NBA Superstar Makes Second Big Uptown Purchase

4501 N. Sheridan

Greek NBA superstar and Milwaukee Buck Giannis Antetokounmpo likes Uptown. He likes Uptown a lot. 

How do we know? He (through his real estate investment corporation 'Ante') has now bought two separate Uptown buildings in two months.

Harmony Apartments, 4513 N. Clark (Loopnet)

First, Antetokounmpo purchased the 56 unit Harmony Apartments, located at 4513 N. Clark, for $21,000,000 in late January. (Longtime readers will recall residents of Dover and local development scolds, including failed aldermanic candidate Marianne Lalonde, opposed the Harmony project vociferously, citing disruption to the neighborhood and blocked views).

At the end of March, Antetokounmpo added to his investment in Uptown, purchasing the Portrait Apartments at 948 W. Sunnyside for $21,000,000. (Readers will recall the opposition to this development, which replaced a nearly abandoned strip mall, came from many quarters, including our current Alderwoman).

So in total, Antetokounmpo has invested a lot - $42,000,000 - in Uptown this year.

Why Uptown? We like what the principals said in discussing the buildings:

"The buyer was drawn to the quality of the asset and the deal reflects strong demand for new-construction, mixed use properties in urban submarkets"

"We saw a neighborhood with real momentum and genuine need for high quality housing and activated street level retail."

Like Giannis, we like Uptown a lot too! There's been a real lull since Alderman Cappleman left office in 2023. Let's get some more new market-rate construction going!