342 More Apartments Approved
New projects approved for Water Street and East Side. Plus, a 120-unit complex coming to Walker's Point would increase total to 462 apartments.
1,449 new rental apartments sounds like a lot, and in case you missed it that’s how many apartments were under construction at the end of May within two miles from City Hall, but there’s more on the way.
At yesterday’s meeting of the City Plan Commission two additional projects, with a total of 342 units, moved closer to starting construction.
The commission was reviewing the plans for the RiverWalk portion of fourth phase of Mandel Group’s North End development, and a change in the design of Mercy Housing Lakefront’s Greenwich Park Apartments.
The fourth phase of the North End contains two buildings. A six-story, 155-unit apartment building, which was part of the discussion during the meeting, that is planned to be built along the Milwaukee River adjacent to the completed North End phase one and phase two and a second six-story, 90-unit building which will be located just across N. Water St.
Ald. Nik Kovac, who represents the area the project is located in, spoke briefly, saying, “we’re excited about the public amenity being extended,” referring to the RiverWalk. He then quipped, “I assume there will be public access to the pool,” which drew laughs.
A rarity in Milwaukee, this project includes an outdoor swimming pool which will overlook the Milwaukee River, surely a feature popular with avid-swimmer and Mandel Group CEO Barry Mandel.
North End Phase IV Renderings
East Side Project Moves Forward, Again
Representatives from the Mercy Housing Lakefront development team also addressed the plan commission. The team was requesting alterations to approved design for the proposed six-story Greenwich Park Apartments, planned for construction on parking lots owned by the city and US Bank and bounded by N. Murray, E. Thomas and N. Farwell. In 2014, the project received affordable tax credits from the Wisconsin Housing and Economic Development Authority. This project has gone through numerous iterations, originally being much taller, but now the first phase, which includes 53 apartments — 45 affordable units and 8 at market rate — appears on track to move forward.
This latest alteration was the result of unexpectedly high costs associated with moving electrical poles and two transformers. An initial estimate put the cost of relocating these utilities at about $100,000, but later estimates, due to the transformers, hiked the cost to almost $500,000. Additionally, the soil was more contaminated than initially believed so the decision was made to remove the basement from the project. This resulted in the number of parking spots being reduced from 52 to 44, though zoning only required 38.
Due to the higher-than-expected costs, the building will now be wood-frame construction starting on the second floor. This change eliminated the possibility of using the planned curtain-wall system, limiting the amount of glass used on the structure’s exterior.
The second phase of the project will include up to 44 more apartments, but isn’t expected to start construction until the first phase is completed. The changes were unanimously approved by the commission.
Greenwich Park Apartments Renderings
Cheaper to Keep Them
Last week a new plan to “Save the Bucks” was announced and apparently it is “Cheaper to Keep Them.” If you haven’t heard the state, city, Wisconsin Center District, and tax delinquent residents of Milwaukee County (the county), came together and announced a financing plan for the Milwaukee Bucks’ new arena.
Adding the Wisconsin Center District to the funding plan allowed a significantly smaller contribution from the state than the $220 million Gov. Scott Walker had proposed. But the deal likely kills any Convention Center expansion in the near future as it assigns a $93 million cost to the district ($200 million with interest costs included).
“I don’t understand where the money is going to come from in the Wisconsin Center District’s current stream of income,” district board chairman Frank Gimbel told Ryan, of the Business Journal. From the state’s point of view it might have been “cheaper to keep them,” but it doesn’t look so cheap for the center district.
In Other News
-Down in Walker’s Point a construction fence went up on the site between S. 1st and S. 2nd streets on the northside of W. Washington Ave., and some excavation has started on the site of a 120-unit apartment building being developed by Tim Gokhman, of New Land Enterprises, Jim Wiechmann, of Wiechmann Enterprises of Milwaukee, and Michael Sanfelippo, who owns the property. That would add another 120 units to our total.
- Finally, Greenwich Park Apartments Opens - Graham Kilmer - May 4th, 2017
- Greenwich Park Targets Low-Income Residents - Graham Kilmer - Nov 21st, 2016
- Friday Photos: Greenwich Park Nearly Complete - Jeramey Jannene - Sep 16th, 2016
- Friday Photos: New Apartments for the East Side - Jeramey Jannene - Jul 29th, 2016
- Eyes on Milwaukee: Greenwich Park Apartments Taking Shape - Jeramey Jannene - Feb 12th, 2016
- Friday Photos: Finally Comes Greenwich Park Apartments - Jack Fennimore - Nov 27th, 2015
- Plats and Parcels: 342 More Apartments Approved - Dave Reid - Jun 9th, 2015
- Eyes on Milwaukee: Commission Approves 6-Story East Side Apartments - Dave Reid - Oct 29th, 2013
- Eyes on Milwaukee: They Like It, They Really Like It - Dave Reid - Oct 16th, 2013
- Eyes on Milwaukee: New Design for Greenwich Park Apartments - Dave Reid - Oct 9th, 2013
Read more about Greenwich Park Apartments Development here