Projects
An Outside the Box Approach to Real Estate Development
We've overseen the development and management of millions of dollars worth of real estate assets from Chicago to Peoria, IL and we continue to expand each year. Since The Kim Group’s relaunch in 2015, we’ve overseen the development of countless projects which add up to millions of dollars in real estate assets and have helped businesses in a variety of industries achieve their investing goals.
We assemble deal structures that allow small businesses to redevelop distressed properties, which they can eventually use as commercial spaces. Recently, we redeveloped a building from 1895 to house a third-generation German bakery and event center. The success of the project led to a ripple effect of $25 million worth of additional development in the surrounding area. The Kim Group is dedicated to both serving clients as well as contributing to the revitalization of the local community.
Keller Station
Peoria, IL
Redeveloped: 2019 - ongoing
Asset Type: Multi-Phase, Multi-Tenant Commercial
Development Price: $15M+
Financial Stack: Bank Financing, Enterprise Zone (EZ), City of Peoria Economic Development Programs, Business Development District (BDD), and Investors
Public-Private Partnership with Peoria Park District
Samuel Avenue Condos
Peoria Heights,IL
Acquired/Developed: 2020-2022
Asset Type: Mixed Use- Commercial Suite (1st floor) & 16 Residential Condo (2nd, 3rd, & 4th floor)
Units: 17
Development Price: Contact Us
Financial Stack:
Bank Financing, Tax Increment Financing (TIF), Enterprise Zone (EZ), and Investors
Samuel Avenue Redevelopment 
Peoria Heights,IL
Acquired/Developed: 2018 - ongoing
Asset Type: Residential Redevelopment
Units: 35+
Development Price: Contact Us
Financial Stack:
Bank Financing, Tax Increment Financing (TIF), Enterprise Zone (EZ), and Investors
The Block
Peoria’s Warehouse District, Peoria, IL
Redeveloped: 2018 - Future Phases in Progress
Asset Type: Multi-Tenant Multi-Phase Commercial
Phase: 1-3 complete & 4-5 in progress
Development Price: $5.95M (all phases completed to-date)
Financial Stack: Bank Financing, Tax Increment Financing (TIF), Rivers Edge Redevelopment Zone (RERZ), Investors, and Owner Investment
4500 Prospect
Peoria Heights,IL
Acquired/Developed: 2017- 2018
Asset Type: Multi-Tenant Commercial
Units: 7
Development Price: $5.62M
Financial Stack:
Bank Financing, SBA, Tax Increment Financing (TIF), Enterprise Zone (EZ), Business Development District (BDD), and Owner Investment
Cooperage 214
Peoria’s Warehouse District, Peoria, IL
Acquired: 2015 - 2016
Asset Type: Mixed Use - Commercial Suite (1st floor) & 18 Residential Apartments (2nd & 3rd floor)
Units: 19
Purchase Price: $5.922M
Financial Stack: Bank Financing, City of Peoria Macro Loan, Historic Tax Credits (State & Federal), Tax Increment Financing (TIF), Rivers Edge Redevelopment Zone (RERZ), Investors, and Owner Investment
Trefzger's
Peoria Heights, IL
Acquired: 2015-2016
Asset Type: Multi-Tenant Commercial
Units: 6
Purchase Price: $5.25M
Financial Stack:
Bank Financing, SBA 504, County of Peoria Macro Loan, Historical Tax Credits, Tax Increment Financing (TIF) Bond, Special Service Area (SSA), Business Development District (BDD), Investors, and Owner Investment
