Legacy Lofts, a $13.8 million development of the former Blommer Ice Cream Company factory, is now home to LRC offices and 64 fully leased market and affordable housing apartments.
LMRC Board of Directors*
Terese Caro, Chair
Legacy Redevelopment Corp.
Richard W. Lincoln, Vice President, Treasurer/Secretary
Mandel Group, Inc. (Retired)
John A. Erich, Esq., Member
Reinhart Boerner Van Deuren S.C.
Troy Reese, Member
T. L. Reese Construction
Sally R. Peltz, Founder
Legacy Midwest Renewal Corporation (LMRC) is a nonprofit organization that supports LRC’s mission through strategic real estate development. The affiliate company was started in 2005 by LRC founder and CEO Sally Peltz, who continues as its president today.
Working alone or with like-minded partners and investors, LMRC strives to improve urban neighborhoods through smart and thoughtful real estate development — including real estate acquisition and rehabilitation of existing projects and new housing. Currently, LMRC is part of the small team bringing new life into the Lindsey Heights neighborhood. Work is now well underway on the development of the Legacy Lofts, a mixed-use apartment project located at 1500 W. North Ave.
In the past, the organization has:
- Owned and operated the North Avenue Commerce Center, a 60,000 square foot, commercial space at 24th Street and North Avenue, in the heart of LMRC’s target market. The building was sold to Hope Christian School, a Milwaukee Choice School, in 2014.
- Purchased eight lots in The Legacy, an urban subdivision near 23rd Street and North Avenue. To date, four homes were developed that have been purchased by first-time home buyers. Because LRC is a Community-Based Development Organization (CHDO) through the City of Milwaukee, HUD HOME Funds assisted in the construction.
To discuss LMRC investment and partnership opportunities, please contact Terese Caro by email or at 414.343.0163.
Learn more about recent LMRC news.
OnMilwaukee Legacy Lofts 11/19/17
Milwaukee Courier Legacy Lofts 11/11/17
Urban Milwaukee Legacy Lofts 11/9/17