Albert M. Friedman
Albert M. Friedman is an American businessman and real estate developer. He is Chairman and CEO of Friedman Properties that he founded in 1970.
Overview[edit]
Albert Friedman’s work in the City of Chicago is a reflection of his roots within it. He was born and raised in West Rogers Park. At age ten, he began shadowing his father, Julius Friedman, who was a hotelier, real estate broker, and Commander of the John J. Flannery VFW post.[1]
Friedman founded Friedman Properties in 1970. In 1976, Gordon Sinclair, a public relations executive, showed Friedman what potential lay dormant within the North Side neighborhood.[2] Friedman then focused on redeveloping and integrating buildings near what was known as Skid Row near the North Side. Artisans and creatives were also drawn to the area, largely due to the endurance of the Merchandise Mart as all other furniture marts were languishing. Residential development took off in the late 1980s as Friedman began leasing conversional loft space as offices, marrying tourism, residences, and businesses in the area. Soon the neighborhood began restoring itself on its own as young people gravitated to the area due to the opening of the East Bank Club.
Friedman, after assisting with renaming the neighborhood as River North in 1974, was dubbed the “Mayor of River North” for his services to the neighborhood’s development.[3] He was appointed member of Chicago Landmarks Commission by Chicago’s Mayor, Richard M. Daley, to contribute to the Commission on Chicago Landmarks. He later became Chairman of the City of Chicago Landmarks Commission.[4] [5] In 1995, Friedman was named “Preservationist of the Year” by the Landmarks Preservation Council of Illinois.[6]
In 2001, Friedman developed Medinah Temple and Tree Studios and entered into a landmark agreement with the City and State to save the entire historic city block that faced imminent demolition.[7][8][9]
Today, Friedman Properties owns and manages 38 properties throughout the Chicago area.[10][11][12] Friedman is a member of the Greater North Michigan Avenue Association, the Chicagoland Chamber of Commerce, and the past president of the Chicago Convention and Tourism Bureau and the Chair of the Chicago Workforce Board.[13] He also serves on the Executive Committee for the Northwestern Memorial Foundations’ Board of Director and is the Honorary Chairman for Big Green, a national nonprofit dedicated to building a healthier future for kids across America.
Friedman’s passion for the City of Chicago and deep community roots are shared by his wife, Suzanne, their son, Jason, and his family and their daughter, Julie, and her family.[14]
References[edit]
- ↑ Zekas, Joe. "How Al Friedman helped create River North". Yo Chicago. Retrieved 18 November 2020.
- ↑ Tamny, Elizabeth. "A Chef's Family Tree". Reader. Retrieved 18 November 2020.
- ↑ "Mayor of River North' buys Mesirow Financial's HQ". Crain's Business Chicago.
- ↑ Blackman, Joni Hirsch (September 2017). This Used to Be Chicago. Reedy Press LLC. ISBN 978-1-68106-091-0. Search this book on
- ↑ Critic, Blair Kamin. "BALLPARK EXHIBIT HOPES FOR A HIT". Chicago Tribune. Retrieved 18 November 2020.
- ↑ Critic, Blair Kamin. "BALLPARK EXHIBIT HOPES FOR A HIT". Chicago Tribune. Retrieved 18 November 2020.
- ↑ Ori, Ryan. "Landmark Medinah Temple to be redeveloped — again — by 'mayor of River North". Retrieved 18 November 2020.
- ↑ Rozhon, Tracie. "Bloomingdale's Chicago Experiment". New York Times. Retrieved 18 November 2020.
- ↑ "River North landlord buys soon-to-be-empty Medinah Temple". Crain's Business Chicago. Retrieved 18 November 2020.
- ↑ "River North landlord buys soon-to-be-empty Medinah Temple". Crain's Business Chicago. Retrieved 18 November 2020.
- ↑ Vettel, Phil. "Whether a restaurant survives the pandemic could depend on an uneasy dance with the landlord". Chicago Tribune. Retrieved 18 November 2020.
- ↑ Assaf-Lynn, Roxane. "Man Who Put River North on the Chicago Map Developer Albert Friedman". Huffpost. Retrieved 18 November 2020.
- ↑ "Who's Who - Albert M. Friedman". Crain's Business Chicago. Retrieved 18 November 2020.
- ↑ "Albert M. Friedman". Friedman Properties. Retrieved 31 March 2021.
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