FROM BIZJOURNALS.COM: A proposal for 83 townhouses to be built near the airport in Cudahy could finally launch the city’s plan to convert a former landfill into a new neighborhood with housing, retail and commercial buildings.
Kenosha-based Bear Development LLC has stepped up to buy 5.3 acres along South Pennsylvania Avenue from the city for $1 for the affordable housing project. It envisions a mix of two- and three-bedroom apartments built as two-story rowhouses. Bear this month applied for $1.3 million in state affordable housing tax credits to finance the project and this spring will learn whether it secured them.
The project is the latest proposed on the about 30-acre former landfill on Pennsylvania Avenue, south of Layton Avenue. The city acquired the site about three years ago and has been drawing up plans to clear its past environmental issues for new development. A long-range plan adopted by the city calls for a town-center style of development dubbed “Penn Place,” similar to 84South in Greenfield or Drexel Town Square in Oak Creek.
Cudahy Mayor John Hohenfeldt said the 83 apartments proposed by Bear brings the much-needed housing component into the mix.
