Jeramey Jannene
Eyes on Milwaukee

Developer Credits Streetcar As Factor In Building Tower

32-story tower on Water Street a "prime example" of transit-oriented development.

By - Sep 14th, 2021 05:20 pm
333 N. Water St. proposal at N. Water St. and E. St. Paul Ave. Rendering by Solomon Cordwell Buenz.

333 N. Water St. proposal at N. Water St. and E. St. Paul Ave. Rendering by Solomon Cordwell Buenz.

A new, $140 million apartment tower is all about location.

Targeted for a surface parking lot at 333 N. Water St., the 32-story, 300-unit Historic Third Ward building would be located on Milwaukee’s RiverWalk, kitty-corner from the Milwaukee Public Market and a short walk from thousands of downtown jobs and amenities. The site is also adjacent to three Milwaukee County Transit System bus route stops and the most popular station on The Hop, Milwaukee’s streetcar system.

“We see it as a prime example of a transit-oriented development,” said project architect Devon Patterson of Solomon Cordwell Buenz to members of the Zoning, Neighborhoods & Development Committee Tuesday morning.

“We are very keen on Milwaukee,” said Tom D’Arcy of project developer Hines Acquisitions. “We think it is one of the most vibrant cities in the Midwest.”

D’Arcy, who served as a consultant to Northwestern Mutual on both its office tower and apartment tower, said Hines currently has 180 projects under construction across the globe.

“We are not interested in doing a commodity project,” he said. “We are really interested in doing projects that are city changing.”

One of those changes is transitioning away from a city centered on cars.

“You have to get from today to tomorrow,” said D’Arcy of the proposal’s 390 parking spaces. “The streetcar and other examples are what get you to the future.”

The streetcar’s first and second phase, the latter of which is scheduled for completion in 2022, are expected to cost $128 million.

“To those who say the streetcar doesn’t pay for itself, this is a $140 million investment that is a result of our investment in the streetcar itself,” said area Alderman Robert Bauman.

The project, and its lack of public subsidy, has the full support of Bauman. He chairs the Historic Third Ward Architectural Review Board that led the development’s design review.

If the project were ultimately assessed at $100 million, it would net local governments more than $3 million in new property revenue annually. That includes more than $1 million to the City of Milwaukee or almost 25% of The Hop’s annual budget.

“I think the final product is a first-class product,” said Bauman in August when the City Plan Commission reviewed a zoning change for the project.

The zoning committee unanimously endorsed the zoning change. The full council will review the request on Sept. 21.

About The Building

The plans calls for a 365-foot-tall apartment tower with an attached parking structure. A resident amenity deck, with outdoor pool, would be built atop the garage. The adjoining eighth floor of the tower would be a resident amenity level with fitness center, lounge, game room, party room and co-working space.

It would be the tallest building in the neighborhood and one of the tallest residential buildings in the state.

A 2005 neighborhood plan for the Third Ward identified the site as suited for a “landmark” building. The planning document includes images of taller, glassy buildings.

A 5,120-square-foot commercial space would be located along the river, with a large outdoor patio suited for a restaurant. It would be connected to a 1,760-square-foot space at the tower’s northeast corner, facing the public market. A 4,870-square-foot street-facing space would be located at the southeastern corner of the building. Floor-to-ceiling, first-floor windows would measure 18 feet on the street-facing facade and 23 feet on the river facade.

The parking structure would be leased during the day to the current users of the parking lot. That includes tenants of the adjoining Renaissance on Water building, 309 N. Water St.

A new, public riverwalk connection would run from the corner of N. Water St. and E. St. Paul Ave. down to the existing riverwalk. A bridge would connect the building to the riverwalk, which is not currently attached to land as it passes the property.

Construction on the project could begin next year.

Once finished, residents of 333 N. Water St. will be able to hop aboard The Hop and ride to the base of The Couture, a 312-unit, 44-unit apartment tower under construction at 909 E. Michigan St.

Renderings and Site Plan

Site

The Edison

At the same zoning committee meeting, two lease agreements to enable the development of The Edison were unanimously recommended for approval. The project, a 15-story, 194-unit apartment building at 1027 N. Edison St., is also transit oriented. It would use a 110-stall, automated parking structure and mass timber frame to minimize its environmental footprint.

For more on the project see our coverage from August 25.

4 thoughts on “Eyes on Milwaukee: Developer Credits Streetcar As Factor In Building Tower”

  1. NieWiederKrieg says:

    That tower blends into the neighborhood like an elephant in an ant colony. Now you’ll have to demolish all the beautiful historic buildings around it to make it look right.

    Am I the only one that believes developers bribe city officials to get their ridiculous projects ok’d?

    Why can’t they build all the new towers into an area by themselves, away from Milwaukee’s historic buildings? Now it looks like an eyesore.

    Europe completely segregates new construction from historic areas of their cities. They care about their heritage, culture, and history unlike Americans.

  2. 45 years in the City says:

    Don’t forget GREEN Line (to airport among other useful destinations) and route 15. Both serve Bay View and East Side with frequent service.

    Notwithstanding, I still have trouble understanding how a project with 390 parking spaces qualifies as “transit oriented”, at least as the term is understood in other cities.

  3. frank a schneiger says:

    The Third Rule of Life: Development always follows streetcar lines in the modern world. You can look it up.

  4. sbaldwin001 says:

    Prime example Potemkin village?

    Whatever it is, the streetcar is not practical transportation for most Milwaukee citizens, and unless its said economic benefits reach beyond the downtown area, I worry it will become the centerpiece of a prime example Potemkin village.

Leave a Reply

You must be an Urban Milwaukee member to leave a comment. Membership, which includes a host of perks, including an ad-free website, tickets to marquee events like Summerfest, the Wisconsin State Fair and the Florentine Opera, a better photo browser and access to members-only, behind-the-scenes tours, starts at $9/month. Learn more.

Join now and cancel anytime.

If you are an existing member, sign-in to leave a comment.

Have questions? Need to report an error? Contact Us