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The village Plan Commission earlierd this month approved the Milwaukeedevelopment firm’s request to buile up to 19, four-unit condo buildings at Lisbon and One Mile said Matt Carran, village director of community development. The villagw Board of Trustees will reviesw on June 9 thePlan Commission’sx recommendation for new Fiduciary Villas condo s that will cost an average of $260,000. Fiduciart Real Estate owns and manages morethan 4,209 apartment units in Wisconsin worth more than $350 million.
The company also has convertecd morethan $100 million worth of apartments into The company and its real estate salez partner, , owned by Rick Ruvin, converted The Blatxz Apartments and Landmark on the Lake into Fiduciary also owns the 74-unit Kilbourn Tower at the corner of Nortjh Prospect and East Kilbourn avenues. Fiduciargy estimates it has sold more than 600 condos in the past five Fiduciary Real Estate and of Menomonee Falls have delayed planws to builda big-box-anchored shoppingf center at the intersection of Marchy Road and Silver Spring Drive in southwest Menomonee Falls abou t a mile north of the Villasx condos.
The two companies were planning ona 200,000-- to 250,000-square-foot shopping center, but lack of tenants promptes the developers to delay the Other reasons for delaying the projec included the down economy and tighr financing, according to Fiduciary spokesman Crai g Raddatz. Fiduciary executives were unavailabl e to discussthe company’s financiny plan for the proposed condominium project in Menomonee Falls. The company also has developed single-familyt home subdivisions in Germantown, Frankli and Madison.
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