Marriott Approved. Greenwich Park Apartments Approved
Jan 20th, 2011 | By Dave Reid | Category: Common Council, East Side, East Town, Feature
Wisconsin Ave. Facade
Two controversial development projects received key approvals at the January 19th, 2011 meeting of the Common Council.
First, the development team for the $50 million Marriott Hotel project, which will be located near the corner of E. Wisconsin Ave. and N. Milwaukee St., won an appeal of the Historic Preservation Commission’s ruling that would have required a 15 foot setback for the upper floors of the building. While the facades of some buildings along Wisconsin Ave. will be preserved or restored, this essentially approves the demolition of five buildings located in the East Side Commercial Historic District. The 200-room hotel being developed by Jackson Street Management LLC. is expected to create 200 permanent jobs. It is being financed through the foreign investment via the federal EB-5 program, and if granted will utilized New Market Tax Credits.
Alderman Kovac discussed how the Historic Preservation Commission actually moved the process along quickly saying it moved “more quickly than your own front porch”. He also reminded other council members that in 1983 the Common Council unanimously recommended these buildings for protection.
One significant change to the proposal was pushed by Alderman Wade. He worked out an agreement with Jackson Street Management LLC. to a meet a level of EBE and RPP requirements on the project, following the pattern of the M.O.R.E. ordinance.
The appeal was approved on a vote of 13-2, with Alderman Bauman and Kovac voting against the appeal.

Corner Perspective
Also included in approvals at the January 19th 2011 Common Council meeting was an approval for the land sale and zoning for Greenwich Park Apartments. The $8.5 million apartment building, located near N. Farwell Ave. and Thomas St., will be 5-stories tall with 54-units, ranging from studios to 3-bedroom units, and include approximately 100 parking spots, of which 48 will be available for the general public. This approval will allow Mercy Housing Lakefront, the project developer, to apply for WHEDA tax credits to assist in funding the project.
With these approvals in place, and likely support from Mayor Barrett, both projects appear to be poised to break ground this year.



