Dwell at Middleton Market Groundbreaking Celebration

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On Wednesday, September 19, 2019, Cardinal Capital Management, Inc. and partner Treysta Group, joined local officials, investors and the community to celebrate the groundbreaking of Dwell at Middleton Market, a mixed-use development with 263 apartments and 31,000 square feet of commercial space.

Dwell at Middleton Market is the result of a unique partnership between Cardinal Capital Management and Treysta Group. "We have worked with Robin Pharo for more than a decade. We were impressed by her vision for Dwell at Middleton Market and glad to join together with her and Treysta to bring this project to life. Dwell at Middleton Market will be a unique, positive housing addition to Middleton,” said Erich Schwenker, president of Cardinal Capital Management.

One of the project’s highlights is the European-style Food Hall and Market. The Market will feature a series of stalls and shops offering high quality, chef-driven prepared foods, make-at-home food supplies and other related products with a wide range of diversity.

The apartments consist of a mix of one-, two- and three- bedroom apartments that will feature smart home and sustainable amenities. “The whole projects will embrace green amenities including a Solar Photovoltaics, electric vehicle charging stations, rainwater harvesting and on-site composting. The apartments will also focus on energy efficient lighting, heating, and water fixtures as well as feature "smart" technologies including keyless entry, light controls and more,” said Robin Pharo, president of Treysta Group.

Dwell at Middleton Market will address several City of Middleton goals set to include sustainable use, economic development and creation of housing. The development is orientated to both Laura and Lisa Lanes will substantially improve the experience in the neighborhood. New retail tenants and the Market along Lisa Lane will bring new energy and improved amenities to what is currently an underdeveloped block.

With the support of the City of Middleton in the form of TIF, coupled with Capital Partners ORIX Real Estate Holdings, LLC, Starion Bank, Developer Equity and Crowdfunded Equity through CrowdStreet, this development became a reality.  It took a collaborative and cooperative effort from all parties to complete the Capital Stack and we are most appreciative.

The architects are Abacus Architects. Cardinal Capital Management is the General Contractor. The first of the two buildings including the Food Hall and Market is scheduled to open the summer of 2020, with the second building being completed by spring 2021.



Gov. Evers Signs Bill to Reform Sign Language Interpreting Licensure System in Wisconsin

On Wednesday, July 17, 2019, Cardinal Capital Management hosted the ceremonial bill signing of Assembly Bill 250 at Water Tower View apartments in Greenfield, Wisconsin. Signed into law by Gov. Tony Evers, Assembly Bill 250, now 2019 Wisconsin Act 17, protects deaf and hearing communities with the appropriate sign language interpreter licensure processes.

“We’re working to ensure deaf and hard of hearing folks across our state have access to reliable and experienced interpreters no matter the situation or circumstance,” said Gov. Evers. “This is a critical first step toward inclusion and equity for the deaf and hard of hearing community, and, perhaps most importantly, that we are committed to making sure they have a say in the issues that directly affect their daily lives and well-being.”

Click here to view the live streaming of the bill signing ceremony: Gov. Evers to Host Public Signing Ceremony for AB 250 in Greenfield


Cardinal Receives PNC OpZone Community Development Fund, Inc. Financing for Sheboygan Project

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Cardinal is proud to be the developer for the new construction of 7Penn Apartments, a 66 market-rate development with commercial space in downtown Sheboygan, Wisconsin. 7Penn has reached a significant milestone in raising equity to finance the project. PNC OpZone Community Development Fund, Inc. is bringing nearly a $7MM investment to allow for the commencement of construction. Cardinal is excited to be amongst the first round of recipients of the PNC OpZone Community Development Fund, Inc.  

Clarke Square Apartments Groundbreaking Celebration

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On Friday, May 3, 2019, Cardinal in partnership with Journey House, joined local, state and federal officials, as well as investors and the community to celebrate the groundbreaking of Clarke Square Apartments, which is composed of two three-story buildings with 40 apartments.

Clarke Square Apartments is the result of a partnership between Cardinal Capital Management and Journey House. “Clarke Square Apartments is Cardinal's ninth supportive housing project in Milwaukee County. Each project is unique, created in partnership with city, county, state officials as well as community partners like Journey House, and local and national financial partners. We are blessed to work with such talented and mission driven people. In addition to all these organizations, we thank Milwaukee Continuum of Care, a group that has done so much to keep focus on those most in need,” said Erich Schwenker, president of Cardinal Capital Management.

The development will provide a set aside for youth who have turned 18 and aged out of the foster care system. Clarke Square Apartments will have a mix of 20 one-bedroom units, 14 two-bedroom units, and six three-bedroom units. In addition, there will be surface and underground parking. According to Journey House CEO Dr. Michele Bria, “This high quality, affordable housing is an investment in a continued focus on increasing the quality of life in Clarke Square Neighborhood and a welcome addition to our great neighborhood where children and families can play, learn, shop, worship, and live. We are grateful to all the partners who came together to make this happen.”

The $8.5 million development received financing from Wisconsin Housing and Economic Development Authority, Associated Bank, Boston Capital, Federal Home Loan Bank of Chicago and the City of Milwaukee Home Funds.

The architects are Dimension IV Madison Design Group. Cardinal Capital Management is the General Contractor. The project is expected to be complete in early 2020.


Read more about the Clarke Square Apartments and the groundbreaking in the following articles:

BizTimes, Urban Milwaukee, and Fox6 News

Construction Commences on Clarke Square Apartments

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Cardinal Capital Management, Inc. in partnership with Journey House is pleased to announce the start of construction on Clarke Square Apartments.

The $8.5 million new construction project will feature two, three-story buildings on Milwaukee’s south side, across from Clarke Square Park. The development will provide an affordable housing option to the community with 10 of its 40 units set aside for youth who have turned 18 and aged out of the foster care system.

The project will have a mix of 20 one-bedroom units, 14 two-bedroom units and six three-bedroom units. In addition, there will be surface and underground parking.

Clarke Square Apartments are being developed with financing from WHEDA, Associated Bank, Boston Capital, Federal Home Loan Bank of Chicago and the City of Milwaukee HOME Funds.

Construction will commence in spring 2019 with leasing to commence later in the fall.

For project updates, please visit Journey House’s website at http://www.journeyhouse.org/housing.html


About Cardinal Capital Management, Inc.

Cardinal Capital Management, Inc. is a social impact development company based in Milwaukee, Wisconsin and responsible for approximately 10,000 units of housing across the United States, predominantly in the Midwest.

About Journey House

Journey House empowers families on Milwaukee’s near Southside to move out of poverty by offering adult education, youth development, workforce readiness and family engagement.