Real Estate Development

CRG’s real estate development team is backed by decades of investment experience, design knowledge, and construction expertise. The team has collectively executed over $1 billion in transactions and delivered more than 5,000 units across the Midwest and beyond. We leverage CRG’s extensive history of managing complicated construction projects and executing complex real estate transactions as part of our long-term investment strategy of developing sustainable multifamily and mixed-use communities that not only inspire residents and enhance their surrounding environments, but also generate superior risk-adjusted returns for our investors. We create value for all stakeholders through collaborative planning, a thoughtful market-based approach to design, creative financial structuring, and an efficient development process.

Leadership

Christopher Reid

CHIEF EXECUTIVE OFFICER

Dave Powers

PRESIDENT

David George

VP OF DEVELOPMENT

John Lassaux

DIRECTOR OF DEVELOPMENT

Ross Merder

DIRECTOR OF DEVELOPMENT

Tim Roberts

DIRECTOR OF PRE-CONSTRUCTION

Grant Chapman

DIRECTOR OF LEGAL & PARTNERSHIPS

Featured

Real Estate Projects

NICKEL PLATE STATION

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Description

CRG Residential has broken ground and construction is currently underway for the newest apartment community in downtown Fishers. Nickel Plate Station will contain 237 apartment homes, 10,500 square feet of retail space and a 337-space parking garage with public and private spaces. In addition to the two new apartment buildings, CRG will rehabilitate the historic buildings already in place along 116th Street and incorporate the original architecture into this new neighborhood. By blending the old structures with the new, CRG along with their partners on the project Browning Investments of Indianapolis hope to present a modernized upgrade while honoring the city’s foundations.

Location

Fishers, IN

Project Type & Details

237 units
Expected completion date: 2022
Scope: New Construction, Development

ACADEMY ON 4TH APARTMENTS

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Description

The $37 million project in Newport, KY opened in the summer of 2020. CRG Residential took remnants of the existing Newport Academy, an old elementary school site, and has built a brand-new mixed-use development with 202 luxury apartments and 3,000 square feet of retail space. Residents will be able to enjoy living in walking distance to the lively downtown community of Newport and just across the river from Cincinnati. The modern apartments come with stainless steel appliances, granite countertops, private balconies, and a 206-space parking garage for convenience.

Location

Newport, KY

Project Type & Details

202 units
Completed 2020
Scope: New Construction, Development

POST HOUSE COMMUNITY

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Description

Post House is a brand-new sustainable luxury community in the heart of Evansville that opened in June 2020. Not only are there 144 top-of-the-line apartments but the community is home to 16,000 square feet of retail space. The development offers a full slate of amenities including pool on the second floor, underground garage parking, pet spa, coffee bar, and fitness center. Residents will also be participating in a green technology initiative, including solar panels and units that are equipped with smart appliances, lighting, HVAC, water heaters and thermostats.

Location

Evansville, IN

Project Type & Details

144 apartments
Completed 2020
Scope: New Construction, Development

Christopher Reid

Chief Executive Officer

Chris Reid has been involved in the construction industry throughout his entire career and has grown his organization into an industry leader in the real estate development, construction, and multifamily renovation space across the Eastern United States. As CEO, Chris is responsible for the firm’s strategy, organizational structure, and construction operations. Chris blends years of experience and creativity to enhance the design and value engineering process, and provides a steady hand to ensure the firm consistently executes on its commitments. He is regularly involved in the review of construction design and scheduling details for major projects.

Dave Powers

President

Dave Powers began his career with CRG as the Chief Financial Officer and served in that role for seven years before transitioning to President. As President, Dave is responsible for the oversight of CRG’s real estate development operations, asset management and capital markets activities, as well as CRG’s corporate operations. Prior to joining the CRG team, Dave was Vice President of Finance for PulteGroup Inc., a national, publicly-traded homebuilder. Dave earned his bachelor’s degree in Finance from Miami University and his MBA from Indiana University’s Kelley School of Business.

David George

VICE PRESIDENT OF DEVELOPMENT

David George leads the Development division and plays a crucial role in negotiating public-private partnerships and managing development efforts at CRG Residential. David previously served as an elected member of the City Council of Fishers, IN, a suburban community of 100,000 residents from 2003-2022. His experience in real estate development and engineering spans the country from Washington to North Carolina.

John Lassaux

DIRECTOR OF DEVELOPMENT

John Lassaux focuses on sourcing new multifamily development and investment opportunities as a Director of Development for CRG Residential. He leads the process from site selection and design through lease up and stabilization. In addition to completing both urban-infill and suburban multifamily development projects prior to joining CRG Residential, John also brings a strong background of understanding the capital markets sector and the ability to structure strategic partnerships for projects.

Ross Merder

DIRECTOR OF DEVELOPMENT

Ross Merder serves as a Director of Development for CRG Residential with a primary focus on deal sourcing, planning, entitlement, financial analysis, and overall management of the development process from inception to stabilization. Prior to joining the organization, Ross was a Development Director with Herman & Kittle Properties.

Tim Roberts

DIRECTOR OF PRE-CONSTRUCTION

Tim Roberts oversees the Pre-Construction division at CRG Residential, focusing on planning, drawing, and budgeting for new multifamily developments, both garden style and mixed-used. Prior to joining CRG Residential, Tim was responsible for millions of dollars’ worth of new construction in the Indianapolis region.

Grant Chapman

DIRECTOR OF LEGAL & PARTNERSHIPS

Grant Chapman serves as the Director of Legal & Partnerships, helping to cultivate the firm’s approach to equity markets and joint venture relationships for the development of multifamily and mixed-use commercial real estate projects and to oversee the company’s legal affairs. Prior to joining CRG Residential, Grant was the Vice President of Investments and General Counsel for Old Town Companies and previously served as Counsel for Scannell Properties.

Real Estate Development