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Atlantic Realty Partners first approached the city in 2015 seeking permission to construct a four-building, 450-unit apartment complex along at stretch of Milwaukee River frontage between 1785 and 1811 N. Water Street.
Milwaukee officials discussed plans on Monday for the next phase of an apartment development on the riverfront, while developers asked for more units for their next building phase.
Anderson s firm, Focus, and the owner of the malls, Dallas-based Centennial Real Estate, aim to replicate the symbiosis that exists in cities and in some suburban downtowns. They re betting the apartments will support retail and restaurants, and vice versa.
At Hawthorn, on the site of a former Sears store, they re creating an integrated package with 311 apartments above 52,000 square feet of ground-floor retail space opening out onto new sidewalks and streets. Focus isn t just plopping an apartment building down on a nearby parking lot.
If it works, the apartments will attract both suburban empty nesters and aging millennials who want to leave the city but maybe not completely.
Atlantic Realty Partners breaks ground on Parkview at Palmetto Bay apartments bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.