Misty Ridge Condominiums
2006Year Built |
68Total Units |
SoldStatus |
A Master Planned Condominium Community in the Heart of Ozaukee County
In 2006, General Capital acquired three parcels in the Misty Ridge subdivision in southern Port Washington to develop 68 single-family and duplex condominiums. The property is ideally located near the quaint downtown, numerous amenities, shopping and I-43. The initial phase includes 21 units clustered around a shared open space.
General Capital worked with a local architect to design high quality units with features more typical to a higher end market, while maintaining a more affordable price point. The units received Green Built Home and Wisconsin Energy Star Home certification, allowing General Capital to receive a lucrative federal tax credit for achieving a high level of energy efficiency.
Land, lots, and condominiums available. For information please call Sig Strautmanis at (414) 228-3502.
KEY THEMES
- Residential condominium development expanded homeownership opportunities within the Port Washington market
- Strategic location provided convenient access to community amenities, regional transportation, and southeastern Wisconsin employment centers
- Residential development responded to local demand for condominium living within an established suburban community
- Thoughtful site planning created a dedicated residential environment designed around comfortable, low-maintenance living
- Project contributed to General Capital's experience developing and managing a diverse range of residential real estate investments
RESULTS
- Completed a residential condominium development in Port Washington as part of General Capital's diversified housing portfolio
- Created new homeownership opportunities within the growing Ozaukee County residential market
- Delivered condominium housing designed to provide residents with a convenient, low-maintenance ownership option
- Advanced residential development along the Highway 32 corridor within the greater Port Washington community
- Completed the project's investment lifecycle through the eventual disposition of the residential asset
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