Developers have broken ground on the Meridian, a $24 million mixed-use residential and commercial development. The first new apartment homes built in the village in decades, it is part of a tax increment financing district (TID) in the Village of Thiensville’s downtown.
Vandewalle & Associates assisted with developer negotiations, term sheet, development agreement, TID projections, MRO payment negotiations and schedule, site plan & architecture review, zoning district creation, and property rezoning. V&A also designed a plaza concept for a future phase.
Developer Heimat Capital is configuring the three-story building with a mix of 80 studio and one-bedroom apartments, with 5,000 square feet of retail and commercial uses anchoring the Meridian on the street level. The development will also have community and patio spaces.