O: 313-872-1300 ext. 23
Jerome Eagger, is a current Principal Broker of Summit Commercial LLC. His responsibilities consist of overseeing day to day business operations and generating leads for both brokerage and development opportunities. Mr. Eagger was a former Vice President of Farbman Group Development for eleven years. His primary responsibilities focused on the planning and implementation of projects in all areas of real estate, including residential, commercial and industrial with a strong focus on residential housing.
Mr. Eagger has completed over $10,000,000 of real estate transactions in the past 5 years. Mr. Eagger has completed several significant projects. He recently completed the renovation of a landmark historic apartment complex. The historic Garden Court Apartments consist of 65 apartment units that were converted and sold as condominium units. It was an $11,000,000 project that started in July of 2005 and was completed in November of 2007. Mr. Eagger worked in conjunction with Mr. Ben Smith (another former Farbman Development vice president) as the owner representatives for the downtown YMCA. Mr. Smith headed up the project and Mr. Eagger assisted in managing Government and City municipality approvals necessary for the project. All presentations before City Council or Planning and Development were handled through the team of Ben Smith and Jerome Eagger. This $32,000,000 project obtained its certificate of occupancy in December of 2005.
At the end of 2003, Mr. Eagger served as an employee on loan to the Wayne County Prosecutor’s Office, enlisted by former Wayne County Prosecutor, Michael Duggan to oversee the project’s real estate interest. Mr. Duggan created the Wayne County Drug House Program to make a positive impact in the community by eliminating the active drug houses in his jurisdiction. Mr. Eagger centered his attention on setting the values of the homes that were sold through auction and encouraged bids from private individuals and non-profit organizations. The program was recently named one of the nation’s 50 most innovative government programs by Harvard University. The program is in the running for top honors in Harvard’s 17th annual Innovations in American Government Awards, which means the area could win a $100,000 grant to tout and spread its work.
Mr. Eagger was active in the Downriver Brownsfield Consortium that created a template for redevelopment, giving Developers and landowners invaluable insight for successfully redeveloping Brownsfields. Mr. Eagger also assisted in the disposition of a major downtown office complex on behalf of Detroit Public Schools.
Prior to joining Farbman Development Group in March, 1997 Mr. Eagger spent three years with a commercial appraisal company in Ann Arbor, Michigan. He has extensive appraisal experience with a strong background in condemnation appraisals. In 1996, Mr. Eagger provided research and valuation assistance to the Wayne County Stadium Authority for its land acquisitions for new stadiums for the Detroit Tigers (Comerica Park) and Detroit Lions (Ford Field).
Mr. Eagger has a background in residential sales and construction through employment experiences in Charlotte, North Carolina and Hilton Head Island, South Carolina. He is a native of Detroit, graduating from Pershing High School, then earning a degree in marketing from Wayne State University in 1985. Mr. Eagger holds a Real Estate Broker’s license and a Limited Appraiser’s license.