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Plus: A rundown of the week s real estate news. By Jeramey Jannene - Jan 17th, 2021 03:13 pm //end headline wrapper ?>Development site owned by Marquette University (700 Lofts at left). Photo by Jeramey Jannene.
In 2012, an Urban Milwaukee article described how two new apartment buildings would bring activity to two dead zones at the edge of Downtown.
One of those complexes, the 700 Lofts, was proposed for a pair of underutilized buildings at the corner of W. Michigan St. and N. James Lovell St. Bear Development completed the 49-unit, affordable housing project in the ensuing years.
But the dead zone didn’t disappear, largely because a multi-block project proposed across the street by Marquette University didn’t move forward.
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Plus: First tenants announced for North Avenue Market By Jeramey Jannene - Jan 10th, 2021 06:16 pm //end headline wrapper ?>Filer & Stowell, 147 E. Becher St., conceptual rendering. Rendering by Engberg Anderson Architects.
Developers intend to create 959 new affordable apartments across Milwaukee, if allocated housing tax credits.
The Milwaukee projects are just 13 of the 54 applications submitted to the Wisconsin Housing Economic Development Authority (WHEDA) as part of its annual competitive allocation of low-income housing tax credits. Applications, like in past years, exceed the amount of available federal credits.
“The demand for these highly competitive tax credits indicates a continuing, acute shortage of affordable housing throughout Wisconsin,” said WHEDA CEO
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