The Marcus Corporation (NYSE: MCS) today announced it has signed an agreement with Milwaukee-based Mandel Group, Inc. to direct development of the residential component within The Corners of Brookfield. Approximately 150 luxury apartments will be built above the retail shops in the open-air, town-center-style fashion development in the town of Brookfield, Wis.
Mandel Group will serve as a consultant overseeing residential design, development and apartment leasing. Upon completion, Mandel Property Services, Inc., an affiliate of Mandel Group, will manage the leasing and operation of the upscale apartment community.
“We are proud to join forces with Mandel Group on the luxurious residential apartments at The Corners,” said Katie Falvey, director of real estate for The Marcus Corporation. “Mandel is without question the premier multi-family developer in the greater Milwaukee area. Its many high-quality properties help shape and maintain the integrity of the unique neighborhoods in which they are located, both downtown and in the suburbs. Mandel’s expertise in innovative design, construction and management of stylish residential communities makes them the perfect addition to our outstanding development team.”
“Mandel Group is truly excited to have been asked by The Marcus Corporation to join the development team for The Corners. We continue to find strong demand for this type of upscale housing in strategic suburban locations, with immediate access to specialty shopping and services in a dynamic town-center setting. The proximity of the region’s high concentration of employment opportunities is a huge advantage for future residents looking to reduce their commute times,” said Robert B. Monnat, partner and chief operating officer of Mandel Group. “Development projects like The Corners are rare in today’s suburban market, therefore few opportunities exist to create this type of genuine neighborhood from the ground up. The Corners is a very unique product in a very special residential-development setting that we know will have broad appeal.”