A skilled real estate executive in Chicago, David Trandel has worked on some of the state’s finest developments and possesses more than two decades of capital markets, securities industry, and investment banking experience. David Trandel serves as the chairman and CEO of Springbank Capital Advisors in Chicago, which undersaw development for the Arlington Downs in Arlington Heights, Illinois.
Arlington Downs consists of a $300-million, mixed-used development that spans 27 acres. The site formerly housed the Sheridan Hotel, which was converted into a luxury 214-unit apartment tower during phase I of the project; additionally, the tower is the location for a 12,000-square-foot co-working operation. Development for phase I was completed in 2015, enabling developers to begin work on phase II. This phase included the construction of multiple retail components that include a dine-in luxury cinema bistro, a limited service hotel, and a climbing wall/health club. Development for phase III is underway and includes approximately 263 luxury apartment units and 329 structured parking spaces.
