The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of the 50-unit Delaware and 30-unit 632 MLK apartment communities located in downtown Indianapolis. The 632 MLK residents enjoy walkability to the IUPUI campus and the undeniable perks of living downtown. The residents at The Delaware are surrounded by popular and vibrant historic neighborhoods. Built in 2016 & 2018, these properties represent an outstanding opportunity to invest in Class A new construction in booming downtown Indianapolis.
Cushman & Wakefield, as exclusive advisor, is pleased to present The Edison Apartments, a truly unique value-add opportunity in Chicago’s Edgewater neighborhood. Originally built in 1925 as a luxury hotel to service Chicago’s wealthiest tourists, the building was converted into apartments to include studio, one- and two-bedroom apartments. In 2017, current ownership started a renovation and repositioning program that included a complete overhaul of base building systems, extensive façade repair, strategic addition and reconfiguration of amenity space and renovation of unit interiors. Edgewater continues to be an up-and-coming neighborhood in Chicago. With easy access to transit, Lake Michigan, renowned universities, and major employers, The Edison is perfectly located for today’s millennial renter who wants to be in the epicenter of new restaurants, bars, and entertainment while not being burdened with the cost of living downtown. The Edison presents new ownership an excellent opportunity to finish the remaining unit renovations while taking advantage of market rent growth in first turn renewals and new lease executions. New development in the surrounding area continues to push market average rents up, with new, class A rents exceeding $3.00 per square foot.
A 54 unit apartment building in the booming Short North Entertainment District of Columbus, OH, The Jerome was constructed in 2017 and offers a unique opportunity to invest in a Class ‘A’ asset in one of the fastest growing markets in the Midwest.
Downtown Coral Gables Location Along Miracle Mile
Fully Leased & Stabilized
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire The Mile (the “Property”) – a boutique, Class-AA, 120 apartment home high-rise located adjacent to downtown Coral Gables and its famed Miracle Mile. Developed in 2016 and owned and managed by Greystar, the Property consists of a mix of one-, two-, and three-bedroom units, along with 3,000 square feet of fully occupied ground floor retail. The Property has exceptional walkability to jobs, dining and nightlife within downtown Coral Gables, resulting in a Walk Score of 92. Further, within a one-mile radius of the Property is 8.3 million square feet of office space. The Mile’s offering is a generational opportunity to acquire a new construction, Miami-Dade luxury high rise apartment community steps from the center of its most affluent and economically robust city.