Affordable Senior Apartments Get Plan Commission Approval
Plan calls for redeveloping former Perlick plant, with connection to planned bike trail.
Developer Cornelius McClendon secured an endorsement Monday from the City Plan Commission to support his redevelopment of the former industrial complex at 3040-3100 W. Meinecke Ave. into affordable senior apartments.
His firm, McClendon Capital Group, would redevelop the four-building complex with support of the state’s low-income housing tax credit program. McClendon is seeking credits that are reserved for seniors making 30%, 50% and 60% of the area’s median income. In exchange for accepting the credits, developers set aside specific units at rental rates not to exceed 30% of a household’s income.
McClendon is seeking the competitively awarded credits and must secure zoning approval from the city to improve his application. In addition, because the property is within 150 feet of a heavy industrial property, McClendon will need additional approval from the Board of Zoning Appeals. A We Energies yard is located to the south of the site and a Master Lock factory, which divides the site from the other housing development, is located to the north.
The development also relies on the use of historic preservation tax credits. The complex was built in phases from 1900 through the 1940s according to a Wisconsin Historical Society survey. For decades it was home to the Perlick Corporation, a maker of bar and beverage fixtures as well as brewing equipment, but in 1963 the company relocated to 8300 W. Good Hope Rd. The main, four-story structure was originally constructed for use as a furniture factory. It was most recently known as the Park Industrial Center.
Additionally, a path would be constructed to access the planned 30th Street Corridor trail. The path would provide a public connection to the trail which would run along the railroad line, which is below grade. “That’s a long-term project a number of our plans have contemplated,” said Department of City Development planning manager Sam Leichtling.
“Terrific development. I’m very excited about the aging in place and community aspects of this,” said Commissioner Allyson Nemec. She encouraged further coordination with Master Lock to establish a mutually-beneficial natural buffer between the properties.
The commission unanimously endorsed the plan.
There is approximately 150,000 square feet of space between all of the buildings on the 2.1-acre property.
McClendon would need to purchase the Perlick property from Walter Kennison‘s Tierra Subida Limited Partnership. OfficeSpace.com offers it for $1.1 million. The site is technically three parcels in city records, assessed for a combined $544,400.
A now-expired Loopnet property listing was a bit optimistic on the amenities the property offers: fenced lot, signage and commuter rail. While commuter rail has been discussed informally for the adjacent railroad line, no system operates today, nor is one expected in the near future.
UPDATE: An earlier version of this article incorrectly quoted Leichtling.