Projects

An Outside the Box Approach to Real Estate Development

We've overseen the development and management of millions of dollars worth of real estate assets from Chicago to Peoria, IL and we continue to expand each year. Since The Kim Group’s relaunch in 2015, we’ve overseen the  development of countless projects which add up to millions of dollars in real estate assets and have helped businesses in a variety of industries achieve their investing goals.

We assemble deal structures that allow small businesses to redevelop distressed properties, which they can eventually use as commercial spaces. Recently, we redeveloped a building from 1895 to house a third-generation German bakery and event center. The success of the project led to a ripple effect of $25 million worth of additional development in the surrounding area. The Kim Group is dedicated to both serving clients as well as contributing to the revitalization of the local community.

Keller Station

Peoria, IL

Redeveloped: 2019 - ongoing

Asset Type: Multi-Phase, Multi-Tenant Commercial

Development Price: $15M+

Financial Stack: Bank Financing, Enterprise Zone (EZ), City of Peoria Economic Development  Programs, Business Development District (BDD), and Investors

Public-Private Partnership with Peoria Park District

Samuel Avenue Condos 

Peoria Heights,IL

Acquired/Developed: 2020-2022

Asset Type: Mixed Use- Commercial Suite (1st floor) & 16 Residential Condo (2nd, 3rd, & 4th  floor) 

Units: 17

Development Price: Contact Us

Financial Stack: Bank Financing, Tax Increment Financing (TIF), Enterprise Zone (EZ), and  Investors

Samuel Avenue Redevelopment ï»¿

Peoria Heights,IL

Acquired/Developed: 2018 - ongoing

Asset Type: Residential Redevelopment

Units: 35+

Development Price: Contact Us

Financial Stack: Bank Financing, Tax Increment Financing (TIF), Enterprise Zone (EZ), and  Investors

The Block

Peoria’s Warehouse District, Peoria, IL

Redeveloped: 2018 - Future Phases in Progress

Asset Type: Multi-Tenant Multi-Phase Commercial

Phase: 1-3 complete & 4-5 in progress

Development Price: $5.95M (all phases completed to-date)

Financial Stack: Bank Financing, Tax Increment Financing (TIF), Rivers Edge Redevelopment Zone (RERZ), Investors, and Owner Investment


4500 Prospect

Peoria Heights,IL

Acquired/Developed: 2017- 2018

Asset Type: Multi-Tenant Commercial

Units: 7

Development Price: $5.62M

Financial Stack: Bank Financing, SBA, Tax Increment Financing (TIF), Enterprise Zone (EZ),  Business Development District (BDD), and Owner Investment

Cooperage 214

Peoria’s Warehouse District, Peoria, IL

Acquired: 2015 - 2016

Asset Type: Mixed Use - Commercial Suite (1st floor) & 18 Residential Apartments (2nd & 3rd  floor) 

Units: 19

Purchase Price: $5.922M

Financial Stack: Bank Financing, City of Peoria Macro Loan, Historic Tax Credits (State & Federal),  Tax Increment Financing (TIF), Rivers Edge Redevelopment Zone (RERZ), Investors, and Owner  Investment 


Trefzger's

Peoria Heights, IL

Acquired: 2015-2016

Asset Type: Multi-Tenant Commercial

Units: 6

Purchase Price: $5.25M

Financial Stack: Bank Financing, SBA 504, County of Peoria Macro Loan, Historical Tax Credits,  Tax Increment Financing (TIF) Bond, Special Service Area (SSA), Business Development District  (BDD), Investors, and Owner Investment 

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