A pair of new projects by the same real estate development company are moving ahead in downtown Brookfield, with at least one more on the horizon.
RMG Realty, which completed its first downtown project – a nine-unit apartment building at 8934 Fairview Ave. – in 2017, recently broke ground on a similar six-unit apartment building at 8917 Grant Ave.
Developer Michael Gatto and village officials gathered in front of the construction site on May 23 for a ceremonial ground-breaking.
When complete, the Grant Avenue building will look a lot like the Fairview Avenue development, said Gatto, a principal at RMG Realty. The building will feature the same lap siding exterior, windows and balconies.
All of the units will be two bedrooms and will measure about 1,000 square feet each, Gatto said, and likely will rent for about $2,000 per month. Gatto said that if all goes as planned, the building ought to be substantially complete in six or seven months.
“I figure by January or February, we should be up and leasing,” said Gatto.
Gatto also confirmed that he had submitted plans for a three-story mixed-use commercial residential building for 3704 Grand Blvd. The Brookfield Village Board approved the development last December and the deadline for Gatto to submit construction plans was June 6. He submitted the plans on May 17, according to Village Planner Elyse Vukelich.
While some aspects of the Grand Boulevard development are similar to Gatto’s other residential projects in downtown Brookfield, this development is the largest at 11 units and is the only one to include ground-floor commercial space, which will face Grand Boulevard. The apartments will be a mix of one- and two-bedroom units.
“Grand Boulevard has got more flash, as it should,” Gatto said of the building. “It’s the main drag.”
The building will occupy a V-shaped lot that also fronts Sunnyside Avenue to the west. It will have a green roof, elements of which will be visible from Grand Boulevard, said Gatto, and there will be covered, onsite parking accessed via Sunnyside Avenue.
Gatto said he hoped to break ground on the development this fall, depending on final tweaks he’ll need to make to the plans after meeting with village planning officials.
“I’d like to be in this year before winter hits, probably September, depending on how we go through plan review,” Gatto said. “I have all the financing in place.”
Gatto also said he has his eye on another downtown property, where he hopes to build an apartment building along the lines of the one on Fairview Avenue. The property is essentially across the alley from that development, at 3727 Sunnyside Ave.
Now a rental house, the building 100 years ago served as a poultry feed business. The roughly 8,300-square-foot parcel has been owned by Riverside businessman Steven Campbell since 2004.
Both Gatto and Campbell confirmed they are negotiating a deal on the land, which is zoned SA-5. That zoning designation allows multifamily residential buildings up to six stories in height.
Grande Dame ‘condos’ completed
Also on May 27, village officials cut the ribbon on a recently completed multi-family residential building at 4531 Forest Ave.
The three-story, six-unit Grande Dame Condos are the latest development by Thomas Frenkel’s DT Group LLC. Although the name etched in stone on the front of the building indicates that they are condominiums, the units are being marketed as apartments.
The smaller ground-floor units are being marketed at $2,000, while the larger upper-story units are being listed for rent at $2,900 a month. The units have open floor plans, stainless-steel appliances, quartz countertops, in-unit laundry facilities, onsite parking and utilize smart technology.