Contact: Ashley Martin
Sendik’s Towne Centre is excited to announce that luxury apartments will be the newest addition to the popular Brookfield shopping center. Phillips Edison & Company, owners of Sendik’s Towne Centre, recently closed on the sale of two outparcels, totaling two acres, to Mandel Group, Inc., the premier residential multi-family developer in greater Milwaukee. Plans for the parcels include approximately 60 apartments with high-end modern amenities.
“Mandel Group is the preeminent developer of luxury apartments in the Wisconsin market. Their luxury apartments and amenities align with our vision for the overall development, and are consistent with the development goals of the City of Brookfield. Our site is attractive due to the demographics, strength of Sendik`s Fine Foods and our plan for continued improvements to the center and merchandising mix of retailers and restaurants,” commented Scott Mitchell, Senior Vice President of the Strategic Investment Funds at Phillips Edison & Company.
Construction will begin on both apartment buildings later this year. The smaller building, located at the southwest corner of Thomson Drive and Brookfield Road, is expected to open by the end of 2014 followed by the larger building, located at the northeast corner of Thomson Drive and Richland Parkway.
“Mandel Group is pleased to be part of such a vibrant retail and office center. The development of these residences is consistent with our mission to develop walkable communities throughout the area and is a natural extension of the multi-family developments along Thomson Drive,” said Phillip Aiello, Senior Development Manager for Mandel Group.
For more information about Sendik’s Towne Centre, please visit www.sendikstownecentre.com and “Like” them on Facebook.
About Sendik’s Towne Centre:
Sendik’s Towne Centre is home to more than 30 stores, restaurants and services, including Sendik’s Fine Foods, Neroli Salon & Spa, North Star Bistro, Next Door, Bruce Paul Goodman and more. The center is located on Capitol Drive at Brookfield Road in Brookfield, Wisconsin. For more information about Sendik’s Towne Centre, please visit www.sendikstownecentre.com and “Like” them on Facebook.
Sendik’s Towne Centre is owned and managed by Phillips Edison & Company. Phillips Edison & Company is a fully integrated retail real estate company which owns and manages more than 260 properties totaling over 27 million square feet in 35 states. The company has headquarters in Cincinnati and Salt Lake City, as well as regional offices across the country. For more information about Phillips Edison & Company, please visit www.phillipsedison.com.
About Mandel Group:
Mandel Group, Inc. is a national award-winning builder and developer headquartered in Milwaukee. Founded in 1991, Mandel Group has developed over $800 million of residential and commercial real estate development, primarily in the metropolitan Milwaukee area. Among its developments in the metropolitan area 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; Marine Terminal Lofts, a $40+ million development comprised of 83 condominiums and 45,000 square feet of commercial space in Milwaukee’s Historic Third Ward; and The North End, a new downtown neighborhood planned for over 500 residences and neighborhood retail space on the site of the former US Leather tannery, one of downtown Milwaukee’s most prominent brownfield sites. Wholly-owned subsidiary Mandel Property Services, Inc. operates over 4,000 multifamily housing units. Further information available at the company’s website: www.mandelgroup.com.