WHAT WE DO
Murphy Development Group, LLC focuses on generating development opportunities in the multifamily, hospitality and office sectors across the country. To date, the firm has successfully developed and repositioned commercial properties valued at over $1.5 billion and encompassing more than 4 million square feet.
Through sound investment strategies and extensive due diligence, the dynamic development team at Murphy Development Group (MDG) assists with identifying, evaluating and executing the projects by combining sound financial modeling, economic analysis and entrepreneurial creativity. The Murphy Development Group team has supported numerous developments owned by affiliates of MDG including: Lincoln Park 2550, Hyatt Chicago “The Loop,” the Chicago Motor Club redevelopment into a Hampton Hotel, and the Oriental Theater redevelopment.
CORE CAPABILITIES
Accounting/Control/Reporting
Assembly of Technical Team
Conceptual Schedule and Budget
Environmental & Site Evaluations
Feasibility & Economic Analysis
Financial Structuring & Options
Government Approval Coordination
Land Acquisition & Negotiations
Net Lease Development
Planning, Design & Development
Pro-forma Development
Value Engineering
Sustainability
At Murphy we seek out sustainable development solutions, where feasible, including stormwater detention, green roofs, energy efficiency, and the use of climate-appropriate materials and design in the respective project locales. Renovation projects are inherently more sustainable than their ground-up counterparts, and our portfolio depth of adaptive reuse and historic restoration projects illustrates our commitment to preserve the existing urban fabric as much as possible.
CURRENT PROJECT
Development Overview:
Located at 1326 South Michigan, The Paragon offers easy access to everything that makes every day excellent. This 47-story contemporary building includes floor plans for studio, one-, two-, and three-bedroom apartments.
500 luxury apartments that include:
Co-working space with library
Lounges
47th floor entertainment room
Outdoor deck with pool
Cabanas
Grill stations
Dog park
47th floor lake view fitness center
Spa with sauna, steam and whirlpool
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