William A Marovitz

William A. Marovitz, served in the Illinois House of Representatives from 1974 to 1980 and the Illinois State Senate from 1980-1993. He served as Chairman of the Senate Judiciary Committee and Vice Chairman of the Senate Public Health Committee. In 1993, Marovitz decided to retire from the Senate and devote most of his time to business development. He purchased some of the most valuable property in Chicago. He then brought together several major companies in consortia, such as U.S. Equities, American Invesco, Magellan Properties, and Near North Properties. These companies, under Marovitz's leadership developed the properties bordered by Clark Street, State Street, Grand Avenue and Ohio Street. The six parcels in the development include approximately 1000 apartment units and 1000 condominium units. There is also over 250,000 square fee of retail space and over 2500 parking spaces. The condominium developments are completely sold out and the apartment units have an occupancy rate of over 90 percent. Marovitz recently sold the aforementioned apartment buildings to a European buyer in one of 2007’s largest financial transactions in the rental sector. The newest Marovitz project is the purchase of the Ronsley floral building on Huron and Kingsbury. Marovitz and his partners, Bud and Bob Cataldo have purchased the land and will be developing the site into luxury lofts. The project is scheduled for completion and occupancy for the Spring of 2009. Bill is also a partner in many of ventures of one of Chicago’s leading restaurant organizations --- Lettuce Entertain You, Inc., headed by Richard Melman. He recently opened one of Chicago’s hottest new restaurant’s, Carnivale, in a building he purchased with restauranteur, Jerry Kleiner and partners, Bud and Bob Cataldo. Carnivale has become such a sensation that Marovitz and his partners are considering offers to expand to Las Vegas and South Beach. Another new restaurant venture in a Marovitz/Cataldo owned building is Quartino, operated by Steve Lombardo of Gibson’s Restaurant and Hugo Ralli of Hugo’s Frog Bar. Bill Marovitz has continued to be actively involved in government and civic affairs. He still is involved in elected politics, serving as the Democratic State Central Committeeman for the Ninth Congressional District and the Vice-Chairman of the Democratic Party of Illinois. He is also a senior consultant with Cassidy and Associates, the largest governmental relations firm in Washington D.C., as well as counsel to several pension funds, including the Municipal Employees Annuity and Benefit Fund, and the Laborer's Annuity and Benefit Fund. He has represented several unions, including the Teamsters' Union and the Carpenter's Union. He has also served on several Illinois Boards and Commissions, as an appointee of the Governor, including the Illinois Pollution Control Board, and the Illinois Health Facilities Planning Board. Most recently, Bill was selected by the Spanish/Australian consortium that purchased the Chicago Skyway, to be the only American on the new Skyway Board.