Eyes on Milwaukee: Construction Could Start in 60 Days On Massive Bay View Project
Proposal would add eight buildings, 576 apartments where a vacant factory stands.
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Proposal would add eight buildings, 576 apartments where a vacant factory stands.
Bear Development's plan for state's largest private affordable housing complex gets bigger.
Affiliates of Kenosa-based Bear Development LLC bought access to the parking structure, at 212 N. Milwaukee St. for $6.9 million.
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 mil...