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Saturday
07
APR

Community investment! Cream City Hostel and Riverbee Development

15:00
17:00

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The RiverBee Redevelopment Project / Cream City Hostel is located at the nexus of two vibrant and culturally rich Milwaukee neighborhoods - Riverwest and Harambee. At the highly visible and accessible intersection of Center and Holton Streets, we propose a nearly $ 1million redevelopment of a former MPS school building that will become the Cream City Hostel, an iconic beacon welcoming local and international visitors alike to our friendly neighborhood lodging.

River Bee/ Cream City Hostel will be a place for hospitality, fellowship, community gathering and a launching pad for discovery. The project will elevate these two neighborhoods as tourist destinations, delivering a unique traveler experience not currently available in the Milwaukee market, bringing visitors that will support local neighborhood businesses, and improving the local economy.

The building project will be led by Juli Kaufmann / Fix Development a Riverwest resident and commercial real estate developer. The Cream City Hostel Ownership group is led by Carolyn Weber, Riverwest resident and Owner of Coast In Bikes (Walker’s Point), a local bike retail and repair shop, Wendy Mesich, Riverwest resident and community organizer, and Billie Myher

This investment opportunity presented will include an option for equity ownership in the real estate, or debt provided to and secured by the real estate. Minimum equity investment will be $1,000. Debt minimums will be $5,000. The Hostel will not be requesting funds, but will present as part of the pitch, given that they are the sole tenant in the building.