Lendlease Announces Promotion of Ted Weldon to Executive General Manager of Chicago Development

  • 10 Sep 2019
In his new role, Ted will manage Lendlease’s robust pipeline of Chicago projects. These include Southbank, a 7-acre neighborhood development along the South Branch of the Chicago River whose first tower, The Cooper at Southbank, opened in fall 2018, as well as 845 West Madison, a two-tower mixed-use development in the West Loop being developed in partnership with The John Buck Company and Intercontinental Real Estate Corp. Later this month, Lendlease will celebrate the groundbreaking for two of three planned residential towers in the Lakeshore East neighborhood: Cirrus, a 47-story, 363-unit condominium tower, and Cascade, an adjacent 37-story, 503-unit rental tower – both of which are joint ventures with Magellan Development Group.

“As a senior member of our leadership team who was instrumental in launching Lendlease’s Chicago development business, Ted was a natural choice to fill this position,” said Jason Alderman, President of Lendlease Development. “His intimate knowledge of each project, the integrated teams behind them, and the core principles that shape them will help ensure a seamless transition as we continue to grow as a company.” 

Ted’s 30-year career as a real estate developer has included executive roles at RN Realty, Capstone Equity Corp. and Related Midwest (formerly LR Development Co.) Much of Ted’s career has been spent working alongside Weeks, first as actuaries at Hewitt Associates in the mid-1980s, and then again at Related. During his time at Related, Ted worked on a number of high-profile condominium developments including Park Tower, 840 North Lake Shore Drive and 340 on the Park. Ted and Weeks left Related Midwest in 2007 to join Sailrock Development Ltd., which is the developer of the Sailrock resort in the Turks and Caicos.  

After joining Lendlease as acquisitions director in 2015, Ted was responsible for management of the Lakeshore East project, which included overseeing the master planning, zoning/entitlements and predevelopment work for the new towers. He also assisted in advancing Lendlease’s other two Chicago developments, Southbank and 845 West Madison. He was promoted to senior vice president and project director in October 2018. 

Ted graduated with distinction from Carleton College with a Bachelor of Arts in mathematics. He received a full academic scholarship from the University of Iowa and graduated with a Master of Science in statistics. 

Ola Fadahunsi,; 212-592-6794