Chicago & Midwest + South Side + Finance | May 6, 2022

CRG’s $1-million grant will help Rebuild Foundation rehab the former St. Laurence School, located in the Grand Crossing neighborhood on Chicago’s South Side

CRG Grant Will Help Rehab South Side School into Arts Incubator

Real estate investment firm CRG, in conjunction with parent company Clayco, has donated $1 million to Rebuild Foundation, the nonprofit platform for art, cultural development and neighborhood transformation founded by artist and social innovator Theaster Gates.

CRG’s grant will help Rebuild Foundation fund its largest project to date: rehabbing the former St. Laurence School, located in the Grand Crossing neighborhood on Chicago’s South Side, into an incubator for artists and creative entrepreneurs. The grant will help fund the first phase of construction.

“This project is the next step of Theaster’s vision to bring life-changing growth and business development opportunities to the local creative community,” said Shawn Clark, president of CRG.

CRG is making its donation through CRG Cares, its philanthropic arm that provides funding, services and volunteers to enhance communities in cities where it operates, and will be funded through The Clayco Foundation.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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