Draper and Kramer Launches Construction in Wrigleyville
Draper and Kramer, Incorporated launched construction on a seven-story, 120-unit mixed-use development at 949 W. Dakin St. in the North Side’s East Lakeview neighborhood. Located two-and-a-half blocks north of Wrigley Field, the transit-oriented development replaces a single-story structure whose tenants included Ace Hardware, which is expected to fill a portion of the project’s retail space.
“Our development at 949 W. Dakin fills a niche in the local apartment market by bringing a boutique rental property to one of the North Side’s most popular neighborhoods,” said Todd Bancroft, Draper and Kramer’s CEO.
He added, “Wrigleyville, in particular, has seen a wave of new mixed-use projects that have transformed the area into a year-round destination for visitors and, increasingly, a full-time home for Chicagoans.”
Draper and Kramer financed the project through the Chicago regional office of the U.S. Department of Housing and Urban Development (HUD). Gershman Mortgage acted as the HUD lender.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).