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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.

Multi-Family Mixed-Use Rental Apartments Underway for Summer 2019 Occupancy

Multi-Family Mixed-Use Rental Apartments Underway for Summer 2019 Occupancy

CHICAGO, ILLINOIS – May 30, 2018 – Watermark Equity Group, LLC and Cornerstone Investment Group, LLC announced this week that Elevation Lofts, a cutting edge urban multi-family development located in the Rogers Park neighborhood of Chicago, will begin construction and is scheduled to be complete for occupancy by Summer 2019.

Sitting six stories tall, Elevation Lofts offers stunning views of Lake Michigan and Chicago’s world class skyline, a “first of its kind” for the booming Rogers Park neighborhood. Its 38 contemporary apartments will include open concept configurations, high-efficiency appliances and designer finishes for their array of studio, 1 bedroom, 2 bedroom and 3 bedroom units. Fifth floor units will include multi-level accommodations that offer sweeping skyline vistas from its oversized windows. The innovative team behind Elevation Lofts are set to provide a Class A living experience at a reasonable price, providing some of the city’s best amenities for their tenants including a rooftop deck with grilling areas, state-of-the-art fitness center, indoor community room with a fully-equipped kitchen and entertainment room, bike racks and an access-controlled parking lot. Only a 5-minute walk from CTA’s Howard Ave red-line “L” station and Lake Michigan, Elevation Lofts is an ideal choice for students, commuting professionals and outdoor enthusiasts.

“We are excited to bring the Elevation Lofts development to the Rogers Park neighborhood,” says Freddy Ellis, Chicago resident and managing partner of Watermark Equity Group. “Unlike other area developments, which often push unprecedented rent prices, we will be providing a contemporary living experience at a sensible price. Our aim is to maintain the vibrance and character of the neighborhood.”

As the northernmost neighborhood of Chicago, Rogers Park is affectionately known as the gateway to the suburbs. Conveniently positioned near Lake Michigan, downtown Chicago, and prominent local universities such as Northwestern University and Loyola University Chicago, Rogers Park is perhaps best known for its eclectic blend of cultures, ethnic restaurants and rich history.

Construction activities began in May 2018 and is managed by Watermark Properties, LLC.

About Watermark Equity Group
Watermark Equity Group specializes in residential and commercial real estate acquisition and development. Founded in 2014, Watermark Equity Group endeavors to increase the quality of life for customers, tenants and stakeholders through their properties. Since their inception, Watermark operates, in part, to provide financial assistance to the inner-city youth of Chicago Hope Academy through their student sponsorship program. For more information, please visit www.watermarkequitygroup.com.

About Cornerstone Investment Group
Cornerstone Investment Group exists to create a range of housing and commercial investments for people of all incomes, cultures and generations. Established in 1992 as a property management firm focused on Chicago’s Rogers Park and Hyde Park neighborhoods, Cornerstone’s vision remains the same: the right blend of housing and development provide more than a good investment, it can transform neighborhoods. For more information, please visit www.cornerstonellc.com.  

Please direct media inquiries to:
Watermark Equity Group
press@wmprops.com
312-813-5228

Single-Family Rental Community Readied for April 2018 Occupancy

Single-Family Rental Community Readied for April 2018 Occupancy

MINNEAPOLIS, MINNESOTA – January 04, 2018 – Watermark Equity Group, LLC and Great Lakes Management recently announced that Mills Creek, a new and exciting residential rental community located in the northwest Minneapolis suburb of Maple Grove, is currently in development with select homes to be available for occupancy by April 2018.

This rental community, a first of its kind in the Twin Cities region, will feature 66 tastefully designed stand-alone homes with a mix of 2, 3 and 4 bedroom models ranging from 1,200 to 2,000+ SF. Designed by esteemed Haven Design Group, these homes will highlight a modern farmhouse aesthetic, featuring designer finishes, open concept floorplans and a top-of-the-line amenities package aimed to attract tenants who appreciate elegant, yet gracious, living environments.

“Similar rental communities have been popping up all over the country, and we are thrilled to be able to introduce the concept in the Twin Cities market,” said Freddy Ellis, managing partner of Watermark Equity Group, “Mills Creek offers many things that traditional apartments cannot, like your own 2-car garage, private yard, and detached walls. Experience the benefits of a single-family home lifestyle while enjoying the amenities, maintenance-free living and flexibility typically offered by multifamily communities. This place is perfect for active adults looking to downsize, and young professionals or families preferring to rent instead of buying a home of their own. Not only that, but we believe the Mills Creek community is being established in the perfect location; a few minutes away from shops and restaurants at Arbor Lakes, 20 minutes from downtown Minneapolis, and in close proximity to large local employers. We’re confident that this will be the premier destination in the area to live, work, and socialize.”

Community amenities will include a clubhouse with a well-appointed business and fitness center, patios, fire pits, grilling stations and a putting green. There will also be a fitness trail encircling the property, specifically designed for running and cross-country skiing, a secluded dog park will provide a retreat for tenants with pets, and an outdoor garden for tenants to grow their own vegetables.

Construction activities commenced in July of this past year, managed by Champlin-based general contractor, Headwater Homes, LLC. The construction team also includes long-time area contractor, Gridor Construction with project designs by Whitten Associates and Alliant Engineering.

About Watermark Equity Group
Watermark Equity Group specializes in residential and commercial real estate development. Through their commitment to the communities in which they build, Watermark endeavors to continually and comprehensively increase the quality of life for their residents and neighbors. Founded in 2014, Watermark Equity Group was created and operates, in-part, to provide financial assistance to the inner-city youth at Chicago Hope Academy through their student sponsorship program. For more information, please visit www.watermarkequitygroup.com.

About Great Lakes Management
Great Lakes Management Company (GLM) is a 30-year old Minnesota based real estate firm that provides development, property management, marketing, asset management, home healthcare and consulting services to property owners and investors. GLM operates an expansive portfolio of multi- family, mixed-use, student housing and senior apartment communities along with a variety of office and retail projects.

Please direct media inquiries to:
Watermark Equity Group
press@wmprops.com
312-813-5228