Jerome Karam Conquers His Greatest Property Development Challenge3 min read
Property development is undoubtedly an important industry that booms in a vibrant economy. However, it comes with distinct challenges that require proper planning and innovative solutions. Strategic budgeting plays a critical role in the sector.
Jerome Karam Friendswood has become a legendary figure in property development thanks to his mercurial approach to planning. It comes as no surprise that Galveston Mayor James D. Yarbrough refers to Jerome as Dr. Impossible.
Over the years, the real estate development guru has purchased and redeveloped properties worth millions of dollars. He is the recipient of the Preservation Award. Some of his notable projects include the historical Falstaff Brewery Hospitality Room.
The same applies to the World Gym facility and Plaza Royal Executive Suites. America’s longest trampoline park, The High Altitude also falls under Jerome’s belt.
He graduated from Texas Southern University with a Juris Doctorate degree after completing undergraduate studies at Louisiana State University. He launched his career by establishing a personal injury practice and handled thousands of cases on behalf of cases.
Falstaff Brewery Hospitality Room
Jerome Karam is not afraid to take on challenging projects. He recently redeveloped the historical Falstaff Brewery Hospitality Room. The project was completed and reopened to the public after two years of renovations. The facility becomes Galveston County’s latest premier event center.
Falstaff boasts an event hall with the stylish terrazzo flooring, the rooftop patio, and a bridal room. It also features two large dining halls and a conference room. The rooftop patio provides stunning views of the county and the Gulf of Mexico.
This project is a notable achievement for Jerome Karam Friendswood in that it transforms a Galveston monument. Opened in the late 1800s, Galveston’s Falstaff Brewery is an iconic facility that re-emerged post Prohibition. Jerome acquired and redeveloped the property after it remained vacant since 1981.
The developer worked tirelessly with the municipality to bring Galveston’s Falstaff Brewery back to life. In the end, the project became Jerome’s most challenging and biggest undertaking. He expressed gratitude to his dedicated team of executives, subcontractors, and architects who worked diligently to make things happen.
The project presented many challenges due to delays and cost overruns. Jerome is proud to have conquered these setbacks to restore an iconic monument. Falstaff Brewery was vacant for 39 years and it is now back as the Events @ The Tasting Room.
Many residents of Galveston are grateful that the property has been restored, which enables them to revive their Falstaff memories.
The X factor
Jerome Karam achieves amazing things thanks to his visionary approach to business. His real estate and investment firm, JKM5 Holdings, is now a prominent entity in Texas and Southwestern Louisiana. The award-winning developer is revolutionizing the way property development works.
His exceptional talent and unique helps JKM5 Holdings stand out in a complex industry. He revived business activity in areas around Texas that had fallen on hard times following a devastating hurricane in 2008. Many businesses around the Mall of the Mainland in Texas City came back to life after redeveloped destroyed properties in the area.
He unveiled the luxurious Plaza Royal Executive Suites, the World Gym, and The High Altitude trampoline park. These developments injected life into the disused mall. Jerome is planning to introduce a climate-controlled storage facility in the remaining section of the property.
The storage facility will help revive the mall business in the area. Jerome hopes that the redevelopment will enable locals to kick start new business ventures and boost their income. Many entrepreneurs in Galveston suffered heavy financial losses following the hurricane and the subsequent closure of the mall.