Milwaukee Condo & Real Estate Scene

Riverwest Currents: Student Housing 101

If you frequently drive on North Avenue between Humboldt and Oakland, then you have probably noticed a building being built along North Avenue on the western banks of the Milwaukee River. There's a legitimate reason why I have never blogged about this new building.

RiverView Residence Hall will be the home to nearly 500 University of Wisconsin-Milwaukee (UWM) students in 2008. It appears that UWM is beginning to grow beyond its borders. RiverView is not the first UWM residential housing that is not located on UWM's property. The first was the Kenilworth Square Apartments located on the corner of Farwell and Kenilworth in Milwaukee's East Side neighborhood.

As the demand for on-campus housing has increased, UWM University Housing has begun to expand beyond the campus 'footprint'.

Daniel Ginsberg-Jaeckle, a student of UWM and Riverwest resident, contributes more about this growing need for student housing in the Riverwest Currents. Click here to read his thoughts on this issue>>>


My Thoughts On Riverwest

If you're planning on purchasing investment properties and are looking for a decent return on your investment, then I recommend looking in Riverwest. Riverwest is one of Milwaukee's largest neighborhoods (the borders are North Avenue to the south, Capitol Drive to the north, the river to the east, and Holton to the west). Riverwest, like most downtown-area neighborhoods, has been transitioning nicely during the past few years. Many condominium developers have invested a great deal of time and money improving this neighborhood's image. And it shows. Many of the homeowners have also made a commitment to improve their neighborhood's image. Rents are cheaper in Riverwest versus the upper East Side. However, property values are also more reasonable than the East Side. Therefore, as an investor, you may do very well in Riverwest. Why Riverwest? Because UWM is not far away. Many students who are looking for affordable housing alternatives are looking in Riverwest.



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Labels: Real Estate

posted by David Ray @ 5:47 PM