Six development teams have submitted plans to the City of West Allis for the next stage of the redevelopment of the Six Points / Farmers Market neighborhood.
The proposals aim to redevelop between 7 to 13 acres of former industrial land into a walkable, mixed-use destination.
The land is located at the southwest intersection of S. 66th St. (Six Points Crossing) and W. Greenfield Ave., including parts of the block south of W. National Ave., adjacent to the City’s popular Farmers Market.
“We are pleased by the overwhelming demand, and the continued interest being shown in our community,” said West Allis Mayor Dan Devine. “We look forward to additional development that will continue to transform our city.”
Proposals include developments ranging from $30 to $60 million in value with some developers only proposing residential and some developers proposing a mix of residential units and commercial space.
The contemporary residential developments are designed to attract the next generation of West Allis residents, including millennials and empty-nesters, Devine said.
The development teams being considered include:
- Bear Development, LLC, proposing a $59 million mixed-use commercial/residential development
- Fiduciary Real Estate Development, Inc. proposing a $32 million residential development
- The Greenery at Six Points, proposing a $55 million mixed-use commercial/residential development
- Mandel Group proposing a $62 million mixed-use commercial/residential development
- Miller Marriott Construction Co., LLC, proposing a $13 million residential development
- Wangard Partners, Inc., proposing a$50 million mixed-use commercial/residential development
The parcel is part of the city’s 44-acre Six Points/Farmers Market Tax Incremental District in the area between West Greenfield Avenue and West National Avenue, between South 60th and South 67 streets.
The developers’ proposals will be discussed at the Community Development Authority meeting Tuesday.
The land was originally going to be developed by Milwaukee-based Toldt Development, who proposed more than $60 million in redevelopment over several years, depending on market conditions.
Toldt completed several projects in the mid-2000s, but was unable to complete the proposal.
In 2013, through provisions in the original purchase and sale agreement, the site was re-acquired by the city’s Community Development Authority at a substantially discounted value because of the developer’s lack of performance.
Located just a stone’s throw from the Hank Aaron State Trail and Miller Park, the developers seek to capitalize upon West Allis’ authentic urban development, central location, and proximity to jobs and transportation options. The proposals also build on what is widely recognized as one of the metro area’s best Farmers Markets and reflect the growing demand for residential development within neighborhoods near quality dining, entertainment and parks.
These proposals will be presented to the City in January 2016, with a selection of the chosen developer team shortly thereafter. Ground is expected to occur in the second or third quarter of 2016.