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Mark Sutherland and Alexander Pearsall

by Chicago Agent

Principles – Sutherland Pearsall Development Corp.

Background:
Mark Sutherland began his career in real estate in the early 1990s. He initially started out buying, rehabbing and selling a number of HUD houses part time and at night, while at the same time working in a sales position. Sutherland then began working for a general contractor and eventually started developing buildings from the ground up.

Alex Pearsall, who at the time was managing a popular Chicago restaurant, was simultaneously completing the second renovation of his own home. He found that he enjoyed the renovation work more than his day job and became hooked. When he and Sutherland were introduced by a mutual friend, both were ready to make real estate their primary career focus. In 1995, they formed Sutherland Pearsall Development Corp.

Today, Sutherland Pearsall is a residential developer and general contractor specializing in both low-rise and high-rise condominium buildings, townhomes and single-family homes in Chicago. They have done a number of historic renovations and have won several awards from Chicago Landmarks.

Current Projects:
550 St. Clair – 550 St. Clair is a luxury high-rise overlooking Michigan Avenue in Streeterville. It features high-end condominiums ranging in size from 515-square-foot studios to 3,000-square- foot penthouses. Prices range from $300,000 to just under $2,000,000. With private balconies, floor-to-ceiling windows, hardwood flooring throughout and lofty 10- and 11-foot ceilings, the 26-story luxury complex is designed to be both modern and comfortable. The location affords easy access to many Chicago restaurants and shops. Building amenities include a state-of-the-art fitness center, sauna and indoor lap pool.

533 N. St. Clair – 533 N. St. Clair is a 624-room hotel, also in Streeterville. This project gives the comany the opportunity to expand its influence into the arena of the hospitality business.

Recently Completed Projects:
Grand on Grand – A 28-story, 111-unit condominium project in River North on the northwest corner of Grand and Wells. Units in this building sold for between $250,000 to nearly $2,000,000.

4537 S. Drexel – A 59-unit soft loft conversion of a 7-story former nursing home in the North Kenwood/Oakland neighborhood. Units in this development ranged in price from $135,000 to over $300,000.

Interests/Activities:
When not busy working on business ventures, Pearsall enjoys spending time at his farm in Wisconsin with his family. Sutherland enjoys traveling, the arts and spending time with his family and friends.

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