Milwaukee real estate company Ogden & Co. is planning to break ground this summer on a four-story, mixed use development on Brady Street that will replace a vacant one-story commercial building.
The $5.7 million development, called Keystone on Brady, is a four-story building planned on the northwest corner of E. Brady St. and N. Humboldt Ave. It will have 22 apartments on the upper floors and 3,200 square feet of ground floor retail.
The fourth story will be a partial build out for a community room and exercise area, said Jason Pietsch, principal with Ogden Multifamily Partners, LLC, an affiliate of Ogden & Co.
The company recently filed a notice with the U.S Securities and Exchange Commission notifying the government that it is fundraising $1.4 million, or about 25 percent, for the project.
Pietsch said groundbreaking is contingent on raising the money, but the funds have been verbally committed. The remaining 75 percent of the project will be done through conventional bank financing, Pietsch said.
The project has already received approvals from the Historic Preservation Commission, the Plan Commission and zoning approval from the Common Council.
