River Bank Plaza will get redeveloped. By Jeramey Jannene - May 12th, 2021 03:01 pm //end headline wrapper ?>River Bank Plaza. Photo by Jeramey Jannene.
Another aging downtown office building will find new life as housing.
A company called 3L Real Estate will convert the eight-story River Bank Plaza building, 740-744 N. Plankinton Ave., into the RiverWalk Lofts.
The plan calls for more than 130 apartments including studio, one, two and three-bedroom layouts. The three-bedroom units would have a “rooftop duplex” layout according to a press release from the Rosemont, IL-based real estate firm.
Constructed is expected to begin in 2022 and be completed in 2023.
Mostly-vacant office building would see new life as housing. By Jeramey Jannene - May 6th, 2021 04:40 pm //end headline wrapper ?>The Sentinel Building. Photo by Jeramey Jannene.
Another aging downtown office building would see new life as housing.
An investment group led by
“We are still going through the design and working with the city on code compliance,” said Gollatz in an interview with Urban Milwaukee.
Constructed in 1892 and home to the namesake newspaper until 1930, the 10-story building was 70% vacant when Gollatz’ Mason Street Ventures LLC acquired it for $2.1 million in February.
“We love the area. We love the history of the building,” he told Urban Milwaukee. “Obviously office use is not the biggest thing out there for investors or anybody in real estate right now.”