NOW:53214:USA01012
http://widgets.journalinteractive.com/cache/JIResponseCacher.ashx?duration=5&url=http%3A%2F%2Fdata.wp.myweather.net%2FeWxII%2F%3Fdata%3D*USA01012
32°
H 34° L 32°
Cloudy | 9MPH

West Allis project expands

Oct. 11, 2011

The developer of a large, upscale apartment community in West Allis plans to begin construction next spring on an additional 100 to 120 units.

Helmut Toldt said the $12 million phase would likely be completed a year or so after construction starts.

The apartments would expand Toldt Development Inc.'s Six Points Neighborhood complex, and would be south of W. National Ave. and west of the West Allis Farmers Market, at S. 66th St.

The one- and two-bedroom units would rent for around $900 to $1,100 a month, Toldt said.

Six Points already has four buildings with 178 units that lease for similar rents.

Toldt said demand for higher-end rental units is strong throughout his Brookfield-based company's properties despite a national unemployment rate that remains above 9%.

He's been in preliminary discussions with prospective lenders and plans to step up that process once a developer's agreement with the City of West Allis is amended to allow a change in plans for Six Points.

That change involves dropping plans for street-level commercial space in one of the future buildings and increasing the number of apartments.

That requested change reflects the strong demand for apartments and the weaker demand for retail space.

If city officials approve the change, the second phase of Six Points eventually would have another 245 units, with an estimated value of $21.4 million, said Kristi Johnson, community development supervisor.

Toldt began building Six Points south of W. Greenfield Ave. and west of S. 65th St. in 2006 and finished the first phase in the fall of 2009.

He delayed starting on the second phase until there was strong enough demand for more apartments.

Six Points offers some of the same amenities found in new downtown Milwaukee apartment developments, such as loft-style units, stainless steel kitchen appliances, a clubhouse and an exercise room.

The development's central location, just a few minutes from I-94 and Highway 45, helps it attract both Marquette University graduate students and Medical College of Wisconsin students, as well as people working in downtown Milwaukee and elsewhere.

The long-range plan calls for developing a third phase of around 200 more units.

The entire community would cover 17 acres, bordered by S. 65th St., the Union Pacific Railroad tracks, W. Greenfield Ave. and W. Mitchell St.

Other new housing in that neighborhood includes Six Points East, a 42-unit condominium building at 6330 W. Greenfield Ave.

The building was largely finished when the demand for urban condos dropped, and its main lender, Equitable Bank, in 2009 foreclosed on the property.

An investment group formed by Michael Dilworth, president of Greenfield-based development firm Ener-Con Cos., later took control of Six Points East, completed the building's construction and last year began selling its units.

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.

Suburban News Roundup

E-mail Newsletter

Your link to the biggest stories in the suburbs delivered Thursday mornings.


Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter
Get the Newsletter!

Login or Register to manage all your newsletter preferences.

Community Watch

» Westbound I-94 near Miller Park to close for 31 hours beginning Friday night 12/18

» Central wrestlers take control of GMC race with 29-27 win over Falls 12/17

» Whitnall School Board closer to facilities referendum decision 12/16

» Blocked sewer leads to sewage spill into Honey Creek 12/12

» Greenfield St. Vincent de Paul store opening soon, accepting donations 12/11

» West Allis-West Milwaukee Chamber of Commerce fundraiser does OK 12/10

» West Allis man sentenced for voting twice in 2012 presidential election 12/10

» Proposed Meijer's aesthetics, driveway concern Greenfield commission 12/10

» Large car show moving to State Fair Park 12/10

» Whitnall survey shows support for new school, other projects 12/9

» West Allis takes stronger control of pawn shops 12/8

» Greenfield Christmas lights contest in full swing 12/8

» Heroin dealer convicted of 2 overdose deaths in 2012 12/5

» Resident input wanted for two Greenfield road projects 12/4

» Mequon lawyer indicted on 33 counts related to fraud, money laundering Updated:  12/3

» Barrett against freeway double deck; West Allis open to idea 12/3

» Crews clear crash that closed 2 NB lanes of Highway 45 at West Allis Updated:  11/29

» Greenfield School Board nixes funding to explore charter school idea 11/25

» Layton Avenue entrance to Greenfield High School among road proposals 11/25

» Whitnall School District makes AP honor roll 11/24

» Hearings next week on I-94 ramps deemed critical to West Allis 11/24

» West Allis residents to name qualities needed in new superintendent 11/24

» Greenfield council approves 2015 budget after no one speaks at hearing 11/19

» Draft report admits economic harm to West Allis of likely ramp closure 11/19

» Low registrations cause drug, alcohol program postponement at Whitnall 11/17

View All Posts Got a tip? Welcome rss
Deal Watch - Milwaukee

Milwaukee's Best Discounts & Deals

Advertisement

Local Business Directory

CONNECT    

Most Popular