A commercial building on Milwaukee's near west side − vacant for more than 20 years − could be redeveloped into apartments and a café under a new plan.
The four-story, 10,064-square-foot building, 2627 W. State St., would be renovated into six apartments, with two to three bedrooms, as well as the café and a possible fitness center.
That's according to a new report to the Milwaukee County Board. The board is to review plans to seek a $250,000 grant from the Wisconsin Economic Development Corp. to help finance the project.
The report said the $1.1 million project's other funding would include equity financing, loans, a city grant and help from Brew City Match, which provides grants, loans and technical assistance for Milwaukee central city entrepreneurs. No county funding would be involved.
The WEDC grant would be obtained on behalf of the property owner and developer, Watersview Investments Group LLC. The group, led by Jason Waters, bought the building in 2020 for $45,000, according to city assessment records.
The renovations would likely start by early 2024 with anticipated completion by mid-2024, Waters told the Milwaukee Journal Sentinel.
The building, which now has eight apartments and two commercial spaces, "has been vacant for over two decades and is currently non-functioning due to major rehabilitation efforts needed to make it habitable," the report said.
"The building’s location near busy 27th Street and close to many residential units, local businesses, Marquette University, downtown Milwaukee, freeway access, and a soon-to-be-renovated theater make it an ideal fit for additional residential and commercial use," said the report from Celia Benton, county economic development director.
The building is just across the street from the future home of Dulaney's restaurant, which is being developed in a former tavern at 2610 W. State St.
Dulaney's is part of a larger development that includes restoring a former theater, 2612-2616 W. State St., into the New State Theater, an all-ages performance venue, as well as recording studios.
Tom Daykin can be emailed at tdaykin@jrn.com and followed on Instagram, Twitter and Facebook.
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November 27, 2023 at 06:02PM
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Long-vacant Milwaukee building to be redeveloped as apartments, café - Milwaukee Journal Sentinel
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