Jerome Karam in Houston, alongside his company JMK5 Holdings, has quickly become one of the most important property developers in Texas. In fact, JMK5 Holdings is one of the largest property developers in Houston, and you will often find them at the forefront of many major development projects in both Houston and the surrounding area.
Houston is going through a period of rapid redevelopment right now. These developments are often being funded by the city, private real estate developers such as Land Tejas, and Johnson Development Corp. Jerome Kerome Houston, and JMK5 Holdings are also currently invested heavily in multiple development projects throughout Houston, Texas.
World Gym Houston
This is a real estate project that Jerome Karam Houston began back in 2018. His intention is to turn the old Cossaboom Family YMCA into a self-storage facility and a five-floor gym. This would be the only five-floor gym in all of Houston.
The development of World Gym Houston is well underway now, with JMK5 Holdings deep in the renovation process. Once complete, it is hoped that the project will be able to breathe much-needed life back into the surrounding community and provide access to a gym where it was previously difficult to attend without extensive travel.
Bayou Bend Estates
In Dickinson, just a few miles from the center of Houston, Texas, Jerome Karam is currently engaged in the development of the Bayou Bend Estate. This resident real estate project aims to develop 42 luxury residential lots. These lots will be located in what is regarded as one of the most beautiful locations in the Houston, Texas, area.
JMK5 Holdings is currently engaged in the development of commercial real estate on West Walker Street, League City. The development project is still in the earliest possible stages of development. However, the aim is to develop it as a shadow space for a variety of different businesses. This could help to inject a bit of life into this area of League City, particularly if the right businesses choose to locate themselves on West Walker Street.
Right Move Self Storage Alvin
This is one of the more recently completed projects from Jerome Karam and JMK5 Holdings. The development company was able to convert an old abandoned hospital into a Right Move Self-Storage facility. The hospital had been abandoned for quite some time, so the residents of Alvin were thrilled that real estate development was taking place, which could help bring jobs into the local area.
Houston Endowment and PRODUCTORA teamed up for the development of a new $20-million office block in the center of Houston to help create a new area of business for Houston Endowment. Scheduled to be complete in 2022, this new building is likely to become a focal point for many of the wealthier people located within Houston. This is because it will become the ‘center of philanthropy.’ Houston Endowment has already had a lot of success managing philanthropic work in Houston, Texas. They are hoping that this takes that to the next level.
Houston, Texas, benefits majorly from Houston Endowment work, and they have been responsible for putting together many social programs and other similar developments throughout the city.
Galveston Bay Foundation
This is a project that is still very much in the early developmental stages, with an unknown launch date. However, the intention of the Galveston Bay Foundation is to create an educational property. When it is complete, it will include classrooms, walks, trails, a pier, and a shoreline conservation project.
The hope is that the location will attract students from around Houston and the surrounding area to come and educate themselves about this beautiful part of the state. There will also be educational opportunities available for adults.
1810 Main is a major project currently being handled by Fairfield Residential. This is a major development intended to bring much-needed residential space into the center of Houston. When completed, Fairfield Residential will have created a building with 286-units spread out over 10-floors.
UHD Student Wellness; Success Center
The rapid expansion of the University of Houston Downtown has meant that they have needed to create more recreational spaces for their students. The UHD Student Wellness; Success Center is going to help them toward achieving these aims. This center will offer both fitness and recreational opportunities in Downtown Houston.
These are just a few of the dozens of development projects currently taking place in the Houston, Texas, area. JMK5 Holdings and Jerome Karam also have several other projects that they are handling. As these projects draw more people back into the center of Houston, it is likely that development will increase even further, particularly since the city has now started to invest in their own development projects.