Yearly Archives: 2017

Closing means new beginning for Rockford’s Amerock factory

By Jeff Kolkey, Rockford Register Star

ROCKFORD — Construction workers were already removing lead paint from the former Amerock factory as years of work culminated this week with the closing of a series loans and investments that will finance the project.

Gorman & Company CEO Gary Gorman said that where a downtown eyesore currently stands, Rockford will have a $64 million Hilton Embassy Suites and $12.5 million Rockford Conference Center when construction is complete.

“The hotel and conference center represent a true public-private partnership,” Gorman said. “One could not have been done without the other, and many people pushed through five years of hard work to make it happen.”

The project promises to generate 123 permanent hotel jobs, 553 construction jobs and millions in economic activity.

Gorman said this is his 34th historic rehabilitation project. He had an American flag planted last week atop the former Amerock building to signal that the project is moving forward.

In addition to removing lead paint from the structure, asbestos remediation also must be done as part of Gorman’s plans to remodel the building into a four-star hotel.

The 160-room hotel will overlook the Rock River and include a rooftop lounge, first-floor restaurant, bar with outdoor patio, swimming pool, fitness center, business center and other amenities.

“This is a major turning point for our downtown,” Mayor Tom McNamara said in a news release.

Jeff Kolkey: 815-987-1374; jkolkey@rrstar.com@jeffkolkey

Please Welcome Sally Schwenn to Gorman & Company!

sally schwennWe’re pleased to announce Sally Schwenn as our new Market President to lead Gorman’s Arizona team into the future. Sally is a local multi-family expert, specializing in the acquisition and disposition of affordable housing for the past 22 years. She most recently served as a Managing Director of Newmark Grubb Knight Frank in Phoenix. Prior to that, she was a founding partner of Crown West Commercial Real Estate where she and her partner brokered nearly 13,000 units of multi-family housing, most of which involved complex affordable housing transactions with a variety of federal, state and local financing sources. Her career-long focus on originating new multi-family transactions will serve her well in her role as Arizona Market President. She has extensive experience in navigating through local government issues, and regularly represents public sector, private sector and non-profit sector clients in her work. She will bring a unique perspective and background to our diverse leadership team. Sally may be reached at (602) 354-3105 or by Email.

The hiring of Sally Schwenn is an exciting part of Gorman’s succession plan. Sally is taking over the Arizona Market President role from Brian Swanton, who has served Gorman in that role since 2008. Effective January 1, 2018, Mr. Swanton will be taking the reins as President & Chief Executive Officer. Our founding CEO, Gary Gorman, will serve as the Chairman of the Board and continue working on special projects and expanding capital sources for non-traditional community development efforts across the country.

Mayor Hancock announces 2017 Mayor’s Design Award Winners

We are honored to have Terraza del Sol as a featured project for this year’s Mayor’s Design Awards. Terraza del Sol features 42 energy efficient one, two and three-bedroom apartments priced affordably to residents earning 30% to 60% of Area Median Income, which is between $18,000 and $43,260 per year.  Monthly rents range from $389 to $1,081 per month, depending on the size of the unit.  The 71,000 square-foot building includes a fitness room, interior bike storage and a large outdoor terrace with gathering and play space for families. Other amenities include a community lounge, media room and in-unit washers and dryers. The project was completed in December 2016 and was fully leased in April 2017

Key to the overall approach is Mi Casa Resource Center, which opened its new organizational headquarters and Family Economic and Education Center on the main floor of the building. At nearly 20,000 square feet, the space will house Mi Casa and its core partners, providing entrepreneurial training, business counseling and microloans, career training, coaching and job search assistance, financial coaching; tax preparation; English as a Second Language programs; GED test preparation and computer literacy classes, and legal consultations.  Mi Casa hopes to double its impact from 2,500 participants to 5,000 in the next three years.

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Mayor Hancock announces 2017 Mayor’s Design Award Winners

Sixteen projects honored for excellence in architecture, exterior design, placemaking

 DENVER – Mayor Michael B. Hancock and Brad Buchanan, executive director of Denver Community Planning and Development, will honor 16 projects for excellence in architecture, design and place-making during the 2017 Mayor’s Design Awards ceremony tonight at 6 p.m. at the Chambers Grant Salon of the Ellie Caulkins Opera House.

View a slide show and download images and descriptions of the winning projects. >>
(Photos may be credited: “Courtesy of Denver Community Planning and Development.”)

“We are here to celebrate the projects that are getting it right. Whether they are big or small, buildings or art, homes or commercial buildings – these projects truly represent the Denver that we know and love,” Mayor Hancock said.

Since 2005, the awards have been presented to Denver homeowners, business owners, nonprofits, artists and others for their creative contributions to the public realm through innovative design. Winners can range from community placemaking projects to adaptive reuse of historic structures to single-family residences to major mixed-use downtown buildings. Each brings something special to Denver’s unique visual fabric and speaks to our collective commitment to building healthy, sustainable communities.

The awards ceremony will be held at 6 p.m. tonight at the Chambers Grant Salon of the Ellie Caulkins Opera House, Denver Performing Arts Complex (1400 Curtis Street). The event is free and open to the public; a reception will follow. For more information on the event and the awards, visit DenverGov.org/MDA.

The 2017 Mayor’s Design Award winners are:

  • Auraria Higher Education Center 1363 9th Street
  • The Deck, 651 16th Street
  • Ashley Union Station, 1850 Chestnut Place
  • Cobbler’s Corner, 2436 W. 44th Avenue
  • Cuba Cuba Café and Bar Patio Expansion, 1173 Delaware Street
  • Illegal Pete’s on Colfax and Race, 2001 E. Colfax Avenue
  • Alchemy Creative Workspace, 66 S. Logan Street
  • Shift Workspaces-Bannock, 1001 N. Bannock Street
  • Mid-Century House Restoration, 618 South Monroe Way
  • Beloved Community, 3722 Walnut Street
  • The Blue Trees, 700 14th Street
  • Terraza del Sol, 355 S. Grove Street
  • The Maven Hotel at Dairy Block, 1850 Wazee Street
  • Seed Building and Addition, 1500 Market Street
  • Avanti Food and Beverage, 3200 N. Pecos Street
  • The Triangle Building, 1550 Wewatta Street

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BUILDING COMMUNITY: Denver Community Planning and Development (CPD) is responsible for visionary city planning and ensuring safe, responsible, sustainable building. CPD regulates planning, zoning, development and maintenance of private property in Denver. We’re working hard to make Denver a great place to live, work and play! Visit DenverGov.org/CPD or follow us on Twitter at @DenverCPD.

The Grove at Keith Creek

On a beautiful, sunny, early fall morning, more than 175 people from our community joined together on September 28, 2017 for the official Grand Opening & Ribbon Cutting Ceremony at the Grove, at Keith Creek.

What an awesome celebration it was! Special thanks to Master of Ceremony, Andre Blakley, Illinois Market President of Gorman & Company, and Father Beauvais who provided the Invocation. Thanks to the many presenters, for your all your kind words and support; Ron Clewer, Former CEO, RHA; Jerry Lumpkins, Chairman of the Board, RHA Housing Commissioner; Tom McNamara, Rockford, Il, Mayor; Andy DeCoux, Director of Multifamily Finance, IHDA; Antonio Riley, Former Regional Administrator Region V – The Midwest Chicago Regional Office U.S. Department of Housing and Urban Development (HUD); and Larry Williams, CEO, RHA.

The Grove at Keith Creek is the new, multi-family residential community with 49 apartment homes set on a six -acre landscaped campus, which is the New Blueprint for Affordable Housing in Rockford.

The community was able to tour the grounds and view the one and two-story townhome/duplex style buildings, designed in traditional colonial and craftsman style to enhance and compliment the surrounding neighborhood.

The community center was designed to provide the stage for educational and cultural programming, along with a state of the art computer lab for the residents. The children’s playground was a highlight and garden plots are set for spring planting which are also located on the six-acre site.

Gorman & Company in conjunction with the Rockford Housing Authority and Bridge Rockford is proud to share this short video documenting the Ribbon Cutting Ceremony. This Affordable Housing plan is the initial component of a five-year masterplan to transform conventional public housing in Rockford, IL.

The Grove at Keith Creek is a public/private partnership developed by Gorman & Company with Bridge Rockford Alliance, a nonprofit subsidiary of the Rockford Housing Authority, the Illinois Housing Development Authority (IHDA), Boston Capital and Citibank.

Gorman & Company is partnering with the Rockford Housing Authority (RHA) to replace and revision 385 existing units of public housing at scattered sites, incorporating fresh architectural solutions, social and educational support and a strong homeowner component for the community. “A great community starts with a commitment to being a great neighbor”, stated Andre Blakely, Illinois Market President, Gorman & Company, Inc.

Extraordinary thanks to all guests and event speakers, as well as the staff of all the vested organizations who provided this dedication event for our community. “This marks the beginning of the next chapter of housing in the Rockford community, stated Larry Williams CEO of RHA. “This Affordable Housing plan gives our residents new opportunities as well as the capability to expand our services as needed, in the years to come for our community residents.”

With two phases down, Union Corners looks ahead to final developments

By Abigail Becker, The Cap Times

The second phase of the $78 million development known as Union Corners unfolded Wednesday with the grand opening of a $19 million, 90-unit mixed-income apartment complex.

Interview by Eden Checkol, WISC-TV News 3

Named after the battery company that formerly occupied the site, Carbon at Union Corners includes two four-story buildings joined by a courtyard and path that leads to East Washington Avenue. There is 18,000-square-feet of ground floor retail space and 92 underground parking spaces at the complex on Winnebago Street.

Ald. Marsha Rummel, District 6, said the development is a strong example of creating a neighborhood and not just “plopping in some buildings” into a vacant space.

“There is now a community that will evolve here and be part of a bigger neighborhood, and I’m proud to be a part of it,” Rummel said.

Of the 90 units, 76 are affordable and targeted to families making between 30 and 60 percent of Dane County’s median income, or $85,200 for a household of four. Only 10 units are still available, Gorman’s Wisconsin Market President Ted Matkom said.

The project used $8.5 million of Wisconsin Housing and Economic Development Authority low income tax credits and the city contributed the land within a Tax Incremental Financing district in addition to $1 million of gap financing. Dane County put forward $554,000 of gap financing.

Madison’s Department of Planning, Community & Economic Development director Natalie Erdman said the city’s vision for the site was to see a complete neighborhood with access to transportation, child care and housing.

Central to that vision was affordable housing and creating a place that would draw a diverse group of people together, Erdman said.

“Carbon is really a good example of that mixed income with some quality commercial space that create those vital experiences for people living here, and a way for us to relate to one another in a good quality of housing,” Erdman said.

In 2014, the city set aside $4.5 million per year to create an estimated 250 units of affordable housing per year. Gorman & Co, the developer of Union Corners, was included in the first round of funding, Erdman said.

“This is the beginning of the fruits of those labors and that commitment,” Erdman said.

The first phase of the Union Corners development was the $20 million, two-story UW Health Clinic on the corner of East Washington Avenue and Sixth Street that opened at the end of last year.

Following Carbon, the developer is proposing to build a 59-unit apartment complex in partnership with Lutheran Social Services. The complex would be geared toward extended families, such as grandparents, who are raising other family members’ children.

A five-story, mixed-use apartment complex called Nexus is the fourth phase of the project. The final development in the Union Corners plan will have about 100 apartments, 18,000-square-feet of retail and over 200 enclosed parking spaces.

Gorman & Co CEO Gary Gorman said the goal of the Union Corners site is to create a place where people can live, work and recreate within walking distance.

“We’ve created an urban village here,” Gorman said. “It’s not done, but it will be and I’m very proud of it.”

Hotel, apartments, breweries bring next round of Pabst developments to downtown Milwaukee

Written by Tom Daykin, Milwaukee Journal Sentinel

Much has happened during the former Pabst brewery’s decade of redevelopment: a hotel at the former brew house, apartments in both new and renovated historic buildings, a university facility and other projects have revived empty structures and vacant lots.

But the picture won’t be complete until early 2019, with more than 430 additional apartments, a 150-room hotel and two new breweries highlighting the final development surge.

When that last phase is done, the 21-acre site, now called The Brewery, will include more than 800 apartments, two hotels, three office buildings, restaurants and taverns, as well as new streets and even two small parks — blending what was an isolated former industrial site into Milwaukee’s downtown.

The completed $100 million project, helped by $32 million in city financing, expands downtown Milwaukee’s footprint west from the site of the Milwaukee Bucks new arena and marks another huge addition to the ongoing downtown development boom.

The Brewery hasn’t drawn as much national attention as it deserves, said Robert Greenstreet, dean of the University of Wisconsin-Milwaukee School of Architecture and Urban Planning.

“This is a staggering success story,” said Greenstreet, who also served as Milwaukee’s city planner from 2004 to 2009.

“I feel like it’s going to be a whole different place” within two years, said local developer Josh Jeffers, whose BrewLab Lofts will be among those new apartment buildings.

Added developer Mike Zukerman, “It’s really remarkable what’s going on there.”

Zukerman’s firm, New York-based Whitestone Realty Capital LLC, is converting the former Pabst malt house into 118 high-end apartments, known as The Brewery Lofts, 1009 W. Juneau Ave.

The project involves demolishing most of the interior and building seven new floors with new fixtures and restored windows.

That work was more complicated than anticipated.

The Brewery Lofts, originally due to open this summer, are now expected to open in early 2018, Zukerman said. He declined to disclose the increased project budget, which was initially estimated at $34 million.

The project’s financing includes federal and state historic preservation tax credits, which cover part of the restoration costs in return for following strict construction guidelines.

The one- and two-bedroom units will have monthly rents from around $1,600 to $2,000.

Two other apartment developments are to begin construction soon. Combined with Zukerman’s project, they will more than double the number of units at The Brewery.

Jeffers plans to begin work in July on converting two adjoined buildings at 1037 W. McKinley Ave. into 43 apartments. He bought the three-story buildings from Cardinal Stritch University, which is moving its College of Education and Leadership from the larger building to the university’s main Fox Point campus.

The smaller building has been vacant since Pabst Brewing Co. closed its operations in 1996 but since has been partially renovated. Pabst used both buildings for its research labs.

The $8 million project BrewLab Lofts is to be completed by March 31. The financing includes historic preservation tax credits.

The one- and two-bedroom apartments, including studio units, will have monthly rents from around $1,200 to $1,900.

Also, Indianapolis-based Milhaus Development is proceeding with its plans to build 274 apartments within two five-story buildings,  at 926 W. Juneau Ave. and 1003 W. Winnebago St. Those two locations are one block apart.

Milhaus plans to complete its purchase of the vacant parcels and begin construction this month, said Greg McHenry, director of development.

The $40 million project would likely have its first units available by summer 2018, with both buildings completed by spring 2019, McHenry said.

The Juneau Ave. building would feature 7,000 square feet of ground-floor retail and 110 apartments on the upper floors. The Winnebago St. building would have 164 apartments and a ground-floor leasing office and common amenities.

The development would include 27 apartments with around 350 to 400 square feet and monthly rents below $1,000. Those so-called micro units are a growing trend in Milwaukee and other cities.

The remaining units, ranging from studios to three-bedroom apartments, would have rents of around $1,300 to $2,400.

Both the Milhaus buildings and Brewery Lofts will provide parking for residents at The Brewery’s 900-space central parking structure. BrewLab Lofts has a surface parking lot.

Other apartment developments at The Brewery are Eleven25 at Pabst student housing, developed in the former bottling house; Frederick Lofts; Blue Ribbon Lofts, developed in the former keg house; and Brewery Point senior apartments. Those buildings total just under 400 units.

Meanwhile, construction recently started on a six-story, 150-room Hyatt Place hotel at 821 W. Winnebago St. Deerfield, Ill.-based Janko Group plans to have the $27 million project completed by summer 2018.

It will be the second hotel at The Brewery. The 90-room Brewhouse Inn and Suites opened in 2013 in the former Pabst brewhouse.

Finally, The Brewery has an actual brewery, the first there since Pabst closed its operations more than 20 years ago, with another brewery on the way.

Los Angeles-based Pabst Brewing in April opened its Milwaukee brewery, restaurant and taproom at 1037 W. Juneau Ave., within the former Pabst training center and Forst Keller tavern.

The new $5 million Pabst brewery serves as a place to experiment with new beers and historical Pabst recipes.

Renovations are to begin this month on converting part of the former Pabst distribution center, 1131 N. 8th St., into a craft brewery operated by Milwaukee Brewing Co., as well as a restaurant, events venue and offices.

That 46,000-square-foot brewery, including a tasting room, is scheduled to open in May 2018, said Jim McCabe, Milwaukee Brewing owner. The company will continue to operate its smaller Walker’s Point brewery.

An adjacent restaurant, including a rooftop dining area, and events venue will total around 30,000 square feet and likely open next May, said building owner Scott Lurie. He said the restaurant and venue operator’s name will be announced soon.

The building also will feature around 50,000 square feet of offices, Lurie said.

The former distribution center’s redevelopment includes a self-storage center on the building’s lower level owned by White Plains, N.Y.-based Highland Development Ventures LLC. Known as Extra Space Storage, it will open around June 30, said Adam Hird, Highland managing partner.

Other office buildings at The Brewery include a former boiler house and the newly built Pabst Professional Center. Each has around 40,000 square feet.

The Brewery also features the University of Wisconsin-Milwaukee Zilber School of Public Health, which combined a former Pabst warehouse with new construction, and Best Place at the Historic Pabst Brewery, which includes a tavern, banquet rooms and a gift shop in the former Pabst offices and visitors center.

City spending to help finance The Brewery’s parking structure, street repairs, environment cleanup, demolition and other expenses have so far totaled $26 million and will likely eventually reach $32 million, said Jeff Fleming, Department of City Development spokesman. Those funds are being repaid through property taxes from The Brewery’s buildings.

The city debt will be paid off by 2032, according to a department estimate. The new property taxes will then go to the city’s general fund, Milwaukee Public Schools and other local governments.

The Pabst site was valued at $9.3 million before Zilber Ltd., led by the late Joseph Zilber, started the redevelopment work in 2007. The new and renovated buildings have so far created $64.2 million in additional property value, with a total new value of $98.9 million expected when the entire site is completely redeveloped, Fleming said.

Zilber bought most of the Pabst site in 2006, vowing to create “a great neighborhood, where people will want to live, work and shop.” An earlier attempt led by Wispark LLC to create PabstCity, a mixed-use project that included an entertainment focus, failed to win Common Council support for its $41 million city financing plan.

The council did Milwaukee a favor by rejecting that plan, said Greenstreet. He was then city planner in Mayor Tom Barrett’s administration, which pushed hard for PabstCity.

City officials supported PabstCity because it was the only viable plan for the crumbling brewery buildings, Greenstreet said. But that proposal would have involved demolishing more historic buildings than those eventually preserved under Zilber’s involvement, he said.

Zilber’s decision to take on the project as his legacy to Milwaukee was a blessing, Greenstreet said.

“Without Zilber, that would just be a collapsing site now,” he said.

Zilber’s conceptual plans for The Brewery called for fewer apartments, and more office and retail space, than has been developed. That shift to more housing is tied to the growing trend of both baby boomers and millennials living in urban areas, which has helped spark an unprecedented downtown Milwaukee development boom.

The Brewery’s completion, along with the new Milwaukee Bucks arena and other large downtown projects, will likely help spur investment to other nearby sites, said Larry Witzling, a longtime planner at Graef consulting firm.

“The big question is: how fast and where will it spread?” said Witzling, who helped create plans for the neighboring Park East area.

Tom Daykin can be reached at tdaykin@jrn.com

Tiny houses project for young adults in Milwaukee advances

By   –  Reporter, Milwaukee Business Journal

 

Construction could start next spring on the first of 36 tiny houses in Milwaukee that will put a roof over young adults’ heads while they train for stable jobs.

Those houses would be built over a three-year span at 4200 N. Humboldt Blvd. on green space that belongs to the Milwaukee Area Technical College. Milwaukee County currently has more than 100 young people who would be eligible to live in the houses, said Tim Baack, president and CEO of Pathfinders, the Milwaukee social services organization that is part of the project team.

They are designed for people ages 18 to 25 who aged out of the local foster care safety net, but still need help finding stable employment, or other services.

“Without adequate housing, it becomes much more difficult, if not impossible, for someone to be trained and get a job, and keep a job, to have their social and emotional well-being taken care of,” Baack said. “Housing really needs to come first so that stability and safety is present. From there, all else becomes more possible.”

The 300- to 350-square-foot houses, each with their own kitchens and bathrooms, would create that stability. Milwaukee County’s Housing Division would help cover rent payments while residents work toward a steady job.

The small-scale neighborhood would be built within walking distance of Pathfinders’ building, where other support will be available.

The tiny houses is a collaboration between Pathfinders, Milwaukee County and developer Gorman & Co. Inc., which is doing pro bono work to support the development. It gained a first city endorsement Monday from Milwaukee’s Plan Commission.

Ted Matkom, Wisconsin market president for Gorman & Co., said the houses will cost about $80,000 apiece to build. Construction could start in April 2018. Money is in place for the first 12 houses, including a $100,000 grant from Milwaukee County’s Housing Division. If more money is raised before next spring, more houses could break ground next year, he said.

The team members hope to have all 36 tiny houses built over a three-year span.

Pathfinders secured a three-year state award of $250,000 annually for services to support people who will live in the houses. That will also cover the salaries of two service providers, one of whom will live in a tiny house to provide on-site support, Baack said.

The end goal is to have residents transition out of the houses after securing steady jobs. Gorman & Co. would provide construction job training through its ongoing campaign to rehab foreclosed single-family houses in the city of Milwaukee. The developer has been doing those home rehabs for several years.

Viewpoint: Denver voters seek action on affordable housing

Co-Written by Kimball Crangle and Melinda Pollack, Denver Business Journal, May 5, 2017

While Denver’s civic leadership focus turns to infrastructure, Denver voters continue to rate the affordable housing challenge as a top priority that they would like to see the city council and mayor more aggressively address. We believe there’s a path forward that yields a more inclusive, connected and affordable Denver for all, if we invest in both.

A recent poll of likely Denver voters also provides evidence of strong support for common sense laws to enhance the rights of renters, plus raise more civic capital to stem the affordability crisis. The lack of affordable housing is affecting virtually all households and is rapidly reshaping our city’s neighborhoods, racial composition, culture and distinctiveness. The poll reveals these ongoing concerns, and also suggests a path forward for addressing the issue in a more substantive way.

Terraza del Sol is an affordable housing project in west Denver.

Terraza del Sol is an affordable housing project in west Denver.

The poll, co-sponsored by Enterprise Community Partners and All In Denver, two nonprofit organizations that advocate for affordable housing and social equity, was conducted by a professional community relations firm in the first half of February and carries a margin of error of about 5 percent. The organizations conducted the poll in the aftermath of Denver’s effort last fall to create a new dedicated fund for affordable housing. Billed at the time as a “first step” to address the city’s affordable housing crisis, the new dedicated fund is estimated to create up to 600 affordable units per year in a city that is tens-of-thousands short. The poll was designed to gauge whether the issue remains high on voter’s minds, and whether there is an appetite to move more forcefully on the issue.

The poll revealed as least four major themes that Denver civic leaders should consider.

  1. There is broad support for the city’s housing fund that was created last fall.Seventy-four percent of Denver voters approve of the housing fund that was established by a new property tax and developer fees last fall. Notably, only 19 percent of Denver voters disapprove. Approval of the housing fund extends throughout the electorate, including fiscally conservative voters and high-income households. Created through a split vote and with organized opposition from the business community, Denver’s City Council members should be reaffirmed that their actions are viewed by constituents as both necessary and responsible.
  2. Affordable housing continues to be rated as one of the most important issues for the city to address. When asked to identify two issues that voters would most like to see the city council and mayor address, only education outranks the housing-related concerns of affordable housing, homelessness and cost of living. Transportation, a current focus of city policy and funding efforts, ranks a distant fifth.
  3. There is strong support for common sense policies to protect renters.Colorado ranks low nationally in tenant protections, which makes it more difficult for renters to qualify for and remain in affordable units. The Enterprise-All In Denver poll explored a variety of common sense protections that could level the playing field for tenants and be immediately enacted by the city. Tenant protections such as preventing landlords from profiting on application fees, requiring landlords to have good cause for evictions and allowing tenants to use all sources of income to qualify for housing all received support from more than three-quarters of survey respondents.
  4. There is evidence that voters would support bolder solutions to affordable housing. To test the appetite for supporting bolder approaches to affordable housing, the poll sought opinions on a potential bond issue that could create from $150 to $300 million in capital for a variety of initiatives. Similar bond issues have recently passed in several cities and counties along the West Coast where housing affordability issues are arguably more severe than Denver. Bonding the affordable housing package that was approved last fall, which would result in no increase in taxes, registered support from 75 percent of survey respondents. A more ambitious scenario that would create a slight increase in property tax, was supported by two-thirds of survey respondents.

The path forward to a bolder policy response to Denver’s affordable housing crisis is set by the city council’s action last fall, and is bolstered by the findings from the Enterprise-All In Denver affordable housing poll. In addition to establishing a dedicated fund, the city council authorized that a housing plan be developed to provide more comprehensive solutions. The plan, to be completed this year, could provide the blueprint for a bolder solution in 2018, including additional resources and stronger protections for lower income members of our communities.

We hope that our policymakers join us in continuing to keep affordable housing front and center in the civic conversation, much like the issue continues to be front and center in the minds of Denver voters.

Kimball Crangle is co-founder of All In Denver and Colorado market president for Gorman & Company, a development firm specializing in affordable housing. She can be reached at 303-887-2707 or kcrangle@gormanusa.com. Melinda Pollack, also a co-founder of All In Denver, is vice president and Denver market leader with Enterprise Community Partners, a national non-profit organization advancing affordable housing. She can be reached at 303-376-5405 or mpollack@enterprisecommunity.org.

Wisconsin-based Developer Gorman & Company Recognized as one of the Top Ten Affordable Housing Developers in the Nation

Published on Urban Milwaukee on April 26, 2017

Madison, WI—April 25, 2017— Affordable Housing Finance (AHF) has named Wisconsin –based Gorman & Company (Gorman) as one of the top ten affordable housing developers in the nation in the only listing of its kind, AHF 50. AHF surveyed over 110 companies regionally and nationally to produce the annual report on the nation’s top 50 developers which publishes the number of affordable housing construction starts and completions by developers included on the AHF list and provides a picture of emerging industry trends. Gorman rose to number 10 on the AHF 50 listing from number 16 in 2015, breaking ground on nine innovative developments throughout the country that are comprised of 776 affordable apartment homes.

Gorman CEO and founder, Gary Gorman, who has stewarded his company’s growth –from its launch with a modest 24-unit project in small-town Wisconsin to successfully completing over 5000 affordable apartment homes nationwide and elevated the face of public housing by partnering with communities and the public sector remarked:

“We have been developing affordable housing for over thirty years. It is very gratifying to receive this recognition.”

Gorman is also featured as the cover story in AHF’s April/May edition. Here is the link.

In the profile of Gorman by Donna Kimura, deputy editor of AHF, Jack Manning, president and CEO of Boston Capitol, a long-term financing partner on 14 of Gorman’s leading edge projects, appraised Gorman with a snapshot observation of its creative and collaborative development approach:

“…Gorman is the type of company that loves innovation.”

Gorman is planning to break ground on 12 new projects around the country this year and projects completion of over 1000 additional affordable housing units. The company is also looking to parlay its strong foundation of partnerships with public housing authorities and to expand its portfolio of Rental Assistance Demonstration (RAD) projects.

Recently, Gorman completed Madison Heights (the first RAD project ever completed in Arizona) in partnership with Housing Authority of Maricopa County, (HAMC), transforming a severely dilapidated post-World War II-era public housing project in Avondale, AZ into a pioneering and sustainable 143-unit community that also set aside 30 apartments to provide permanent homes and a social incubator for “chronically homeless” residents.

In Rockford, IL Gorman is partnering with the Rockford Housing Authority (RHA) on a RAD initiative to replace and revision 1100 existing units of public housing at scattered sites, incorporating fresh architectural solutions, social and educational support and a strong homeowner component to create a new blueprint for affordable housing. Replacement units are owned in partnership between Gorman and Bridge Rockford Alliance, Inc., a wholly owned subsidiary of the RHA. The Grove at Keith Creek, a 49 –unit multi-family residential community (with 22 units targeted for home ownership) is slated for completion this summer and is the second phase of that initiative.

To advance the company’s goals for the future and to usher in the next phase of growth, Gorman has also announced a succession plan effective January 1,2018. Under the new leadership structure, Gorman founder and CEO, Gary Gorman will become chairman of the Gorman’s Board of Directors and continue active involvement in all significant decisions for the firm. Brian Swanton, currently Gorman’s Arizona & Southwestern States Market President will take the reigns as CEO. Current COO, Tom Capp, was joins Gorman’s Board of Directors as vice-chairman. Mr. Capp will also serve as lead advisor on strategic planning and growth for the firm identifying new market opportunities that fit the critical needs of communities.

About Gorman & Company, Inc.

Gorman & Company is nationally recognized for revitalizing communities and urban urban neighborhoods through innovative public-private partnerships. As a trusted partner and respected industry leader since 1984, Gorman specializes in downtown renewal, the preservation of affordable housing, workforce housing and the adaptive reuse of significant historic landmarks with offices in Milwaukee, Chicago, IL; Denver, CO; Miami,FL and Phoenix, AZ.The company maintains in-house design, construction, and development divisions that have successfully completed over $900 million new construction and major renovations since its founding 33 years ago. Its affiliated property management firm manages over 5,000 units around the country.

Residential Component of $60M Wis. Mixed-Use Opens

By Jeffrey Steele of Multi-Housing News

Madison, Wis.—Carbon at Union Corners, a mixed-use community including a 90-residence apartment community with a substantial affordable housing component, has broken ground in Madison, Wis.

union_corners

A long-vacant industrial site once occupied by Ray-O-Vac Corp. is now the site for Gorman & Co.’s new development.

Carbon is the result of a public-private partnership between the city of Madison, Dane County and the state of Wisconsin. It is the second phase and first residential phase of Gorman & Company’s $60 million multi-stage transformation of a long-vacant industrial site once occupied by Ray-O-Vac Corporation. “Union Corners is a master development that we embarked on three years ago,” Gorman & Company’s Milwaukee-based president of the Wisconsin market Ted Matkom told MHN.

“It was started through an RFP process. Ray-O-Vac abandoned the site decades ago, and the city of Madison took title to the big six-acre site and cleaned the site through remediation grants to the point where it was developable. It’s right on a main thoroughfare in Madison called East Washington Avenue, and surrounded by historic neighborhoods that are extremely stable but more moderate income.”

Six neighborhoods touch Union Corners, “and we talked with all of them,” Matkom continued. “The priorities were a place to live, work and play. After that, they identified their top desires as health care, a supermarket, and affordable housing. They really emphasized the need for a development that didn’t gentrify their neighborhood. They wanted something that blended into the neighborhood. We got them the UW Health Clinic, Fresh Thyme grocery and this Carbon development, with a large mix of housing ranging from market rate to apartments earmarked for 30 percent of AMI.”

The construction cost is estimated at $16 million. Completion is slated for June 2017.

Carbon at Union Corners features two four-story buildings linked by courtyard plaza. In addition to the 90 apartment homes, there will be 18,000 square feet of ground-floor specialty retail space and 92 underground parking spaces for residents. Eighty-five percent (or 76) of the one-, two- and three-bedroom apartments will be designated as “affordable” and targeted to families earning 30, 50 or 60 percent of Dane County’s median income, which is $82,600 for a family of four.

Four units will be market rate. Monthly rental rates depend on annual household income, and will range from $380 to $940 for a one-, $455 to $1,245 for a two- and $920 to $1,460 for a three-bedroom unit.

Apartments will feature walk-in closets, in-unit washer-dryers, large kitchens and Magic-Pak self-contained HVAC systems. Amenities include a fitness center with cardio equipment, treadmills, weights and stationary bikes.

When considering acquiring the site, Gorman & Company had to weigh its positives and negatives, Matkom said. “The plus was it is a vacant site remediated by the city of Madison, and 100 percent ready for development,” he reported. “The minus was the site was incorporated in a highly urban area touching six neighborhoods. The time we spent in community meetings was extremely long. There were a lot of stakeholders who had to be appeased to ensure the development was a fit for the community.”

One of the points of contention was surface parking. Neighborhood residents didn’t want a sea of asphalt encircling the development. “They wanted underground parking,” Matkom said. “So we had to put in all underground parking, and from a cost perspective, it was challenging to incorporate that into the project.”

A nod to the site’s history will be woven into Carbon. Bricks from the long-demolished Ray-O-Vac factory will be creatively repurposed, and the vintage French Battery stone signs will be featured in common areas of Union Corners.