Brass Works Apartments
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Project Links
2020Year Built |
73Total Units |
Mixed-UseDevelopment |
General Capital recognized the demand for high quality affordable housing in the City of Delavan, a picturesque tourism-intensive community west of Lake Geneva. In seeking an appropriate site, a large industrial building became available and General Capital seized the opportunity to renovate an historic building in the heart of the community. The former George W. Borg Corporation facility was built between 1943 and 1956, at the height of WWII. In 1942, Borg Corporation was awarded a large government contract to manufacture ammunition components, including the famous “proximity fuse” used in the war. General Capital worked with the National Park Service to obtain approval for the adaptive re-use of the building into 73 workforce apartments.
The building required full restoration of the exterior brick, new historically accurate windows and other historic features. The interior is fully gutted and retrofit to create authentic loft-style residential units and community spaces. The building includes direct entry 3-bedroom units on the south side of the building. The project was supported by a TIF from the City of Delavan and an allocation of affordable housing tax credits. In addition, the property is taking advantage of federal and state historic preservation tax credits.
KEY THEMES
- Well-positioned multifamily community provides quality apartment living in the heart of downtown Delavan
- Resident-focused management emphasizes dependable services, modern amenities, and long-term property stewardship
- Central location offers convenient access to shopping, dining, employment, and everyday community services
- Technology enhancements support today's connected lifestyles through high-speed internet infrastructure and resident services
- Ongoing property investment reinforces long-term value, operational performance, and resident satisfaction
RESULTS
- Successfully operates a 73-unit multifamily apartment community serving the Delavan area
- Provides dedicated symmetrical 500 Mbps internet service to enhance resident connectivity and daily living
- Maintains an established residential community supported by active property management and resident service programs
- Offers convenient access to downtown Delavan's local businesses, services, and neighborhood amenities
- Continued investment in technology and property operations supports the community's long-term success
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