Walker’s Point buildings sold for apartments

Work to begin on 115 units this summer

Three industrial buildings in Milwaukee’s Walker’s Point neighborhood have been sold to a development firm that plans to begin converting them into apartments this summer.

The buildings, at 300 S. Barclay St. and 139 E. Oregon St., were sold for $500,000 to PPG GP LLC, an affiliate of Minneapolis-based Sherman Associates Inc., according to new state real estate records. The buildings were sold by MD Fifth Ward Properties Inc., a Milwaukee group.

Those buildings, which are south of E. Oregon St. on both sides of S. Barclay St., are part of the former Pittsburgh Plate Glass complex. A fivestory building is east of S. Barclay St., with two connected three-story buildings on the street’s other side.

Sherman in June disclosed plans to redevelop the buildings as a 115-unit apartment community, known as The Barclay.

Sherman plans to begin renovations immediately after completing the project’s construction financing, which is expected to occur this summer, said Ross Stiteley, a senior developer at the firm.

Construction will take 12 to 14 months, he said.

The Barclay’s studio and one-bedroom units will have monthly rents ranging from around $950 to $1,300.

The brick buildings were constructed in 1924, according to city assessment records. They were last used by WPC Technologies Inc., which moved its operations to Oak Creek in 2015.

The Barclay will be near other apartment developments that have been created within former Walker’s Point industrial buildings. They include the 76-unit Oregon at South Water Works, which opened in 2015 at 221 E. Oregon St.