Berkshire West Allis Commercial
Greenfield Ave & 65th St - West Allis, WI 53214Available Space for Lease A Mixed-Use Senior Project in the Historic Six Points/Farmers Market Area of West Allis
The City of West Allis took a proactive approach toward an old industrial neighborhood saddled with obsolete properties and is creating a vibrant mixed-use area known as Six Points/Farmers Market. The City sought a catalytic project that would kick-start the redevelopment effort. General Capital responded with a proposal to develop 80 units of senior apartments with retail on the ground floor. The City enthusiastically endorsed the concept and became a partner in the transaction. A $1.2 million municipal investment was made to defray acquisition, demolition and environmental remediation costs.
The developer executed a complex property assemblage and created a four-story design that addressed the commercial nature of Greenfield Avenue while maintaining a strong residential feel along 65th Street. With the City as a partner, General Capital was awarded federal affordable housing tax credits from WHEDA that enabled this high quality project to be built while maintaining rents affordable to neighborhood seniors.