Apartment building at River 1 development in Milwaukee’s Harbor District has March construction start – Milwaukee Journal Sentinel

An apartment building, with a ground-floor restaurant, will be built at the River 1 mixed-use development.(Photo: Rinka)

An apartment building planned for the River 1 mixed-use development in Milwaukee's Harbor District is to have a March construction start.

The 95-unit, four-story building will be built atop River 1's parking structure, said Blair Williams, of Wired Properties LLC.

The apartment building will be completed by around June 2021, said Williams, whose firm is serving as an adviser to River 1 developer Michels Corp.

It will include a sit-down restaurant on the ground floor.

River 1 overlooks the Kinnickinnic River west of South First Street and north of West Becher Street, atthe site of the former Horny Goat Hideaway tavern.

The Milwaukee office of Brownsville-based utilities and infrastructure contractor Michels willanchor thedevelopment's first phase:an eight-story building, with around 130,000 square feet. That building will be completed insummer 2020.

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Meanwhile, plans for a hotel at River 1 will likely be announced within 60 days, Williams said.

Williams declined to provide details before the announcement. Conceptual plans call for a120-room hotel.

River 1 could eventually include one more 50,000-square-foot office building.

With those additional buildings, River 1 would total over $100 million.

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The Common Council and Mayor Tom Barrett in December approved a $7.1 million city financing package for River 1. Those funds will be paid through the development's new property tax revenue.

The financing packageincludes $3.4million topay for 70%of aRiverWalkand $2.5 million to make improvements to Becher Street. Additional costs include an environmental cleanup.

Tom Daykin can be emailed at tdaykin@jrn.comand followed on Instagram, Twitter and Facebook.

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Apartment building at River 1 development in Milwaukee's Harbor District has March construction start - Milwaukee Journal Sentinel