Skip to main content
  1. Life
  2. Neighborhoods
  3. Land Use

A new high-end apartment for the Posner building downtown

See also

The new apartment revitalization project of the seven-story, 108,000 square feet space, Posner building on W. Wisconsin Ave could help revive the area near the Grand Ave Mall downtown. Currently the famous stake house Mo’s Irish Pup occupies the lower floor and part of the second floor. According to city officials, the city of Milwaukee could provide a substantial amount of funding for the $25 million project.

The Milwaukee based Developer HKS Holdings responsible for the development of projects such as the Global Water Council, and 311 East Chicago Street mixed-use office, Condo and retail building is to convert the currently vacant upper floors space of the white stone façade with large window openings building facing Plankinton Ave and Wisconsin Ave into a modern 105 high-end apartments.

At least $14 million of the project cost is made available by the Wisconsin Housing and Economic Development Authority with additional financing that could reach a $2.5 coming from the City of Milwaukee through property taxes for building improvements. Within the past year, governor Scott Walker has also raised the preservation tax credit by 15% in an effort to help encourage such revitalization projects for the Milwaukee area. This tax credit comes in combination with a 20% federal historic preservation tax credit available also for qualified projects.

In an effort to bring more residents into the area, Mo's Irish Tavern owner John Vassallo has plans ready to rebuild the new apartments proposal since the year 2000. The vacant space that has been awaiting the sustainable redevelopment for the last seven years could also include a street-level retail strip next to Mo’s Irish Pub.

For spelling or content error please contact me at: MSAE@gmail.com

Advertisement

Life

  • Derek Hough
    Derek Hough brings quadruple threat talent to 'DWTS' and beyond
    Today's Buzz
  • Hookah smoking
    Young adults believe hookah smoking pose no health threat
    Camera
    7 Photos
  • Top outdoor activities
    Don't spend your summer indoors: Top outdoor activities to do with your significant other
    Camera
    10 Photos
  • Baby shower idea for men
    A new twist on baby showers is throwing a Daddy Baby-Q
    Camera
    7 Photos
  • Wedding special
    'Curvy Brides' offers a new look into every bride's pursuit for her picture perfect wedding gown
    Camera
    7 Photos
  • Morbid obesity
    Health: Morbid obesity decreases life span by up to 16 years
    Camera
    7 Photos