An older seven-story office building in Shorewood could be converted into that community’s first hotel.
Also, affordable apartments targeted for adults with developmental disabilities could be coming to the village.
That’s according to comments made at a Friday board meeting of the Shorewood Community Development Authority by Village Manager Rebecca Ewald.
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She spoke about potential projects during a discussion about the village adopting a new, more transparent process for reviewing applications from developers for public financing help.
The potential hotel would involve renovating the office building — among the tallest structures in Shorewood.
The building, at 3970 N. Oakland Ave., for several years included a North Shore Bank branch until a new location opened in 2018 at 4060 N. Oakland Ave.
The seven-story, 40,800-square-foot building was constructed in 1974. The property includes a 139-space parking lot, according to LoopNet.com.
The hotel development could include expanding the building onto that parking lot, Ewald said.
Ewald, reached after the meeting, declined to provide any additional information about the possible hotel project.
Apartment development proposed
Also, an apartment development that would provide a mix of affordable and market-rate units is being considered for a site that includes SunSeekers, a tanning salon at 2420 E. Capitol Drive.
That building would be demolished, with its lot used for the new apartment development.
It would include affordable apartments set aside for adults with developmental disabilities who are able to live independently, Ewald said.
The building’s market-rate units could include apartments for the parents of people living in the affordable units, she said.
Watertown-based Bethesda Lutheran Communities, which provides services for people with intellectual and developmental disabilities, would be involved in the project, Ewald said.
Bethesda would co-develop the building, tentatively planned for 52 apartments, with Catalyst Construction, said Tom Campbell, Bethesda vice president of real estate.
Up to 25% of those apartments would be set aside for people with disabilities, he said.
“It’s an inclusive housing model,” Campbell said. “They need quality housing, and they need it at a low cost.”
That can be achieved in part by obtaining foundation grants and public financing, he said.
That could include cash provided through a tax incremental financing district. A TIF district uses money generated by a new development’s property tax revenue.
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This article originally appeared on Milwaukee Journal Sentinel: One of Shorewood’s tallest buildings could be converted into the village’s first hotel