Stephen B. Friedman Receives 2013 James Felt Creative Counseling Award

Stephen B. Friedman, CRE, received the 2013 James Felt Creative Counseling Award for his work as development advisor to the City of Park Ridge, Illinois from 2002 to 2011 on part of the city’s Uptown Master Plan, known as the Bredemann/Reservoir Area. Friedman’s advisory services resulted in the development of the Shops and Residences of Uptown. Working closely with the city leaders at the time, Friedman achieved consensus regarding a development concept that balanced community goals, economic feasibility and the physical capacity of the site. He then managed a developer solicitation process, evaluated development proposals, assessed economic feasibility and developer return, and was part of the team that negotiated the terms of a redevelopment agreement with the developer.