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|Building Area Net||
|Call for Offers||2022-05-05|
JLL is pleased to present The Bevy Apartments, a brand-new, luxury community located in the charming village of Brown Deer, 15 minutes north of downtown Milwaukee. The Bevy offers an in-demand mix of layouts ranging from studio to three-bedroom apartments and tri-level townhomes with private garages. The Bevy is steps to quaint village retail and restaurants.
Demand for luxury living in Brown Deer is evidenced by Bevy’s rapid lease up and 8.5% rent growth on new trade out leases. This unbeatable opportunity benefits from a development TIF and available for purchase free and clear of existing debt.
• First mover, luxury rental community in picturesque bedroom suburb
• Achieving new watermark rental rates & 98% occupancy
• $7.4M remaining TIF reimbursement
• Available Free and Clear
OUTPERFORMING ASSET IN GROWING CLASS A SUBMARKET
• Rapid lease-up
• Impressive 8.5% rent growth on new leases & 7% on renewals
• 96% proj. 5-yr avg submarket occupancy per Axio
• 2021 AOMA Toby Award Winner for Best New Construction & Innovative Marketing
• Diverse home mix from studio to townhomes
• Designer finishes and custom built-ins & bevy of community amenities
PICTURE PERFECT LOCATION
• 15-min drive to downtown Milwaukee via direct highway access
• Walking distance to Village & charming retail
• Access to demand drivers & recently modernized Bayshore outdoor shopping center
• Brown Deer development underway includes new Village Square with Beer Garden and $19M road & accessibility improvement project