Another site along North Water Street in downtown Milwaukee is being eyed for future development.
An attorney with Milwaukee law firm, Friebert, Finerty & St. John, S.C., filed an application with the city of Milwaukee on behalf an unnamed developer to vacate the public right away at the northeast corner of North Water Street and East Pleasant Street to facilitate future development.
Brian Randall, who filed the application, said his client wants to determine if the property at 510-516 E. Pleasant St. is suitable to develop.
“It’s a big unknown what’s underground, the only official way to know is to pay the $1,300 for the city’s staff time to go through maps and find out,” Randall said.
Randall said his client is a local developer, but would not comment on what type of project is being considered for the property.
The site includes a triangular piece of grass that is in front of Shorewest Realtors downtown Milwaukee Office, 1610 N. Water St. Also included in the application is 510-516 E. Pleasant St., which is a two-story duplex, built in 1880. The city assesses the property for $255,400.
Karen Catalano, sales director for the Shorewest office, said she had no idea about a future development at the site.
“No one has approached us and we have no desire to sell,” Catalano said. “I’m sure a lot of people would love to develop this corridor.”
If the site is feasible, Randall said his client will work with Alderman Nik Kovac and the city to introduce plans for the property.
The North Water Street corridor continues to be a booming area for development.
Mandel Group has begun work on the fourth phase of its The North End project, which will add 155 apartments to the 650-unit mixed-use development along the Milwaukee River.
Wauwatosa-based real estate firm Wangard Partners Inc. announced plans to convert the former Laacke & Joys building, 1433 N. Water St. into office space, a restaurant and hotel.
Wangard also plans to construct a two-building development along the Milwaukee River, at Brady and Water streets, with 160 to 200 apartments and up to 12,000 square feet of retail space.
Tim Gokhman and Jim Wiechmann are building Rhythm, a seven-story 140-unit apartment building at 1632-40 N. Water St.
Construction work is underway on the first phase of Atlanta-based Atlantic Realty Partners’ River House development, a four-building 443-unit luxury apartment development on the former Gallun Tannery site along the east side of the Milwaukee River, the west side of North Water Street, and north of Holton Street in Milwaukee.