Read estate odds and ends

Multi-family development planned in Grafton
MSP Development Company Inc. plans to build a 192-unit, multi-family residential development on a 9.5-acre site south of the Pick ‘n Save store in Grafton, and north of Oak Street. The plans call for three buildings with 72 apartments, a 29-unit, 31-unit and 12-unit building. MSP is applying for tax credits for the project through the Wisconsin Housing and Economic Development Authority (WHEDA) Section 42 program for 60 of the 72 apartment units. Those units would be offered at lower rents to residents that meet the program’s income limit requirement. The apartments in the 12-unit building would be offered at market rates. In addition, the project would include a three-wing, 120-unit senior living campus with a 36-unit memory care wing, a 36-unit assisted living wing and a 48-unit independent living wing.

Goodwill plans Grafton store
Goodwill Industries plans to open a Goodwill Store and Donation Center in the former Sears store at 1715 Wisconsin Ave. in Grafton. Goodwill plans to lease and occupy the entire 21,400-square-foot building. The store will have 40 to 50 full and part-time employees. The store is expected to open in June.

Senior apartment complex planned in Pleasant Prairie
Kenosha-based Bear Realty plans to build a two-building, 46-unit “affordable” senior apartment complex at the corner of 91st Street and 22nd Avenue in Pleasant Prairie. The apartments will consist of 28 one-bedroom and 18 two-bedroom units. About 2.1 acres of the 3.2-acre site will remain as open space. The Pleasant Prairie Plan Commission and Village Board recently approved conceptual plans for the project.
In 2007 Bear Realty planned to build a condominium development on the site, but those plans were changed after the Great Recession devastated the housing, and especially the condominium, market.

Inlanta Mortgage adds Racine branch
Jack LeRose recently merged his company, SE WI Mortgage Group with Brookfield-based Inlanta Mortgage. LeRose has more than 20 years of experience in the mortgage industry. “I have always had the reputation of being able to best my competition with lower rates and great customer service. Partnering with Inlanta Mortgage has made me even more competitive,” LeRose said. “Their state of the art customer service and product knowledge is second to none and I am happy that in this tough environment I can still be one step above the competition.” “Inlanta Mortgage’s comprehensive support platform allows mortgage loan officers to focus on providing superior customer service,” said Inlanta executive vice president Nicholas DelTorto. “We feel this is integral to our company’s growth and valuable to our sales teams.”

Sobczak brokers Mandel Group’s Shorewood deal
Deborah Sobczak, principal of Eastmore Real Estate LLC, provided the brokerage services for Mandel Group Inc.’s LightHorse | 4041 development in Shorewood. The project, located on Oakland Avenue, will include 84 apartments and an 18,000-square-foot Walgreens store. Construction is expected to begin this month. RE Enterprises LLC is the co-developer on the project with Mandel Group. The project was designed by Engberg Anderson Design Partnership and will be built by VJS Construction Services Inc.

Auto parts store planned in Sheboygan
O’Reilly Automotive Store Inc. plans to build a new O’Reilly Auto Parts store at the southeast corner of Calumet Drive (Highway 42) and North 25th Street in Sheboygan.

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