Downtown development proposed
Could provide housing for city college students
By Christopher Placek
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- Student housing is proposed near MATC and Bradley Center
- Development aimed at Milwaukee-area students, including those at Marquette
- Project will also include retail, parking and classroom spaces
- Planners hope to add to growing development in area
Students looking to live in downtown Milwaukee but close to Marquette's campus could get a new housing option if a deal is approved by the county.
Plans are underway for a $75 million mixed-use development at the corner of North Sixth and West State streets that would include student housing. A seven-story apartment tower would be geared toward students at Milwaukee Area Technical College, Marquette University, Milwaukee School of Engineering and the University of Wisconsin-Milwaukee, said Steven Stewart, president and CEO of New Vision Development Co., which is planning the project.
The proposed development is located on county-owned land. The Milwaukee County Board Economic and Community Development Committee voted 7-0 last week in favor of New Vision's proposal to purchase the 1.89-acre space. The full County Board of Supervisors will decide Thursday whether to support the $3.1 million sale.
Plans call for an apartment building on the north side of the space to house about 450 students. Approximately 50,000 square feet of retail space, likely to include restaurants and shopping, would be located on the first floor. Parking for about 600 vehicles would be located on the south side of the site, Stewart said.
If approved by the board and signed by County Executive Scott Walker, New Vision would have a nine-month option to firm up plans for the space and secure financing for the project, said Milwaukee County Supervisor Marina Dimitrijevic of the 4th District, which includes the development's site.
"Its strength is that it's so diverse and multi-use-retail, housing and parking," Dimitrijevic said. "It seems like a nice mix that will suit all those needs."
Published: 2/5/08 Section: News
