MILWAUKEE | MARCH 4, 2022
Lakeshore Commons Phase 1 Townhome, a 28-unit development, is highly sought after and help fill an under-served market
F Street Development, which actively invests in commercial real estate across the United States, today announced the launch of the Lakeshore Commons Phase 1 Townhome 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 1 Townhome Development is the first phase of townhome unit sales.
These 28 townhomes in Phase 1 of Lakeshore Commons are already highly sought after, as many of our initial inquires have been for this property type, and which is not well-represented in the current marketplace. We expect these units to sell quickly given initial interest and our sale strategy.
“This has been a journey on the lakefront, it took a lot of partnership” said Andrew Vickers, City Administrator of Oak Creek. “We’ve had a decade of visioning and community conversation about what we want to see here and we were fortunate enough 18 months ago to find a development and design team that really put the work in and really crafted it.”
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 1 townhome investment, which is looking to raise $3,090,000, is currently available to accredited investors for private placement subscription with a $50,000 minimum investment. For more information, visit our investment details page here.