Connaughton’s proposed Shorewood apartments win preliminary OK
A four-story, 42-unit Shorewood apartment building proposed by the Milwaukee Bucks’ Pat Connaughton has received a preliminary village approval.
Connaughton’s Three Leaf Development LLC would develop the building at 2418, 2420 and 2428 E. Capitol Drive. It would include affordable apartments.
Those parcels are now a parking lot, a building used by SunSeekers tanning salon and a single-family home — with those structures to be demolished.
The apartment building would have a mix of studio, one-bedroom and twobedroom units.
A village report said 20% of the building’s apartments would be provided at below-market rents to people earning no higher than 50% of Milwaukee County’s median income.
The Plan Commission at its Tuesday night meeting approved a parking exception for the development, said Bart Griepentrog, Shorewood’s planning and development director.
The zoning code normally would require the building to include 74 parking spaces. New York-based Three Leaf and partner Milwaukee-based Catalyst Partners LLC want to provide 51 spaces — one per bedroom.
The building’s ground floor would have 43 enclosed parking stalls. Another eight spaces would be provided on the street through village parking permits.
Shorewood in recent years has provided exceptions to minimum parking requirements for Mosaic apartments, 4175 N. Oakland Ave., and The Oaks of Shorewood, a senior housing community at 3900 N. Estabrook Parkway.
There’s no information yet on when construction would begin on the project, Griepentrog said.
Three Leaf and Catalyst are expected to seek a tax incremental financing district to help pay for the project, according to the village report.
A TIF district provides cash to help finance a private development from the project’s property tax revenue. It would require Village Board approval.
Three Leaf’s first Milwaukee project, a four-story, three-unit apartment building at 1245-1247 N. Milwaukee St., is close to completion and is seeking an occupancy permit, according to city Department of Neighborhood Services records.
The firm also has plans for a two-story building, with just over 1,900 square feet of street-level retail space and an upper-level apartment, at 1697 N. Marshall St., and a four-story building with nine units at 1737 N. Palmer St.
Connaughton, a shooting guard who joined the Bucks in 2018, is Three Leaf president. His father, Len, is a developer and Three Leaf vice president.