Wednesday, February 29, 2012

The Standard at East Library Wins Approval from Milwaukee Plan Commission

Plan Commission OKs revised plan for east side library, apartments. (Milwaukee Journal-Sentinel, 2/28/2012)

Excerpt: A proposal to demolish Milwaukee's East Library branch and replace it with a new library [16,000 square feet] and upper level apartments won recommended approval, and compliments for its revised design, from the Plan Commission at its Monday meeting. 

HSI Properties LLC wants to build 99 apartments, most of them one-bedroom units, with 118 underground parking spaces for the residents. Forty enclosed street-level parking spaces would be set aside for library patrons. 

The $14.9 million development, named The Standard at East Library, would be financed mainly through a $10.9 million commercial loan guaranteed by the U.S. Department of Housing and Urban Development, along with equity cash from the developers.

Related posts:
Board selects HSI team for East Library redevelopment. 11/11/2011)
Mixed-use proposal for new East Library branch.  (8/18/2011)

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