Mills Creek as Top Finalist in 2019 Minnesota Real Estate Awards

Mills Creek as Top Finalist in 2019 Minnesota Real Estate Awards

Maple Grove, MN - April 16, 2019

Watermark Equity Group is pleased to announce that one of their developments, Mills Creek, a single family home rental community has been awarded as a Top Finalist for best suburban multifamily in the state of Minnesota by the Minnesota Real Estate Journal (MREJ).  MREJ is the only standalone commercial real estate publication in Minnesota and has been covering the commercial real estate industry since 1984. Out of hundreds of nominated projects throughout Minnesota, the journal handpicks the top achieving communities for each year.  Watermark’s Mills Creek was selected for its innovation, performance, and design. Watermark Equity Group is grateful and excited to have received such a prestigious award.

Forth Worth project will turn shipping containers into apartments

Forth Worth project will turn shipping containers into apartments

More than 30,000 apartments are being built in Dallas-Fort Worth. But a small Fort Worth project may be the most unique rental community on the way in North Texas.

The 34-unit apartment project being built south of downtown Fort Worth will be constructed out of 76 steep shipping containers.

“It is truly a unique multifamily residential property,” said Steve Keys with Keywinn development, which is the general contractor. “The shipping container home residences will provide the Near south Side community a Class A, new construction living experience at an attainable price point, while satisfying a growing demand among the community for innovative, modern, and novelty living.

“Additionally, the use of new containers will allow for reduced construction costs and accelerated building timelines resulting in reduced, achievable rents.”

Called CoHo - short for container home - the development will have seven, 3-story buildings that will house studio, 2-bedroom and 3-bedroom rental units. Keys said most of the new containers used for the construction will be 40-footers.

The parking will be underground. It’s Key’s second shipping container project.

“It’s been an interesting niche market opportunity,” he said. I’m working on plans for another multi-family project using containers.”

Chicago-based watermark Properties is the developer of the one-of-a-kind rental community on West Terrell Avenue near Fort Worth’s medical district.

Fort Worth architect Matthijs Melchiors built a 3-story office complex on Evans Avenue near Interstate 35W. The Connex Office Park was constructed out of 40 shipping containers.

“It’s open, operating, has tenants,” Melchiors said.

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