MILWAUKEE | MARCH 3, 2022
Lakeshore Commons Phase 1A Multifamily, a 199-unit development, represents a catalytic piece of the first phase of development within Lakeshore Commons
F Street Development, which actively invests in commercial real estate across the United States, today announced the launch of the Lakeshore Commons Phase 1A Multifamily Development investment opportunity. Lakeshore Commons is an expansive three-phased residential community that will provide 716 new residential units along the shores of Lake Michigan over the next 7-10 years, including a mix of rental apartment units (429 total units), as well as for sale single-family and townhome units (287 total units). The Phase 1A Multifamily Development is the first phase of rental apartment units.
Lakeshore Commons Phase 1A Multifamily, a 199-unit development, represents a catalytic piece of the first phase of development within Lakeshore Commons and will spur engagement and activity throughout the rest of the community. This investment opportunity aligns with our investment thesis of developing quality Class A multi-family housing in under-served markets in Wisconsin by incorporating well-crafted design, and amenity-rich features to provide residents with a desirable community to be proud to call home.
“I cannot adequately express the excitement City leadership has in partnering with F Street Group to make this development vision a reality” said Dan Bukiewicz, Mayor of Oak Creek. “Our earlier goals and efforts involved restoring the lakefront to the public through parks, trails, and open spaces. We achieved that with the beautiful Lake Vista Park, and we continue to imagine additional park features along the shoreline and on the bluff. The Lakeshore Commons project represents the initial private development side of our City master plan.”
The city is investing approximately $30 million in new infrastructure to the site, across three phases. Phase 1 is receiving $14.62 million for new roads, utilities, and amenities that enhance the neighborhood and connect the community to neighboring parks and trails.
The Phase 1A investment, which is looking to raise $5,160,000, is currently available to accredited investors for private placement subscription with a $50,000 minimum investment and will provide an initial 7% preferred return and equity ownership shares in the development. For more information, visit our investment details page here.