Apartments proposed at 2 downtown Waukesha sites
Journal Sentinel business reporter Tom Daykin talks about commercial real estate and development.
Two apartment buildings, totaling 66 units, have been proposed for downtown Waukesha, and are seeking city Plan Commission approval.
Developer Ken Miller, of Kendal Group Ltd., wants to build the 36-unit Kendal Lofts at 456 W. Main St.
Kendal Group would raze the former O'Brien Photography building, and replace it with a four-story apartment building with underground parking, said Mike Hoeft, city planner.
Miller said he hopes to begin work next year, and have the building completed by fall 2012. He said the two-bedroom apartments would have monthly rents of around $1,150.
Just a few blocks away, at 212 W. North St., developer Mark Thatcher, working with Green Bay-based Lexington Homes Inc., is proposing a two-story building with 30 apartments and underground parking, according to Hoeft and Rob Ernest, Lexington president.
That building would replace an older apartment building, owned by Thatcher, that was damaged in a fire last winter, Ernest said. Thatcher couldn't be reached for comment.
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Commercial Real Estate News
Common Council rejects apartment high-rise behind Goll House
A proposed $55 million 27-story apartment tower for Milwaukee's east side has been rejected by the Common Council.
The council on Tuesday voted 10-5 to support the project, falling two votes short of the supermajority needed for approval. The zoning change needed 12 votes because a protest petition was signed by enough adjacent property owners, said Ald. Ashanti Hamilton, council president.
The opponents were Ald. Robert Bauman, whose district includes the site, along with aldermen Cavalier Johnson, Mark Borkowski, Jose Perez and Tony Zielinski.
Check the Milwaukee Assessor’s Office website, which includes tools to look up property assessments.
Find property assessments for other communities throughout the state at AssessorData.org.
The Milwaukee Department of City Development website includes information on the city Plan Commission and Redevelopment Authority.
The Commercial Association of Realtors Wisconsin offers information on commercial realtors and real estate.
The Milwaukee chapter of the Institute of Real Estate Management serves the needs of real estate management professionals
The Wisconsin chapter of the NAIOP Commercial Real Estate Development Association aims to serve developers and owners of commercial real estate.
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The judges said, "Daykin’s aggressive reporting and accessible, explanatory writing make him a must-read for his tight-knit and highly engaged audience."
