Milwaukee Business Journal | February 22, 2023
More apartments and townhomes are moving forward at the Lakeshore Commons development along Lake Michigan after Oak Creek officials this week approved $8.2 million in additional city financial support.
Covering about 66 acres of formerly contaminated industrial land south of Lake Vista Park, the project by F Street Development is to eventually create more than $170 million in new apartments and for-sale houses. It is part of a broader revival of the Oak Creek lakefront that includes Lake Vista Park, and a future plan by the city to stabilize the Lake Michigan bluff of a neighboring former industrial property, creating a park in the process.
Thus far on Lakeshore Commons, contractors have installed much of the infrastructure, the first single-family houses had been sold. Two buildings with 199 apartments and 28 townhouses are under construction, said Scott Lurie, founder of Milwaukee-based F Street Development. The townhomes and the first of the two luxury apartment buildings are slated for completion in August.
“You have a full infrastructure package that is on site now,” Lurie said.
The next phase of development includes two additional apartment buildings with a combined 132 units.