Nick DeGregorio and Michael McLean, Jr.: Leadership, Trust, and Building Communities

Real Estate Moguls

Michael McLean, Jr. has spent his career redefining what it means to be a real estate developer. As the managing partner of Condor Partners, he isn’t content to simply build spaces—he’s committed to revitalizing entire communities. “We don’t just helicopter in, put up a building, and leave,” Michael shared. “We’re there to stay, to engage, and to ensure what we build remains a positive influence for generations.”

This ethos of long-term impact sets Michael apart in an industry often criticized for prioritizing profits over people. His work on transformative projects like Mural Park in Chicago’s Pilsen neighborhood illustrates a different approach—one rooted in collaboration and trust. “Community engagement has never harmed me,” he said. “It’s always informed me better about what I should be doing.”

Michael emphasizes transparency as the cornerstone of his leadership. Whether it’s his team, the communities he works within, or the investors he partners with, trust is non-negotiable. “If you can’t build trust, you’re starting off on the wrong foot,” he explained. For Michael, trust isn’t just a buzzword—it’s a foundational principle that shapes every decision, from initial community conversations to long-term project sustainability.

His dedication to fostering trust is particularly evident in the Truly Evanston project. Michael saw an opportunity to do more than just add another apartment complex to the area. By incorporating workforce housing and creating local jobs, Truly Evanston became a catalyst for economic and social integration. “We’re working with the high school and community college,” he noted. “This year, we’ll put over $3 million into the local economy.”

But the road to success hasn’t been without its challenges. Financing remains a constant hurdle, particularly because Condor Partners specializes in diverse, often unconventional projects. “We’re not repeating the same product over and over,” Michael explained. “Each project requires us to find new investors and generate excitement from scratch.”

Despite these challenges, Michael’s passion for his work keeps him going. That passion, he said, is a key criterion for every project his firm takes on. “If we wake up one day and realize we’re not going to make any money on a project, are we still excited to work on it?” he asked. For Michael, the answer must always be yes.

What truly sets Michael apart is his commitment to listening. Whether engaging with residents, teammates, or skeptics, he values differing perspectives. “If we can understand where opposition is coming from, we don’t have to agree, but we can develop respect,” he said. This openness not only mitigates conflict but also leads to better, more inclusive developments.

Michael believes Chicago is poised to lead the Rust Belt’s resurgence. “Our fundamentals are strong,” he said. “We’re discussing our challenges openly, which many other cities aren’t doing.” With a focus on urbanization, thoughtful design, and cultural leadership, Michael is confident Chicago will continue to evolve as a model for modern city development.

Balancing his professional ambitions with his personal life has been key to his success. Michael’s firm invests locally, allowing him to prioritize family and community without sacrificing quality. “We’ve chosen not to invest in markets that pull us away from our values,” he said. This intentional approach ensures that his work remains aligned with his principles, both personally and professionally.

As Michael looks to the future, his optimism is palpable. “Development isn’t just about buildings; it’s about people,” he said. And with leaders like him at the helm, the future of Chicago—and the communities he touches—looks brighter than ever.