Apartment building boom in Milwaukee-area slows down

Apartment building boom in Milwaukee-area slows down

Apartment development activity has slowed throughout the Milwaukee area and its suburbs following a spike in building in recent years.

The Milwaukee Journal Sentinel reports that most developers say they still feel good about the market, with the number of younger millennials and older empty nesters who want to live in apartments continuing to climb.

Some developments are proceeding with substantially fewer units as some projects have been delayed.

David Winograd unveiled plans to develop a 12-story, 164-unit luxury apartment development south of downtown, but canceled his plans to build the $30 million development after construction costs increases and other new apartment projects surfaced.

The first two buildings of River House, north of downtown, are nearly complete, but plans to begin construction on another two buildings are on hold.