Responsible Urban Renewal With Beal Properties
Beal Properties is one of the most respected property management companies in the city of Chicago. For over 30 years, Beal Properties has maintained residential buildings in a diverse array of neighborhoods in the Chicagoland area. They’re a presence in areas like Wrigleyville, Highland Park, Evanston, Logan Square and Lake View.
Like many urban communities, Chicago has seen an influx of young urban professionals since the turn of the century. In some ways, this has created pressure in the housing market. Beal Properties has always been committed to helping neighborhoods improve without gentrifying. The team at Beal knows what makes their buildings special. They have no desire to make good, long-term tenants uncomfortable.
At Beal Properties, the goal is always to see improvement. The team at Beal believes it’s possible to make a community better without making it overpriced. Conserving what makes a property great is key. This isn’t just limited to the tenant population. Beal Properties also takes the historical character of the buildings they own into consideration. For example, Beal Properties has been known for deconverting condos.
Deconverting condominiums is a great way to make more affordable housing available to more people. Originally, many of these condos were apartments. After being converted to condos, demand was not as strong as expected. Beal Properties has helped create more housing in a tight market. This company handles all kinds of spaces, from high rises to more classic, garden-style apartment buildings.
This has been a great way to reinvigorate whole neighborhoods. When condos sat empty, it affected the whole environment. Less foot traffic meant local businesses suffered. Unoccupied units meant that the neighborhoods were less safe. Finding a way to make these spaces vibrant and full of life wasn’t just good business. It was a great thing for the city of Chicago.