Fiduciary proposes 175 apartments in Brown Deer
A market-rate apartment development with 175 units is being proposed in Brown Deer — an unusually large rental housing project for that community.
Fiduciary Real Estate Development Inc. wants to develop the apartment buildings at 8710-8734 N. Deerwood Drive, according to plans filed with the village. The firm also is seeking village financing help for the project.
Fiduciary is calling it the Original Village Residences. The development site is in Brown Deer’s early settlement, south of West Brown Deer Road and west of North Green Bay Road.
The development would feature a trio of three-story apartment buildings, with 61, 57 and 41 units. There also would be four two-story town homes, each with four units.
The apartments would range from studios to three-bedroom units.
The project’s amenities would include a fitness center, club room and outdoor dog run, according to the plans. It would have both underground and surface parking.
The project would replace the former Shoreland Community Church/
Deerwood School. It also would use land from two homes to the north, along with land behind Schulz’s Deli and Studio Salon.
The owner of the two homes would preserve them by moving the northern home closer to the street frontage of Deerwood Drive, while moving the other across the street, according to a village report.
The conceptual proposal is undergoing an initial review by the Plan Commission.
Detailed plans would require commission and Village Board approval, said Nate Piotrowski, Brown Deer community development director.
Fiduciary also is seeking village financing help for the development, Piotrowski said.
That would come through a proposed tax incremental financing district, with the development’s property taxes providing those funds, Piotrowski said.
The proposed amount is still being negotiated, he said Monday.
That financing proposal is to undergo conceptual review by the Brown Deer Community Development Authority at its May 21 meeting, Piotrowski said. It also would need Village Board approval.
The Original Village Residences would be the largest apartment development constructed in Brown Deer in several years.
The last market-rate apartment development in Brown Deer, other than senior housing, was built in 1991, according to the village report.
That development, NorthPointe Apartments, 9418 N. Green Bay Road, has 176 units. The nearby 232-unit Deer Run Apartments, 4401 W. Deer Run Drive, was built in 1990.
The village’s recent housing projects include Lighthouse of Brown Deer, with apartments for 133 older residents, including those who needs assisted living services, at 8817-8819 N. 60th St. It opened in 2016.
Fiduciary’s newer developments include higher-end apartments at three Milwaukee-area mixed-use developments: Whitestone Station, in Menomonee Falls; Mayfair Collection, in Wauwatosa, and 84 South, in Greenfield.
Brown Deer officials have been pushing for a similar mixed-use project at Marketplace of Brown Deer. That older shopping center is north of West Brown Deer Road and east of North Green Bay Road.