MILWAUKEE BUSINESS JOURNAL

Milwaukee real estate firm F Street is taking over the planned redevelopment of a former church site and adjacent properties in West Allis under a plan to transform the site into housing.

The former St. Aloysius church at 1405 S. 92nd St. has been vacant for nearly four years after the parish merged with two other congregations. The city has sought to remove the blighted former church building and replace it with a development such as housing that could help grow the city’s tax base.

F Street, which will be conveyed equitable title to the property by the CDA, is planning a multifamily apartment development that’s expected to increase the site’s assessed value to at least $28.88 million, according to the CDA documents.

The conceptual plan from F Street calls for a $40 million project with 54 townhomes and a 100-unit apartment building with underground parking, Schloss said.

“We think F Street is a reliable, proven developer,” Schloss said.

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Milwaukee Business Journal  |  February 14, 2022

With the forthcoming launch of a blockchain-powered capital raise, Milwaukee development firm F Street Group is betting on innovations it believes will shape the future of the economy.

“Whether people realize it or not, (blockchain is) here and transactions are occurring daily in the blockchain-crypto world,” F Street Group president Scott Lurie said. “We see it to be a very important piece of the future and we’re investing time and resources into it today.”

With its new F Street Blockchain initiative, F Street Group — the developer behind the site of Milwaukee Tool’s new downtown office, among other projects — aims to capture a new source of capital for its commercial real estate development and lending businesses from a pool of global investors that will each contribute smaller amounts than its traditional investors typically put up.

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