Affordable housing development planned for central city

Developers plan to build 37 affordable housing units in two buildings that would be built on a central city block bounded by Teutonia Avenue, Hadley Street, 15th Street and Center Street.

Developers plan to build 37 affordable housing units in two buildings that would be built on a central city block bounded by North Teutonia Avenue, West Hadley Street, North 15th Street and West Center Street on Milwaukee’s north side.

Franklin Square Apartments LLC, an entity formed by Milwaukee-based Maures Development Group LLC and Northbrook, Ill.-based Brinshore Development LLC, is the developer for the project.

The first building for project would be a four-story building, located at the northeast corner of 15th and Center, with 27 apartments and a small amount of ground floor commercial space that would be occupied by Maures Development Group. The second building would be located at the southwest corner of Teutonia and Hadley and would have 6 townhomes and 4 flats.

The $10 million project would be financed in part through federal affordable housing tax credits allocated by WHEDA (Wisconsin Housing and Economic Development Authority).

Maures Development is owned by developer Melissa Goins. The firm’s most recently project is Teutonia Gardens, a mixed-use affordable housing development located at the northwest corner of Teutonia and Center.

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