CRS Real Estate Development

Traditional development relies on coordination among multiple specialists. While each discipline provides essential expertise, meaningful progress often depends on sequential reviews, feedback, and redesign.

CRS provides integrated development leadership through the comprehensive understanding of an experienced developer. That experience spans entitlement strategy, including public financial incentives where appropriate; initial site and building design development; and capital structuring, financial modeling, and preliminary project budgeting.

Few individuals have the breadth of experience required to personally perform these critical early-stage development functions. By evaluating regulatory, physical, and financial considerations together from the outset, development strategies are tested, refined, and coordinated before the project is transitioned to architects, engineers, and other specialized professionals.

The result is more informed iterations. More alternatives can be explored in less time and with lower predevelopment investment, increasing the likelihood of identifying the strongest development solution—or recognizing earlier when an opportunity does not justify further investment.

Chase Sorrick has more than two decades of experience leading complex mixed-use, multifamily, commercial, adaptive reuse, and public-private developments. His experience extends beyond leading and preforming the tasks of any single discipline.

Most development team members or advisory remains discipline specific.

Zoning consultants focus on approvals.
Designers focus on form.
Analysts focus on underwriting.

Construction Performance, Leasing Velocity, and Stabilized Returns are shaped early in the development process.

Entitlement decisions influences design.
Design decisions influences capital requirements.
Capital decisions influences project feasibility.

Most development teams ultimately align these disciplines. The difference is how they get there.

CRS accelerates that process by evaluating regulatory, physical, and financial considerations simultaneously, allowing development strategies to evolve more rapidly, revealing opportunities, constraints, and tradeoffs sooner. More informed decisions produce stronger projects—and identify opportunities that should be abandoned before additional time and capital are invested.

Latitude - Champaign, Illinois

324 Units - 18,230 SF Commercial

“The City of Champaign has had the pleasure of working directly with Mr. Chase Sorrick during his leadership of the Latitude project on University Avenue. During that process, Chase exhibited a strong understanding of the various approval processes and a desire to work with the City and surrounding neighborhoods in a collaborative manner to arrive at the best outcome for all parties. When the surrounding neighborhood raised concerns about the impacts of the project on their community, Chase conducted his own neighborhood meetings with the residents to better understand their concerns. The result was a complete redesign of the project. It was this thoughtfulness of the community’s concerns that resulted in numerous members of the neighborhood speaking before our City Council specifically about Chase’s willingness to listen. Many from the podium referred to him a trusted friend and many Council Members went out of their way to thank Chase and his team for listening. In our experience, this is the exception and the not the rule when working on major redevelopments. Overall, we have valued the commitment to the community by Chase and his team and look forward to working with him again on a future project.”

T.J. Blakeman, Senior Planner for Economic Development, City of Champaign

Village Promenade - Muncie, Indiana

266 Units - 22,930 SF Commercial

“Chase showed an impressive ability to lead the entitlement process, preliminary design work, and financial analysis during the development of Village Promenade. We were pleased with his willingness to work with both university officials and city leaders to address everyone’s concerns while the project was still in its initial planning phases. The project moved through a difficult entitlement process very smoothly thanks to Chase’s efforts.”

Christopher Palladino, Assistant Director, Capital Planning and Real Estate Management, Ball State University

Integrated Development Leadership

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