FOURMIDABLE announces management of new Van Dyke Apartments in Sterling Heights, Michigan
FOURMIDABLE, a diversified, national real estate management and brokerage company that specializes in managing market rate, affordable, public housing, senior, tax credit and condominium communities, was awarded the management contract for Van Dyke Apartments in Sterling Heights, Michigan.
Van Dyke Apartments is being developed through the efforts of the Chaldean Community Foundation. Construction is scheduled to begin in Spring of 2019, with G. Fisher Construction of Farmington Hills, Michigan as the general contractor.
Van Dyke Apartments will consist of a single four-story building with approximately 130 units. There will be one and two-bedroom apartment homes and 3,000 square feet of commercial space on the first floor. The financing will be a complex blend of federal, state and local dollars with required compliance and oversight by multiple public agencies and authorities. Units will be a blend of market-rate and affordable units.
“FOURMIDABLE is proud to have been selected as the property management agent for this project and is pleased to be working closely with the Chaldean Community Foundation Board and the other companies involved in this project. We are looking forward to managing such an upscale community and providing the residents of Van Dyke Apartments with quality housing,” said Michael Schocker, President of FOURMIDABLE.
“The Board of Directors, Staff and Clients of the Chaldean Community Foundation welcome FOURMIDABLE Management to the Development Team of the Van Dyke Apartments. Our 130-unit mixed-use and mixed-income community on the Clinton River in Sterling Heights will provide 200-plus residents a remarkable living environment that includes retail in the building, as well as fitness, yoga studio, movie room and outdoor amenities. We appreciate the partnership with FOURMIDABLE, a firm that has deep experience in property management and a strong record of work with the Chaldean Community,” said Martin Manna, Director of the Foundation.