Wawatosa, Wisconsin – (work wire) – MSP Real Estate, Inc. , a leading developer and owner of high-quality real estate throughout the upper Midwest, today announced that its River Parkway condos have won first place for the 2021 SHN Architecture & Design Awards in the Affordable Housing category.
The annual Senior Housing News Architecture & Design Awards celebrate unique projects and companies that use innovative design to improve the lives of seniors. Communities around the world submitted new building and innovation projects, competing for prizes in 12 categories.
Ideally located in the heart of Wawatosa, Wisconsin, along the Menomoni River, this 118-unit detached condominium was designed to encourage a greater sense of community and purposeful existence. The award-winning property incorporates clean lines and modern aesthetics to complement the surrounding context with a simple palette of neutrals, enhanced by cedar floors, pergolas, brick, and limestone veneer. All units feature granite counters, full-size stainless steel appliances, spacious balconies with glass balustrades, and Shaker-style cabinets and doors. The apartments are designed to help residents achieve healthy living goals, improve quality of life, and promote social interaction at an affordable price.
“We are delighted that our River Parkway Senior apartments – which are already making a tangible impact in the local community – have now won the National Architecture & Design Award,” said Mark Hammond, MSP Vice President of Real Estate Development. Community level and affordable accommodation in the Wauwatosa area, we are excited to see our vision for this property and the hard work that has been put into creating an unparalleled offering to the seniors in the community.”
The building’s attractive amenities include a large community room with kitchen, meeting room, fitness center, and outdoor balcony. Upon arrival, the building’s east entrance includes a Port Cotcher, an ornate staircase, and an elevator leading to the lounge, which includes a seating area and fireplace. Additionally, the building includes a 100-kilowatt photovoltaic solar system, which equates to a CO2 reduction of 84,600 pounds per year—or nearly 43,000 gallons of gas saved annually.
In addition to the grand building, 18 family homes and a playground are included on the site to create an active and affordable multi-life residential community. Construction of a 50-unit family apartment building in Phase II is scheduled to begin in 2022.
While all of the reasonably priced units have been rented, there are quite a few two-bedroom, two-bathroom condominiums at market rates remaining. For more information about leasing, call (414) 488-7000.
About MSP Real Estate, Inc.
Founded in 1988 by Milo Pinkerton, MSP Real Estate has assembled a team with the experience and diligence to transform underutilized sites into vibrant residential communities. The company is a long-term owner that owns more than 90 percent of what it has built. MSP Real Estate’s philosophy is to develop high quality real estate in strategic markets to ensure the best investment for the company, its partners and the communities in which it builds.