CHICAGO, IL - M&R Development announced it has begun construction on a 236-unit luxury apartment building on Lake Michigan in St. Francis, Wisc., an inner-ring suburb located only 5 miles south of downtown Milwaukee. The project, 4200 On The Lake, will feature one- and two-bedroom units, extensive amenities and sweeping views of both the lake and the Milwaukee skyline. Building delivery is targeted for spring 2021. M&R is co-developing the project with Campbell Capital Group, LLC.
“We’ve always had one eye on the Milwaukee area, especially the stretch that runs south of the city to the airport – good job growth, easy access to I-94, great lake views – as it checks a lot of boxes,” said Anthony Rossi, Sr., managing partner, M&R Development. “In fact, we looked at this site 20 years ago, but the timing wasn’t right. You only get one chance to build your first project in a different state, so we wanted to make sure we did it right. Our patience paid off. We secured the best parcel on this site, perched on a bluff with incredible views of Lake Michigan to the east and the city to the north.”
Located at 4200 S. Lake Drive, the community will offer apartments with 9-foot ceilings; quartz kitchen countertops; cultured marble bathroom vanities; tub and shower surrounds with subway tile; and full-size washers and dryers. Most apartments come with a balcony and select units also include walk-in closets.
Community amenities will be housed in a two-story clubhouse and include an entertainment kitchen with large dining table; 24-hour coffee bar; private lounge; state-of-the-art fitness center; fitness studio/yoga room featuring on-demand programs; business center with private conference rooms and work stations; and self-service package room with 24-hour access. Additionally, the building includes underground, heated parking; pet washing station with grooming table and dryer; storage lockers; complementary bike sharing station; personal bike storage and repair station; and outdoor grills with seating. Most notably, 4200 On The Lake will include a large open courtyard with an outdoor swimming pool featuring a sun ledge that overlooks Lake Michigan. According to Rossi, the amenity-rich property will offer residents true waterfront living in a resort-like setting.
The proximity to Lake Michigan, the neighboring Oak Leaf Trail, and miles of uninterrupted waterfront park land make biking a popular recreation option for residents in the area. As at all M&R-developed properties, 4200 On The Lake will provide a complementary bike sharing station where residents can “check out” a bike to take a ride and return it when finished.
Across the street from the community is St. Francis High School, while Milwaukee’s popular Bay View neighborhood is only a short drive or bike ride to the north. Downtown Milwaukee is less than 10 minutes by car, putting residents within easy reach of major employers and popular Milwaukee attractions, such as the Historic Third Ward; Henry Maier Festival Park, home to the Summerfest music festival; the Harley-Davidson Museum; the Santiago Calatrava-designed Milwaukee Art Museum; and the new Fiserv Forum, home to the Milwaukee Bucks.
“Downtown Milwaukee has undergone a dramatic revitalization over the past few years, so there’s certainly no shortage of cultural attractions for residents of 4200 On The Lake to enjoy,” said Rossi. “And when it comes to a work commute, this building offers unbelievably easy access to the airport and I-94, whether residents are working in the city or suburbs. Plus, we’re just 35 minutes from the Illinois border.”
M&R Development is the project’s developer with Campbell Capital Group, LLC serving as co-developer. Project financing is being provided by CICB. Madison, Wisc.-based Stevens Construction is serving as general contractor and RMK Management will be handling leasing and property management.
For more information on 4200 On The Lake, email 4200onthelake@rmk.com For more information on M&R Development visit www.mandrdevelopment.com