In an age where so many people are only worried about themselves, community plays a significant role in bringing everyone together and having a sense of pride. For Jerome Karam of JMK5 Holdings, his unique approach to real estate can have a more significant impact on developing a community than people realize.
Why is community so important? Can Jerome Karam impact communities with redevelopment projects on the commercial and residential sides? Before diving into what Jerome Karam’s accomplished, it’s essential to know why developing community matters.
A Sense of Pride
Whether it’s a small town or a section of a big city, everyone has pride in where they call home. Sure, some people enjoy making fun of their hometown every once in a while, but they are protective about where they come from. It’s common for people to take pride in their community, which means they get excited when it gets a boost or something changes.
Jerome Karam has worked in several areas where once prideful community sections fell on hard times. A thriving business arrived and left, leaving those surrounding the area wondering if magic would ever be re-captured.
New businesses are up and running by redeveloping property in familiar buildings. Jerome Karam’s Houston team with JMK5 Holdings loves finding ways to keep the integrity of an area intact. It calls back to the history of the community while also moving forward.
Whether it’s businesses supporting other businesses or residents embracing something new, a strong community can create stronger bonds. Generally speaking, this benefits everyone as it keeps people local instead of having to go elsewhere.
Communities stripped of businesses and forced to look at poorly kept and vacant buildings can start weighing on everyone. Devalued property prevents people from making connections within their community. Once buildings start to come back to life, stronger bonds are attainable.
A community falling on hard times lacks the type of inspiration to motivate others. When a community starts to see redevelopment, it makes a positive impact very quickly.
Sometimes, it takes someone to get the ball rolling in a community to inspire others. It could mean turning an old building into residential opportunities.
Whatever the case is, inspiration goes a long way toward building a solid community. No one likes to be left behind when changes are for the better.
When every community makes a turn for the better, it can usually be traced back to inspiration from a certain step in the right direction. Sometimes it’s shocking how a small amount of inspiration can make a huge impact.
Jerome Karam and his team at JMK5 Holdings try to uplift and inspire the community through their real estate rebuilds, providing places for communities to gather and build off each other.
Communities go through both good times and bad throughout history. A lot of community success comes down to handling bad times. If businesses are leaving and the housing market is going downhill, a community that shows resilience can figure out ways to bounce back.
Redevelopment projects can be challenging at times, but exemplary leadership can make all the difference in the world. Jerome Karam has always been careful about the type of projects he picks. Resilient communities will always react better because they see the difference a new development can make.
Nothing will change overnight, but a great start can kick off something bigger and better. A community that proves resilient can get through any challenges along the way.
Improving All Types of Communities
People initially think of communities as where they live and the neighbors and businesses that make that area up. The truth of the matter is that communities can be bigger or smaller.
Whether it’s an organization, a club, volunteer groups, or professional development options, a more robust overall community can also impact these small communities.
People feel more inclined to join and be part of the community when they see that it can be successful. Being able to see the impact redevelopment can make on where they live proves how properties could be utilized in a different way on a different scale.
The only way for smaller communities to thrive is if the big ones find success. When a specific part of the Greater Houston area experiences redevelopment to an extent, people are encouraged to get out there and be part of the community in various ways.
Jerome Karam’s Houston team knows and understands the potential of so many different properties and strives to help the community see that too.
Why Community Still Matters
Jerome Karam spends a lot of time in the Greater Houston area. While those outside the area might lump everything together as Houston, many distinctive communities make up the metropolitan area.
Many of these communities would love to hold onto history and have something unique about them that makes their place one of a kind.
Utilizing existing buildings with redevelopment projects can be one of the best ways to impact a community positively. Projects take a shorter time to complete, and there’s no tearing down of historic buildings.
There’s a lot of history in communities, and many people don’t react well to buildings coming down if they don’t have to.
Jerome Karam’s Houston team at JMK5 Holdings aims to step into every community and make a positive impact before leaving. Challenges come and go along the way, but his team has enough experience that they figure it all out.