The Lockwood Development is a Michigan limited liability
company specializing in the development and production
of new and rehabilitated multiple-family housing,
congregate care housing for the elderly, condominiums
and single-family lots. The company was established
by Rodney M. Lockwood, Jr. and Carl
E. Skrzynski, in 1987, and has been directly involved
in the development of over 2,000 residential units.
Its principals have over 30 years of collective experience,
producing over 5,100 units in various residential
Lockwood Development has close working relationships
with leading professionals in the fields of market research, land planning,
landscape architecture, civil engineering, architectural design, traffic
analysis, geo-technical consulting, environmental assessment, interior design,
construction and product marketing. Within a structured framework of financial
Lockwood Development directs this team of professionals to build
attractive, cost-effective and lasting communities.
The Lockwood Development has long-term
relationships with national and local equity sources
and private and government lenders, which have provided
over $162,000,000 in financing for its developments.
In addition, through active involvement in housing
industry trade organizations and associations, the
Lockwood Development staff continually maintains an in-depth
knowledge of the latest available federal and state
housing finance programs.
Lockwood Development participates in the development of
housing in a variety of ownership roles. Whether developing for its own
portfolio, as a joint venture partner, or in a consulting role, its staff
employs the same resourcefulness and entrepreneurial spirit in pursuit of all
of its housing development opportunities.
The "quality and value" philosophy of The
Lockwood Development flows from its affiliation with Lockwood Construction Company.
Founded in 1944 by Rodney M. Lockwood, Sr., an acknowledged "pioneer of the
modern housing industry," Lockwood Construction Company has since built over
$1.2 billion of housing in the state of Michigan. Rodney M. Lockwood, Sr.
brought many innovations to the housing industry, including the furnished model
home, which are still in widespread use today.
In the 1940's and 1950's Mr. Lockwood, Sr. was called
upon by Presidents Truman and Eisenhower to serve on government task forces
trying to solve the nation's housing needs. He authored the "Lockwood
Report," which did much to alleviate housing material shortages by serving as a
blueprint for transforming the war-time economy to domestic production.
Mr. Lockwood, Sr. also led the National Association of Home Builders' move to
found FNMA. He was elected President of the National Association of Home
Builders in 1949 and later served as a Director of the prestigious Urban Land
Institute. In recognition of his vision and influence on the
post-war housing industry, Mr. Lockwood, Sr. was one of the original inductees
into the National Housing Hall of Fame in Washington, D.C.
In 1986, Rodney M. Lockwood, Jr. succeeded his father
as President of Lockwood Construction and refocused its direction as an new era
of multi-family housing was beginning. Both The
Lockwood Development and the
Lockwood Construction companies are strongly committed to preserving the
traditions and values of Rodney M. Lockwood, Sr., which have proven successful
for more than 50 years.