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October 13, 2014. Gorman & Company, Inc.  Gorman & Company, Inc. was founded in 1984 with a mission of creating high quality commercial/residential developments.

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Presentation on theme: "October 13, 2014. Gorman & Company, Inc.  Gorman & Company, Inc. was founded in 1984 with a mission of creating high quality commercial/residential developments."— Presentation transcript:

1 October 13, 2014

2 Gorman & Company, Inc.  Gorman & Company, Inc. was founded in 1984 with a mission of creating high quality commercial/residential developments with the goal of revitalizing communities though the use of public/private partnerships.  Gorman works side by side with civic leaders, urban planners, preservationists, and concerned neighborhood organizations to turn community liabilities into community assets.  Completed over 70 projects including over 50 affordable developments in Wisconsin  Completed 20 historic renovations to date.  See more on our portfolio at

3 Project Completion Gorman Style  We financially model all of our own projects.  We do our own design of every project.  We do our own cost estimating and we are the general contractor for every project.  We manage our own projects that we design and build.  We make it a priority to maximize local contractor participation.  Ted Matkom is the one sole source contact for any issue with the project as a whole.  We have completed 20 historic projects which have turned historic buildings into housing using historic tax credits.

4 Sherman Park Commons

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7  Partnership with Sherman Park Neighborhood Association, Milwaukee Dept. of City Development, and Milwaukee Public Schools  Renovation of former Jackie Robinson Middle School, built in 1926  68 Senior apartments  Completed July 2012

8 Kunzelmann-Esser Lofts

9 Knitting Factory Lofts

10 Blue Ribbon Lofts

11 Milwaukee County 60% Income Levels  $29,580-48,960  Sampling of Resident Employment  US Bank Teller - $26,219  Guarantee Bank Teller - $19,000  Associated Bank Teller - $23,000  Dental Practice Receptionist - $19,960  Blues Egg Kitchen Staff - $17,286  Aurora Office Accountant - $22,000  Animal Hospital Veterinary Assistant - $20,500  Fed Ex Counter Clerk - $26,000  Hotel Bellhop - $15,600  Non-profit Social Worker - $31,320  Furniture Sales Rep - $18,000  Bakery Assistant - $19,500

12 St. Adalbert’s Site Plan

13 St. Adalbert’s Basement Plan

14 St. Adalbert’s Gym Plan

15 St. Adalbert’s 1 st Floor

16 St. Adalbert’s 2 nd Floor

17 St. Adalbert’s Initial Proposal – Timeline  September 2014 – submittal rezoning application and initial review by plan commission  October 13, Community Information Meeting on Proposal  December 2014/January Public Hearing on Proposed Rezoning for Development  February 2, 2015: Submit WHEDA LIHTC Application  May 15, 2015: WHEDA Award Date  November 1, 2015: Closing with lender and investor & Construction commencement  October 31, 2016: Construction completion  December 31, 2016: Lease-up completed.

18 ANY QUESTIONS? Ted Matkom Wisconsin Market President Gorman & Company, Inc. (414)


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