Draper And Kramer Closes Out 2019 With Acquisition And Development News

January 7, 2020


Taylor Johnson client Draper and Kramer, Incorporated, finished out 2019 on a high note with two big multifamily announcements. First, the company topped off its new apartment development under construction in the South Loop and revealed Aspire Residences as the name of the 24-story high-rise, scheduled to open this summer. Then, in one of Chicago’s final multifamily transactions of the decade, Draper and Kramer wrapped up December with the acquisition of HUBBARD221, a Class A rental tower in the River North neighborhood. Team TJ shared the news about Aspire and HUBBARD221 with local and trade media, resulting in multiple stories such as this Bisnow Chicago feature. The article, which notes Draper and Kramer’s acquisition and development strategy in the context of Chicago’s multifamily market, also references TJ client Marcus & Millichap‘s latest multifamily market report. Read the full story here.

In December, Draper and Kramer topped off Aspire Residences (left), its new luxury apartment development in the South Loop, and also acquired HUBBARD221 (right), a Class A rental tower in River North.


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