Dave Reid

Zoning Committee Approves Bookends Proposal

By - Apr 6th, 2008 09:25 pm
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Resolution 071392 would authorize $1.25 million of additional funding from Tax Incremental District #48 for development of a riverwalk and associated public improvements located at 202 West Juneau Ave. $858,042 of the funding will go towards construction of a riverwalk, dock wall, public boat slip and public plaza with pedestrian access.   This work is part of the $42 million Aloft development and should pay off the TIF in seven years. The remaining portion of $278,160 will be used to purchase the right of way to construct the extension of Ogden St. and Market St. This resolution was approved by the committee and will now go before the full Common Council.

Resolution 071500 would change the zoning for the properties located at 700 East Kibourn Ave. and 711 East Kibourn Ave. to General Planned Development and would specify the maximum height and density of the project. New Land Enterprises intends to build two mixed-use buildings with up to 20-stories, 230 residential units each and approximately 4000 square feet of retail space. The combined value of this project would not only add an estimated $120 million to the city tax base but would not utilize any city financing.

A few neighboring business owners spoke in opposition to this project focusing their complaints mainly around height, density and potential parking issues. Specifically Margaret Gintoft, of Therapies East Associates, spoke at length repeatedly asking some form of the question “do you really want to have a high-rise on every corner, dwarfing these little buildings in between”? The land’s current zoning has no height limitation and as Vanessa Koster, from the Department of City Development, indicated “if he developed it under the current zoning parameters he could come in off the street and pull his permits and we would have no control over the design of the building, the materials, the location of the parking, and driveway access, so this gives us control over the design”. Although this change in zoning allows for more density than the current zoning, it also allows the City of Milwaukee input into the development process and now limits the building’s height. During the discussion Alderman Mike D’Amato responded to Margaret Gintoft’s question when he said “you spoke earlier about does the city want high-rises and do we want a high-density city. And I think the answer in some areas. In some areas the answer is yes”. This resolution was approved by the committee and will now go before the full Common Council.

Categories: Real Estate

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