Chicago TREND

Chicago businessman launches effort for community-owned shopping mall in Roseland "You want people to have an ownership stake as the neighborhood gets stronger," said Lyneir Richardson, co-founder and CEO of Chicago TREND.

Well done Ryan Wangman. I am elated that you got to talk to one of our investors!! And thank you MyLynda S., father and grandfather for your vote of confidence!!!

“MyLynda Stubblefield, her father and her grandfather each put $1K into the project because they were interested in property investment as a way of building generational wealth, she said. Most of her family grew up in Roseland, and her nephew was born at the hospital across the street from the shopping center.

After reading through the business plan and projected investment returns, she found she liked the plan and the opportunity to invest in a community she has a connection to.

Stubblefield purchased a house two years ago, but this is her first time investing in commercial property.

“Every investment is a risk, but me, my dad and my grandfather feel comfortable that the risk was well worth it,” Stubblefield said.”

An ‘On-Ramp’ To Ownership: Chicago Developer Uses Crowdfunding To Get New Group Of Investors In The Game The Chicago Trend Corp. negotiated a deal to acquire the Roseland Center for $6M and is seeking community investors to take ownership stakes in the property.

Crowdfunding campaign gives Roseland residents a chance to co-own a strip mall A social enterprise firm is recruiting neighbors to invest in projects designed to open up real estate ownership to people in their communities.

Thank you Next City for sharing the shopping center work of The Chicago TREND Corporation.

Our #1 goal for 2023 is clear: raise $30M from institutional investors to empower inclusive ownership of commercial real estate in Black neighborhoods.

Do you know anyone who might be interested in learning more about our strategy? We formed a Fund and have already secured $10 million of program related investment. We are ready to scale.

Community Investors Are Doing What Big Dollar Retail Investors Won’t New advancements in crowdfunding are changing the game for small businesses and commercial real estate projects – like those catalyzed by Chicago TREND. And minority entrepreneurs are taking advantage.

We are getting close to having 100 co-owners.

= WE Own This.

Edmondson Village | Small Change Small Change is an online real estate crowdfunding and investment portal that makes cities better. Turn Small Change into real change.

Edmondson Village crowdfunding drive hits $195K so far - Baltimore Business Journal Chicago TREND, which plans to acquire and overhaul Edmondson Village, is offering stakes in the shopping center for as little as $1,000. The crowdfunding drive closes April 30.

Got a few minutes to listen? Eve has out CEO talking on her Podcast…

“We Own This. That’s what Lyneir wants every one of his neighbors to be able to say.

Lyneir is inviting 1,000 small investors to co-own as many as sixteen community shopping centers with his company, Chicago TREND. Last year he launched this process with a listing on SmallChange (dot) co for a shopping center called Walbrook Junction. Today, 130 small investors co-own that shopping center with Chicago TREND.

There are plenty more to come.

To accomplish this extraordinary goal, Lyneir and his team have developed a rigorous set of criteria for finding and buying shopping centers in majority Black Demographics that are on the cusp of change, and which offer added value over time. His plan is to empower Black entrepreneurs and community residents to have a meaningful ownership stake in both commercial corridors and Black shopping districts.

Big ideas yield big results. Listen in to hear more.”

Lyneir Richardson. We Own This. Lyneir Richardson is working to empower entrepreneurs and strengthen economic conditions in urban and underserved areas across the U.S.

Our OpEd was published in the Baltimore Sun newspaper. Sharing the link to the PDF opens (becuase the link to the actual article is behind a paywall).

2-16-23 BALTIMORE SUN - ev-rr-village-shopping-investment-letter-20230215-cr6denpouvemzohjyuufpxmnge-story-html.pdf

https://www.smallchange.co/projects/Edmondson-Village

We launched the Edmondson Village Shopping Center project on the Small Change platform.

We are excited about the positive impact that this redevelopment will have on the neighborhood and in the City of Baltimore. We have some ambitious plans.

The Chicago TREND Corporation is investing $1M+ and we are creating an opportunity for local residents, Black entrepreneurs and other impact investors to have an equity stake in the project with us.

We are inviting out friends to consider being an early investor with me. It is an important project to stand up during Black History Month.

And please share this with your network! Thank you.

https://www.smallchange.co/projects/Edmondson-Village

Edmondson Village | Small Change Small Change is an online real estate crowdfunding and investment portal that makes cities better. Turn Small Change into real change.

A new business serving the community. Stop by and support this Black entrepreneur and see out 100% leased shopping center.

Do you listen to podcasts?

Sharing how Chicago TREND is working hard to close the racial wealth gaps in the United States. Tune in to the Moving the Needle Podcast with Christopher Gergen Gergen and Johnathan M. Holifield Holifield on any podcast app. Here is the link.

at https://lnkd.in/ep-FfVpU.

"

The Chicago TREND Corporation

Moving the Needle Highlighting innovators doing needle moving s**t to create generational wealth and inclusive competitiveness. Communities worldwide are at an inflection point. In the devastating wake of COVID, there are unparalleled opportunities to move the needle on realizing truly inclusive prosperity, fueled by...

Can’t wait to see Pete’s in Bronzeville.

A Bronzeville Pete's Fresh Market In The Works Since 2018 Could Finally Break Ground This Year, Developers Say Ald. Pat Dowell and a developer have wanted to bring Pete's to the former Stateway Gardens site for years. Pandemic-related problems stalled the project, but the development team is finally moving forward.

Fresh and so clean.

Community health and wealth.

Lyneir Richardson, Chief Executive Officer, TREND Walbrook Junction Investors, explained, “We purchased the shopping center as a purposeful real estate investment to provide members of the community with the opportunity for an ownership stake in a Black commercial corridor.” He added, “Ownership provides an opportunity to create wealth.” Through a crowd funding platform, 130 members of the community invested over $330,000 in Walbrook Junction Shopping Center, for a 49% ownership stake. The wealth of a community can also be measured by its health. “The goal of the Walbrook Junction Health Fair is to improve the health of the community by raising the COVID-19 vaccination rates thereby protecting the vulnerable members of the community,” concluded Mr. Richardson.

Free Pizza!!!

And when is the last time you had an old school snow ball on a hot day?!

Exciting to be doing our part to
Increase the vaccination rate of residents in our communty.


I’m worried about the disparate impacts that the delta variant could have on some parts of the city compared to others,” said Baltimore City Health Commissioner Dr. Letitia Dzirasa during a Monday news conference where she highlighted city ZIP codes with as many as 70% of residents are unvaccinated”

Less than 10 mins of your time can help us get data needed to determine if Black-owned businesses are getting capital from the big corporations who made racial justice pledges.

Asking you to please complete a simple survey. Here is the link:

https://lnkd.in/dCYheG3s

Commentary: It's not too late for Corporate America to honor its racial justice pledges Companies have fallen far short on their promised $50 billion, but they can still make good in ways that are thoughtful and impactful.

PLEASE JOIN US at Butterfield Plaza on Wednesday, August 4th ,at11am. Learn more about Rich Township Life Skills Center and their State-Of-The-Art new facility! Free samples of the scrumptious chicken and colossal shrimp from an outstanding Black-owned restaurant – Bebo’s! Get an inside view of how the shopping center has been improved AND a sneak peek at the last available space – great opportunity for a small business owner! Meet leaders from the Village of Olympia Fields, Rich Township and the Southland Development Authority (SDA). Come to 3244 Vollmer Road. ALL ARE WELCOME! PLEASE SHARE!!

Keeana Barber, Michelle Kennedy, Lynette Hutcherson, Zeke Morris, Valerie Lowery, Finders Plus RE Femi Worrill Skanes

Shrimp.
Big. Shrimp.
Colossal Shrimp!

Check out this Black-owned business.

Have you read a “white paper” before? Then please read our Black paper.

It is a call to action. You can help us get more low cost and patient capital to diverse real estate developers working to strengthen communities.

Our “inclusive commercial property ownership” work is presented as a case study. We are aiming to help 3000 Black entrepreneurs, local residents and small impact investors have an ownership stake in neighborhood based “non-amazonable” shopping centers.

We believe that one way we can close the racial wealth gap and address gentrification concerns is to help more people of color own assets (businesses and real estate) that generate revenue and appreciate over time.

Got PRI capital, grants, loan guarantees? Let’s talk soon.

https://drive.google.com/file/d/1vGL6pHQ08GE8OAMk9tv8ErrffOipgmJC/view

ICC_Black_Paper_Real_Estate_14_May_21.pdf

We are lining up capital (human and financial) to grow.

Closing The Racial Wealth Gap Through Community Ownership Of Shopping Centers With the pandemic and its especially heavy toll on people of color, along with protests over racial injustice, Lyneir Richardson readjusted the focus of his company: helping Black communities own local, commercial real estate and have a personal stake in that success.

Exactly 15 months ago, on this day, we acquired our first shopping center. Today, we closed on the purchase of our 4th asset. In each deal, Black entrepreneurs, community residents and impact investors now co-own over $13 million of commercial real estate assets with us. Thank you to our CDFI lenders, investment partners, friends and family, lawyers, brokers, property managers, other professional service providers, and our committed staff.