M&R Enters Wisconsin Multifamily Market

Multi Housing News | April 17, 2020

M&R Development has entered the Wisconsin multifamily market by beginning construction on its latest project, 4200 On The Lake. The luxury multifamily community, located in the Milwaukee suburb of St. Francis, is expected to be complete by spring 2021. The 236-unit 4200 On The Lake will offer one- and two-bedroom floorplans with most apartments equipped with balconies and some with walk-in closets. The building’s amenities will include a clubhouse with an entertainment kitchen, a coffee bar, a private lounge, a fitness center with yoga and on-demand programs, a business center, a package room, underground parking, a pet washing station, storage lockers, bike rentals and storage, outdoor grills with seating and a pool.Located at 4200 S. Lake Drive, M&R’s project will be 5 miles south of downtown Milwaukee and near Lake Michigan and the 108-mile Oak Leaf Trail. Anthony Rossi Sr., managing partner at M&R, said in prepared remarks that downtown Milwaukee has seen a revitalization in the past few years and now offers many cultural attractions for future tenants. Rossi added that 4200 On The Lake’s location also offers an easy work commute since it is close to Interstate 94 and Milwaukee’s General Mitchell International Airport. The project is being co-developed with Campbell Capital Group with project financing coming from CICB. Stevens Construction will be in charge of building 4200 On The Lake, while RMK Management will handle leasing and property management.

Spotlight

Some Highlights: 85% of homes valued under $200,000 have equity, 94% of homes valued over $200,000 have equity, 10.2% of homes with a mortgage are currently underwater

Spotlight

Some Highlights: 85% of homes valued under $200,000 have equity, 94% of homes valued over $200,000 have equity, 10.2% of homes with a mortgage are currently underwater

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