Gorham Street ProposalGorham Street Proposal

Gorham Street ProposalGorham Street Proposal

Will be owned operated and managed by JDM Properties a Will be owned operated and managed by JDM Properties a

Gorham Street ProposalGorham Street Proposal

Will be owned, operated, and managed by JDM Properties, a Will be owned, operated, and managed by JDM Properties, a development and management company. JSM Properties, a development and management company. JSM Properties, a company cocompany co--owned by Joe McCormick, is the downtown owned by Joe McCormick, is the downtown Madison leader in multiMadison leader in multi--family rental.family rental.

With over 1000 units currently owned and maintained, we With over 1000 units currently owned and maintained, we have the experience and infrastructure to provide support have the experience and infrastructure to provide support have the experience and infrastructure to provide support have the experience and infrastructure to provide support and management for our buildings better than anyone. and management for our buildings better than anyone.

With our financial resources, we are not dependent upon With our financial resources, we are not dependent upon rent to cover monthrent to cover month--toto--month expenses, and we are month expenses, and we are committed to bringing the best residents to the Tenneycommitted to bringing the best residents to the Tenney--Lapham Neighborhood Lapham Neighborhood Lapham Neighborhood. Lapham Neighborhood.

Joe McCormickJoe McCormick

Joe McCormick is a lifeJoe McCormick is a life--long resident of Madison and has been involved in long resident of Madison and has been involved in property management for over 26 years. property management for over 26 years. Joe is a graduate of East High Joe is a graduate of East High school and alumni of the University of Wisconsinschool and alumni of the University of Wisconsin--Madison, graduating with a Madison, graduating with a degree in construction managementdegree in construction managementdegree in construction management.degree in construction management.

Joe began his real estate career by buying and renovating a small project near Joe began his real estate career by buying and renovating a small project near the UWthe UW--Madison campus. Madison campus. Within a few years, Joe began developing retail Within a few years, Joe began developing retail spaces and building homesspaces and building homes Currently Joe is a leader in real estateCurrently Joe is a leader in real estatespaces and building homes. spaces and building homes. Currently, Joe is a leader in real estate Currently, Joe is a leader in real estate development, owning JD McCormick Properties, and real estate management development, owning JD McCormick Properties, and real estate management as an owner of JSM Properties. as an owner of JSM Properties. He has created over 2,000 rental units over He has created over 2,000 rental units over the past 26 years, both in and around the Madison area, including both new the past 26 years, both in and around the Madison area, including both new construction and historical rehabilitationconstruction and historical rehabilitationconstruction and historical rehabilitation.construction and historical rehabilitation.

Joe McCormick is dedicated to continually improving the Madison Joe McCormick is dedicated to continually improving the Madison area. area. Quality housing and property management are his passion, and he Quality housing and property management are his passion, and he remains committed to providing additional resources to the local communityremains committed to providing additional resources to the local communityremains committed to providing additional resources to the local community.remains committed to providing additional resources to the local community.

Ryan Kolar, AIA LEED APRyan Kolar, AIA LEED AP

Ryan is a licensed architect who resides in Madison, WI. He received his Ryan is a licensed architect who resides in Madison, WI. He received his Bachelor of Science degree in Planning from North Carolina State University in Bachelor of Science degree in Planning from North Carolina State University in 2003. Ryan went on to receive his Bachelor of Architecture degree the 2003. Ryan went on to receive his Bachelor of Architecture degree the following year; completed his NCARB (National Council of Architecturefollowing year; completed his NCARB (National Council of Architecturefollowing year; completed his NCARB (National Council of Architecture following year; completed his NCARB (National Council of Architecture Registration Board) internship in Chicago in 2007. He earned his designation Registration Board) internship in Chicago in 2007. He earned his designation as a USGBC LEED AP professional in 2008, and earned his architecture license as a USGBC LEED AP professional in 2008, and earned his architecture license in the State of Illinois in 2010. He has also studied at the Glasgow School of in the State of Illinois in 2010. He has also studied at the Glasgow School of Art in Scotland and Oxford University in EnglandArt in Scotland and Oxford University in EnglandArt in Scotland and Oxford University in England.Art in Scotland and Oxford University in England.Ryan has personally designed over 60 structures, 12 of those under his own Ryan has personally designed over 60 structures, 12 of those under his own name. He has won or been given distinctions in multiple design competitions. name. He has won or been given distinctions in multiple design competitions. His experience includes single family and multiHis experience includes single family and multi--family residential design, both family residential design, both contemporary and historically responsible rehabilitation and reuse for clientscontemporary and historically responsible rehabilitation and reuse for clientscontemporary and historically responsible rehabilitation and reuse for clients contemporary and historically responsible rehabilitation and reuse for clients located in Illinois, Wisconsin, Pennsylvania and Florida. located in Illinois, Wisconsin, Pennsylvania and Florida.

Selected Relevant Work:Selected Relevant Work:

2002 Residence (Arts and Crafts), PA 2002 Residence (Arts and Crafts), PA -- Award Winning for Adaptive ReuseAward Winning for Adaptive Reuse2002 Residence (Art Deco), FL 2002 Residence (Art Deco), FL -- Award Winning for Historic RenovationAward Winning for Historic Renovation2005 Residence (Arts and Crafts), IL 2005 Residence (Arts and Crafts), IL 2006 Residence (Prairie Style) IL2006 Residence (Prairie Style) IL2006 Residence (Prairie Style), IL2006 Residence (Prairie Style), IL2009 Home Series of 8 (Arts and Crafts) for developer/homebuilder in PA2009 Home Series of 8 (Arts and Crafts) for developer/homebuilder in PA

Ryan Kolar, AIA LEED APRyan Kolar, AIA LEED AP

Selected Relevant Work:Selected Relevant Work:

2002 Residence (Arts and Crafts), PA 2002 Residence (Arts and Crafts), PA -- Award Winning for Adaptive ReuseAward Winning for Adaptive Reuse2002 Residence (Art Deco) FL2002 Residence (Art Deco) FL -- Award Winning for Historic RenovationAward Winning for Historic Renovation2002 Residence (Art Deco), FL 2002 Residence (Art Deco), FL Award Winning for Historic RenovationAward Winning for Historic Renovation2005 Residence (Arts and Crafts), IL 2005 Residence (Arts and Crafts), IL 2006 Residence (Prairie Style), IL2006 Residence (Prairie Style), IL2009 Home Series of 8 (Arts and Crafts) for developer/homebuilder in PA2009 Home Series of 8 (Arts and Crafts) for developer/homebuilder in PA

NEIGHBORHOOD FRIENDLYNEIGHBORHOOD FRIENDLY

The current architecture will not change, nor will the interior The current architecture will not change, nor will the interior layout. It will stay as is, with finish upgrades in the layout. It will stay as is, with finish upgrades in the bathrooms, and rebathrooms, and re--facing common kitchens.facing common kitchens.

PUBLIC ACCESSPUBLIC ACCESS

As part of public accommodation, public open houses will be As part of public accommodation, public open houses will be held biheld bi--annually for all members of the public to enjoy the annually for all members of the public to enjoy the y p j yy p j yhistoric value of the Ziegelman House. historic value of the Ziegelman House.

COMPATABILITYCOMPATABILITYCOMPATABILITYCOMPATABILITY

The proposed use for the Zeigelman House is marketThe proposed use for the Zeigelman House is market--rate rate multimulti--family rental units. Individuals would be utilizing the family rental units. Individuals would be utilizing the building as rental units, which maintain the current Tenneybuilding as rental units, which maintain the current Tenney--building as rental units, which maintain the current Tenneybuilding as rental units, which maintain the current TenneyLapham Neighborhood Plan and all zoning requirements.Lapham Neighborhood Plan and all zoning requirements.

CONSTRUCTION STRATEGYCONSTRUCTION STRATEGY

USING LOCAL CONTRACTORS KNOWN FOR HISTORIC RENOVATIONSUSING LOCAL CONTRACTORS KNOWN FOR HISTORIC RENOVATIONS

Masonry/Framing/Plaster/Paint: TDS Construction Masonry/Framing/Plaster/Paint: TDS Construction HVAC/Pl bi D J Pl bi d H ti LLCHVAC/Pl bi D J Pl bi d H ti LLCHVAC/Plumbing: Dave Jones Plumbing and Heating, LLCHVAC/Plumbing: Dave Jones Plumbing and Heating, LLC

BEING ENVIRONMENTALLY RESPONSIBLE DURING DESIGN AND BEING ENVIRONMENTALLY RESPONSIBLE DURING DESIGN AND CONSTRUCTION: LEED IDEALISMCONSTRUCTION: LEED IDEALISM

Energy efficiencyEnergy efficiency

Water EfficiencyWater EfficiencyWater EfficiencyWater Efficiency

Materials EfficiencyMaterials Efficiency

Indoor environmental quality enhancementIndoor environmental quality enhancement

Operations and Maintenance OptimizationOperations and Maintenance Optimization

Waste ReductionWaste Reduction

646 Gorham Street646 Gorham Street

PROPERTY ACQUISITION:PROPERTY ACQUISITION:ZIEGELMAN HOUSEZIEGELMAN HOUSEZIEGELMAN HOUSEZIEGELMAN HOUSE

P t C t Building Offer: $250,000 (cash)Building Offer: $250,000 (cash) Land Lease Offer: $8,000/year @ 99 years (For a total of Land Lease Offer: $8,000/year @ 99 years (For a total of

Property Costs

$792,000)$792,000) Taxes: to be negotiated based on final purchase price.Taxes: to be negotiated based on final purchase price.

TOTAL EXTERIOR RESTORATION COSTS: $89,235 TOTAL EXTERIOR RESTORATION COSTS: $89,235 (estimated)(estimated)

Improvement Costs

(estimated)(estimated) TOTAL INTERIOR RESTORATION COSTS: $142,830 TOTAL INTERIOR RESTORATION COSTS: $142,830

(estimated)(estimated)

TOTAL FINANCIAL INVESTMENTTOTAL FINANCIAL INVESTMENT : $1,274,065: $1,274,065

704 Gorham Street704 Gorham Street

PROPERTY ACQUISITION:PROPERTY ACQUISITION:COLLINS HOUSECOLLINS HOUSECOLLINS HOUSECOLLINS HOUSE

P t C t Building Offer: $200,000 (cash)Building Offer: $200,000 (cash) Land Lease Offer: $8,000/year @ 99 years (For a total of Land Lease Offer: $8,000/year @ 99 years (For a total of

Property Costs

$792,000)$792,000) Taxes: to be negotiated based on final purchase price.Taxes: to be negotiated based on final purchase price.

TOTAL EXTERIOR RESTORATION COSTS: $21,050 TOTAL EXTERIOR RESTORATION COSTS: $21,050 (estimated)(estimated)

Improvement Costs

(estimated)(estimated) TOTAL INTERIOR RESTORATION COSTS: $158,845 TOTAL INTERIOR RESTORATION COSTS: $158,845

(estimated)(estimated)

TOTAL FINANCIAL INVESTMENTTOTAL FINANCIAL INVESTMENT : $1,171,895: $1,171,895

For more information visit:For more information visit:http://jsmproperties.com/http://jsmproperties.com/

http://jdmproperties.com/http://jdmproperties.com/

P: (608) 513P: (608) 513--58005800