President & CEO
Mark Wallace serves as President and Chief Executive Officer of the Detroit RiverFront Conservancy.
The Conservancy is a non-profit organization founded in 2003 by civic, community and public leaders. The mission of the Conservancy is to develop public access to Detroit’s riverfront and to have this development serve as an anchor for economic revitalization – all while working with others to create more thriving, walkable and connected communities within Detroit. The Conservancy’s ultimate vision is to revitalize and transform 5.5 miles along Detroit’s international waterfront.
Prior to joining the Conservancy in August 2014, Wallace was a director with Hines Interests LP from 2003 to 2014 and most recently served as project manager of the River Point development in Chicago, a 1,050,000-square-foot, 50-story, state-of-the-art tower located on the Chicago River. The project includes a 1.5-acre public park that opens the West Loop neighborhood to the main branch of the Chicago River.
From 2007-2011, Wallace was in charge of leasing the GM Renaissance Center in Detroit, which contains 2.3 million square feet of office space and 240,000 square feet of retail space. He was responsible for the leasing of GMAC (235,000 square feet), Dykema (68,000 square feet), HP (52,000 square feet), Urban Science (85,000 square feet) and Deloitte (102,000 square feet). In 2010, he completed the lease of 435,000 square feet of office space to Blue Cross Blue Shield of Michigan – the largest lease in Detroit during the past decade.
Wallace also maintained responsibilities for property management for the Coleman A. Young Municipal Center and the Detroit Public Safety Headquarters in downtown Detroit.
Additional past Hines projects on which Wallace has worked include the Super Bowl XL Media Center and the Detroit RiverWalk Phase II (Rivard Plaza to Gabriel Richard Park). He also provided underwriting analysis on behalf of Wayne County, which culminated in the $14.5 million acquisition of the Guardian Building and First Street Parking Deck in 2009.
In 2010, Wallace was named one of the “40 Under 40” award winners by Crain’s Detroit Business and also received Crain’s “Deal of the Year” award. He currently sits on the YMCA Boll Center Board of Directors, and the Downtown Detroit Partnership Board of Directors. He formerly sat on the Trinity House Theater Board of Directors, the Kiva Detroit advisory board, and the Hatch Detroit Board of Directors. He is a member of the Detroit Economic Club, Trinity Evangelical Covenant Church, the Detroit Athletic Club, the Princeton Club of Michigan and the University of Michigan Club of Greater Detroit.
In 2014, Wallace launched Wallace Detroit Guitars, which manufactures guitars using reclaimed wood from abandoned homes in Detroit.
Additionally, Wallace is a licensed real estate associate broker with the State of Michigan. He earned his bachelor’s degree from Princeton University in 1999 and his master’s degree from the Gerald R. Ford School of Public Policy at the University of Michigan in 2003. He is a native of Chelsea, Michigan and currently lives in the Corktown neighborhood of Detroit.