A proposed redevelopment project by HKS Holdings LLC for the Posner Building, located at 152 W. Wisconsin Ave. in downtown Milwaukee, would create 105 apartments and extensive retail space in the building.
The seven-story, 106-year-old building located at the corner of Wisconsin and Plankinton avenues is best known as the home of the downtown location for Mo’s Irish Pub. But the upper floors of the building have been vacant for years. The Wisconsin Housing and Economic Development Authority will provide $13.75 million in financing. City officials plan to provide up to $2.5 million in tax incremental financing for the project. The TIF funds will be paid up front by the developer and later reimbursed from increased property tax revenues.