The latest project to request city assistance through tax incremental financing is a 204-apartment development that Irgens hopes to build on a vacant 3.7-acre parcel on the northeast corner of Mayfair Road and Wisconsin Avenue.
The Sonesta hotel on the southeast corner of Watertown Plank and Mayfair roads would be converted to apartments under a redevelopment plan now in the works.
The 2026 city budget, scheduled to be adopted Nov. 18 by the Common Council, includes $42,000 for consulting services related to redevelopment around the Department of Public Works facility.
City officials and the developers say the conversion project will not be feasible without financial support from the City of Wauwatosa, which is considering creating a new tax incremental financing district to include the project.
City officials said the developer had been passed over for a $2 million affordable housing grant, leaving "no financial path forward for that project."
The county has received federal funding for a new Lead Hazard Reduction Program, and county residents who suspect their houses might contain lead are encouraged to apply.
The Mandel Group, which is planning to build 157 market-rate apartments on the site of the city's Blanchard Street parking lots, will close those lots soon in preparation for construction to begin.
The property at 7746 Menomonee River Parkway, just north of the Harmonee Avenue bridge, has been vacant since the city purchased it in 2020, tore down an old office building there and began seeking proposals.
