Pieper Properties converting part of Third Ward building to apartments

Pieper Properties is converting some vacant floors in the Mayer Building, located at the southeast corner of St. Paul Avenue and Water Street in Milwaukee Historic Third Ward, from commercial space into residential apartments.

“We are starting with 15 units on the second floor and will see how the market receives them (size, layout, finishes) before proceeding with up to 45 additional units (potential total of 60),” said Pieper Properties owner Ann Pieper Eisenbrown. “We still have and appreciate our commercial tenants. The Mayer is on its way to being a true mixed-use building.”

Most of the apartments will be one bedroom units, but there will also be a few studio units, she said. Rents for the one bedroom units start at $1,073 per month, and studio unit rents are $910.

“From the sleek black cabinetry and subtly flecked white countertops to the rich brown wide-plank-look floors and 11-foot to 12-foot high ceilings with abundant windows…this is contemporary urban living,” Pieper Eisenbrown said.

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