Zoning Committee Approves Clarke Square Apartments

On January 31, 2017, the Common Council’s Zoning, Neighborhoods and Development Committee approved the Clarke Square Apartments proposal by Cardinal Capital and Journey House, Inc.  The proposed Milwaukee southside development would feature two, three-story buildings, a combined 40 units to include housing for youth who have turned 18 and have “aged out” of the foster care system.

Read more details about the development in the following Journal Sentinel article: Zoning Committee Approves Foster Care Apartments

2016 Leadership Award

Cardinal Capital is proud to have been the Medal of Honor sponsor at the Center for Veterans Issues (CVI) Veterans Ball on November 11, 2016 at the Wisconsin Center District in Milwaukee, Wisconsin. We are glad to have supported an event benefiting the men and women of our armed services and their families who find themselves in need upon returning to civilian life. Even more so, we are honored to have been presented with the 2016 Leadership Award recognizing our outstanding leadership, dedication and commitment to serve the men and women of the armed services and their families.

We have partnered with CVI on the development of Thomas H. Wynn, Sr. Memorial Veterans Manor Apartments in Milwaukee, Wisconsin and Major General Jacob Brown Veterans Manor Apartments in Green Bay, Wisconsin, supportive projects providing affordable housing to 102 veterans.

The Germania Building: 2016 CARW Deal of the Year Finalist

Cardinal Capital and its project partner Vangard Group, LLC are proud to announce The Germania Building was named a finalist for the 2016 Commercial Real Estate Awards in the Multi Family category. The Commercial Real Estate Awards, presented by the Commercial Association of Realtors Wisconsin, celebrate outstanding achievements in and service to the commercial real estate industry in Wisconsin.

As a Finalist, The Germania Building was recognized at the 2016 Deal of the Year Event on October 19, 2016, in Milwaukee, Wisconsin. A full list of the Commercial Real Estate Awards Finalists can be found at https://carw.com/2016-deal-of-the-year-finalists/.


View the following video (at the 3:48 mark) to hear project partners discuss the details of the renovation: The Germania Building Video

2016 REME Corporate and Social Responsibility Award Winners

Cardinal Capital Management, Inc. (Cardinal Capital) and Astar Capital Management, Inc. (Astar Capital) announced today that they have been named winners of the 2016 REME Corporate and Social Responsibility Award.  They were recognized at the Inaugural Gala Dinner and REME Awards celebration in San Diego, CA on October 21st.  Details on their entry are available at REME Winners.

The REME Awards, presented by Institute of Real Estate Management (IREM), celebrate excellence in real estate management by recognizing real estate management companies and individual practitioners for innovative, leading-edge business practices and initiatives – from all asset classes, commercial or residential, and of any company size, whether local, regional, national or international.

Astar Capital and Cardinal Capital excelled in its category, showing exemplary corporate responsibility and contributions to the community that enhance the reputation of the real estate management industry through their “Growing Community Through Gardening” initiative.

The “Growing Community Through Gardening” program is a health and wellness initiative that provides healthy food options, cultivates social interaction among residents, facilitates physical activity and improves psychological well-being. With over 8,500 units of residential housing, almost 12,000 individual residents have the opportunity to be affected by this program.

“In 2015, our community gardening program was enhanced through the addition of volunteer hours provided by our corporate partners. Cash donations from corporate vendors and contractors provide the capital to purchase the supplies necessary to build, fill, plant and cultivate the garden beds,” said Chris Geiger, co-founder of the program.

Astar Capital and Cardinal Capital would like to thank: Plant Land, PCI, HAIG, Reichl Construction, Simmons Roofing and Siding, Bank Mutual, Enterprise Engineered Systems, Holton Brothers, Inc., M&H Landscaping, Reinhart Boerner Van Deuren, s.c., Cardinal Capital, First Business Bank, Erie Insurance, Kone Elevator, Kottke Construction, LLC and Home Depot.  Without their generosity of service hours, donations and support, our program would not be possible.

Thurgood Marshall Apartments Grand Opening Celebration

On Thursday, October 6th, Cardinal Capital Management, Inc. (Cardinal Capital), Milwaukee County and Wisconsin Community Services (WCS) hosted a ribbon cutting ceremony at the grand opening of Thurgood Marshall Apartments.

Thurgood Marshall Apartments located at 1918 North 6th Street in Milwaukee, Wisconsin, provides 24 one-bedroom units of permanent, supportive housing for low-income adults who are chronically homeless and suffer from chronic alcoholism. WCS provides on-site supportive services seven days per week, 24 hours per day.

Thurgood Marshall Apartments is Wisconsin's first New Harm Reduction housing development and a part of Milwaukee County's initiative, launched in the summer of 2015, to end chronic homelessness, a Housing First approach to homelessness. Housing First is based on the idea that a homeless individual or household's first and primary need is to obtain stable, permanent housing, only then can they find stability and begin rebuilding their life.

"Milwaukee County, City of Milwaukee, WHEDA, PNC, First Business Bank, Wisconsin Community Services, and Halyard Park Neighborhood Association came together to make Thurgood Marshall Apartments a reality," says Erich Schwenker, President of Cardinal Capital. "This building will serve as a path from addiction to recovery and offer individuals in need a home, as well as a chance to get their life back. It is an important step towards ending chronic homelessness in Milwaukee. Cardinal Capital was grateful to work with such wonderful partners."

A Milwaukee County Innovation Grant in the amount of $500,000, a City of Milwaukee Housing Trust Fund award in the amount of $385,000 and $300,000 from the Milwaukee County Housing Division for services were leveraged along with $2.75 million in low-income housing tax credits awarded by WHEDA and purchased by PNC Bank, and a $1.2 million construction loan with First Business Bank to create this innovative and important way to show that Housing First works in Milwaukee. 

Other partners in this effort include the Halyard Park Neighborhood Association, Milwaukee 6th District Alderwoman Milele Coggs, Milwaukee County Supervisor Willie Johnson, Housing and Urban Development, the Milwaukee County Housing Division, the Milwaukee County Behavioral Health Division and many others.

Click on the following link to view photos from the grand opening:

Thurgood Marshall Apartments Grand Opening

Click on the following articles to read more about Thurgood Marshall Apartments:

Fox 6 News Milwaukee

Wisconsin Public Radio

Urban Milwaukee