First Watch Restaurant Group plans to retrofit the existing IHOP building located at 5800 Durand Avenue in Racine Somerstone is excited to announce the recent closing of the purchase of the existing IHOP building located on an outlot of the Pritchard Park Mall in Racine, Wisconsin. IHOP elected not to extend their lease of the […]
Construction of a new 63-unit apartment building will complement the existing 72-unit The Den at Fox Run Somerstone, in partnership with Bedford Development and VJS Construction Services, is excited to bring additional housing opportunities to Waukesha. The $16M+ project will feature underground parking, a fitness center, a resident lounge and leasing office. With a range […]
A brand-new Starbucks with drive-thru is open at the corner of Sunset Drive and East Avenue Somerstone is excited to announce that construction is complete and Starbucks is open for business at 151 West Sunset Drive in Waukesha. Located immediately west of Presidents Plaza retail strip center, the new cafe features Starbucks re-imagined interior design […]
Somerstone LLC helped facilitate the sale of a 4 acre development site located at the northwest corner of Drexel Avenue and 13th Street in Oak Creek, Wisconsin.
Somerstone recently completed the two tenant First Watch building in the Shops at Meadow Ridge. Located along Capitol Drive in Pewaukee, the property benefits from excellent visibility and outstanding co-tenancy with other users in the development.
With the assistance of Mid-America Real Estate Group – Wisconsin, Somerstone directed the sale of the ground lease for a new Texas Roadhouse restaurant in the Highgate development in Oak Creek, Wisconsin.
A brand new, 72-unit, multi-family development in Waukesha is now leasing. Featuring luxury amenities including custom Amish real-wood cabinets, keyless door access and underground parking, The Den offers eight attractive floor plans with 1, 2 and 3-bedroom options.
Located in the brand new Fox Run mixed-use development, the Den is ideally located near retail shops, a grocery store, micro-hospital, and more.
Somerstone is pleased to announce the sale of the Ascension Milwaukee Hospital ground lease located in the Fox Run development in Southwest Waukesha. The Somerstone team successfully procured a west coast exchange buyer to purchase the site shortly after the hospital opened.
In a joint venture with VJS Development and Bedford Development, Somerstone acquired Fox Run Shopping Center at the northwest corner of W. Sunset Drive and W. St. Paul Avenue in Waukesha in late 2019. The center was home to a large vacant in-line retail strip building, an aging Sentry grocery store, a Chase bank branch and a vacant Denny’s. Working closely with the City of Waukesha, the property is in the process of being redeveloped into a $32M+ mixed-use commercial project that will include a new 72-unit, luxury apartment complex, a ±30,000 square foot, two-story, micro-hospital, and a new Landmark Credit Union branch. One building pad remains for retail/commercial development. Over $4M in infrastructure, utility, landscaping and access improvements has been invested in the high visibility site to capitalize on its location along the well-established and growing Sunset Drive commercial corridor. Project completion is anticipated in 2Q2022.
Somerstone recently purchased 4306 West Layton Avenue in Greenfield, WI to redevelop the property into a Starbucks Coffee Bistro. The project includes the removal of the property’s gas station equipment, canopy and car wash. The main convenience store structure will be converted into a 2,600-square-foot coffee shop with drive-thru.
