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ABOUT THRIVE EXCHANGE

Development Initiative

Thrive Exchange is a transformative, $100 million community investment at 79th Street and
Exchange Avenue led by Thrive Exchange Partners - DL3 Realty, Chicago Family Health 
Center, NHS Chicago, and Revere Properties. As a nominee competing for the $10 Million Chicago Prize award, this equitable transit-oriented development project is designed to address three critical needs in our community: access to health care, quality affordable housing, and financial stability. Led by experienced partners with deep roots in the community, Thrive Exchange is composed of luxury workforce housing, new retail businesses, and a new state-of-the-art health care center. The first phase of this project was selected by the City of Chicago through an INVEST South/West competitive funding award in 2021. If awarded Pritzker Traubert Foundation’s Chicago Prize, the Prize would help fund the development of a health care center, additional housing and retail space helping to create a ripple effect throughout the community.

Thrive Exchange will REIMAGINE, REVITALIZE, and REINVEST in South Shore and South Chicago.
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INVEST SOUTH/WEST AWARD WINNER!

© 2022 KOO LLC

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PROJECT IMPACT

New 20,000 SF healthcare center serving 15,000+ patients per year
150+ permanent jobs 
50+
high-quality health care jobs
50+
retail, property management, & entrepreneurship
300+ construction jobs
76 new luxury workforce apartments and 24 new for-sale condominiums
New restaurants and shops that will enliven the street 
Homeownership and financial counseling, personal health, and illness prevention

© 2022 JOHNSON & LEE

THRIVE EXCHANGE PARTNERS

Sherry Pace, MBA
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Chief Executive Officer

 Chicago Family Health Center 

Leon I. Walker, Esq.
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Managing Principal

DL3 Realty

Anthony Simpkins
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President and Chief Executive Officer 

Neighborhood Housing Services of Chicago, Inc.

Lee Reid, Jr., AIA, CCS
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President

Revere Properties

DEVELOPMENT TEAM

Tania Kadakia
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Director of Partnerships & Residential Investments

DL3 Realty

Alex Sparhawk, Esq.
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Director of Acquisitions and Development

DL3 Realty

J. Andrew Stables
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Development Associate
DL3 Realty

Dr. Barrett Hatches
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Consultant

Chicago Family Health Center

Sandra Flores
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Development Director

Chicago Family Health Center

Bill Jones
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Consultant

Chicago Family Health Center

NEW MEDIA STORIES

Pritzker Traubert Foundation Chicago Prize 2022

Chicago Prize 2022 Finalists

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The South Side Drive Magazine

Special Thrive Exchange Edition

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PARTNERS

Contact
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