• HOME
Log In
May 30, 2023
  • Home
  • Contact Us

User Panel Banner
Log In

  • Home
  • Business
  • Finance
  • Branding
  • Sales
  • Marketing
HomeBusinessJerome Karam: Houston’s Favorite Commercial Proper...

Jerome Karam: Houston’s Favorite Commercial Property Owner

  • April 21, 2021
  • 0 comments
  • Craig Fischer
  • Posted in Business
  • 0
0
SHARES
FacebookTwitterGooglePinterest
RedditTumblr

Jerome Karam, Houston’s founder of JMK5 Project Developments, has extended his ambitions for community development to two small Galveston apartment buildings at 717-725 Broadway. The units contained will be converted to short-term rentals as leases expire, meaning that nobody is going to be kicked to the curb. 

Coming Attractions in the Works

Mr. Karam has also gotten his hands on several pieces of property that date back to the 1930s: A four-plex called Sonja and 12-plex called Riviera. These properties have long been under the care of the seller, DRE Properties LLC. 

Jerome Karam, one of Houston’s largest commercial property owners, has high hopes for all these new additions under his oversight. 

“We’re not going to just kick anyone out,” Karam said. “As leases expire over the next few months, we’ll be in transition.”

Texas has gotten to know Jerome Karam; Houston has too, with the way he’s made major redevelopments of high-profile properties, including Falstaff Brewery, located on 3301 Church St. His know-how turned that building into an event center and storage facility, and it isn’t stopping there. There’s the add-on of a boutique hotel. 

Only Jerome Karam, Houston’s project development expert, could take rubble and turn it into diamonds like that. 

As for the apartment properties, they’re perfect for short-term rentals because of how close they are to the beach and also to the University of Texas Medical Branch. 

There is also parking already at the properties, which is something Galveston isn’t used to seeing. This is usually a point of enthusiastic discussion with short-term rentals. 

Airbnb Prospects

If you ask Jerome Karam, Houston’s potential for Airbnb-style service is bursting at the seams. “Each of these properties has Airbnb possibilities.”

A little TLC and location are ripe material for the website.

When renovations are complete, the units will boast the features of various themes. Fun and function are both aims for Jerome Karam, Houston’s property development artisan.

Pinnacle Park Coming Attractions

Remember when there were stories about a Houston developer planning a luxury apartment in League City’s Pinnacle Park? Stories are about to become a reality. 

All that’s left is approval from the planning department and League City council. We’re looking at a 300+ unit complex at Pinnacle Park. 

As great as this is, there are naysayers. Some leaders of League City have shot down proposed developments arguing that they would attract crime and drive down property values, not to mention bring in more traffic on the streets and overcrowd the schools. 

Apartments are top cash cows for local governments and suck up more city resources, others have said. 

But on the plus side, the apartment complex would supply a captive audience to Pinnacle Park, where there stands to be a substantial increase in traffic to local business. Anyone that rented from the place when Jerome Karam was done with it would have some disposable income. 

What About The Beach?

Will Galveston see a real beach development? Parties involved are looking for the chance to add four stories of wood framing over a concrete podium at 230 E. Beach, according to city records. 

Which would be wonderful, by most accounts. 

We’ll have to see what Jerome Karam has in store. 

Craig Fischer
Craig Fischer

Related Posts

Shared Office Space Agreements 101: What You Need to Know Before Signing
0 comments
Business

Shared Office Space Agreements 101: What You Need to Know Before Signing

buying TikTok views
0 comments
Business

Role of TikTok views in your social media marketing plan

0 comments
Business

10 Ways Restaurants Can Improve Their Point-of-Sale Experience for Customers

Do Not Believe in These Myths Related To Carpet Cl...

  • April 20, 2021
  • 0 comments

4 Ways to Effectively Outsource Business Processes

  • April 25, 2021
  • 0 comments

Share this

0
SHARES
FacebookTwitterGooglePinterest
RedditTumblr

Related Posts

Shared Office Space Agreements 101: What You Need to Know Before Signing
0 comments
Business

Shared Office Space Agreements 101: What You Need to Know Before Signing

buying TikTok views
0 comments
Business

Role of TikTok views in your social media marketing plan

0 comments
Business

10 Ways Restaurants Can Improve Their Point-of-Sale Experience for Customers

0 comments
Business

7 Strategies for Optimising Payroll Accounting to Drive Business Growth

Do not miss

Shared Office Space Agreements 101: What You Need to Know Before Signing
0 comments
Business

Shared Office Space Agreements 101: What You Need to Know Before Signing

gallery+10 Items

TOP POSTS

Shared Office Space Agreements 101: What You Need to Know Before Signing
0 comments
Business

Shared Office Space Agreements 101: What You Need to Know Be...

  • May 17, 2023
  • 0
  • 7
buying TikTok views

Role of TikTok views in your social media marketing plan

  • May 6, 2023
  • 0
  • 19

Why Is It Important to Support Local Farmers?

  • May 1, 2023
  • 0
  • 6
Patient Navigation

TradingView Alerts: How to Set Them Up and Make Them Work fo...

  • April 29, 2023
  • 0
  • 6
gallery+10 Items
The key to victory is discipline, and that means a well made bed. You will practice until you can make your bed in your sleep.

REcent post

buying TikTok views
Business

Role of TikTok views in your social media marketin...

  • May 6, 2023
  • 19

HOT POSTS

1

The Boom in Transcription...

  • February 4, 2020
  • 0
  • 67
2

Safety measurement measur...

  • May 14, 2020
  • 0
  • 55
3

8 Tips to Help You Make i...

  • September 22, 2020
  • 0
  • 217
Copyright @ 2023 officeosetup.com | All Right Reserved. Disable responsivity