Wisconsin Housing Preservation Corp. will join local and state officials, investors and residents to celebrate the grand opening of CityPlace Apartments, an affordable, 51-unit mixed-income project, on Tues., Oct. 9 at 2:30 p.m. at 506 W. Walnut St. in Milwaukee, in Halyard Park Neighborhood.
“This is a special day to celebrate community, partnerships, and mission. City Place is a well integrated development that serves Milwaukee residents with affordable units on a unique site offering city views and vibrancy,” said Mary Wright, president of Wisconsin Housing Preservation Corp.
CityPlace is a four-story building with 51 apartments of which 12 are townhomes with private entrances. The apartments are a mix of 36 three-bedrooms and 15 two-bedrooms with appliances, a community room, in-unit washer and dyer, a fitness center and high-speed fiber Internet connection.
The land for this $8.5 million project was purchased from The Redevelopment Authority of the City of Milwaukee and Haywood Group, and financed through Low-Income Housing Tax Credits provided by Wisconsin Housing and Economic Development Authority and equity through Boston Capital and Associated Bank.
CityPlace is the result of multiple partners who shared a vision to build quality housing in the City of Milwaukee. The controlling managing member and developer for CityPlace is Wisconsin Housing Preservation Corp. The Investor member is Boston Capital and Associated Bank. In addition, the nonprofit Thirty-six Blocks, Inc. is a special member.
The architects were Korb & Associates. Cardinal Capital Management was General Contractor. CityPlace is Green Built Home certified by complying with Wisconsin Green Built Home standards and successfully complied with WHEDA’s Emerging Business Enterprise and workforce development programs.