Baker Development

Baker team photo
Kevin Loftus

Daniel J. Slack

Warren Baker

Steve Korol

Jordan Silver

Baker team photo

Baker Development

Baker Development Corporation is an experienced, well capitalized, privately owned real estate development company based in Chicago that has built a reputation for getting politically sensitive deals approved and complicated development projects constructed.

Since its formation in 1985, BDC and its partners have been involved in the acquisition, development and construction of virtually every class of real estate, including high-rise residential, big-box retail, office, hotel, multi-family (rental and for-sale), mixed-use, loft conversions, townhomes, retail, adaptive reuse properties, fractured condominiums and brownfield redevelopment projects.

No matter the category or class of project we’re working on, BDC is consistently known for one thing:  appealing, high-quality properties that people want to own, use or visit.

BAKER DEVELOPMENT TEAM

Photo of Warren Baker

Warren Baker

President of Baker Development Corporation
Warren Baker has over 33 years of experience in all aspects of commercial and residential development and construction including big-box retail, high-rise development, adapt /re-use and office development. A recipient of the prestigious Crystal Key Award for Excellence, Mr. Baker has developed several high profile properties such as the award winning 20 story high-rise at 2120 N. Lincoln Park West and the former DuPont Chemical site – an IEPA superfund, brownfield redevelopment consisting of a 180,000 s.f. Kohl's, Best Buy and BMO Harris at Armitage Avenue and the Kennedy Expressway in Chicago's Lincoln Park neighborhood.
Photo of Steve Korol

Steve Korol

Baker Development Corporation
Steve Korol is experienced in all aspects of residential acquisitions and development including multi-unit, town home, single-family and brownfield development. Most recently, Steve pioneered the Asset Maximization Program (AMP) – a joint venture program with lenders designed to underwrite and enhance the value of fractured, REO properties as a higher-value alternative to a distressed asset sale. Mr. Korol's prior accomplishments include General Management and Senior Leadership across key business operating functions. As President of the Logistics division of $9B RR Donnelley (NYSE:RRD), Steve built a $700 million entity, which became the 6th largest non-asset based logistics providers in the US and brings his strong deal making skills and numerous banking/Wall Street relationships to the team.
Photo of Daniel J. Slack

Daniel J. Slack

Baker Development Corporation
Daniel J. Slack, former President of Calamos Real Estate and Vice President of The Alter Group, has been involved in over $1B of real estate development over his 28-year career. Development expertise includes multi-family residential, commercial office and retail as well as hospitality and mixed-use. Dan handles all aspect of the investment and development process including land acquisition, entitlements, public incentives, financing, design and construction oversight as well as marketing and leasing. Some of Dan's most notable projects include the one million square foot City Gate Center mixed-use project in Naperville, Illinois, the $100M Dearborn Plaza mixed-use project in Chicago's River North and the AT&T/USG Building complex in Chicago's Loop.
Photo of Kevin Loftus

Kevin Loftus

Baker Development Corporation
Kevin Loftus is experienced in all aspects of commercial and residential design and construction oversight including shopping centers, big/small box retail, mixed use, town home, adapt/re-use and brownfield properties. With architecture and construction management as his background, Kevin provides the team with quick evaluations of development opportunities and provides an invaluable expertise on achieving efficient/flexible designs and cost-sensitive construction techniques.
Photo of Jordan Silver

Jordan Silver

Baker Development Corporation
Jordan Silver brings a wealth of real estate knowledge to Baker Development. With a background in finance, Jordan has underwritten over $1B of multi-family, office, retail and industrial real estate in his career. Jordan actively seeks new development opportunities and facilitates much of the development process from inception to completion. His role includes financial analysis, acquisition, due diligence, construction management, government approvals, property marketing and leasing oversight. His ability to quickly identify and solve problems makes him a valuable asset with respect to all types of real estate investment and development.