Wingspan Development Group, a privately held multi-state development firm active in multifamily and mixed-use properties, and Batson-Cook Development Company (BCDC) today announced that pre-leasing is underway for Hub13, a new $63 million, 300-unit garden-style multifamily community on 13th Street, just north of Drexel Avenue in Oak Creek, Wis. Hub13 is scheduled to deliver its first units this spring.
Hub13 marks the newest Class A rental community with resort-style amenities, such as a standalone clubhouse and Zen Garden, in the area. Offering easy access to both downtown Milwaukee and the growing commercial and manufacturing centers of Kenosha and Racine counties, Hub13 is only 1 mile from Drexel Town Square, Oak Creek’s vibrant downtown retail, commercial, residential and civic district. The luxury rental community is also a vital part of the Drexel interchange building boom that also includes an Ikea, the Highgate sports complex and a hotel and conference center.
“Oak Creek is definitely on a growth trajectory right now, with a wealth of new community and commercial benefits, and Hub13 is in the perfect position to take advantage of all of them,” said Jason Macklin, director of development for Wingspan Development Group, which is based in Mount Prospect, Ill. “There is a real hunger for Class A luxury rentals in the suburbs right now, and Oak Creek is no exception. Early signs point to a great lease-up here as people who have a long rental wish list are finding everything they want and more at Hub13.”
Hub13 offers nine two- and three-story residential buildings featuring a mix of studio, one-, two- and three-bedroom units, ranging from 582 to 1,341 square feet, with rents starting around $1,100. Units boast high-end finishes, including wood-style plank flooring in living areas, luxury cabinetry, stainless steel appliances, quartz countertops and in-unit laundry. Select units include a balcony or patio. Indoor parking is available for a separate fee.
Residents will be able to enjoy an endless list of amenities, including a 24-hour fitness center with yoga studio; community clubhouse with lounge, pool and fire pit; outdoor grilling hubs; horseshoes and bags courts; off-leash dog park and pet spa; coworking business center; wine and beer room; and access to a nearby nature preserve and wetlands. Other conveniences available to Hub13 residents include a package concierge system, smart phone building access, online residential portal and app, and 24-hour emergency maintenance.
Financing for Hub13 was provided by First Merchants Bank. The architect is JLA Architects, Ayres Associates is the civil engineer and Nicholas & Associates is the general contractor.
About Wingspan Development Group:
Wingspan Development Group is a nimble national developer focusing on multifamily, attached single family, student housing and mixed-use developments. With in-house land acquisition, development and construction capabilities, Wingspan prides itself on its relationships and partners in key submarkets that allow the firm to move quickly in closing deals and completing best-in-class projects on time and within budget. Specializing in Class A multifamily developments of 300 units or less, Wingspan has a number of rental and mixed-use projects in various stages of development in the Milwaukee, Chicagoland, Phoenix and Tampa areas.
About Batson-Cook Development Company:
Founded in 1963, Batson-Cook Development Company (BCDC) is a wholly owned subsidiary of Kajima USA. It is a fully integrated real estate organization providing development and capital solutions, primarily through partnerships on commercial real estate projects in the Southeastern United States. Based in Atlanta, Georgia, BCDC offers a wide variety of real estate services from development and construction to equity and credit enhancements, to brokerage and property management. Learn more by visiting batsoncookdev.com.
