seen: University of Illinois at Urbana-Champaign
https://jdlcorp.com/team

Sources: email

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Executive Vice President, Construction Contact (doug@jdlcorp.com)
value seen: doug@jdlcorp.com
https://jdlcorp.com/team

Sources: full name

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
# Doug Metzger
value seen: Doug Metzger
https://jdlcorp.com/team

Sources: linkedin page

SOCIAL2026-09-05

Doug Metzger

LinkedIn
Executive Vice President of Construction at JDL Development
value seen: https://linkedin.com/in/doug-metzger-9194301b
https://linkedin.com/in/doug-metzger-9194301b

Sources: previous companies

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Prior to JDL, Doug worked at Lendlease
value seen: Lendlease
https://jdlcorp.com/team

Sources: previous companies

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Doug began his career with Bechtel in Richmond, Kentucky
value seen: Bechtel
https://jdlcorp.com/team

Sources: since

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Doug joined JDL in 2018
value seen: 2018
https://jdlcorp.com/team

Sources: summary

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Doug joined JDL in 2018, and oversees all aspects of the design and construction process across the company's development portfolio.
value seen: Doug Metzger oversees design and construction across JDL’s development portfolio and is credited by the company with a critical role in delivering One Chicago and advancing North Union. Before JDL, he managed Chicago projects at Lendlease and began at Bechtel managing schedule and cost for a $400 million chemical-agent-destruction facility.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://jdlcorp.com/team

Sources: title

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Executive Vice President, Construction Contact (doug@jdlcorp.com)
value seen: Executive Vice President, Construction
https://jdlcorp.com/team
GA
Garrett Andrew
Garrett Andrew joined JDL Development in 2024 and supports the financial operations, construction and performance of new developments while identifying opportunities for future projects. Before JDL, he worked on multifamily and industrial development at Greystar and began his career in Wells Fargo’s Real Estate Lending Group.
Current title
Vice President, Development
since 2024
Experience
no career length stated
Companies before
GreystarWells Fargo
Education
University of MichiganBA in Economics, minor in Business
Other boards
none sourced
Known for
nothing tagged
Work email: garrett@jdlcorp.com1 Email
https://linkedin.com/in/garrett-andrew-b6176013a

Sources: degree

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Garrett holds a BA in Economics with a minor in Business from the University of Michigan.
value seen: BA in Economics, minor in Business
held out of the figures · the quote does not carry this value
https://jdlcorp.com/team

Sources: institution

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Garrett holds a BA in Economics with a minor in Business from the University of Michigan.
value seen: University of Michigan
https://jdlcorp.com/team

Sources: email

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Vice President, Development Contact (garrett@jdlcorp.com)
value seen: garrett@jdlcorp.com
https://jdlcorp.com/team

Sources: full name

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
# Garrett Andrew
value seen: Garrett Andrew
https://jdlcorp.com/team

Sources: linkedin page

SOCIAL2026-09-07

Garrett Andrew

LinkedIn
Vice President at JDL Development
value seen: https://linkedin.com/in/garrett-andrew-b6176013a
https://linkedin.com/in/garrett-andrew-b6176013a

Sources: previous companies

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Before joining JDL, Garrett worked with Greystar
value seen: Greystar
https://jdlcorp.com/team

Sources: previous companies

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Garrett began his career at Wells Fargo in their Real Estate Lending Group.
value seen: Wells Fargo
https://jdlcorp.com/team

Sources: since

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Garrett joined JDL Development in 2024
value seen: 2024
https://jdlcorp.com/team

Sources: summary

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Before joining JDL, Garrett worked with Greystar, where he focused on new multifamily and industrial development projects across the Midwest and Eastern Canada.
value seen: Garrett Andrew joined JDL Development in 2024 and supports the financial operations, construction and performance of new developments while identifying opportunities for future projects. Before JDL, he worked on multifamily and industrial development at Greystar and began his career in Wells Fargo’s Real Estate Lending Group.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://jdlcorp.com/team

Sources: title

COMPANYdate not shown in source

Team | JDL Development

JDL Development · carried by jdlcorp.com
Vice President, Development Contact (garrett@jdlcorp.com)
value seen: Vice President, Development
https://jdlcorp.com/team

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

7 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
868 North WellsChicago, United States
Near North Side
residential for rent, retail, mixed use411127478,000 sq ft————May 2024 – Aug 2024Jan 2024 – Dec 20240.0 mo
(−7.0 to +7.0)
sourcedcompleted
871 North FranklinChicago
Near North Side
residential for rent, retail, mixed use4415———2024January 03, 2024—Jan 2024 – Dec 2024—not scorablecompleted
920 North WellsChicago
Near North Side
residential for rent, retail, mixed use238121315,000 sq ft——2022May 2022Sep 2023 – Dec 2023Jan 2024 – Dec 2024+8.0 mo
(+1.0 to +15.0)
sourcedcompleted
One ChicagoChicago, United States
River North
mixed use, residential for rent, residential for sale, office, retail812177 and 49 stories2,200,000 sq ftUSD 850m
estimated cost
—2017Oct 24, 2017Jan 2021 – Dec 2021Jan 2022 – Dec 2022+12.0 mo
(+1.0 to +23.0)
sourcedcompleted
No 9 WaltonChicago, United States
Gold Coast
residential for sale67138465,001 sq ftUSD 125m
other
—2015June 29 th, 2015Jun 2017 – Aug 2017Jan 2019 – Dec 2019+23.5 mo
(+17.0 to +30.0)
sourcedcompleted
Eight Eleven UptownChicago, United States
Uptown
residential for rent, retail, mixed use381127512,868 sq ftUSD 125m
estimated cost
—2015November 16, 2015Jan 2018 – Dec 2018Jan 2018 – Dec 20180.0 mo
(−11.0 to +11.0)
sourcedcompleted
640 North WellsChicago
River North
residential for rent250123342,041 sq ft——201626 January 2016Jun 2017 – Aug 2017Jan 2017 – Dec 2017−0.5 mo
(−7.0 to +6.0)
sourcedcompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

4 found
PROJECT AWARD Winner August 11, 2023 (reported); 2023 award
2023 International Architecture Award · One Chicago
One Chicago won the 2023 International Architecture Award; the project was led by JDL Development.
The Chicago Athenaeum: Museum of Architecture and Design and The European Centre for Architecture Art Design and Urban Studies · https://www.gpchicago.com/news/one-chicago-wins-prestigious-2023-international-architecture-award/
PROJECT AWARD Winner May 19, 2022 (event); May 23, 2022 (reported)
Residential Development of the Year · One Chicago
One Chicago received Residential Development of the Year at the 34th Annual Chicago Commercial Real Estate Awards, with JDL Development identified as the developer.
PROJECT AWARD Winner 2022
Multifamily Development of the Year · One Chicago
One Chicago was listed as the Multifamily Development of the Year winner, with JDL Development named as the developer.
RANKING Ranked April 3, 2023 (reported)
Urbanize Chicago’s 2023 Best Skyscraper · One Chicago
Readers selected One Chicago as Urbanize Chicago’s 2023 Best Skyscraper; the report identifies JDL Development as the developer.

Risks

Risk flags

4 found
FINANCIAL DISTRESS December 16, 2002 (reporting the summer 2002 settlement)
In a matter involving JDL principal James Letchinger, First Bank & Trust Co. of Illinois threatened foreclosure on nearly $35 million in overdue construction loans; the matter was settled in summer 2002, according to the report, so the source documents a threatened foreclosure rather than a completed foreclosure.
FINANCIAL DISTRESS 2017 abandonment; subsequent foreclosure-related transfer reported September 2024
At 2 West Delaware Place in Chicago, JDL Development—backed by Angelo Gordon and Harlem Irving—abandoned its 2016 plan to renovate and resell the acquired condominium units after only nine renovated units sold, switching the units to rentals; the building later entered a 2024 deed-in-lieu-of-foreclosure transfer involving a subsequent owner, not a finding that JDL itself was foreclosed on.
PROJECT CANCELLED Construction stopped and foreclosure reported as occurring in 2009; completion as rentals reported April 5, 2018
The Mercer in Las Vegas was an older JDL Development/Modern Living Holdings condominium project whose construction stopped and lender foreclosure followed in 2009; later ownership restarted and completed it as a rental complex, so this is unresolved historical failure evidence rather than a current stalled JDL project.
DELIVERY DELAY Failure/default and lender seizure reported in 2025; JDL acquisition closed September 30, 2025; replacement delivery remained a future commitment as of October 11, 2026
Lincoln Yards was a stalled and financially failed development led originally by Sterling Bay and partners—not by JDL—before JDL Development and Kayne Anderson acquired the northern parcel in 2025 and renamed their replacement plan Foundry Park; Bank OZK had seized that parcel after a loan default, and JDL’s replacement project remained pre-construction as of the research date.

Record status

active
Coverageactive
Tracked sinceOctober 10, 2026
Last checkedOctober 11, 2026 this month
Profile last researchedOctober 11, 2026
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For informational purposes only. This information is not investment, financial or credit advice and should not be relied on for investment, lending or credit decisions. Records may be incomplete or outdated. Verify information independently and seek qualified advice before making a decision.