Josh
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« on: March 04, 2010, 12:55:27 PM » |
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East side apartments near Columbia St. Mary's proposed
By Tom Daykin of the Journal Sentinel
March 4, 2010 11:41 a.m. |(6) Comments
An east side apartment building, aimed at employees from the nearby Columbia St. Mary's Hospital, is planned for a site between N. Farwell and N. Murray avenues, about one-half block north of E. North Ave.
Chicago-based Mercy Housing Lakefront Inc. is proceeding with the proposal, which would require Common Council zoning approval.
The deal also needs council approval to sell a city-owned parking lot to accommodate the project. Ald. Nik Kovac, whose district includes the site, has introduced a resolution to sell that lot. The sale price has not yet been determined.
The development site would include an adjacent parking lot owned by U.S. Bank, according to a source familar with the proposal. The bank operates a branch at 2303 N. Farwell Ave.
A spokeswoman from Mercy, a non-profit housing developer, declined to comment,
Mercy last year disclosed plans to remodel the former Prospect Mall into around 100 apartments and street-level retail space. But Mercy later dropped those plans for the former mall, which is about one block southeast of the current proposed development site.
The apartments would be marketed, in part, to employees of the nearby hospital, which is being expanded.
Mercy plans to seek federal affordable housing tax credits to help finance the project. Those credits are provided through a competitive process by the Wisconsin Housing and Economic Development Authority.
To receive affordable housing credits, developers must lease apartments, at below-market rents, to people earning no more than 60% of the Milwaukee area's median income. For a one-person household, that maximum income is $28,440, and $32,520 for a two-person household, with the limits increasing as the household size increases.
A meeting for nearby residents and others interested in the proposal is tentatively set for 6:30 p.m. Wednesday, at Paddy's Pub, 2339 N. Murray Ave.
The east side has seen another apartment development aimed at Columbia St. Mary's Hospital employees: the 90-unit Latitude project, under construction at the corner of N. Farwell Ave and E. Kenilworth Place.
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Josh
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« Reply #1 on: March 04, 2010, 12:57:26 PM » |
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me no likey this idea. a) we lose ANOTHER area of parking on an already thin Eastside. b) Scott Fergus is rumored to be the one heading up this proposal, and he already fuckered up the River Condo's he owned, and went into foreclosure. no bueno.
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thizgirl
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« Reply #2 on: March 04, 2010, 02:20:23 PM » |
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lets put up some projects, I need a place to hang out and drink a 40
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ry
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« Reply #3 on: March 04, 2010, 04:07:45 PM » |
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so not only do they remove two parking lots, but add more people into mix.
sounds like a bright idea.
and i'm sure rich doctors are going to want to live with low income families.
pfft.
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Josh
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« Reply #4 on: March 04, 2010, 05:24:14 PM » |
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thiz ~ I actually see these apartments being grabbed up by more college students, than by some low income trash. Most of the subsidized housing credit apartments in the downtown area, are full of service industry kids and college students. So, the only 40oz drinking you may have to worry about there, is from a hipster kid resident  |
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pink posey
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« Reply #5 on: March 04, 2010, 10:58:42 PM » |
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i used to live right on bradford & downer, and also by the sendiks on downer and never had a shady character issue. I loved the area.
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farzad
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« Reply #6 on: March 05, 2010, 07:13:08 AM » |
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milwaukee doesnt need more housing - it needs more business and commercial space imo
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thizgirl
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« Reply #7 on: March 05, 2010, 10:09:08 AM » |
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thiz ~.... So, the only 40oz drinking you may have to worry about there, is from a hipster kid resident i <3 hipsters!yay |
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croat
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« Reply #8 on: March 09, 2010, 12:10:31 PM » |
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http://www.jsonline.com/blogs/business/87117867.htmlWell they want to turn 46 surface lots into 83 apartments and a 115-space parking spaces (structure) of which 30 spaces will be for public parking. Throws the classic parking obstacle/debate out the window.
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Josh
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« Reply #9 on: March 09, 2010, 02:20:10 PM » |
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I still feel they need more public parking downtown and the eastside.
Just on North Avenue, if this construction moves forward, you are limited to the Library Lot ~ the hidden gem between Beans and Barley & Von Triers ~ and the lot across from Altera Coffee on Prospect.
Everything else has gone bye bye, or is now privately owned.
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croat
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« Reply #10 on: March 09, 2010, 03:17:06 PM » |
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Course - but land is too valuable and taxpayers dont wanna pay money.
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croat
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« Reply #11 on: March 12, 2010, 08:17:38 AM » |
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