Area Resident Plans Hopkins St. Project
Charles McCoy will purchase, redevelop commercial building in Amani neighborhood.
McCoy plans to invest approximately $250,000 in the acquisition and redevelopment of the two-story, mixed-use building. A commercial kitchen and outdoor patio would be installed in the first floor to serve a future tenant. Two apartments would be created on the second floor.
The investor owns 15 residential properties according to a city report. This would be his first commercial property.
“I actually live in the neighborhood where this project is going to be,” said McCoy in an appearance before the Common Council’s Zoning, Neighborhoods & Development Committee.
“I’ve been pushing for people to ‘buy the block,’ meaning people from the neighborhood to buy. This is just a great example with Mr. McCoy and his interest in helping revitalize the neighborhood he’s so familiar with,” said Coggs when the proposal was before a council committee. “I look forward to this building coming back to life.”
“Hopefully this revitalization will add to the beautification of Hopkins,” said Coggs. The diagonal street is jointly represented by Coggs and Ald. Khalif Rainey and serves as a gateway to the Century City business park.
McCoy will pay $5,000 for the property. He is working with the UW-Milwaukee School of Architecture and Urban Planning on the building’s design.
As part of the sale agreement, McCoy will have to remove all chain-linked fencing and barbed wire from the property. He intends to create a 13-stall parking lot on the property’s eastern side.
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Related Legislation: File 191276