M&R Development is celebrating the grand-opening of 42 Hundred on the Lake, its 236-unit luxury apartment building overlooking Lake Michigan in St. Francis, Wisconsin, just five miles south of downtown Milwaukee.
On July 22, development partners, city of St. Francis Mayor Ken Tutaj, local civic leaders and 42 Hundred on the Lake residents attended a ribbon-cutting ceremony at the community, which is more than 65 percent leased.
“We are delighted to celebrate the grand opening of 42 Hundred on the Lake, which is the fastest-leasing property in our firm’s history and just a stunning development inside and out,” said Anthony Rossi, Sr., managing partner, M&R Development, which is co-developing the community with Campbell Capital Group, LLC.
Rossi added that the low inventory, yet high demand for Class-A apartments in the St. Francis area has also led to increased traffic at 42 Hundred on the Lake. With so many people continuing to work from home, Rossi said many renters are opting to live in close-in suburbs that offer a bit more space and a serene lifestyle.
Perched on a bluff at 4200 S. Lake Drive, 42 Hundred on the Lake offers apartments measuring 583 to 1,204 square feet with one to two bedrooms and one to two baths. Monthly rents at the community currently range from $1,248 to $3,350.
42 Hundred on the Lake residences showcase the latest in luxe apartment living with quartz kitchen countertops; white cultured marble bathroom vanities; modern frameless cabinets; Grohe plumbing fixtures; a Samsung stainless steel appliance suite, including a French door refrigerator; full-size washers and dryers; 9-foot ceilings; and walk-in wardrobes, per plan. While ground-floor apartments come with a patio, upper-floor apartments come with a balcony, either covered or uncovered.
Residents at 42 Hundred on the Lake also have access to a wide assortment of community amenities and activities, including a two-story clubhouse complete with an entertainment kitchen with large dining table; 24-hour complimentary coffee bar; private lounge; business center with private conference rooms; and a game room. For those who want to enjoy a workout and a view, the community’s 24-hour, state-of-the-art fitness center offers Life Fitness™ cardio and weight equipment as well as a Wellbeats™ studio with on-demand fitness programs. Residents also have access to two courtyards, one of which is outfitted with bocce and bean bag courts, multiple grilling stations, fire pits and several lounge areas overlooking Lake Michigan. The second courtyard centers around the property’s infinity edge pool, which is surrounded by sun shelves and cabanas.
Additional community amenities include a pet spa with washing station, grooming table and dryer; complimentary bike sharing station; personal bike storage and repair area; package room with 24-hour access; storage lockers; underground, heated parking; and access to the 125-mile Oak Leaf Trail that runs alongside Lake Michigan and throughout Milwaukee County.
Downtown Milwaukee is less than 15 minutes by car, putting residents within easy reach of major employers and popular attractions, such as the Historic Third Ward; Henry Maier Festival Park, home to the Summerfest music festival; the Harley-Davidson Museum; the Santiago Calatrava-designed Milwaukee Art Museum; and the new Fiserv Forum, home to the 2021 NBA champions – the Milwaukee Bucks.
For commuters, 42 Hundred on the Lake offers easy access to I-94, putting residents five miles from Milwaukee’s General Mitchell International Airport and only 35 minutes from the Illinois border. Award-winning RMK Management will oversee leasing and property management.
