Freshwater Development specializes in the acquisition, design, and construction of unique real estate assets that enhance the communities we invest in. Our hands on development approach enables us to focus on core value add developments that produce superior risk adjusted returns.
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Traverse City, MI 49684, US
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Partnerships and Unique Projects Thank you to our development Partner, Andrew McCarthy and his team at Freshwater Development for a successful launch of our completed brownstones at 100 Park, Traverse City, MI. Located on the beautiful Boardman River with direct access to the Traverse Bay, these residences set the standard for luxury living along with our Penthouses at 111 State. https://lnkd.in/e5rxtRgy
Freshwater Development is growing. Since 2023, our team has acquired, designed, and built more than $40 million of real estate throughout Northern Michigan. As we continue to expand, we're investing in exceptional people who share our passion for thoughtful design, quality craftsmanship, and creating long-term value. We are currently hiring for the following positions: • Field Superintendent • Project Manager • Director of Finance & Controller If you're passionate about exceptional design, quality construction, and creating meaningful places, we'd love to hear from you. Please visit our LinkedIn page to view the job descriptions or contact us directly. If someone in your network may be a great fit, we would appreciate an introduction.
We’re grateful to see our project, 100 Park in Downtown Traverse City, recognized among Christie’s International Real Estate’s top-selling properties by market for 2025.
Luxury home sales are soaring in 2025, and Christie's International Real Estate has been at the forefront with several recent record-breaking transactions. Congratulations to our affiliates and agents who directed these incredible sales! Winnetka, Ill. - $31.25M (Jena Radnay/@properties Christie's International Real Estate) - The highest existing single-family home sale on record in the Chicago metro Alpine, N.J. - $17.7M (Denise Albanese/Christie's International Real Estate Group - New Jersey) - The state’s highest-priced home sale in the past three years San Luis Obispo, Calif. - $7.5M (Colleen Clarke, Rob Rose & Lindsey Harn/ Christie's International Real Estate Sereno) - The highest residential sale ever recorded through the MLS in San Luis Obispo and Arroyo Grande Newport, R.I. - $7.025M (Gordon King/Hogan Associates Christie's International Real Estate) - Newport’s highest-recorded condo sale Traverse City, Michigan - $3.25M (Lydia Wiley/@properties REMI Christie's International Real Estate NoMi, for Freshwater Development) - Michigan’s most expensive condo sale ever on a price-per-square-foot basis 📷 : David Heald
Nearly thirty years after its original construction as an office building, 100 Park has been thoughtfully reimagined and rebuilt into three elegant waterfront brownstones. Located in the Downtown Traverse City Historic District along the Boardman River, 100 Park offers both protected views of and direct access to Lake Michigan. The project marks Freshwater Development’s second office-to-residential conversion in 2025.
Our team is honored to develop 100 Park into three premier waterfront homes in Downtown Traverse City. We sold our first home a few weeks ago and recently have a second home under contract. Over the next several months we look forward to finishing construction on the homes. We appreciate the spotlight from Rachel E. Watson on our project.
The developer behind a luxury office-to-residential conversion in Traverse City has sold the first condo unit in the still-under construction project for nearly $3.3 million, setting a new record for its size in Michigan’s condo market. Andrew McCarthy, founder and owner of Traverse City-based Freshwater Development, closed on the sale of the first — and largest — unfinished unit in his Brownstones at 100 Park project at 100 N. Park St. in downtown Traverse City for almost $3.25 million on Aug. 29. McCarthy, a developer formerly based in New York who founded Freshwater in 2021, said this unit in the Brownstones at 100 Park is the most expensive of five luxury condo units Freshwater is developing in downtown Traverse City. Its other project, the two-unit Penthouses at 111 State, is expected to wrap construction later this month. The $1,415 price per square foot for the 2,295-square-foot Brownstones unit is the most expensive condo sale recorded so far in Michigan by price per square foot. Read the full story, meet the buyer and learn about her unit here: https://lnkd.in/guX3Nszk