Just on the heels of the hotly contested beer garden in Village Park comes another potential keg of dynamite.
On August 6th at 7 p.m. in Thiensville Village Hall, the Historical Preservation Committee, Plan Commission and Village Board will hear the first round of proposals for a 60-unit luxury apartment complex at the corner of Green Bay Road and Riverview Drive in Thiensville. Currently, it’s the home of the former M&I Bank.
The site is owned by MSP Real Estate, a Minnesota-based developer, who has significant experience developing properties in the greater Milwaukee area. Their portfolio lists senior living communities in Elm Grove, Port Washington, West Allis, Middleton, Monona and more — as well as the controversial lower-income apartment complex in New Berlin.
In 2009, MSP wanted to build an assisted living facility at the former M&I Bank location, but were deterred when neighbors objected.
Now, the real estate development firm would like to develop a luxury apartment complex. Their goal is to target young families who want to take advantage of the outstanding Mequon-Thiensville K-12 schools but who aren’t quite ready to buy a home. The other obvious target demographic is the empy-nesters looking to downsize.
The meeting scheduled for August 6th is just the first round of proposals. There’s no doubt there will be much back-and-forth before (and if) the project gains approval.
More to come on this issue . . . I’m sure!
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