| Draper and
Kramer was begun as a partnership in 1893, by Arthur W.
Draper and Adolph F. Kramer, with the aim of providing real
estate financing and management services to the rapidly
growing city. Incorporated in 1927, today we're involved
in the development, marketing, management and financing
of office buildings, retail facilities, multi-unit residential
properties, industrial complexes and shopping centers.
Our people are interwoven
with the re-emergence of Chicago as a thriving metropolis.
In the late 1950's and 1960's,
Draper and Kramer helped to radically alter the face of
Chicago's near south side. We developed the 1,700-apartment
community, Prairie Shores, located between two major hospitals.
We consulted with New York Life Insurance Company in the
development of the 2,009-apartment community Lake Meadows.
This community was the first federally mandated urban redevelopment
project in the country. These succesSFul urban redevelopment
under-takings were major factors in Michael Reese Hospital's
decision to remain at its south side location.
When the University of Chicago
recognized a need for economically priced housing for its
faculty following WWII, Draper and Kramer responded. We
developed and managed apartment communities targeted to
their needs. That succesSFul Hyde Park development continues
to meet the needs of the University of Chicago community
today.
Draper and Kramer continues
to be a major factor in the rebirth of Chicago's South Side.
In the 1980' s, a consortium
of Chicago' s largest and most esteemed corporations,
financial institutions and leaders, including Ferd Kramer,
set a goal to revitalize Chicago. By that time shoppers
had abandoned south State Street. Restaurants had folded
and theaters went dark. But through this group's planning,
Chicago's Dearborn Park emerged and created a formula
that other cities use to turn fallow land into vibrant,
thriving neighborhoods. Click here to learn more about
At Home in the Loop
by Pulitzer Prize winning author Lois Wille.
Just north of the Loop
and a block from Michigan Avenue, Draper and Kramer set
the tone for a whole new shopping and residential mecca.
The dramatically beautiful new apartment building, appropriately
called The Chicagoan was built at the corner of Rush Street
and Chicago Avenue, and immediately won numerous architectural
and other awards. Recent Streetervillle condominium conversions
include 401 East Ontario and The Grand Ohio.
Draper and Kramer's newest
development, The Palmolive Building, promises to set new
standards of excellence as Chicago's premier residential
address. |
equal
housing opportunity
