operates over 5,700 multifamily housing units.Renting an apartment you can get more spending less, actually saving up to 50% in comparison to an hotel or to a bed & breakfast: The firm has acquired and repositioned over 3,000 units of multifamily housing in the Midwest. Among its Milwaukee‐area developments are East Pointe, a 9‐block redevelopment of a vacant freeway corridor north of Milwaukee’s CBD University Club Tower, a 36 story, $100+ million high rise luxury condominium tower on Milwaukee’s lakefront and The North End, a 650‐unit, $175+ million reinvestment in downtown Milwaukee incorporating the city’s first Fresh Thyme Farmers Market store. Founded in 1991, Mandel Group has developed or transacted over $1 billion of residential and commercial real estate development. is a national award‐winning builder and developer headquartered in Milwaukee. Financing for the project is led by Anchor Bank, fsb.Ībout Mandel Group: Mandel Group, Inc. DoMUS Apartments is designed by HGA Architects and Engineers, whose offices are located next door to the DoMUS site. Prior to that time it was an ancillary parcel associated with the Third Ward’s manufactured gas plant, which was located on the property where Gaslight and Corcoran Lofts are built today. For the past 60 years the DoMUS site has been used as a 164‐stall surface parking lot. In more dense, desirable areas of Rome wealthy owners found that they could only build “up” versus “out” to satisfy their needs. The name “DoMUS” is a loose derivative of a term used to describe luxury homes in ancient Rome. We’re looking forward to setting a new standard for luxury apartments that meets the expectations of people coming out of higher‐end single family homes.” Mandel has used a similar approach on its developments recently completed in Shorewood, Whitefish Bay and Brookfield. “The level of finishes, design of apartment homes and the overall presentation of the property will really outshine the “For a long time we’ve wanted to supplement our current inventory in the Third Ward and in particular dedicate a portion of our offering specifically to an older demographic” Wiegman added. Mandel’s two adjoining apartment communities, Gaslight Lofts and Corcoran Lofts, are 96% occupied, Wiegman explained. “This will also allow us to deliver completed units in the late spring of 2017, when traffic for new apartments peaks in Milwaukee.” “We’ve timed construction so that a bulk of the excavation and piling work occurs during the winter” explained Andy Wiegman, Vice President of Development & Construction for Mandel Group. Past projects completed by CD Smith include the adjoining Hansen’s Landing and Harborfront condominiums, Breakwater Condominiums, the Global Water Center and the nearly‐completed Kimpton Hotel on Broadway in the Third Ward. The building will be constructed by CD Smith, one of Milwaukee’s most active general contractors. “The personal training offering will be dovetailed with a one‐of‐a‐kind fitness center to cater to residents’ focus on health and wellness” Monnat added. Mandel is in discussions with a personal training studio to occupy 4,000 square feet of the ground floor. Included in the amenities are an expansive fitness facility overlooking the Riverwalk, a fully appointed social lounge with outdoor terrace, a pet grooming studio and bike repair shop.
DOMUS APARTMENTS FULL
The project will feature a full range of enhancements including indoor heated parking, building‐wide access control and video surveillance systems, private balconies and resident amenity spaces. We’ve essentially bifurcated the building and have created a unique opportunity for empty nesters on the top two floors.” “Unfortunately, the development that’s been occurring to date is focused on smaller floorplans that are geared toward millennials. “Every week we hear from prospective residents in their 50’s, 60’s and 70’s wanting a high quality living experience in a generously sized apartment home,” Monnat explained. “The renderings of the completed project show a building that has been carefully considered and that responds incredibly well to the advantages this site offers.”ĭoMUS will feature two penthouse floors with oversized floorplans intended to attract empty nesters who have been substantially underserved by the current wave of apartment building. Monnat, Partner and Chief Operating Officer of Mandel Group, Inc. “This has been a long time coming however we feel that it has been worth the wait” commented Robert B. Occupancy is expected to occur in mid‐2017.
The 132‐unit, six‐story apartment community will begin construction immediately. announced that it has closed its financing for the long‐awaited DoMUS apartment development in the Historic Third Ward.
MILWAUKEE, WI | Milwaukee‐based developer Mandel Group, Inc.
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