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This profile was last updated on 5/5/15  and contains information from public web pages and contributions from the ZoomInfo community.

Director of Community Development

MAC Properties
Phone: (773) ***-****  
MAC Property Management Inc
1364 E 53rd Street
Chicago , Illinois 60615
United States

Company Description: We are committed to building better neighborhoods wherever we are, not only for our residents, but for the greater community. At MAC, it is important for us to...   more

Employment History

Board Memberships and Affiliations


  • Carleton College
  • MBA
    The University of Chicago
  • Masters , Urban Planning and Policy
    University of Illinois at Chicago
80 Total References
Web References
Shoreland, 12 Mar 2014 [cached]
To date, just 30% of 106 leasing households have claimed parking, according to MAC's director of community development Peter Cassel, who, along with property manager Kim Kilibarda, led me through the gleaming new Shoreland.
According to Cassel, where deterioration or alteration made that impossible, a restrained juxtaposition of old and new became the goal. This is most evident in glass doorways, floating lobby stairs, contemporary light fixtures, and apartment interiors tailored to a number of specific tastes (the student, the young professional, the teacher, etc.). "There's a tenet in preservation that you don't go faux if original details aren't present," says Cassel.
Antheus Capital and MAC Properties impact: neighbors' discussion, 6 May 2014 [cached]
Update reported at the May 13 2013 TIF meeting: Peter Cassel of Antheus gave an update.
"We were aware that we could not find the elements we needed to run a health club," said Peter Cassel, director of community development for Antheus. When the new owners went downtown to locate and transfer the license, the city could find no history of a license, according to Cassel.
Because these issues could not be brought into compliance within 30 days, the management withdrew its application, according to Cassel.
"We would very much like to continue this activity and understand the hardship of the people who have used this over decades," Cassel said. The Regents Club will be brought up to city standards during a larger renovation of the building's first floor, according to Cassel. He said the fitness center would reapply for the license when construction is complete in the spring of 2013.
"We'd expected to be able to borrow a greater expense of the total costs, but the reality of construction lending these days is that we will not be able to do that," Peter Cassel, director of of Antheus' development arm, told attendees.
The redevelopment of the Village shopping center at the southwest corner of South Lake Park Avenue and East Hyde Park Boulevard remain in early planning stages . Peter Cassel, director of community development for Antheus, said they are not ready to apply for building permits and several tenants have leases they intend to honor. He said the earliest any work could begin on the site is fall 2012 . The plan calls for a residential high-rise and several stories of retail on the property.
Solstice on the Park , a residential high-rise designed by the esteemed Studio Gang Architects, remains stalled. The planned 26-story building at East 56th Street and South Cornell Avenue suffered with many other residential projects during the economic downturn. No work will begin during the summer construction period, according to Cassel.
There are no immediate plans for three gray-stone buildings across South Harper Avenue from the Village site, according to Cassel.
Cassel said rental demand remains strong in Hyde Park and the firm is currently searching for commercial tenants for many of its properties, including the Del Prado and East Park Tower at 5242 S. Hyde Park Blvd.
"We are not raising every MAC unit this year," said Peter Cassel, the MAC director of community development. He noted, however, that "over the course of the next few years, the rent of all units will be increased," except for select units where the rent is tied to residents' incomes based on agreements made with local affordable-housing groups and local government.
These changes stem from a combination of factors, Cassel said, including higher demand for property, improvements made to Hyde Park buildings, and unusually low rent.
"We saw many of the owners of the apartments [previously controlled by K&G] paying more than 25 percent under market price. In those cases when there was a significant difference between the market price and what they were paying, we did not raise anyone's rent more than 15 percent."
"For K&G units, their year started in April, or their year started in August," Cassel said.
While recognizing that maintenance service has been subpar in the past, Cassel said that, "[Now] almost all our work orders are satisfied within a day.
"We recognize that rent increases are difficult for everyone," Cassel said. "It's much the same as we see gas prices gone up, food prices going up. We see local taxes going up. All of those things impact us. we would like to be in a world where there weren't rising costs, but that is not the case," he said.
In the downtown Chicago apartment market, average rental costs have risen more than 10 percent in the last year, following a 13-percent increase in 2006 and prompting Crain's Chicago Business to label this "a good time to be a landlord. With no new units built in Hyde Park in the last decade except for the University's graduate-student housing, demand for units near campus has remained steadily forceful.
Cassel encouraged resident to attend the upcoming public forum at the Hyde Park Neighborhood Club, at which MAC president Eli Ungar will respond to questions and concerns.
Robin Peterson. [Peter Cassel's name has been changed to correct spelling.]
About seventy people showed up at the Hyde Park Neighborhood Club to take part in this conversation, which began with a brief Power Point by MAC Director of Community Development Peter Cassel. In it, he outlined the company's recent success in revamping "uninhabitable" buildings, told its "exciting economic development story" of hiring 130 full-time Chicago employees, and explained recent rent hikes by linking them to the broader picture of condo conversions and the mortgage crisis. Cassel also described Solstice on the Park, a soon-to-be-built condo at 56th and cornell with modern architecture and a number of "environmentally progressive" features.
Wednesday, Peter Cassel, director of community development for MAC, clarified that no final decision had been made about senior housing, but the Del Prado at the corner of South Hyde Park Boulevard and South Hyde Park Boulevard and 53rd Street was one of several properties that has desirable features.
Cassel said Wednesday they were still looking for a pilot building among the 43 eligible.
The orders have been whittled down to 500, and 40 to 50 are processed a day, Cassel said.
Peter Cassel, Antheus representative, said one of the goals Antheus had when designing the Solstice building was to help solve the pick up adn drop off dilemma at Bret Harte. Currently the parents have to pull over on 56th Street and dodge in and out of two-way traffic to get their children to the front door of the school. Based on a rendering..., Antheus plans to repurposes the alley just north of the school that will lead cars to a new one-way drive path specifically created for pick up and drop off. a new playground wil also be built to replace the present play area, which is in a dilapidated state.
Antheus also plans to offer Bret Harte usage of space on the Solstice property. "Eli Ungar, the principal at Antheus, heard that a parent was unable to get upstairs to meet with a teacher for a conference so they had to meet in the alley, which is unacceptable," said Cassel.
Cassel said the school will also receive a new parking lot with 32 spaces on the school grounds and seven covered parking spaces, which is on the Solstice property.
Peter Cassel, spokesman for Antheus, said the company is still in the process of configuring the new plan.
"Although we do not have enough units sold to begin work on the Solstice building, we are interested in making improvements to the school and the school's parking lot without regard for condo marketing and making preparation to the site the Solstice will be built on," Cassel said.
City Hyde Park- After a brief presentation by Peter Cassel (earliest start is fall of 2013 with 2 , the Council voted to give a letter of recommendation and support to the Alderman to committing up to $11 million in funds over remaining years of the new 51st St. TIF to in part fill the funding gap for City Hyde Park.
Peter Cassel, lead spokesman for the team, said that financing and other considerations require the project be done in one phase, with the tall building moved near the Lake Park-E.
The development will still have 120,000 sf retail (a bit more spread out) and on two floors and 350 parking spaces. (There was some concern that the downsizing of apartments leaves this project not contributing rental spaces for large families, who mainly have to buy rather than rent in HPK- Cassel felt this project would make no difference in that).
Cassel explained that for 182 units, 12,000 sf retail and 350 parking spaces (underground), the original financing was $145M cost, $100M being hardcost and was to be in two phases.
Peter Cassel
From the Minutes: Update on 51st and Lake Park development, Village Center: Peter Cassel, Silliman Group, presented a slide show of proposed development for update.
About 400 parking spaces will be housed in a two-level underground garage after potential tenants requested improved accessibility, according to Peter Cassel, director of community development for the Silliman Group.
The project still includes a 10-story residential and retail building on Lake Park Avenue, and a lower strip of retail that stretches down East Hyde Park Boulevard, culminating in a residential tower on the corner of Hyde Park Boulevard and South Harper Avenue. Smaller retailers will be housed along the Harper Avenue side of the development, according to C
HPKCC News and Members Information [cached]
A Hyde Parker You Should Know: Peter Cassel, [then] Executive Director, Hyde Park Neighborhood Club.
Peter Cassel of Antheus Capital, a former Board member, made a presentation to update members and answer questions on the progress of Antheus' rental, retail and development projects in Hyde Park.
Shoreland, 25 Sept 2013 [cached]
Around 100 of the apartments have two bedrooms, 200 have one bedroom and the rest are studios and three-bedroom units, according to Peter Cassel, director of community development for MAC Property Management. All apartments are fitted with washer-dryers and most range from 500 to more than 1000 square feet.
All tenants have access to Internet service that Cassel calls the fastest "residential multi-family" connection in the city, as well as a garage with 130 parking spaces that can accommodate "well over 200" vehicles with the help of stackers and valet service.
"We don't know what the demand [for parking] looks like or what it's going to be," Cassel said.
One of the new building's highlights is its new spacious and sunlit lobby designed by architect Jeanne Gang, which represents a return to the onetime hotel's art deco style, according to Cassel.
"Our conception of the lobby is that this should be a social and dynamic place," Cassel said. "We want people to be out here enjoying the lobby, meeting their neighbors, hosting their friends, seeing this as an extension of their home."
Cassel said the building's Louis XVI Ballroom and Crystal Ballroom - where Hyde Park High School alum Amelia Earthart marked her 1928 transatlantic flight - "will be complete when they have tenants."
According to Cassel, unit rental prices vary: "We work with a price and demand model, so we have daily price changes," Cassel said.
As of Aug. 20, the day of the Herald's interview and tour of the building with Cassel, studios ranged in price from $1,194 to $1,450; 1 bedroom apartments from $1,300 to $1,800; 2 bedroom apartments from $1,800 to $2,500 and 3 bedroom apartments from $3,500 to $3,700.
On Wednesday, the Portland, Maine, ..., 16 Oct 2014 [cached]
On Wednesday, the Portland, Maine, company filed a fair housing complaint with the U.S. Department of Housing and Urban Development against the city of Kansas City, city officials and Peter Cassel of MAC Property Management, Antheus Capital and Silliman Group.
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