One of the Milwaukee area’s larger apartment portfolios has been sold to an investors groups led by two prominent developers.

A person of the Milwaukee area’s much larger condominium portfolios has been marketed to traders teams led by two well known builders.

The seven condominium communities, totaling 397 units, were being marketed by teams affiliated with Supreme Builders Inc. to teams led by Scott Yauck, chief executive officer of Cobalt Companions LLC, and Robert Joseph, CEO of Joseph Home Improvement LLC.

The apartment structures are in Oconomowoc, West Allis, Greenfield, Franklin and St. Francis, Yauck told the Milwaukee Journal Sentinel.

Supreme Builders also offered a 26-acre vacant parcel around South 92nd Avenue and West Chilly Spring Highway in Greenfield. Yauck mentioned a household growth is prepared for that web site.

The overall order selling price for the land and flats was $59 million, he reported.

Additional: A Milwaukee condominium improvement that will target persons who really don’t personal autos gains to start with city acceptance.

Much more: A new $20 million fund has been produced to provide grants for affordable apartment developments throughout Wisconsin.

Cobalt’s jobs involve Loomis Crossing, a 38-acre blended-use progress alongside West Loomis Road equally north and south of I-894 in Greenfield.

It is to feature the Greenfield Neighborhood Ice Heart, as perfectly as apartments, a hotel and health-related places of work.

Cobalt also is developing Allis Yards, a blended-use challenge that involves a Household2 Suites hotel on the east side of South 70th Road, south of West Washington Avenue in West Allis, and a Bayside venture at West Brown Deer and North Put up Washington streets which will attribute residences, retail area, health care places of work and a new dwelling for the North Shore Library.

Joseph Enhancement is partnering with Normal Money Group LLP on designs to change Western Creating Products Inc.’s previous functions in Wauwatosa with all around 500 residences.

Also, Joseph Enhancement previous drop done a 60-unit apartment constructing at 321 N. Jefferson St., in the Historic Third Ward.

Tom Daykin can be emailed at [email protected] and adopted on Instagram, Twitter and Fb.

Tale continues

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This report originally appeared on Milwaukee Journal Sentinel: Builders buy 397 Milwaukee-spot flats, land for $59 million