Wauwatosa-based real estate development firm Wangard Partners Inc. plans to add 146 apartments and 4,700 square feet of retail space in the final two phases of its Avenir development in the Park East corridor in downtown Milwaukee, according to documents filed with Milwaukee County.
[caption id="attachment_129857" align="alignright" width="300"] A rendering of the third phase of the Avenir development that Wangard is developing in the Park East corridor.[/caption]
Wangard is developing Avenir on the Park East corridor lot bounded by Ogden Avenue and Lyon, Jefferson and Milwaukee streets. The firm has already built the first phase of the project, a five-story 104-unit apartment building, along Lyon and Jefferson, with 7,045 square feet of retail space.
The second phase of the project will be a five-story, 82-unit apartment building along Milwaukee Street.
The third phase of the Avenir project will be a five-story, 64-unit apartment building along Ogden Avenue with 4,700 square feet of retail space.
So when completed, the Avenir block will have three buildings with 250 apartments and 11,745 square feet of retail space.
Construction for the second phase of the project is expected to begin in September and be complete in March of 2018.
Construction for the third phase of the project is expected to begin in January of 2017 and be complete in July of 2018.
Avenir is one of several projects Wangard is developing in the area. The firm also plans to convert the nearby former Laacke & Joys building into office space.