Timeline of Development Properties
1978-1996: Management of residential properties in the DePaul neighborhood
1996: Wilson Windsor Apartments (W-W) – Uptown (200 units)
At the time of purchase, W-W was a problematic building in Uptown. A small but
unruly segment of its tenants were creating an atmosphere of fear amongst the rest
of the 200 residents. Working alongside the Chicago Police Department and Chicago
Alternative Police Strategy (CAPS), utilizing on-site, full time resident managers and
24-hour desk clerks, and instituting screening as well as aggressive eviction
enforcement, the former problems were resolved within six months. To date, these
constant measures and additional alliances with healthcare providers to offer on-site
availability of medical and social service visits, continue to enhance the development
of this property.
1999: Foswyn Arms Apartments – Edgewater (88 units)
Throughout the 1990s this traditional Single Room Occupancy (SRO) building
experienced problems from small segments of its community. BPM strengthened the
Foswyn Arms Community by implementing similar measures to W-W. In addition,
BPM improved the building's structure and upgraded individual rooms to provide
healthier living conditions for the residents. These procedures, which have continued
for the past nine years, are supported by the addition of new security cameras and
more strictly enforced visiting hours.
2001: Bachelor Apartments – Uptown (55 units and retail)
Located across the street from Truman College and the site of the former ill-regarded
Wooden Nickel tavern, the complex (including both apartments and retail stores) had
been problematic to the community for 30 years. Taking a similar two-pronged
approach of improving the infrastructure and strengthening the resident community,
BPM stabilized the tenancy and recruited commercial tenants that contributed
positively to the community. These tenants included the Jane Addams Hull House,
Nicks on Wilson, and Northwestern University's School of Journalism satellite
classroom.
The significant changes made to this building effectively stabilized the blocks of
Wilson Avenue west of Clifton Avenue. Consequently, the following year, work began
on two mixed-use buildings on neighboring vacant lots once considered “too risky” for
development. These projects resulted in the opening of a Jimmy Johns restaurant
and the Magnolia/Wilson Condo Building, in an adjacent structured to the Bachelor
Apartments. In 2007, Bachelor Apartments was sold to Newcastle Ltd. who continued
to improve the property and retained BPM as management of the building.
2004: Saint Paul SRO – Edgewater (24 units)
BPM was asked by Alderman Mary Ann Smith to manage and stabilize an SRO on
Winthrop Avenue in the Edgewater community. BPM effectively turned the building into
a responsible community neighbor, which was subsequently sold to a developer.
2007: Wilson Men’s Club – Uptown (257 units)
Drawing upon its former experience, BPM is applying proven management skills to
stabilize the building and its potential occupancy of 257 residents. BPM is providing
social and medical services to its residents and screening more aggressively for
problematic tenants, with the goal of offering safe and affordable private housing to
men on low and fixed incomes. It is the ardent goal and mission of BPM to improve
this building to the standard achieved in the other previously mentioned projects.
1978-1996: Management of residential properties in the DePaul neighborhood
1996: Wilson Windsor Apartments (W-W) – Uptown (200 units)
At the time of purchase, W-W was a problematic building in Uptown. A small but
unruly segment of its tenants were creating an atmosphere of fear amongst the rest
of the 200 residents. Working alongside the Chicago Police Department and Chicago
Alternative Police Strategy (CAPS), utilizing on-site, full time resident managers and
24-hour desk clerks, and instituting screening as well as aggressive eviction
enforcement, the former problems were resolved within six months. To date, these
constant measures and additional alliances with healthcare providers to offer on-site
availability of medical and social service visits, continue to enhance the development
of this property.
1999: Foswyn Arms Apartments – Edgewater (88 units)
Throughout the 1990s this traditional Single Room Occupancy (SRO) building
experienced problems from small segments of its community. BPM strengthened the
Foswyn Arms Community by implementing similar measures to W-W. In addition,
BPM improved the building's structure and upgraded individual rooms to provide
healthier living conditions for the residents. These procedures, which have continued
for the past nine years, are supported by the addition of new security cameras and
more strictly enforced visiting hours.
2001: Bachelor Apartments – Uptown (55 units and retail)
Located across the street from Truman College and the site of the former ill-regarded
Wooden Nickel tavern, the complex (including both apartments and retail stores) had
been problematic to the community for 30 years. Taking a similar two-pronged
approach of improving the infrastructure and strengthening the resident community,
BPM stabilized the tenancy and recruited commercial tenants that contributed
positively to the community. These tenants included the Jane Addams Hull House,
Nicks on Wilson, and Northwestern University's School of Journalism satellite
classroom.
The significant changes made to this building effectively stabilized the blocks of
Wilson Avenue west of Clifton Avenue. Consequently, the following year, work began
on two mixed-use buildings on neighboring vacant lots once considered “too risky” for
development. These projects resulted in the opening of a Jimmy Johns restaurant
and the Magnolia/Wilson Condo Building, in an adjacent structured to the Bachelor
Apartments. In 2007, Bachelor Apartments was sold to Newcastle Ltd. who continued
to improve the property and retained BPM as management of the building.
2004: Saint Paul SRO – Edgewater (24 units)
BPM was asked by Alderman Mary Ann Smith to manage and stabilize an SRO on
Winthrop Avenue in the Edgewater community. BPM effectively turned the building into
a responsible community neighbor, which was subsequently sold to a developer.
2007: Wilson Men’s Club – Uptown (257 units)
Drawing upon its former experience, BPM is applying proven management skills to
stabilize the building and its potential occupancy of 257 residents. BPM is providing
social and medical services to its residents and screening more aggressively for
problematic tenants, with the goal of offering safe and affordable private housing to
men on low and fixed incomes. It is the ardent goal and mission of BPM to improve
this building to the standard achieved in the other previously mentioned projects.
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BOMBERG PROPERTY MANAGEMENT