Tom Daykin, Milwaukee Journal Sentinel – September 1, 2016
A large downtown Milwaukee development parcel has been sold to a Minneapolis-area firm that is building apartments throughout the upper Midwest.
The 56,300-square-foot parcel at 1333-1339 N. Milwaukee St. was sold to Hunter Roers Milwaukee LLC for $950,000, according to state real estate records posted this week. The vacant lot is on a slope between N. Milwaukee St. and N. Broadway, just south of E. Ogden Ave.
Hunter Roers is affiliated with Roers Investments, based in Long Lake, Minn. Owner Brian Roers said Thursday he is not yet disclosing the plans for the lot.
Department of City Development officials have no information on plans for the site, said department spokesman Jeff Fleming.
Roers Investments has developed apartments in Minnesota, North Dakota, South Dakota and Iowa. The firm’s projects include a $45 million, 211-unit apartment complex under construction in downtown Des Moines, according to The Des Moines Register.
The Milwaukee property was sold by LCM Funds 41 MKE-Broadway LLC. The group, led by developer David Winograd, bought the property in April for $820,000. Winograd said then he had no specific plans for the property.
The land once housed Gugler Lithographic Co. before that printing firm shut down.
The former Gugler building was then used by Milwaukee Center for Independence, a nonprofit group that provides job training services, before it moved in 2004 to a new headquarters built at 2020 W. Wells St.
The center sold the property to developers, who demolished the building with plans to create condos and commercial space.
Original article can be located here.