Lighthorse 4041 Recieves Urban Planning Award from Wisconsin Planning Association
Mixed Use Redevelopment in Shorewood, WI
MILWAUKEE | Mandel Group, Inc. announced today that the Wisconsin Chapter of the American Planning Association selected LightHorse 4041 for the 2013 Chapter Award Winners in the category of “Urban Design”. The American Planning Association and its chapters provide leadership through citizen and professional planners in the development of vital communities by advocating excellence in community planning, promoting education and citizen empowerment, and providing the tools necessary to effect positive change.
APAWI jurors cited a combination of near-‐term attributes and future benefits that the development embodies: “The project is a good mixed use infill project…. A great addition to this neighborhood. The project seems to solve a number of issues and should revitalize the area with new investment and activity,” In addition to planning principles, the jury noted the care taken in design of the building: “Great design for the Walgreens/Apartment/Mixed-‐Use structure. The building conceptual looks great and will really enhance the area and encourage other surrounding building owners to improve their structures.”
Ericka Lang, Planning and Zoning Administrator for the Village of Shorewood, indicated that the Village’s involvement in the LightHorse development was considered with an eye for the future. “We realized that parking, more efficient land use, and enhancement of our walkable shopping district would be best achieved through this unique partnership”, Lang commented. “The Village is pleased to see that the public has been so receptive to the concept, as evidenced by the number of leases that Mandel has already secured.”
First residents move in on September 14th. The residential units are already 60% leased. The new Walgreens store is holding its grand opening event on September 20th.
“It really takes care of a lot of challenges confronting us as we worked to re-‐invigorate this area of Oakland Avenue”, added Chris Swartz, Village Manager. “With the parking leases expiring, and the Walgreens lease expiring, the public investment in this development solves a lot of problems area businesses would have otherwise faced on their own. We could have lost several key businesses without this development coming to fruition.”
About LightHorse | 4041: LightHorse | 4041 redevelops 1.25 acres of privately owned parking lots in the heart of Shorewood’s neighborhood business district. The project is a joint venture between Mandel Group, Inc. and retail developer RE Enterprises LLC. The development incorporates 204 stalls of customer and public parking; a new 18,000 square foot Walgreens pharmacy which replaces an existing location immediately north of the project site; and 84 new luxury apartments with 115 stalls of underground parking. 20% of the apartment homes will be offered at affordable rents. The name “LightHorse” derives from the long-‐term historic use of the property and surrounding 30 acres as the home barracks, drill field and stables for the Wisconsin National Guard’s 105th Cavalry Unit – the “Light Horse Squadron”, which occupied the site and surrounding area until 1929. The development was funded in part through the issuance of tax-‐exempt financing facilitated by the Wisconsin Housing and Economic Development Authority.
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 focused on metropolitan Milwaukee and Madison. 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. Further information available at the company’s website: www.mandelgroup.com.
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