But the Department of City Development and Alderman Jose G. New Land secured a zoning variance from the Board of Zoning Appeals in late 2020 to construct a structure that is 10 feet taller than the code allows and does not meet the minimum window coverage (glazing) requirements for a first floor.Ī handful of neighborhood residents testified against the proposal, saying it would bring increased crime and traffic. The company will try to do it again at Element. “We were able to build an aesthetically and design-oriented building at an affordable price point.” One-bedroom units rent for between $1,200 to $1,300 per month, with two bedrooms starting at $1,500. “I think we were able to do it at Quartet,” said the developer. Developers have struggled to service that market segment due to a variety of factors including construction and land costs, zoning regulations and financing. He said there is a large market of people that make enough that they don’t qualify for buildings subsidized by low-income housing tax credits, but can’t afford high-end new buildings. The new building is targeted at reaching what Gohkman describes as an “aggressive price point” for new construction without a government subsidy. Gokhman said the firm recommended demolition over salvage-focused deconstruction because of the lack of materials to save following the repeated alterations. Another frequent New Land collaborator, Recyclean, completed the demolition work earlier this year. created by the demolition of a substantially-altered, two-story building originally constructed in 1880. It merged the 17,500-square-foot grass lot at 934 S. Both are frequent New Land collaborators.Īs it has with the past projects, the firm sought out a mostly-vacant site. Catalyst Construction is building the structure. Korb + Associates Architects is designing the building. It brought back the same design and construction team though. The firm, however, passed on naming the building Quintet and the associated branding symmetry with the name of the street it’s located on. That success led the firm to fast track the development of its new project, effectively a clone of Quartet. Then in 2020, the firm completed Quartet, fully leasing the 48-unit building at 1001 S. It first completed Trio, a three-building complex, at 1029 S. “The remake of 5th Street, honestly, that should be the recipe,” said Gokhman of future street projects.īut the company, which has historically done much of its development in Downtown and the Lower East Side, isn’t new to the neighborhood. New Land managing director Tim Gokhman told Urban Milwaukee in a 2020 interview that part of the draw to the site was the 2017 road diet. A first-floor commercial space will be included in the building, built on a corner lot at S. Construction is expected to be completed by summer 2022, with units leased at market rates. Known as Element, the six-story building will contain 66 apartments. New Land Enterprises, through general contractor Catalyst Construction, started foundation work in recent weeks on an apartment building at 934 S. Now the first new building is rising on the corridor, but it’s not likely to be the last.
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