Monday, July 13, 2009

BizTimes.com: Real Estate: Third Ward holds up well during recession

Don’t tell the people who live and work in the Historic Third Ward that the real estate market is down. The Third Ward continues to show signs of real estate development despite a sluggish housing market.

The Third Ward has introduced a brand-new condominium association, Cityside Plaza. Currently, Robert Joseph and the Mandel Group, Inc. each have a new apartment building under construction. The Milwaukee Institute of Art and Design is currently reviewing four proposals to construct a new 250-student residence hall.

I am proud to announce that I have recently joined the sales team of Cityside Plaza. Cityside Plaza features 56 residential condominium units and one commercial unit. This newly-renovated warehouse building is located on Chicago Street, across from Rubin’s Furniture. Magnet Group of Chicago has successfully sold about a third of his units. In this month’s newsletter, I have included additional information about Cityside Plaza.

Jackson Square, developed by Robert Joseph, features 81 apartment units and about 9,000 square feet of retail space. Jackson Square is located on the northwest corner of East Menomonee and Jackson Streets.

Mandel Group, Inc. of Milwaukee is currently constructing Corcoran Lofts, a 76-unit apartment building located adjacent to its Gaslight Lofts. Corcoran Lofts will also feature retail space.

In addition, the following have made its home in the Third Ward: Cramer-Krasselt and Boelter + Lincoln, Retique, Lorena Sarbu, Embelezar, Good Harvest Market, Quality Candy/Buddy Squirrel, Javino, Taco de Bago, and The Melting Pot.


My Thoughts

I’m very impressed with the amount of real estate activity in the Third Ward. Despite a down real estate market, it is refreshing to hear about the new developments in downtown Milwaukee.

I am very excited about being part of the Cityside Plaza team. After touring the development numerous times, I am very impressed with the quality of the construction, quality of finishes, and location. In addition, it was recently announced that Magnet Group is including at least one parking space with the purchase price of the remaining condominium units. Parking in the Ward is a premium and many units in the Ward don’t include parking. Please call me at 414.412.7980 or e-mail at dray@shorewest.com if you have any questions about Cityside Plaza.


The writers for BizTimes.com write more about all of the new developments featured in the Historic Third Ward. Click here to read more about the Third Ward developments>>>


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posted by David Ray @ 3:31 PM

2 Comments:

At 8:05 AM, Anonymous Dave Reid said...

Cityside Plaze is very impressive (I remember what the building looked like), and I do hope you can sell out the place.

 
At 8:52 AM, Anonymous David Ray said...

Thank you for the comment, Dave. I'm not sure how long ago you visited the development, but they have made many changes during the past few months. If you're in the neighborhood, I will be there Wednesday (12-2), Saturday, (11-2), and Sunday (11-2). I'd be happy to show you around.

 

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