Hotel conversion

Milwaukee-based hotel development group Jackson Street Holdings LLC plans to convert the Commerce Building, a six-story, 92,255-square-foot office building constructed in 1927 at 744 N. Fourth St. in downtown Milwaukee, into a hotel. Jackson Street Holdings recently purchased the building, located across the street from the Wisconsin Center, from Milwaukee-based Zilber Ltd. for $4.5 million, according to state records. Jackson Street Holdings built the 160-room Aloft Hotel at 1230 N. Old World Third St. in downtown Milwaukee in 2009 and the 205-room Marriott hotel at 323 E. Wisconsin Ave. in 2013. The group also plans to build a Westin hotel in downtown Milwaukee.