What's Next on the Development List in Shorewood?
Village officials targeting former Catholic Family Life Insurance office building for new development opportunities, among other sites.
With two developments either under or soon-to-be under construction, village officials are shifting their focus on other potential development sites in Shorewood.
The office building at 1572 E. Capitol Dr., which formerly housed Catholic Family Life Insurance, has been targeted as a site for new development opportunity.
Catholic Knights left the building vacant after moving to a new home in downtown Milwaukee.
Shorewood Community Development Authority Chairperson Pete Petrie said there is currently a Realtor trying to fill the vacancy, but he and other officials are looking long term and at possible development.
However, Petrie said officials don't have anything solid in mind for the building.
Shorewood is also looking at the River Park parking lot near the intersection of North Oakland Avenue and East Edgewood Avenue, just south of Harry's Bar and Grill, as an area for development. However, the site was given to the village through an agreement with the state Department of Natural Resources, and officials would need state approval before moving forward with a private development.
Village Manager Chris Swartz said the village also is looking for a place to develop some senior housing.
“We don’t have anything in Shorewood relatively affordable for seniors and something with a building manager on site,” Swartz said. “It’s been a goal of the CDA and Elders Services to find something and get a development for seniors.”
Other development sites being targeted by Shorewood includes the lot that was previously Riverbrook Restaurant and before that, Pig ‘n Whistle; the parking lot next to the tanning salon Sunseekers, 2420 E. Capitol Dr.; Wells Fargo drive-thru at 1530 E. Capitol Dr.; and Pick ‘n Save.
Officials have said before Roundy’s is interested in expanding on its current Shorewood Pick 'n Save location 4145 N. Oakland Ave., and Swartz said Friday they meet with the large grocery retailer frequently.
“For the last five to seven years, we’ve met with them on a regular basis,” Swartz said of Roundy’s officials. "Sometimes, we just call and say 'What's happening?' and they come over and we talk."
Milwaukee development WiRED Properties has already broken ground on its four-story, $6.6 million structure on Oakland Avenue. The Ravenna, being erected in the vacant lot at 4533 N. Oakland Ave. across from the recently erected Cornerstone, includes 22 apartments, underground parking and 7,500 feet of retail space for four new businesses.
Right down the street, Mandel Group, another local developer, is expected to break ground Feburary on a six-story $34.4 million structure, with 84 apartments, underground parking with a parking structure and retail space for Walgreens, in the Sendik's parking lot, 4027 N. Oakland Ave.