Third Ward Building Could Become Hotel
Wimmer Communities would convert five-story building, a former shoe polish factory.
A request pending before the Historic Third Ward Architectural Review Board calls for the five-story building at 125-129 N. Water St. to be converted to a hotel. No additional details on the project were available. The project is scheduled to be reviewed on Wednesday.
Hales Corners-based Wimmer acquired the property in April 2019 for $3.3 million. It also acquired the surface parking lot at 217 N. Water St., the five-story, 7,200-square-foot building at 221 N. Water St., home to restaurant Lucky Ginger, and the surface parking lot at 239 E. Erie St. for $800,000 combined.
Brothers Mark and John Wimmer, the fifth-generation leaders of the family real estate firm, already owned a slice of the Historic Third Ward before acquiring the Hoffman properties. The brothers purchased the former firehouse at 105 N. Water St. and in 2018 began converting it into a shared, part-time downtown residence for their families. It was most recently used as an office building, located immediately south of the shoe polish factory. Work is ongoing on that project.
Wimmer is declining to provide further details on the project until the Wednesday meeting. The 160-person company reports owning more than 30 properties and 5,000 residential rental units.