|
Louis D. D’Angelo
President
Metropolitan Properties of Chicago
Louis D. D’Angelo founded Metropolitan Properties
of Chicago in 1991 when he assumed leadership of his
family’s real estate holdings. During a nation-wide
market crisis, he created and implemented a strategy
to stabilize the over-leveraged real estate assets by
negotiating with five mortgagees whose total debt exceeded
$70 million. Ultimately, together with the efforts of
his family and advisors, he accomplished restructurings
that allowed the D’Angelo family to maintain ownership
and control of their properties.
For over a decade, D’Angelo has envisioned the
Michigan Avenue area surrounding Grant Park as a vibrant
24-hour/ 7-day-a-week environment. Metropolitan Properties
earned its reputation as a visionary leader, capable
of executing complex developments with the 1996 acquisition
and redevelopment of the McCormick Building located at
332 South Michigan Avenue. This challenging adaptive,
mixed-use development has since proven to be a catalyst
for other developments surrounding the park.
Metropolitan Properties in 1998 was selected to form
the precedent-setting consortium to acquire and develop
the City-owned Congress Parkway and State Street site
because of D’Angelo’s knowledge of the South
Loop market, his involvement with the educational institutions,
and his understanding of the nuanced governmental issues
confronting a project. The project opened in August 2004
and is known as The University Center of Chicago.
Metropolitan Properties is continuing its efforts to
pursue promising niche development and investment opportunities.
Currently, the company is again maximizing values of
vintage properties - 310 & 318 South Michigan Avenue
- by identifying the highest and best use by converting
the former office properties fronting the park into luxury
residential condominiums.
D'Angelo attended The University of Chicago Law School,
from which he received his juris doctor degree in 1991.
He serves on the Visiting Committee and Entrepreneurial
Committee of the law school, and volunteers with the
school’s “Lawyer as Negotiator” program
and is a guest lecturer about architecture in the university’s
undergraduate program.
Previously, D'Angelo was employed in the New York office
of Goldman Sachs & Company from 1986-88 as a financial
analyst in the Mortgage Securities Research Department.
He earned his bachelor’s degree in 1985 at The
George Washington University, in Washington, D.C. He
is a licensed attorney and real estate broker in the
State of Illinois and is active in many professional
associations and community organizations.
|
