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
54°
H 57° L 54°
Clear | 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

» Zelich's statements contradicted physical evidence, recordings show Updated:  7/22

» Oak Creek baseball team rallies big 7/19

» Steven Zelich pleads not guilty in suitcase bodies Updated:  7/17

» Gov. Scott Walker visits West Allis emphasizing job growth 7/17

» Crews clear crash that closed 2 lanes of westbound I-894 Updated:  7/15

» Ex-cop in suitcases bodies case stalked at least six women Updated:  7/9

» Falls baseball team advances on RBI single by Johnson in seventh 7/8

» Attorney: Steven Zelich likely wanted bodies to be found Updated:  7/4

» Zelich 'went ballistic' when questioned about handcuffs, report says 7/3

» $1 million bail set for ex-cop accused of hiding bodies in suitcases Updated:  6/27

» West Allis man arrested for connection to bodies found in suitcases 6/27

» Man finds bullet in package of egg rolls 6/25

» Milwaukee suburbs Fourth of July 2014 celebrations 6/20

» Social media photos of the June 18 storms around Southeast Wisconsin 6/18

» Woman cited for loud noise for using speaker phone after police warning 6/16

» Carjacked dog is found on Milwaukee's southwest side 6/13

» Crews clear crash that closed 2 left lanes of northbound I-43 in Greenfield Updated:  6/13

» 2nd suspect sought in string of armed robberies, carjacking Updated:  6/12

» Carjackers take off with woman's dog still in car 6/12

» Police identify woman killed in West Allis crash 6/6

» West Milwaukee man dies in Waukesha County crash 5/28

» Still no answer for speeding on Howard Avenue in Greenfield 5/28

» Greenfield police warn neighbors about fight over 'no trespassing' sign 5/27

» Joe Koch takes over Greenfield head football coaching position 5/27

» Man found guilty in West Allis teen sex exploitation case Updated:  5/21

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

Milwaukee's Best Discounts & Deals

Local Business Directory

CONNECT