Free Market Ventures

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Projects

The proof is in our projects.

From the foundation to the top floor, we love making projects come to life. We take challenges and create opportunities. We obsess over every square foot. Our goal is flawless execution every time. And the results are building.

INDUSTRIAL

Cannabis Cultivation Warehouses – IL

OPPORTUNITY

Turn a profit where others fear to tread.

RESULTS

When we said unique, profitable ventures we meant it. FMV Partnered with Cresco Labs to develop three cultivation centers. The $27 million dollar warehouses were developed in the cities of Joliet, Lincoln and Kankakee, IL. Each facility features the latest best practices in integrated crop management, pest control, hydroponic, aeroponic, and state-of-the-art digital video surveillance systems. All three facilities were sold in 2019 for a hefty profit.

RESIDENTIAL

17 East Illinois – Chicago, IL

OPPORTUNITY

When opportunity knocks don’t leave it standing on the doorstep.

RESULTS

FMV acquired a property at 17 E. Illinois in the heart of River North in Chicago. A location that seemed ideal for developing a boutique residential tower. Ideal until another opportunity arose–one that would double the investment in no time and with no hassle. Sometimes the short, easy road is more profitable than the long one. Our clients rely on us to know the difference.

DISTRESSED DEBT

The Green Door – Chicago, IL

OPPORTUNITY

Put all the pieces together to create a River North development.

RESULTS

Purchasing discounted debt in one of the hottest sub markets in Chicago doesn’t happen every day, but when it does, we will be there to take advantage of the opportunity. Executing this strategy on The Green Door and Mr. Beef properties created an opportunity to get paid off at full value or potentially take over the properties and redevelop the site. The Fund did get paid off in full generating an IRR in excess of 20%.

FINANCE

Receiver Liens

OPPORTUNITY

When presented with the unusual, can we still come out ahead?

RESULTS
Our receiver lien program is designed to fund Receiver Certificates for the demolition, repair or enclosure of properties that municipal courts have ruled in violation of public safety codes. In lieu of payment, the municipal court grants interest bearing Receiver Certificates for all costs incurred. Certificates are recorded as liens, subordinate only to tax liens. We’ve invested in over 100 receiver liens with an average return in excess of 15%.

FINANCE

Mortgage Lending

OPPORTUNITY

Turning over a new leaf within the cannabis industry.

RESULTS
We have teamed up with Chicago Atlantic to provide credit facility to leading national cannabis producers, which are collateralized by a first priority mortgage on all real estate and a first priority security interest on all other substantial assets.

office

820 Davis – Evanston, IL

OPPORTUNITY

Building a bottom line near the purple line.

RESULTS
Office space is big business and Evanston is a leading office market, both in Chicago and nationwide. To get in on the action, FMV partnered with Blue Vista Capital Management to acquire 820 Davis Street, an 83,000 sq ft, 5-story building in downtown Evanston located next to the Davis Street CTA, Metra commuter rail station, and a 1,583-space parking garage. The initial phase of updates comprised of staining the exterior brick, installation of a building height mural, renovations to the lobby, elevators, and bathrooms, and creation of a spec suite on the second floor. More recently a bike room, bike shower room, and conference room have been installed.

MIXED USE

Platform 4611 – Chicago, IL

OPPORTUNITY

On the rise in Uptown.

RESULTS
We’re giving the neighborhood with a glittering past a shining future. FMV has teamed up with The John Buck Company at the crossroads of Chicago’s Uptown neighborhood. Located at 4611 N. Broadway, the 9-story multi-family development will include 200 residential units and 9,000 square feet of retail space. This historic neighborhood has been the focus of significant public and private investment, including the $203 million Wilson Station for the Chicago Transit Authority. In addition to providing close proximity commuter access for residents of 4611, the renovated station will include the Chicago Market, a co-op grocery and community space.

ADVISORY SERVICES

OFFICE AND RETAIL

1114 and 1155 W Fulton Market, Chicago, IL

OPPORTUNITY

Jumping in and solving problems.

RESULTS
FMV has been retained by an institutional owner of two adaptive reuse West Loop buildings to serve as an integrated provider of property, asset, and construction management services. 1155 W Fulton Market, a 102,000 SF office and retail building, is the new Chicago home of Kimberly-Clark. 1114 W Fulton Market is a 30,000 SF office and retail building. FMV acts as an experienced advisor and “hands on” service provider. This includes working in tandem with ownership on execution of short and long term strategic objectives.