The History of Summit & Broadway Properties

After succeeding in the oil business, the family advanced into the real estate industry. Formed in 2000, Summit & Broadway Properties is owned by the four children of Richard and Josephine Schweitzer: Rick, Mary Jo, Janine, and Mark. In the fall of 1999, after running the family oil business successfully for several years, the family found themselves in need of a larger, modernized facility. An exhaustive one year search of potential locations yielded no results, and the family decided to construct their own facility from the ground up. In September of 2000, they purchased 15 acres at the intersection of Summit & Broadway in Crown Point, Indiana, and began their development. Immediately after the purchase, designs for both the new facility and the development were put into place. By July 2002, the new facility was completed and all extra lots were sold. It was then decided to purchase 25 additional acres adjacent to the first development and began the infrastructure of Phase 2. After marketing and selling most lots in the newly created development, the family made several non-traditional purchases, such as mid-rise condos, high-rise condos, and a retail strip. Today, the majority of Summit & Broadway Properties’ revenue comes from rentals and any form of new property that could be added to the inventory.

Summit & Broadway Properties - Family Owned and Operated Since 2000