BROOKFIELD, WI—Marcus Corp. has hired Milwaukee-based Mandel Group Inc. to develop 150 luxury apartment units above the planned Corners of Brookfield project here.
Anchored by Wisconsin’s first Von Maur department store, the Corners is a mixed-use, 460,000-sq.-ft.in suburban Milwaukee that will be built on a 19-acre site at the intersection of I-94, Barker Road and Bluemound Road.
The residential apartments, which will include a broad range of sizes and floorplans, will be constructed on upper-floor levels overlooking a central park space that is a focal point of the development. Amenities will include balconies, concierge, a social media center for residents, and a health and fitness center.
Mandel Group will serve as a consultant overseeing residential, development and apartment leasing. Upon completion, Mandel Property Services Inc., an affiliate of Mandel Group, will manage the leasing and operation of the upscale apartment community. In addition to Marcus, development team partners include NAI MLG Commercial, Bayer Properties, DDG Architects, Eppstein Uhen Architects and Tri-North Builders.
Robert B. Monnat, partner and COO with Mandel, says in a statement that his firm continues to find strong demand for this type of upscale housing in strategic suburban locations, with immediate access to specialty shopping and services in a town-center setting. “The proximity of the region’s high concentration of employment opportunities is a huge advantage for future residents looking to reduce their commute times,” said. “We find this type of housing opportunity particularly appealing to professional households attracted by the wide range of shopping, restaurants and services just a few steps out their front door.”
Katie Falvey, director of real estate for Marcus, says in the statement that her firm continues to make progress on the development, and plans to announce more details in the coming weeks. The company is reportedly working with the city to create a developers agreement that would allow the release of $34.5 million in tax increment financing for the project.