Milwaukee s Inner Harbor: Past and Future - Shepherd Express shepherdexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shepherdexpress.com Daily Mail and Mail on Sunday newspapers.
Mason St Ventures acquired the property from Sentinel Suites LLC, an Illinois-based investment group led by
Doug Young. The Illinois firm paid Milwaukee investor
Max Dermond $1.53 million in 2018 for the property. It was billed as 50% vacant at the time.
Now it’s 70% vacant.
Alex Zank, would turn the building into apartments.
“It’s a really cool building, a lot of history behind it, and it’s in a prime location right downtown,” Gollatz told Zank. “You don’t see many buildings like that come up for sale at a semi-affordable price point.” The property is assessed for $1.58 million.
The conversion could result in 30 apartments in the 30,848-square-foot building. Gollatz said his group is now talking with architects and contractors.
Port making way for biggest investment in seven decades. By Jeramey Jannene - Feb 16th, 2021 10:24 am //end headline wrapper ?>Advance Building at 1711 S. Carferry Dr. Photo by Jeramey Jannene.
Change is coming to Milwaukee’s port.
Three vacant buildings on the inner harbor will be demolished this spring to clear the way for DeLong Company‘s $31.4 million agricultural export facility.
“This is one of the highlights of my career,” said Port Milwaukee executive director
Adam Tindall-Schlicht in August. “DeLong’s investment at the port is the biggest at least since the 1950s.”
The demolitions will create a 4.42-acre site on the Inner Harbor that the city-owned port will lease to DeLong for a period of 30 years.