Construction began recently for a $4.5 million, 31-unit townhouse project, being built by developers Tim Gokhman and Ann Shuk, in Milwaukee’s Riverwest neighborhood.
The four-building complex is being constructed on a one-acre site at 2650 N. Humboldt Blvd.
Residents will start moving into the units this fall, Gokhman said.
“We think Riverwest has become a great destination,” he said. “We really see Center Street (just north of the townhouse project site) as being on par with Brady Street or KK (Kinnickinnic Avenue) in terms of what it can become. There’s a really cool vibe there and a really great local community. I think that area has been underserved and overlooked by the development community.”
Each of the townhomes will have two bedrooms, 2.5 bathrooms, about 1,500 square feet of total space, a garden area, a private garage and a private entrance. The townhomes will have high quality finishes and the project is located along the Oak Leaf Trail.
They will be rented for $1,700 to $1,800 a month, which is high for the Riverwest area, but rental units with similar amenities would cost significantly higher rents downtown, Gokhman said.
“I think the key is providing a quality product,” he said. “We’re excited to be able to offer these.”