JSOnline: Riverwest apartments to be sold as condos
Another apartment building goes condo!This time it will happen to a nine-story apartment building located on North Humboldt in Milwaukee's Riverwest neighborhood. One-bedroom condominium units will start at $66,000 on the ground floor and top off at $102,000 on the top floor. As I indicated in the last edition of my newsletter, one of the biggest reasons why so many apartments are being converted into condominiums is a result of historically low long-term mortgage rates. Developers are trying to keep up with a record number of first-time homebuyers who are converting nondeductible rent payments into deductible mortgage interest and real estate tax payments. Other recently publicized conversions include the Landmark on the Lake and The Blatz Apartments. Tom Daykin of the Milwaukee Journal Sentinel writes more about this conversion project.
Click here to read the entire Journal Sentinel article>>>
Riverwest Currents: Closing the Gap - UWM housing proposal brings Beerline Trail closer to reality
Finally...Good news for student housing!
Pending environmental studies and federal approval, developers are planning to build a six-story, 470-bed student apartment building located on North Avenue near the Milwaukee River. This comes during a time of numerous conversions from apartments to condominiums. The target group for this development is University of Wisconsin-Milwaukee (UWM) students. Between this new development and the new Kenilworth Building located near Kenilworth and Prospect Avenue, UWMs student housing capacity will be approximately 3,100 students. The university serves approximately 28,000 students. Michael Timm, a writer for Riverwest Currents, provides more details about this new development.
Click here to read the entire article>>>
Weissgerber Opening New Third Ward Restaurant
Rip Tide Seafood Bar & GrillThe Historic Third Ward association has recently announced the arrival of the latest Weissgerber restaurant, Rip Tide Seafood Bar and Grill. The grand opening of this establishment was set for March 10, 2006. The atmosphere is being described as a fun, exciting, and casual dining experience, offering breathtaking views of the Hoan Bridge and the Milwaukee River.
Click here to read what the writers of the Historic Third Ward have to say about their newest neighbor>>>
The Business Journal of Milwaukee: Building boom creates worker shortage
The $5 billion of power plant, hospital, and office construction planned over the next several years is to blame for the recent concern of worker shortages. The problem is that too many new projects are occurring at the same time. Most notable projects are the Marquette Interchange project, the coal power plant being built in Oak Creek, Manpower's headquarters along the Milwaukee River in downtown Milwaukee, Harley Davidson Museum located in the Menomonee River Valley, Columbia-St. Mary's expansion located on Milwaukee's Eastside, along with several smaller mixed-use condominiums and hotel projects. One obvious solution to this shortage is for contractors and union groups to recruit more young, talented workers to fill these vacancies. Pete Millard, a writer for The Business Journal of Milwaukee has more to say about this problem.
Click here to read the entire article>>>
Work Downtown, But Don't Think You Can Afford To Live Downtown? Think Again!
Check out these great buys! All are priced below $200,000! Features include:
1 Bedroom
1 Bath
1 Parking Space
Cable TV Hookups
Central Air
In-Unit Laundry
All this…priced below $200,000!
Union Point: $159,900"Urban Living Redefined!" The lofts at Union Point are the Beerline's first mixed use hi-rise featuring 71 lofts, shops and cafes! Take advantage of affordable pre-construction pricing. Nine foot ceilings, private balconies, storage locker and underground parking included. Kitchens feature hardwood floors, stainless steel appliances, Corian and maple cabinets. Association exercise room and clubroom. Estimated occupancy fall '05.
Click here for more information on Union Point>>>
The Flatiron: $164,900"The Flatiron"-The Park East corridor's first new construction condo project, this mixed used brick and glass design is comprised of thirty-eight unique floor plans. Underground parking and balconies. Ground level retail, public corner plaza and one two story live/work unit. Superb downtown location combined with competition winning design! Reserve yours today!! (Occupancy November'06). Pet friendly. Two dogs OK.
Click here for more information on The Flatiron>>>
Hi-Fi Lofts: $165,000Wonderful condo in trendy Riverwest area. Open floorplan features exposed brick and beams. Cutting edge kitchen, in-unit laundry and heated floor compliment this floor plan. One indoor assigned parking space near unit and enclosed patio space complete this offering. Only a job transfer allows this unit to become available.
Click here for more information on Hi-Fi Lofts>>>
Cobblers Lofts: $179,000
Upgraded and immaculate. Breakfast bar with granite countertops. Maple floors, cream city brick and beamed ceilings. This is a great one bedroom with the bonus office/den area. Dual vanities in master bath. Contemporary paint job. Comes with one parking space and storage unit. Sweet rooftop deck and in-unit laundry.
Click here for more information on Cobblers Lofts>>>Please
contact David Ray for more information on these units or other affordable condos in and around downtown Milwaukee.
Dream Big! 4th Floor of the New University Club
University Club: Unit 401LWorld class design. Uncompromising luxury/services. Unparalled lake & city views. Elevators open to each unit. Huge 12x26 outdoor terraces. Ultra fitness center includes 3 lane lappool. 18,000 square feet of gardens including a dog walking area within the tower.
Two Bedrooms
Two+ Baths
Over 3,500 square feet of living space!
Perfect downtown location: Watch lakefront fireworks, walk to Summerfest or Jazz in the Park, and easy access to freeway.
Balconies
Two Indoor Parking Spaces
Cable TV Hookups
Central Air
In-Unit Laundry
One of Milwaukee's finest condo units, priced at $1,750,000.
Or, enjoy the same neighborhood and similar views for much less.
The Knickerbocker on the Lake: Unit 803Southeast corner on the top floor of the Nationally Registered Knickerbocker. This official two bedroom could also be a spacious one bedroom plus den with french doors leading to the living room. Seller has completely updated with gorgeous hardwood floors, stainless appliances, some new light fixtures, sparkling tile bath and new fixtures, new carpet, euro-blinds, in-unit laundry. Freshly painted with delicious color. One of two only units in the building with central air (arranged by special permit in 2004). Enjoy daily views of the lake and the city. Features:
Top floor unit
Two Bedrooms
One Baths
Fabulous views of city and lake
Cable TV Hookups
Central Air
In-Unit Laundry
All this…priced at $204,900
Click here for more pictures and information about this smashing condo.For more information, contact David Ray at 414.226.4761 X124,
dray@shorewest.com, or
DavidKnowsDowntown.com.
JSOnline: Converts to Condos: Latest twist in downtown housing
The latest trend in real estate is to convert existing apartment buildings into affordable condominiums. Investors prefer to purchase existing apartments because there is less risk involved versus purchasing vacant land and building a new structure. Mortgage rates are also fueling this conversion trend. Low mortgage rates have leveled the playing field. Many renters are now able to match what they're paying in rent to a monthly mortgage payment. In addition, many first-time home buyers are now experiencing the advantages of owning their own home - building equity and additional income tax deductions. Recent apartment-to-condo conversions include The Landmark on the Lake, Courtyard Square, The Blatz, Gallun Tannery, The Landing at Park Shore in St. Francis, and Glendale Lakes in Glendale. Tom Daykin from from the Milwaukee Journal Sentinel has more to say about this phenomenon.
Click here to read the entire article>>>
OnMilwaukee.com: Harley unveils museum plans
Harley-Davidson recently unveiled architectural renderings of their motorcycle museum expected to open in 2008. The museum will be located near South 6th Street and Canal Street in the Menomonee River Valley. In addition to the museum, Harley also plans to open a restaurant, add retailers, and incorporate meeting facilities. Harley expects to break ground on the facilities by Summer 2006. The staff writers of OnMilwaukee.com have more to say about how the Harley museum will impact the downtown economy.
Click here to read the entire article>>>
East Town Association: Jazz In The Park 2006
The East Town Association recently announced the schedule for the 2006 season of Jazz In The Park. The association is featuring sixteen performers/bands (to celebrate the event's sixteenth birthday) that have never performed at the event.
Click here for more information about the 2006 jazz season>>>
