The Rhythm Resounds On Water Street
140-unit apartment complex across from North End begins to rise.
The Rhythm, a 140-unit studio and one-bedroom apartment complex developed by Tim Gokhman, is underway at 1632-1640 N. Water St. Scott Kindness is the architect for the $10 million project, which had been scheduled for completion in early spring when first announced last October. The property owner is Rhythm LLC., which is registered to James L. Wiechmann, who has been involved with Gokhman as equity partner on other projects. Wiechmann is also developing the $33 million 13-story Farwell Tower, announced this month, which is undergoing city approval.
The property where The Rhythm is located is currently assessed at $800,100. The general contractor is Catalyst Construction, operating under a $9,500,000 building permit that came with a $42,680 permit fee. Catalyst has also built the Avante, Latitude, Brewery Point and East Terrace apartment buildings in the general area. Rents at The Rhythm will range from $1,200 to $1,600 per month.
The construction takes place as N. Water St. north of downtown is finally filling in with developments. The North End Third Phase is nearing completion across the street, and other projects are proposed or underway to the north, including The River House. The cumulative development will finally create a long-awaited connection between Water and Brady streets as the vacant lots along the half mile stretch are built up. The change is visually striking, and is accentuated by the street’s curve at the site of The Rhythm.
The project is built into what was a very steep bluff, a remnant of the original shoreline of the east bank of the Milwaukee River that elsewhere had long been obliterated. The bluff is at the east end of the project, and that land has been stabilized with sheet pilings, and precast concrete panels are being set into place. The two levels built thus far will feature parking spaces on the windowless east part of the building, and apartments and retail on the west side, facing Water St.
Past Coverage of The Rhythm
- New Apartment Building Planned for Water St. By Jeramey Jannene – July 22nd, 2014
- Friday Photos: The Rhythm Gets Going By Jack Fennimore – Oct 30th, 2015
- Plenty of Horne: Mystery of the Curve’s Urinal By Michael Horne – Dec 12th, 2014
- Taverns: Last Call for The Curve Bar By Michael Horne – Sep 17th, 201