A closed campus.
A new neighborhood.
Built for what's next.
F Street plans to redevelop the 1500 N. University Drive campus into roughly 650 households, pairing single-family homes with market-rate multifamily, delivered in phases.
A mix of housing at a scale that fits the neighborhood.
The Waukesha County Board has authorized the sale of the former UW–Milwaukee at Waukesha campus to F Street. The plan calls for approximately 70 single-family homes and approximately 580 market-rate multifamily units, delivered in phases.
The multifamily component pairs two-story garden-style buildings with three- and four-story apartment buildings, giving the site a range of housing types compatible with the neighborhoods around it. The unit mix follows the City of Waukesha's own housing study.
- ~70Single-family homes, including approximately 20 built with Habitat for Humanity
- ~580Market-rate multifamily units in two-story garden-style and three- and four-story apartment buildings
- Site1500 N. University Drive, Waukesha, WI. Former UW–Milwaukee at Waukesha campus
Open and connected by design.
The master plan, designed by Milwaukee-based architecture firm RINKA, starts with the land. Green space, walking trails and open areas run through the entire site.
Trails, green space and natural buffers.
Existing topography and natural features buffer the adjacent neighborhoods, improve connectivity, and create a real transition between the new neighborhood and the existing one. Green space along N. University Drive and a sidewalk connection at Northview Road tie the site into the surrounding street grid.
Attainable homeownership, designed in.
A portion of the single-family homes will be built in partnership with Habitat for Humanity Waukesha-Jefferson-Rock. The Habitat homes front N. University Drive, with a walking path behind them connecting directly to nearby green spaces. Attainable homeownership designed into the plan, not set apart from it. The project marks the affiliate's next major development on the scale of Domenica Park, completed this summer.
Habitat for Humanity Waukesha-Jefferson-Rock"We built this plan around what the city's housing study and community leadership told us Waukesha needs. The demand is documented, and this site is the place to meet it: a connected neighborhood that delivers needed housing and stays compatible with what's already here."
Nick Jung
Principal, Acquisitions & Development, F Street
"This is a long-term investment in Waukesha, not a transaction. A closed campus doesn't improve on its own; it takes capital, a real plan and a partner willing to see every phase through. We intend to be that partner for the County and the City, and to leave this corner of the community measurably better than we found it."
Scott Lurie
Founder, F Street
"Twenty families will get to call this home, build stability alongside their neighbors, and be part of a true mix of housing options in a vibrant, connected community. This is exactly the work Habitat exists to do, just at a bigger scale, right here in Waukesha."
Melissa Songco
CEO, Habitat for Humanity Waukesha-Jefferson-Rock
From approvals to move-in.
The plan now moves to the City of Waukesha Plan Commission and, ultimately, the Common Council. All dates below are targets and depend on those approvals.
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September 2026County Board authorizes saleWaukesha County Board authorizes the sale of the 1500 N. University Drive site to F Street.
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NowCity reviewPlan Commission review, then Common Council consideration.
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Target: late 2026DemolitionRemoval of the former campus buildings, pending approvals.
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Target: 2027First residential phases beginConstruction starts on the first single-family and multifamily phases.
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Multi-phasePhased deliveryHomes and apartments delivered in phases as the neighborhood builds out.
Renderings and site plan are preliminary and subject to change through the City of Waukesha approval process. Unit counts are approximate. Full announcement: press release (PDF).
The site, from above.
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F Street is a Milwaukee-based real estate investment and development firm focused on developing, building and acquiring real estate that creates lasting value and makes communities stronger places to live, work and grow.
Join the F Street investor community for project updates, webinars, and early access to future offerings.
Join F StreetThis page is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security. F Street offerings are available only to accredited investors and are made only through formal offering documents.
Media inquiries: Nick Jung, F Street, nick@fstreet.com