Brewery Point Real Estate Case Study

Brewery Point

New Construction

CommonBond developed the first senior community in Milwaukee’s Pabst Brewery redevelopment area, which has become Milwaukee’s newest sustainable historic neighborhood. The redevelopment of the former Pabst Brewery Company includes two major university centers, offices, apartments, a hotel, and restaurants. Brewery Point provides seniors aged 55 and older with affordable homes in the central business district with panoramic views of downtown Milwaukee, in a supportive community setting.

 

The building was designed to incorporate universal design principles, and an Advantage Services Coordinator helps connect residents with community resources such as assistive technology and transportation, or assisting with the move-in process and transition. A computer lab with internet and staff assistance is available for resident use, and health and wellness programs are also offered.

Development Partners

Housing Partnership Network
Illinois Facilities Fund
Federal Home Loan Bank
Wells Fargo
Wisconsin Housing and Economic Development Authority

Financing Tools

Wells Fargo Tax Credit Equity
IFF First Mortgage
Housing Partnership Network
Federal Home Loan Bank
Deferred Developer Fee

Total Development Cost – $8,672,295