Chicago's largest homebuilders - Crain's Chicago Business

CRAIN’S CHICAGO BUSINESS • 2005 BOOK OF LISTS 143
CRAIN’S LIST CHICAGO’S LARGEST HOMEBUILDERS
Ranked by 2003 local revenues*
Fordham Co.
Fordham Co.
Cambridge Homes Inc.
+231.0%
+451.5%
1,557
Kennedy Homes L.P.
MCZ Development Corp.
Neumann Homes Inc.
+58.0%
+56.9%
1,455
Legacy Development Group LLC
Centex Homes
Ryland Homes
+46.9%
+42.9%
1,273
Neumann Homes Inc.
Kennedy Homes L.P.
Concord Homes Inc.
+40.2%
+27.2%
1,124
Kirk Corp.
Enterprise Cos.
Centex Homes
+27.4%
+25.3%
1,000
LARGEST INCREASES IN LOCAL REVENUES
Of the 25 homebuilders on the list, 19 increased local revenues.
No. 13 Fordham Co., which in 2003 sold 80% of the 227 units in
its namesake tower at 25 E. Superior St., led the group with an
increase of 231.0%.
LARGEST INCREASES IN HOUSING UNITS SOLD
Chicago’s largest homebuilders sold a total of 13,268 housing
units in the six-county area in 2003—up 16% from the previous
year. Of the 14 companies that reported increases in housing units
sold, Fordham Co. posted the largest increase—451.5%.
NUMBER OF PERMITS ISSUED
The homebuilders on the list issued a total of 10,138 permits in
2003. No. 1 Cambridge Homes Inc. had the most—1,557.
Neumann Homes Inc., No. 3 on the list, followed with 1,455
permits.
Company
Address/phone/Web address
Head of Chicago office
2003
(in millions)
Local revenues
% change
from 2002
No. of housing units sold
2003 2002
Housing unit
permits
issued
in 2003
No. of local
employees
Major projects
1
2
3
4
5
6
7
8
9
10
11
CAMBRIDGE HOMES INC.
800 S. Milwaukee Ave., Libertyville 60048
(847) 362-9100; www.mycambridgehome.com
CONCORD HOMES INC.
1540 E. Dundee Road, Suite 350, Palatine 60074
(847) 776-0350; www.concordhomes.com
NEUMANN HOMES INC.
4355 Weaver Pkwy., Warrenville 60555
(630) 281-2000; www.neumannhomes.com
RYLAND HOMES
1141 E. Main St. Suite 108, East Dundee 60118
(224) 293-3100; www.ryland.com
AMERICAN INVSCO CORP.
1212 N. LaSalle St., Chicago 60610
(312) 202-0111; www.invsco.com
ENTERPRISE COS.
710 W. Oakdale Ave., Chicago 60657
(773) 348-6900; www.theenterprisecompanies.com
LAKEWOOD HOMES
2700 W. Higgins Road, Suite 100, Hoffman Estates 60195
(847) 884-8800; www.lakewoodhomes.com
MAGELLAN DEVELOPMENT GROUP LTD.
1 W. Superior St., Suite 200, Chicago 60610
(312) 642-8869; www.magellandevelopment.com
PULTE HOMES INC.
2250 Point Blvd., Suite 401, Elgin 60123
(847) 841-3500; www.pulte.com
TOWN & COUNTRY HOMES
1806 S. Highland Ave., Lombard 60148
(630) 953-2222; www.townandcountryhomes.com
KIMBALL HILL HOMES
5999 New Wilke Road, Suite 504, Rolling Meadows 60008
(847) 364-7300; www.kimballhillhomes.com
Richard J. Brown
CEO
Wayne Moretti
President
Kenneth P. Neumann
CEO
Peter G. Skelly
Division president
Nicholas S. Gouletas
Chairman, CEO
Ronald B. Shipka Sr.
Principal
Buz Hoffman
President
Joel M. Carlins
President
Peter Keane
Division president
Thomas Ryan
President, co-CEO
David K. Hill
Chairman, CEO
$394.5
$378.0
$355.5
$308.6
$293.1
$250.6
$247.1
$219.0
$207.4
$200.0
$174.3
+19.5%
+18.1%
+40.2%
+12.3%
+23.2%
+2.8%
+1.9%
-11.3%
NC
+17.6%
-17.9%
1,359
1,308
1,407
1,134
803
539
NA
795
NA
750
781
1,321
1,183
1,333
1,175
712
430
NA
697
NA
NA
655
1,557
1,124
1,455
1,273
NA
240
NA
758
NA
NA
NA
219
293
345
120
248
50
NA
37
NA
NA
144
Carillon Lakes (Crest Hill), Heatherstone
(Beach Park), Tiffany Farms (Antioch)
933 Van Buren (Chicago), Asbury Woods
(Justice), Northbridge (Huntley)
Clublands (Antioch), Prairie Ridge (Minooka),
NeuBerry Ridge (Lockport)
Timber Trails (Gilberts), Willow Walk
(Lockport), Amber Fields (Aurora)
Millennium Centre (Chicago), Delaware Place
on the Park (Chicago), The Sterling (Chicago)
Museum Park (Chicago), River Village
(Chicago), 1 River Place (Chicago)
Grand Haven (Romeoville), Lakewood Mill
(Bartlett), Timber Creek (Naperville)
The Caravel (Chicago), The Lancaster
(Chicago), Grand Plaza (Chicago)
Stratton Oaks (Lake Villa), The Reserve (Elgin),
Forest Ridge (Streamwood)
Liberty Lakes (Wauconda), Southgate Park
(Bolingbrook), Providence (Elgin)
Tower Crossing (Glenview), Foxridge Farms
(Bolingbrook), Fisher Farms (Geneva)
12
LR DEVELOPMENT CO. LLC
350 W. Hubbard St., Chicago 60610
(312) 595-7400; www.lrrealty.com
Thomas O. Weeks
President
$153.0
+2.0%
NA
NA
NA
90
The Pearson (Chicago), 840 Lake Shore Drive
(Chicago), The Belvedere (Chicago)
13
14
CENTEX HOMES
2205 Point Blvd., Elgin 60123
(847) 783-6300; www.centex.com
FORDHAM CO.
4 E. Huron St., Chicago 60611
(312) 587-0900; www.thefordham.com
Dan Star
Division president
Christopher T. Carley
Chairman, CEO
$150.0
$149.6
+20.0%
+231.0%
1,000
182
700
33
1,000
4
140
25
Silverstone Lake (Carpentersville), Hampton
Glen (Plainfield), Prairie Point (Aurora)
The Fordham (Chicago), 65 E. Goethe
(Chicago)
Originally published: Feb. 2, 2004
Research Cook County property transfers
from ChicagoBusiness.com/realestate.
Continued on Page 144

144 2005 BOOK OF LISTS • CRAIN’S CHICAGO BUSINESS
CHICAGO’S LARGEST HOMEBUILDERS Continued from Page 143
15
16
17
18
19
20
21
22
23
24
25
Company
Address/phone/Web address
KIRK CORP.
201 Juniper Circle, Streamwood 60107
(630) 830-8300; www.kirkhomes.com
PASQUINELLI INC.
535 Plainfield Road, Suite E, Willowbrook 60527
(630) 325-4500; www.pasquinelli.com
HARTZ CONSTRUCTION
9026 Heritage Pkwy., Woodridge 60517
(630) 228-3800; www.hartzhomes.com
KB HOME 1
100 Lexington Drive, Suite 100, Buffalo Grove 60089
(847) 537-9191; www.kbhome.com
KENNEDY HOMES L.P.
14 Executive Court, South Barrington 60010
(847) 756-2100; www.kennedyhomebuilders.com
WISEMAN-HUGHES ENTERPRISES INC.
975 E. 22nd St., Wheaton 60187
(630) 653-0500; www.wisemanhughes.com
LEGACY DEVELOPMENT GROUP LLC
27 E. Monroe St., Chicago 60603
(312) 332-4567; www.legacydeveloper.com
WILLIAM RYAN HOMES
945 N. Plum Grove Road, Schaumburg 60173
(847) 995-8700; www.williamryanhomes.com
MCZ DEVELOPMENT CORP.
1555 N. Sheffield Ave., Chicago 60622
(312) 573-1122; www.mczdevelopment.com
MONTALBANO BUILDERS INC.
2208 Midwest Road, Oak Brook 60523
(630) 571-8877; www.montalbanohomes.com
MCL COS.
455 E. Illinois St., Suite 565, Chicago 60611
(312) 321-8900; www.mclcompanies.com
Head of Chicago office
John Carroll
President, CEO
Anthony Pasquinelli
Manager
Donald Hartz
President
Mark Rodocker
Senior vice-president
William W. Kennedy
President
James P. Hughes Sr.
CEO
Warren Barr
William Warman
Managing partners
William J. Ryan
CEO
Michael Lerner
President
Anthony Montalbano
President, CEO
Daniel E. McLean
President
2003
(in millions)
$138.4
$131.0
$125.7
$115.0
$110.0
$109.4
$102.2
$101.3
$97.5
$95.6
$87.8
Local revenues
No. of housing units sold
Major projects
*In the six-county Chicago area: Cook, DuPage, Will, Lake, McHenry and Kane counties. NA: Not available. NC: No change. NM: Not measurable. : CRAIN’S estimate. 1. Acquired Zale Homes 9/03. 2. Company estimate.
Research by Katrina Fenrick and Marie Pospichal
% change
from 2002
+27.4%
+13.4%
+3.0%
NM
+58.0%
+7.3%
+46.9%
NC
+7.1%
+16.9%
-57.0%
2003
431
572
NA
NA
528
460
265
NA
400
464
NA
2002
529
509
NA
NA
415
420
279
NA
255
382
308
Housing unit
permits
issued
in 2003
388
581
NA
NA
425
390
344
NA
NA
440
159 2
No. of local
employees
113
162
NA
66
107
79
25
NA
150
110
82
Georgian Place at Wing Pointe (Huntley),
Bloomfield West (Bolingbrook), Creekside
(Streamwood)
Huntercrest at Grande Park (Plainfield),
Fieldstone (Romeoville)
Avanti Place (Addison), Lancaster Square
(Lombard), Amberwood (Addison)
Bayhill at Gregg’s Landing (Vernon Hills), Bay
Tree (Vernon Hills), Oakmont at Gregg’s
Landing (Vernon Hills)
Fairfield Way of Montgomery (Montgomery),
Riverside Hollow (McHenry), Blackberry Creek
(Elburn)
Tuttle Estates (Plainfield), Legacy Fields
(Aurora), Mirador (North Aurora)
41 E. 8th (Chicago), Lakeside on the Park
(Chicago), Prairie District Homes (Chicago)
Park Ridge Estates (McHenry), Pines of
Lakemoor, Pheasant Ridge (Plainfield)
University Village (Chicago), 333 S. Des Plaines
(Chicago), Clinton Complex (Chicago)
Victoria Crossings (Lockport), Clearwater
Springs (Plainfield), Oak Creek Estates
(Algonquin)
Old Town Village (Chicago), RiverView
(Chicago)