PRESS RELEASE

Milwaukee, WI (January 17, 2025) — Coast Apartments, a modern luxury community located in Lakeshore Commons, has been awarded Gold by the Associated Builders and Contractors (ABC) of Wisconsin in their prestigious Projects of Distinction competition. This award recognizes the exceptional quality and professionalism demonstrated in the construction of this unique development.

The Projects of Distinction competition celebrates the outstanding achievements of ABC of Wisconsin member companies and highlights the value of merit construction. Coast Apartments, with its striking design, high-quality finishes, and impressive amenities, exemplifies the principles of excellence and professionalism that ABC of Wisconsin champions.

Despite the challenges posed by coastal weather conditions, the project was completed ahead of schedule, demonstrating the team’s resilience and dedication to exceeding expectations.

About Coast Apartments:

Located in the Lakeshore Commons community, Coast Apartments offers a luxurious living experience with stunning lakefront views. The community features a range of modern amenities, including a spacious club room, a state-of-the-art fitness center, a resort-style pool, and expansive outdoor green spaces.

About ABC of Wisconsin:

ABC of Wisconsin is a leading construction trade association representing merit shop contractors throughout the state. The organization promotes the principles of free enterprise and works to ensure a fair and competitive environment for its members.

About F Street

F Street is a premier real estate investment and development firm headquartered in Milwaukee, Wisconsin. The company specializes in the acquisition and development of high-quality commercial and residential properties in Wisconsin and beyond. F Street is committed to creating dynamic and sustainable communities that enrich the lives of residents and contribute to the economic vitality of the regions it serves.

PRESS RELEASE

Milwaukee, WI (October 20, 2024) — F Street, is pleased to announce the successful completion of its capital raise for the Summit Apartments Phase 1 project. The $6,450,000 equity requirement has been fully funded, paving the way for the next phase of development.

F Street would like to extend its sincere gratitude to the project collaborators, including RINKA, Stevens Construction, Summit Credit Union, and the City of Oak Creek, for their invaluable contributions to the project’s success.

In conjunction with this announcement, F Street is excited to launch the capital raise for F Street OCLV MF 3, the second phase of the Summit Apartments development. This new investment opportunity offers investors the chance to participate in the construction of a $6,350,000 project that will begin in March 2025.

“We are thrilled to have achieved full funding for F Street OCLV MF 2 and to be launching the capital raise for F Street OCLV MF 3,” said Scott Lurie, Founder of F Street. “This continued success is a testament to the strength of our investment strategy and the confidence of our investors in our ability to deliver exceptional multifamily projects.”

F Street remains committed to its mission of creating vibrant, sustainable communities. The Summit Apartments project is a key component of the company’s ongoing development efforts in the Lakeshore Commons area of Oak Creek, WI.

For more information about F Street OCLV MF 3 and the investment opportunities available, please visit www.fstreet.com or contact the F Street team.

About F Street

F Street is a premier real estate investment and development firm headquartered in Milwaukee, Wisconsin. The company specializes in the acquisition and development of high-quality commercial and residential properties in Wisconsin and beyond. F Street is committed to creating dynamic and sustainable communities that enrich the lives of residents and contribute to the economic vitality of the regions it serves.

www.fstreet.com

 

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Media Contact:

Nick Jung
Director of Development
nick@fstreet.com
(612) 810-7023

PRESS RELEASE

Milwaukee, WI (May 28, 2024) – F Street is thrilled to announce the public launch of F Street OCLV MF 2, LLC, the entity behind the highly anticipated Summit apartments in Oak Creek, Wisconsin.

Secure Your Spot in a Thriving Community

Summit apartments offers an unparalleled opportunity to invest in a brand-new, market-rate apartment community boasting 132 units across two buildings. Residents will enjoy stunning views of Lake Michigan, along with convenient access to nearby parks and recreational opportunities.

Building on Success: The Coast at Lakeshore Commons

The first phase of Lakeshore Commons, the 199-unit Coast apartments, has already achieved remarkable success:

• Construction completed in December 2023.
• As of May 1, 2024, nearly 70% occupied, exceeding leasing projections.
• Full occupancy anticipated by July 2024.
• Learn more in the whitepaper (link to whitepaper).

Why Invest in Oak Creek?

• Strong Housing Market: Oak Creek’s proximity to Milwaukee and the Kenosha/Racine corridor fosters a robust and growing housing market.
• Investment in Infrastructure: The city prioritizes public schools and infrastructure, creating a desirable environment for residents and families.
• Public Amenities: F Street is collaborating with the City of Oak Creek to develop walking trails, parks, playgrounds, and a community green, further enriching the lakeside experience.

Invest in Your Future with Stable Returns

This exclusive opportunity offers the potential for strong and consistent returns. Today’s public launch makes this deal available to all F Street investors. Own a piece of the lakefront and capitalize on the rental success of the Lakeshore Commons community.

Invest Now!

F Street is raising $13.6 Million for F Street OCLV MF 2, LLC, with a minimum investment of $50,000. To invest or discuss the opportunity in more detail, please visit www.fstreet.com or contact us directly.

We look forward to partnering with you in this exciting venture!

Building on Success: The Coast at Lakeshore Commons

The first phase of Lakeshore Commons, the 199-unit Coast apartments, has already achieved remarkable success:

• Construction completed in December 2023.
• As of May 1, 2024, nearly 70% occupied, exceeding leasing projections.
• Full occupancy anticipated by July 2024.
• Learn more in the whitepaper (link to whitepaper).

Why Invest in Oak Creek?

• Strong Housing Market: Oak Creek’s proximity to Milwaukee and the Kenosha/Racine corridor fosters a robust and growing housing market.
• Investment in Infrastructure: The city prioritizes public schools and infrastructure, creating a desirable environment for residents and families.
• Public Amenities: F Street is collaborating with the City of Oak Creek to develop walking trails, parks, playgrounds, and a community green, further enriching the lakeside experience.

Invest in Your Future with Stable Returns

This exclusive opportunity offers the potential for strong and consistent returns. Today’s public launch makes this deal available to all F Street investors. Own a piece of the lakefront and capitalize on the rental success of the Lakeshore Commons community.

Invest Now!

F Street is raising $13.6 Million for F Street OCLV MF 2, LLC, with a minimum investment of $50,000. To invest or discuss the opportunity in more detail, please visit www.fstreet.com or contact us directly.

We look forward to partnering with you in this exciting venture!

Contact:
Josh Lurie
Principal / VP Investor Relations
josh@fstreet.com
(414) 315-3190

MILWAUKEE BUSINESS NEWS

MILWAUKEE BUSINESS JOURNAL

Around a year after the first buyers bought homes in Oak Creek’s new Lakeshore Commons development, roughly a dozen more have purchased houses, and the community’s first apartment tenants have moved in.

Nearly 20 single-family homes, 28 for-sale townhomes and two apartment buildings with a combined 199 units are completed. Sales have been at least somewhat challenged by interest rates, but the development’s broker is hopeful that will turn around this year.

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The first two Lakeshore Commons apartment buildings, with a combined 199 units, are completed. Tenants began occupying units in November, F Street owner Scott Lurie confirmed.

Read more

PRESS RELEASE

OAK CREEK, WI – August 11, 2023 — Today, F Street proudly announced the successful completion of a $3,080,000 investment capital raise for F Street OCLV NT, LLC. The completion of this raise, as well as closing on the construction loan, will commence the development of a new, $12.3 million premier 28-unit multifamily townhome project in the desirable Lakeshore Commons community of Oak Creek, Wisconsin.

“We are deeply gratified by the trust our investors have placed in F Street and our vision for the Ivy Townhomes project,” said Josh Lurie, Principal and Vice President of Investor Relations. “This capital raise not only signifies the strength and appeal of our development strategy but also underscores the potential of the Lakeshore Commons community.”

A Vision for Lakeshore Commons

The new Ivy Townhomes development, strategically positioned along the north end of Oak Creek’s Lakeshore Commons, promises to offer residents a blend of modern living amenities with the serenity of a well-planned community. Designed by RINKA, each rental unit will boast state-of-the-art design, high-quality finishes, and have access to the clubhouse amenities that are currently enjoyed by all townhome and single-family residents.

The Lakeshore Commons community, known for its balance of natural beauty and modern infrastructure, will benefit greatly from this addition, further solidifying its status as one of the most sought-after addresses in the area and along the coast of Lake Michigan.

To view F Street’s available offerings, please visit the investment portal.

Press Release

OAK CREEK, WI, April 21, 2023 — F Street Development Group, a premier real estate investment firm based in Milwaukee, is pleased to announce two new multifamily investment opportunities at the all-new Lakeshore Commons in Oak Creek, WI. The first is a new market-rate apartment development, which will include 132 units across 2 buildings, while the other is a new rental townhomes development that will include 28 units across 4 buildings. The equity offerings are looking to raise $9,450,000 and $3,080,000 in investment funding, respectively, and will close on July 1, 2023 and July 15, 2023.

Lakeshore Commons is a brand new, luxury apartment complex located in the heart of Oak Creek, just minutes away from the city’s vibrant downtown area. The new developments will features modern designs, with top-of-the-line amenities and finishes, including stainless steel appliances, quartz countertops, in-unit laundry, and high-speed internet. Residents will also have access to a fitness center, community room, pool, and outdoor grilling area.

“We are thrilled to offer investors the opportunity to once again be a part of Lakeshore Commons, a truly exceptional community that is sure to attract renters looking for high-quality, luxury living in Oak Creek,” said Scott Lurie, Founder of F Street Development Group. “The location of this community, coupled with its top-notch amenities and finishes, make it an ideal investment opportunity.”

The equity investment is open to accredited investors only and will be offered on a first-come, first-served basis. Investors will have the opportunity to receive a 8% preferred return on their investment, as well as a share of the net operating income generated by the property, based on their equity shares.

“We believe that Lakeshore Commons will be a highly desirable property for renters in Oak Creek and the surrounding areas, and we are excited to work with investors who share our vision for the property,” said Lurie. “We look forward to a successful equity raise and a long and profitable partnership with our investors.”

For more information on the Lakeshore Commons investment opportunities, accredited investors are encouraged to join F Street’s investment platform.

About F Street Development Group

Through world-class development and visionary design, F Street Development Group provides investment opportunities in commercial real estate through development. Our vision is to be a leader in the real estate investment and development community recognized for our passion, commitment to excellence, and creativity.

 

Contact: Nick Jung
Director of Development
F Street Development Group
(612) 810-7023
nick@fstreetgroup.com

 

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Milwaukee Business Journal  |  February 22, 2023

More apartments and townhomes are moving forward at the Lakeshore Commons development along Lake Michigan after Oak Creek officials this week approved $8.2 million in additional city financial support.

Covering about 66 acres of formerly contaminated industrial land south of Lake Vista Park, the project by F Street Development is to eventually create more than $170 million in new apartments and for-sale houses. It is part of a broader revival of the Oak Creek lakefront that includes Lake Vista Park, and a future plan by the city to stabilize the Lake Michigan bluff of a neighboring former industrial property, creating a park in the process.

Thus far on Lakeshore Commons, contractors have installed much of the infrastructure, the first single-family houses had been sold. Two buildings with 199 apartments and 28 townhouses are under construction, said Scott Lurie, founder of Milwaukee-based F Street Development. The townhomes and the first of the two luxury apartment buildings are slated for completion in August.

“You have a full infrastructure package that is on site now,” Lurie said.

The next phase of development includes two additional apartment buildings with a combined 132 units.

Read more

Milwaukee Business Journal  |  April 29, 2022

The team behind the Lakeshore Commons 716-unit housing development underway in Oak Creek is preparing to move forward with sales and financing for the project’s first phase as site infrastructure work continues.

The first single-family homes in the development are expected to be move-in ready in October and construction on the first set of apartments is to begin in June, developer Scott Lurie of Milwaukee’s F Street Development said.

The project is slated to have 429 apartment units, and 287 for-sale single-family homes and townhouses built over the next seven to 10 years, according to F Street Development. Pending final Common Council approval which could come on May 3, the developer can officially move forward with construction financing and initial home sales.

Read more