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2025 Next Gen Awards

Chicago & Midwest
By: Amy Wolff Sorter

Nick Melrose

Company: 

Melrose Ascension Capital

Leads firm that has a $470-million, 1,000-unit development pipeline

Notable developments include residential projects at Straits Row and 626 S. Wabash

Nick Melrose is the founder and chief executive officer of Chicago-based Melrose Ascension Capital (MAC), a private equity real estate development and investment firm. He completed his first high-rise project in downtown Chicago this year and oversees a pipeline totaling $470 million, 1,000 units, and 1.25 million square feet in Chicago and other markets nationwide. 

He is a co-developer of the 18-story Straits Row on LaSalle Street; additional projects include residential towers at 626 S. Wabash Ave. and 1221 W. Washington Blvd.  

One of the city’s youngest real estate developers, Melrose hosts frequent industry networking events and provides mentorship to many younger professionals, both in and outside of the industry. Business Insider recently recognized him as one of the country’s 20 professionals under the age of 35 who are transforming the industry.

These are just a few reasons we chose Nick Melrose as one of Connect CRE’s Chicago & Midwest 2025 Next Generation Award winners. Connect CRE’s annual Next Generation Awards recognize young leaders who will have a strong influence on the commercial real estate industry.

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Inside The Story

Melrose Ascension's Nick Melrose

About Amy Wolff Sorter

I love content. I love writing it, visualizing it, and manipulating it to fit into different formats. I have years of experience in working with content, both as creator and editor. The content I create and edit provides assistance with many goals, ranging from lead generation, to developing street cred through well-timed thought-leadership pieces. Content skills include, but aren't limited to, articles and blogs, e-mails, promotional collateral, infographics, e-books and white papers, website copy and more.
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