From the Milwaukee Journal Sentinel …
A new proposal has been submitted to turn the remainder of South Milwaukee’s former Bucyrus campus into apartments and commercial space.
Now, Scott Crawford has partnered with J. Jeffers Co. for a new proposal for the same space. South Milwaukee’s plan commission unanimously recommended the common council schedule a public hearing for Jan. 3, 2023 regarding a rezoning request. The council will review the project on Dec. 6 and consider scheduling the public hearing.
The proposal includes 92 mixed-income apartment and loft-style units. Plans show a mix of 33 one-bedroom units each approximately 688 square feet for $1,250 per month, 40 two-bedroom units offering approximately 900 square feet for $1,600 per month and 19 three-bedroom units with 1,300 square feet of space for $2,150 per month in the Technical and Corporate buildings already on-site. …
The Heritage building could see a vast transformation with aluminum windows replacing some of the brick to facilitate commercial use. The primary entrance would be the alley parallel to Milwaukee Avenue with parking in the east lot. The entire first floor, which includes a cafeteria, would be occupied by a yet unnamed commercial tenant requiring 50 parking spaces. The second floor could include two commercial tenants and more could be forthcoming, according to planning documents.
The project is estimated to cost $36.7 million. A tax incremental financing request of a $1.6 million over 22 years was mentioned in the submittal.
Additionally, the project would seek $500,000 in Community Development Block Grant funding, which aims to improve the quality of life for those with low to moderate incomes.
Other sources of funding listed include $1.25 million in Wisconsin Economic Development Corporation grants and $1.17 million in an affordable housing grant, to name a few per the plan submittal.
If approved, the developer hopes to start construction in October 2023 and the project is expected to take a full year to complete.
The Business Journal also has coverage (behind a pay wall).