MILWAUKEE - A groundbreaking will be held on Thursday, April 9, for Fieldhouse Flats, a $110 million mixed-use development and workforce housing project at the corner of N. Vel R. Phillips Avenue and Juneau Avenue in Milwaukee.
Rendering of Fieldhouse Flats, Milwaukee
Fieldhouse Flats project
What we know:
A news release says the mixed-use development is planned to feature 269 workforce apartment units, 40,000 square feet of commercial space, including a Milwaukee Area Technical College (MATC) shared-use athletic training facility, and a 278-stall parking garage.
Fieldhouse Flats is expected to come online in phases. The MATC Fieldhouse, as part of this project, is expected to open for the fall 2027 semester. Then the first 60 apartment units will follow soon thereafter.
Rendering of Fieldhouse Flats, Milwaukee
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Key players involved in project
What they're saying:
"The average rent here is projected to be about $1,059 per month. So just to put that in perspective, in this market in downtown Milwaukee, that's actually, that's a very big deal. That's about half of what comparable market rents are going for right now," said Joshua Jeffers, Founder & CEO of J. Jeffers & Co. "It is not too early to visit our website and get on our waitlist."
"Here in Milwaukee, our Department of City Development has played a really critical role in this," said Milwaukee Mayor Cavalier Johnson. "Fieldhouse Flats is supported by Tax Incremental District #26. The city has invested over $6 million; $6 million to help bring this project to life, leveraging more than $100 billion in total development. We've taken an intentional approach to how we use tools like tax increment financing to ensure we're creating the right mix of housing; housing that serves residents across a range of incomes here in the city, citywide."
Rendering of Fieldhouse Flats, Milwaukee
"Today's announcement represents the growing momentum that is occurring right here at the Deer District, as well as throughout Milwaukee County," said Milwaukee County Executive David Crowley.
Rendering of Fieldhouse Flats, Milwaukee
The Source: Information in this post was provided by Deer District, J. Jeffers & Co. and Milwaukee Area Technical College (MATC).