Executive Vice President and Managing Director of Retail Division
As the managing director of the Retail Development Group at HSA Commercial, Tim Blum is responsible for sourcing and analyzing retail development opportunities for the firm and for the joint real estate fund formed in partnership with Innovative Capital Advisors. As a developer, Tim has transformed many under-utilized and even lifeless shopping centers and industrial properties into vibrant retail destinations through his skilled vision, careful merchandising, and adaptive reuse expertise.
Most recently, Tim was the leader in redeveloping a functionally-obsolete industrial park in suburban Milwaukee into The District, a 69-acre retail, restaurant, and residential community. The project’s first phase, The Mayfair Collection shopping center, consisted of adaptively repurposing warehouse buildings along Highway 45 into new, contemporary retail environments that have been enjoyed by hundreds of thousands of shoppers from across the metro Milwaukee area. Tenants of Phase 1 include Nordstrom Rack, Saks Fifth Avenue OFF 5TH, DSW, Ulta, J. Crew Mercantile, and Dick’s Sporting Goods. The second phase of The Mayfair Collection includes a Whole Foods Market, HomeGoods, and several exciting new restaurant concepts from The Bartolotta Restaurants. Future plans for the project include the addition of over 1,000 luxury apartments to be built over the next five to seven years.
Some of Blum’s other projects include Calhoun Crossing, the redevelopment of the former Plaza 173 in Brookfield, Wis.; Orland Park Place, an award-winning retail redevelopment project in Orland Park, Ill.; and a mixed-use redevelopment project in Royal Oak, Mich., that includes retail and residential condominiums.
Before beginning his development career, Blum worked as a retail broker representing numerous national retail clients including J.C. Penney’s, Carson’s Furniture, Value City Department Stores, and Fitness Warehouse.
Prior to joining HSA, Blum held positions as an acquisitions and asset specialist and retail broker with Brauvin Realty and VMS Realty in Chicago.
Blum is a licensed real estate professional in the State of Illinois and a member of the International Council of Shopping Centers (ICSC).
Loyola University, BBA, Finance and Computer Science