Riverwest Apartments
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2025Year Built |
91Total Units |
Sophisticated urban apartments at the crossroads of Riverwest & the East Side.
A major study conducted by the US Department of Health and Human Services linked housing and access to healthy food as major social determinants of health. Research further shows that consuming a nutritious diet is especially challenging for those struggling with limited incomes and housing instability. General Capital set out to respond to this issue with a food education focus in the new Riverwest Workforce Apartments and Food Accelerator at the corner of North Avenue and Commerce Street in Milwaukee’s Riverwest neighborhood.
The 91-unit project is anchored by the Riverwest Food Accelerator, a community space with a commercial teaching kitchen and educational facilities designed to promote food education, nutritional counseling, and opportunities to engage with MATC’s culinary arts program. Residents from the building and the surrounding neighborhood will have the opportunity to participate in programs promoting healthy shopping, cooking, and lifestyle choices.
Riverwest Apartments is among the first in the State of Wisconsin to combine both 9% and 4% Housing Tax Credits in a single development.
KEY THEMES
- Riverwest Apartments blends workforce housing with community-focused commercial and service uses.
- The development promotes health and wellness through housing, nutrition, and lifestyle programming.
- The Food Accelerator supports local entrepreneurship and food-based innovation.
- The project plays a key role in neighborhood revitalization through strong community engagement.
- Sustainable design and efficient building practices were central to the development approach.
RESULTS
- The project delivered a mixed-use development with 91 affordable housing units with 83 units at below-market rates for qualifying individuals.
- Units span a wide affordability range from 30% AMI to market-rate housing.
- A complex capital stack was successfully executed using tax credits, TIF, grants, and institutional funding.
- The building was designed to meet high-performance sustainability standards targeting Green Built Home certification.
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