Updated: Yet Another Development Proposed for Oakland Avenue

Editor's Note: We have received more details from the developer and have updated with current information.

Updated: 7:42 a.m.

A Milwaukee developer is proposing the construction of a mixed-use development that would inlcude 84 upscale apartment units and a new Walgreens store on the already booming North Oakland Avenue.

Under the plan, the at 4081 N. Oakland Ave would move south across East Kenmore Place to the parking lot, 4027 N. Oakland Ave., and the developer would add the apartments above the retailer.

Parking would still available between the development and Sendik's, and a three-level parking structure would go in the parking lot behind Sendik’s, the developer says.

The development would be the village's third mixed-use property.

The Mandel Group, a real estate firm, will present a proposal to the village's Community Development Authority at 7:30 a.m. Friday.

Developer WiRED Properties already has received financial backing and preliminary approval for the village’s second mixed-use development in the 4500 block of North Oakland Avenue, after the development opened in December at the corner of Oakland Ave. and East Kensington Blvd.

A preliminary review for the latest project has been completed by village staff, according to the developer.

If the proposal is approved by the CDA and Village Board, the firm says it would start construction this year.

Walgreens' current location with the lease expiring in April, according to CDA officials. Roundys hasn't announced any plans, but has asked the village about any requirements it would need to fulfill if the company wanted to move forward to redevelop.