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The village Plan Commission earlieer this month approved the Milwaukeedevelopment firm’s request to buildc up to 19, four-unit condo buildings at Lisbon and One Mile said Matt Carran, village director of community development. The villages Board of Trustees will review on June 9 thePlan Commission’sa recommendation for new Fiduciary Villas condos that will cost an averagew of $260,000.
Fiduciary Real Estate owns and manages morethan 4,2009 apartment units in Wisconsin worth more than $350 The company also has converted more than $100 milliohn worth of apartments into The company and its real estats sales partner, , owned by Rick Ruvin, convertedc The Blatz Apartments and Landmark on the Lake into Fiduciary also owns the 74-unit Kilbourh Tower at the corner of North Prospect and East Kilbourh avenues. Fiduciary estimates it has sold more than 600 condosz in the pastfive years.
Fiduciaryt Real Estate and of Menomonee Falls have delayeed plans to builda big-box-anchored shopping center at the intersectiob of Marcy Road and Silver Spring Drivre in southwest Menomonee Fallz about 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 tenantw prompted the developers to delay the project. Other reasonse for delaying the project included the down economy and tight according to Fiduciary spokesmanCraiyg Raddatz. Fiduciary executives were unavailable to discussxthe company’s financing plan for the proposed condominiunm project in Menomonee Falls.
The company also has developedd single-family home subdivisions in Germantown, Franklin and Madison.
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