Redevelopments proceeding in Walker’s Point
wpengine • Jul 27, 2016
By: Tom Daykin, Milwaukee Journal Sentinel July 27, 2016
Another project that’s among a series of new commercial developments along S. 2nd St., in Milwaukee’s Walker’s Point neighborhood, is close to completion.
Developer David Winograd is converting three adjacent buildings, at the northeast corner of S. 2nd St. and W. Pittsburgh Ave., into 12,000 square feet of restaurant and store space, and 10 second-floor apartments.
Those renovations started last fall and are to be completed by Sept. 1, Winograd said. People began moving into the first batch of apartments in July, with more apartments ready to open in August, he said.
The buildings being remodeled once housed Prime Leather Finishes Co., which shifted production to its Pewaukee facility in 2011, and Lucky Joe’s Tiki Room, a tavern that closed in October.
The apartments are mostly one- and two-bedroom units, with monthly rents starting at $1,450, Winograd said.
The commercial space is divided into five storefronts. Winograd said the retail space is drawing a lot of interested prospects, but he said he isn’t ready yet to announce any signed leases.
The $3 million development is attractive in part because the property has 33 parking spaces on a neighboring lot east of the buildings, Winograd said.
Also, he owns an additional parking lot about one block south of the development, on the east side of S. 2nd St., north of W. Oregon St.
It also helps that the project is in a part of Walker’s Point that continues to see strong demand for new apartments and commercial space.
Just south of Winograd’s development, at 133 W. Pittsburgh Ave., are three adjacent buildings that will be converted into apartments, offices and street-level retail by their new owner.
An affiliate of Bloomington, Ind.-based Cedarview Management bought the properties in November for $2.2 million and in June received a city building permit to begin renovations.
The three buildings, constructed in the 1890s, include a five-story, 58,800-square-foot building; a four-story, 20,936-square-foot building; and a two-story, 5,844-square-foot building. A Cedarview executive couldn’t be reached for more information about the firm’s plans for the property.
Meanwhile, an affiliate of Pittsburgh-based Linden Street Partners LLC this month bought a vacant lot, at 324 S. 2nd St., east of S. 2nd St. and north of W. Florida St., for $475,000, according to state real estate records.
Linden Street has preliminary plans to develop a five-story building with 68 apartments on the half-acre parcel, said owner Scott Richardson. The building would have an enclosed parking structure and around 1,500 square feet of retail space on its first floor.
The development firm hopes to begin construction in early 2017 and complete the building about a year later, Richardson said. He said the site’s close proximity to downtown employers, and nearby restaurants and bars, help make it a good location for housing.
‘I love the walkability of the Walker’s Point neighborhood,’ Richardson said.
Other nearby projects include the 2013 and 2014 openings of new stores for Indulgence Chocolatiers, 211 S. 2nd St., and Purple Door Ice Cream, 205 S. 2nd St.
Meanwhile, Winograd’s development hasn’t been without its challenges. His buildings date to 1900, according to city assessment records.
‘It was a lot of work because the walls just kept crumbling,’ Winograd said, with a laugh.
Winograd’s other Walker’s Point projects include plans for a 12-story, 164-unit apartment building at 234 S. Water St., and the South Water Works mixed-use development, south of E. Pittsburgh Ave., between S. Water and S. Barclay streets.
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A three-story building in Walker’s Point will get a new lease on life under a plan from developer David Winograd. It’s a site that has already given life to many entrepreneurial dreams. Plans were released in 2016 to redevelop the 38,222-square-foot building at 228 S. 1st St., but the work never advanced beyond gutting the structure. Now Winograd, through LCM Funds 35 Offices LLC, is seeking to start construction work. His firm filed for a commercial alteration permit this week. A leasing brochure from Founders 3 shows open floor plans for office users with exposed-wood ceilings and new windows, including in spaces currently covered. A partially below-grade lower level is also available at a reduced rate. A Wisconsin Historical Society report says the building, long used as a warehouse, was built in 1912. It was known as “Harley-Davidson Motor Co. Factory No. 7” and designed by the firm of Kirchhoff & Rose. “The invention of the automated system for milling and threading cast motorcycle engine parts and wheel hubs employed at Factory No. 7 enabled the Harley-Davidson Motor Company to substantially increase the firm’s production capacity to meet the growing national demand for the company’s motorcycles,” said the historical society in announcing the building’s historic designation. But the motorcycle company was the second of Milwaukee’s industrial giants to use the site. Newspaper records indicate a prior building (photo) was built in 1892 as a foundry and machine shop for Pawling and Harnischfeger (better known as P&H and now by its parent company, Komatsu Mining). In 1899 a building was added kitty-corner across the intersection of S. 1st St. (then Clinton) and W. Oregon St. (a tunnel may have connected them) further expanding the company’s campus. In 1901 an office building addition was added to the first building. The company also purchased a complex to the east. But disaster would strike in 1903. A large fire destroyed the 1899 building on the southwest corner. The fast-growing company used the insurance proceeds to relocate to West Milwaukee in 1905, a move it is now reversing as part of a $285 million plan to come back to Walker’s Point. Fire also destroyed the 1892 building in December 1909, then used as a home for the Milwaukee School of Trades, but spared the office addition. The 1894 Sanborn fire insurance map shows the site as a foundry and machine shop, but by 1910 it’s labeled “ruins of fire.” In 1912, Alonzo Pawling built the current structure on the site. The Milwaukee Sentinel reported in 1913 that Harley-Davidson would lease the new building from Pawling while it built its current factory on the city’s West Side. The 1912 building was placed on the National Register of Historic Places in December 2020, enabling historic preservation tax credits to be obtained to support 20% of applicable redevelopment costs. It had been added to the Wisconsin historic register in August 2020, making it eligible for the matching 20% state credit. Is it not locally protected. Prior to LCM’s acquisition in 2016, the property was already being used, at least partially, as office space. Continuum Architects + Planners was one of many tenants that repurposed the former warehouse space into low-cost office space. A woodworking shop and other light industrial uses could be found in the building. The latest renovation is intended to push the building upmarket, making it competitive with higher-end buildings in the Historic Third Ward neighborhood located a couple of blocks north. A rooftop deck will be added with both indoor and outdoor space. Engberg Anderson Architects is the architecture firm working on the project. Catalyst Construction will lead the general contracting. “The building is basically going to be new from top to bottom,” said Scott Revolinski, a principal with both LCM Funds and Founders 3, in an interview with Alex Zank. Zank reported that Revolinski attributed the project’s planned March construction start to the awarding of tax credits. LCM paid $1.1 million for property and an adjoining building, 224 S. 1st St., the one-time P&H office addition. In a separate transaction, it acquired a surface parking to the east at 120-138 E. Oregon St. The 224 building was redeveloped into a home for Duet Resource Group after an affiliate of the furniture and interior design firm acquired it for $450,000 in 2018 from LCM. Work on the project, completed in May, was led by architect Russell LaFrambois and general contractor Project 4 Services. City records indicate the two-story building contains 7,400 square feet of space. The Duet and LCM projects join a number that are underway or recently completed near the intersection of S. 1st St. and W. Pittsburgh Ave. Robert Joseph is planning an apartment building for a vacant lot at the southeast corner. Broken Bat Brewing moved into a one-story building immediately to the east. Lacey Sadoff is redeveloping two buildings into housing and commercial space at 145 and 149-153 S. 1st St. If you go a few blocks further in virtually any direction you run into a number of LCM’s other Walker’s Point properties, including another tied into P&H’s history. It owns the Historic Fifth Ward Lofts, 103 W. Oregon St. The apartments were developed in the Lindsay Brothers building that replaced the 1899 P&H building at the southwest corner of S. 1st St. and W. Oregon St. It also owns the mixed-use South Water Works complex to the east, the Prime Leather Finishes Co. Building (Mabbett & Breeds Block) to the west, the surface parking lot at 300-306 S. 1st St. to the south and The Granary Lofts multiple blocks southwest.
The redevelopment of an old offi ce building northwest of East Oregon and South First streets in Milwaukee’s Walker’s Point neighborhood is moving forward after the project secured historic tax credits. Milwaukee-based LCM Funds LLC has already gutted the four-story, approximately 40,000-square-foot building at 228 S. First St. Construction work is to start sometime in March, said Scott Revolinski, principal of LCM funds and of Milwaukee-based Founders 3, which is marketing the property to prospective tenants. The 129-year-old building is undergoing major renovations. A rooftop deck is also being added. The addition includes a 1,550-square-foot wood deck with outdoor and 1,100- square-foot terrace amenity area. The rooftop amenity space could be a conference room, workout room, rooftop kitchen or an executive of ce and attached conference room, Revolinski said. Its final use will be dictated by the fi rst large offi ce tenant to sign a lease. “The building is basically going to be new from top to bottom,” Revolinski said. The approximately $4 million project is taking the next step because it secured historic tax credits after the building was added to the National Register of Historic Places in December. “If it weren’t for the historic tax credits, it wouldn’t be moving forward,” Revolinski said. He said LCM Funds has spoken with a number of potential tenants, whose interests ranged between leasing the whole building to only one or two floors.
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