Urban Sky was developed to provide new and unique solutions for the management of multi-family buildings, leveraging the Internet of Things (IoT) to enhance control and profitability for building owners.

The challenges of operating older multifamily buildings safely and profitably are ones we know well as long time building owners.  Our technology addresses each of these challenges from a single platform that is both effective and reliable.

We've developed the revenue model, written the software, designed the hardware, and installed a complete solution that ensures our vision really works.



We believe that buildings are built to serve people, and not the other way around. 

We want buildings to perform at their full potential, for both owners and residents.  Most look to expensive energy solutions with slow payback but we know that non-energy building systems yield higher returns without huge Cap Ex nor construction headaches. 

That’s why we built the Urban Sky Building for you.



We use Internet of Things Technologies in the form of sensors and proprietary devices as well as cutting edge software on existing hardare. By monitoring your building and identifying inefficiencies and underused assess, we give you back control. Your building becomes safer, while cutting operating costs and creating new sources of revenue. 


Urban Sky is a Chicago-based company founded in 2014. It emerged out of an association of like minded multi family building owners who needed more effective  ways strengthen their investments after the 2010 real estate crash.







25 year tenured real estate owner/developer (including apartment buildings and development of raw land) in Chicago, IL.   A graduate Chemical Engineer with a degree from University of Illinois at Chicago with an MBA in International business from University of Illinois at Chicago.  Shadid has been fascinated by the potential to harness the power of the Internet of Things ("IoT") to simplify processes, increase security, and improve profitability for property managers and owners.  For the last five years, Shadid has been fully focused on converting the IoT's hype into reality through development of systems, hardware and software for the benefit of Building Owners.   Shadid has built heavily on his prior experience as project manager for award-winning reactors and labs for research and pilot plant support with BP Amoco.


Stephen Fraser



Stephen is a veteran CEO having run private, public and private-equity backed companies.  Fraser has led a number of corporate turn-arounds, most recently of (formerly) NYSE Horizon Lines, the nation's (then) largest Jones Act shipping company.  Previously, Fraser ran a series of private-equity backed logistics companies, prior to which he founded a number of entrepreneurial and intrapreneurial businesses based on his decade working domestically and abroad for GE SeaContainers.  Fraser serves as a board member and/or operating partner for a number of financial sponsors and/or family offices, focused in the logistics industry.  Fraser has a degree in Political Science and Economics from Columbia University and is a member of the National Association of Corporate Directors.


dan farquhar

Senior Engineer & Developer


Dann has over 40 years in software development and has been known to tame the international IT chaos for over 30 years as he oversees IT operations in dozens of countries and their secured IT integration into US servers. Development areas include inventory, accounting, and radio traffic in C, PHP, SQL, PERL AND PASCAL to name a few,  systems support, database administration (Linux, MS and DSD operating systems), IT infrastructure management, email, network and telephony and VOIP administration, and IT systems integration.   Farquhar successfully designed the full array of printed circuit boards used by Urban Sky and has worked alongside Shadid at Urban Sky since it’s inception overseeing complex hardware and software innovation from JAD sessions to functioning systems.



Eric Yokubonis

Sales Advisor

Eric is a 30 year software industry veteran in sales and sales management with deep experience at companies including ADP, Computer Associates, HP and Kronos, specializing in application, content, project and workforce management solutions on all delivery platforms, but most recently, via the Cloud.  Among other accomplishments, Yokubonis developed an entire Sales Process Maturity Model as well as a number of leading edge software development programs having to do with rapidly accelerating pipeline development, inbound marketing, market and competitive analysis and revenue / compensation models.  Yokubonis has worked alongside Shadid at Urban Sky for the last few years on general ideation, sales process mapping, marketing, and branding initiatives. Yokubonis has a degree from the University of Minnesota, Carlson School of Management with a major in Finance, a minor in Economics and additional coursework completed in Real Estate.


Ron Niemaszyk

Financial Advisor

Ron has been a shareholder of Patke and Associates since 2009 and is the director of the firm's Investment Partnership Services Group.   He and his team provide audit, tax and consulting services for over 100 pooled investment vehicles pursuing a range of investment activities internationally.   In addition to his work at Patke and Associates, Ron has been an advisor, investor and/or managing partner in a number of entrepreneurial companies across a range of industries.  


Virgil Bistriceanu

Senior Technical Advisor

Virgil is a seasoned CTO for both startup and public companies. Virgil has been providing technology leadership for companies small and large for the past 20 years. This includes co-founder and CTO for MyPoints (successful IPO in 1999), a four-year stint with United Airlines as a Program Director, CTO for Centro Media and CTO for Municipal Media Solutions. He is a director on the board of Penta Technologies and a trusted technology advisor for the same. In addition, Virgil teaches Computer Science classes at the Illinois Institute of Technology. 

Jon Fieldman

IT/General Counsel

Jon is a hands-on business attorney who serves as outsourced general counsel to over 50 companies, executives, and entrepreneurs. He identifies and mitigates risk, negotiates the substance of contracts, drafts employment agreements and provides consultation on sensitive job-related issues with a business approach to law. His Clients include senior executives, Executive Vice Presidents and CEOs. He served as a CEO of a subsidiary of a public company, a CEO division of a public company and a CEO of a private equity portfolio company.