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Cover Story RDM DEVELOPMENT:
STANDING THE TEST OF TIME
Chicagoland Avenues Magazine

RDM Development has made its mark in the Chicago residential market with a diverse array of homes, ranging from cutting-edge high-rise developments to luxurious townhomes and single-family homes. Founded by Robert Mosky and Albert Kocemba 20 years ago, the company’s history of condominium-conversion and new-construction development totals property values of nearly $1 billion.

Having completed literally dozens of successful development projects ranging from adaptive-reuse and condominium-conversion through new construction of high-rise buildings, RDM has earned a reputation for conceiving, building and delivering exceptional homes.

Over the past decade, RDM Development has contributed to the Chicago market a carefully balanced mix of condominium, townhome and retail developments. Each project has been meticulously designed to add life and vibrancy to the thriving Chicago neighborhoods in which they reside, increasing visual appeal for homeowners and passersby. RDM Development prides itself on creating homes that will stand the test of time. “Albert and I have a shared enthusiasm for finding diamonds in the rough and enhancing them to their greatest potential,” said Robert Mosky, president of RDM Development. “Many properties that are under-utilized in their current form can be enhanced both by upgrading the infrastructure so that it can withstand the test of time, and by upgrading the aesthetics of the building to complement the neighborhood and meet the needs of homebuyers.”

“…it’s modern luxury at a truly incredible price.”
—Robert Mosky, President, RDM Development

Comprising a family of companies that provide key services including construction, architectural design and mortgage financing allows the company to operate with superior efficiency and pass savings onto their customers.

RDM Development has earned a reputation for enhancing properties in ways that retain their architectural integrity and charm, thus creating developments that integrate seamlessly into even the most well-established neighborhoods. A team of highly skilled engineers, architects and designers are involved each step of the way, ensuring that each RDM home utilizes the latest technologies and is of the very highest quality. “Because Albert is an engineer, we are extremely detail-oriented when it comes to construction,” Mosky said. “We’re fortunate to be able to control the construction on each project, and are meticulous in our review of each and every detail. We have an entire team of engineers, architects and designers that travels the U.S. and Europe assessing new product lines so that we can bring our customers the highest quality at the best value.”

1400 Lake Shore Drive is a landmark vintage property with extraordinary views of Lake Michigan and the Chicago skyline. Located on Chicago’s prestigious Lake Shore Drive between the Oak Street and North Avenue beaches, the 22-story, 398-unit, vintage lakefront high-rise, built in 1927 by architects Hooper & Janusch, is now being converted to condominium residences by RDM Development. One-, two- and three-bedroom homes are available with vintage detailing and spectacular vistas of the city’s most notable attractions—at prices that appeal to first-time as well as move-up homebuyers.

“1400 Lake Shore Drive is an outstanding property with beautiful, old-world detailing located in one of the city’s finest locations,” said Mosky. “We’re thrilled to be able to offer lakefront living in the heart of the Gold Coast at entry-level pricing.”

“There will never be another project in this location at this price point in Chicago,” said Matt Garrison of Coldwell Banker’s Matt Garrison Group, the exclusive marketing agent for RDM Development. “We’re putting over $30,000 per unit into the mechanical infrastructure of this building, and we will be rolling out incredible upgrade packages in the spring. We have pre-sold almost 40 percent of this project at an incredibly fast pace, and it’s really just a function of providing the best value in the best location in Chicago.”

“1400 Lake Shore Drive is an outstanding property with beautiful, old-world detailing located in one of the city’s finest locations.”
—Robert Mosky, President, RDM Development

In addition to its premier location, 1400 Lake Shore Drive offers homeowners a wide array of first-class amenities, such as a 2,500-square-foot fitness center, party room, a 24-hour doorman, dry cleaner and laundry pick-up/drop off, convenience market, beauty salon, and rooftop deck with gas grills, whirlpool and lounge area. World-class restaurants, Oak Street shopping and the central business district are all just a stroll away. A lavish European-style lobby greets all who enter with fresco ceilings, marble floors, French walnut-paneled craftsmanship and classical furniture.

An estimated $12 million in improvements are planned for the building, including new wood paneling and marble flooring in the elevator lobbies, new carpeting and lighting in the hallways, new windows, electrical and plumbing upgrades, new boiler and new communications wiring. Pricing for lakefront homes begins at $139,900.

Trio is RDM’s latest cutting-edge new-construction development, located at 650 W. Wayman Street in Chicago’s hot Fulton River District. One high-rise tower and two mid-rise structures comprise 209 one- to two-bedroom units, all featuring contemporary European design, floor-to-ceiling windows, granite kitchens, designer finishes, unique baths with slate flooring, and private terraces. The buildings are connected with lush courtyards and park-like rooftop decks, and are within walking distance to eclectic dining, art galleries and boutique shopping. Even with all these first-rate amenities, Mosky said the residences at Trio are accessible even to the first-time homebuyer—“it’s modern luxury at a truly incredible price.” Garrison said, “Trio offers cutting-edge contemporary design and finishes generally only found at the luxury price point. We have designed this project to strike a balance between style and value, and we’ve done it in a very creative way that hasn’t been done before.” Prices at Trio begin at $199,900.

RDM Development is also excited about their upcoming north-suburban project, The Terrace of Elk Grove Village, a community of eight boutique buildings in a park-like setting offering 427 condominium residences. Homes there will feature one or two bedrooms and will include a private balcony or patio, new carpeting, new paint, a modern kitchen appliance package, separate dining room and high-speed internet. RDM Development will also be enhancing the property with newly designed lobbies and entryways, and updated hallways. Common amenities include a spectacular pool with expansive sundeck, clubhouse with billiards room, brand-new fitness center, and cutting-edge business center.

“The Terrace of Elk Grove Village is a prime property with nicely renovated units and fantastic amenities close to Chicago, major expressways and O’Hare,” said Garrison. “The economics of the deal are such that we are able to offer these condominium homes at a value that is 10 to 15 percent below the market. We expect to see units sell incredibly fast.”

The Terrace of Elk Grove Village is located in a lovely neighborhood setting near parks and schools, and is just minutes from Woodfield Mall, O’Hare International Airport and the area’s major roadways. Pre-sales will begin mid-November 2005.

As a builder with a full suite of concierge services, RDM takes accountability for all aspects of the homebuying experience, from general contracting and design through marketing, finance, management and after-market services. “In every project we undertake, Albert and I are committed to adding value to both the end-buyer and the neighborhood. We would always choose to sacrifice profit over quality.” Mosky said. Prospective buyers can purchase a home from RDM with the confidence that comes from RDM’s track record of satisfied homebuyers.