Madison-based development company is acknowledged by Wisconsin Builder and The Daily Reporter as a 2006 Newsmaker
Madison, October 26, 2006
Gorman & Company, a Madison-based leader in real estate development, was named Developer of the Year at a special celebration Wednesday evening in Milwaukee to honor those named 2006 Newsmakers by Wisconsin Builder and The Daily Reporter.
Gorman & Company was selected for this prestigious award because of their leadership in the areas of affordable housing development and neighborhood revitalization, as well as for effective use of state funds through partnerships with such organizations and the Wisconsin Housing and Economic Development Authority (WHEDA), according to a statement from the publications.
“Our core mission is to revitalize communities through innovative housing partnerships,” says Tom Capp, chief operating officer for Gorman & Company. “Receiving this award is a wonderful acknowledgement that our work to offer affordable housing solutions has made a positive impact in the neighborhoods we serve.”
In addition to affordable housing and urban revitalization, Gorman & Company is known for the renovation and adaptive re-use of historic buildings. Earlier this year, the company won the Business Journal Serving Greater Milwaukee’s Real Estate Awards for the for its Historic Lofts on Kilbourn project, an adaptive re-use of the former Sinai Hospital in Milwaukee’s Avenues West neighborhood.
“Our developments incorporate the best practices of all of our areas of focus,” Capp says. “With the Historic Lofts on Kilbourn, for example, we focused on preserving the character and rich history of the building, and at the same time the project provides a unique and affordable housing option for a struggling neighborhood. The result is a win-win situation for residents and the community.”
Gorman & Company, Inc., headquartered in Madison, Wisconsin, was founded in 1985 with a mission of creating high-quality housing opportunities for a variety of income levels. Through the use of public and private partnerships, Gorman & Company specializes in the renovation of historic buildings and renaissance of traditional urban neighborhoods, and is renowned for its quality craftsmanship, dependability, and sensitivity to historic preservation. A recognized leader and trusted community partner, Gorman & Company employs 126 professionals and manages more than 3,000 apartment units. For more information, please visitwww.GormanUSA.net.