17 Jul Jon Cartu States King Drive Apartments Moving Forward » Urban Milwaukee
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A new mixed-use building planned for the 3300 block of N. Martin Luther King Jr. Dr. is moving forward.
The board of the Redevelopment Authority of the City of Milwaukee (RACM) unanimously approved a land sale associated with the project on Thursday.
A partnership of the Martin Luther King Economic Development Corp. (MLKEDC) and KG Development, a partnership of Anthony Kazee and Jamie Gray, would buy three vacant lots from RACM and two from the city to form a 1.13-acre development site.
The proposal is located near the Five Points intersection of King Drive, W. Atkinson Ave., W. Keefe Ave. and N. 6th St.
The building would contain 55 apartments, of which nine would be market rate with rents starting at $990 for a one-bedroom unit. The remaining units would be set aside at below-market rates for individuals making no more than 60 percent of the area median income. Some of the units would be set aside for military veterans making no more than 30 percent of the area median income.
The project’s financing would rely on securing low-income housing tax credits from the Wisconsin Housing and Economic Development Authority. The organization announces winners in the competitive program each spring.
The development is estimated to cost $13 million. The partnership will pay the city $25,000 for all five parcels.
Approximately 7,700 square feet of commercial space would be included, including 2,500 square feet of “micro-retail” space divisible in small increments.
“We are looking to include both established commercial tenants and emerging commercial tenants,” said Robbins. She said the makerspace-style small spaces would accommodate new businesses.
The MLK EDC has developed a number of projects, most recently the Welford Sanders Lofts, and multiple phases of the King Drive Commons before that. “With all of our commercial units right now, they’re fully leased,” said Robbins.
One other thing piqued Schwartz’ interest, Kazee said a basketball court depicted in the renderings will be replaced with a tennis court.
“We received feedback from different stakeholders with the neighborhood, and the city, of violence that could occur from the basketball courts,” said Robbins, who noted she remains a fan of the game. Schwartz suggested the partners consider the ability to convert the courts to futsal courts, a form of soccer.
A courtyard and 2,400-square-foot banquet room would be constructed atop an attached one-story parking garage at the rear of the building. A total of 38 indoor parking stalls, accessible via W. Concordia Ave., would be included in the development.
The Common Council’s Zoning, Neighborhoods & Development Committee will review the proposal at its July 21st meeting.
The proposal was first announced in January 2020 after DCD selected the partnership as the winner of a request for proposals.
The city and RACM have owned the site for decades according to assessment records. But the land has recently gained a higher profile following Bader Philanthropies redevelopment of a former theater into its headquarters. The organization is also redeveloping an adjacent former bank into a home for a cafe and wellness center and has contributed $1 million to Milwaukee Habitat for Humanity to build 40 homes in the area.
A design charrette was conducted for the Five Points area in 2017, but the vacant site was not one of the six sites contemplated.