Berkshire–Stevens Point
2019Year Acquired |
88Total Units |
Berkshire Stevens Point is an 88-unit affordable senior apartment community located at 1443 Water Street in Downtown Stevens Point, overlooking the Wisconsin River. The five-story, 119,751-square-foot development offers 70 one-bedroom and 18 two-bedroom apartments for residents 55 and older, along with extensive community and gathering spaces designed to support an active senior lifestyle. The mixed-use development also incorporates approximately 5,000 square feet of first-floor community-serving commercial space.
KEY THEMES
- Affordable senior housing development expands quality independent living options for residents 55 and older in Downtown Stevens Point
- Walkable downtown location overlooking the Wisconsin River connects residents with shopping, services, recreation, and community amenities
- Mixed-use design combines senior housing with approximately 5,000 SF of first-floor community-serving commercial space
- Resident-focused planning incorporates extensive gathering, fitness, community, and social spaces supporting an active senior lifestyle
- Locally inspired design and amenities connect the development to the character and identity of the Stevens Point community
RESULTS
- Successfully delivered an 88-unit, 119,751 SF affordable senior community despite construction challenges associated with the COVID-19 pandemic
- Opened in Spring 2021 and celebrated its grand opening and ribbon cutting on May 18, 2021
- Achieved more than 60% pre-leasing before prospective residents had toured a completed apartment, demonstrating strong market demand
- Created 70 one-bedroom and 18 two-bedroom residences within a five-story mixed-use development
- Integrated approximately 5,000 SF of first-floor commercial space along with fitness, community, reading, gathering, and other resident amenity areas
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