RedSky Capital (Chicago)

About RedSky Capital (Chicago)

RedSky Capital (Chicago) is a real estate operator. RedSky Capital (Chicago) operates in Chicago, Illinois. Its investment focus is on Historic Tax Credits, Hospitality and Industrial.

**Red Sky Capital** is a Chicago, Illinois-based real estate investment, development, and asset management firm led by Founding Partners Steven Greenberg and Stacy Greenberg alongside Principal Jake Greenberg. Operating with over 32 years of continuous involvement in the market since 1994, the firm specializes in urban infill projects and adaptive reuse. The enterprise functions as a vertically integrated development platform handling acquisition, historic restoration, structural repositioning, build-to-suit construction, and property management. Its business strategy centers on converting historic timber-frame warehouses, industrial structures, and vintage multi-use buildings into modernized commercial, residential, and mixed-use space while retaining authentic architectural elements like exposed brick and timber beams. The firm's operational focus remains concentrated within Chicago's West Loop submarket—including the Fulton Market District and Near West Side. Its portfolio spans 5 key asset classes: Class A office lofts, street-level retail spaces, restaurant venues, renovated loft-style apartments, and flexible mixed-use event spaces. Notable adaptive reuse projects include 1140–1146 W. Madison Street (a transformation of four 1890s-era buildings), 1045 W. Madison Street, and 1431 W. Hubbard Street.

Principals at RedSky Capital (Chicago)