Walker’s Point Apartments Begin To Rise
The first of three new apartment buildings is under construction in Walker's Point.
The $12.2 million New Land Enterprises apartment project in Walker’s Point is starting to see some progress. The project broke ground last May and we can now see development on the first floor of the first building.
The buildings are located at 1029 S. 1st St. (on W. Washington St. and between S. 1st St. and S. 2st St.). The three, five-story buildings will have a total of 120 apartments and 100 parking spaces. They are designed by Kindness Architecture and developed by Tim Gokhman of New Land Enterprises, Jim Wiechmann of Wiechmann Enterprises of Milwaukee, and Michael Sanfelippo who owned the property.
Last April, we covered the buildings as they were leaving the planning stage. Gokhman purchased the 1 acre lot for $1.4 million last July; the lot was formerly the parking lot for Joe Sanfelippo Cabs Inc. The apartment buildings are part of the revitalization of Walker’s Point, and the area along S. 2nd St. in particular, which began in 2009 with an effort to redesign the street for better walkability. Gokhman stated that the Milwaukee Streetcar had an instrumental role in getting the project started.
“Regarding the streetcar, I was talking about the expansion loop – it literally circles around this project. I know it’s years out, and I’m sure faces obstacles, but the potential itself is exciting. And consistent with our development philosophy of urban density, walkability, and a lesser reliance on cars in general,” Gokham explained in an email to Urban Milwaukee.
From this week’s photos, we can see that the concrete walls of the first floor and the elevator tower of the first building are nearly done. Most of the lot is still barren, but it shouldn’t stay that way for long; we can see the beginnings of another wall towards the middle of the lot.
Check out the photo gallery below. For building renderings, check out the article here.
Photo Gallery
Renderings
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Apartments are nothing more than an income stream for wealthy landlords. Rich or poor funnel money to the landlord year after year after year. Whatever happened to the dream of home ownership? There needs to be other choices for reasonable housing instead of hosing.
Ownership isn’t for everyone Jan. The pluses and minus to either option and you need to weigh those against your goals and lifestyle to decide what is the best match be it owning/leasing a vehicle or housing.
@Jan K Um, what? Care to expand upon your anti-apartment rant?