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Martin Luther King Economic Development Corp., a nonprofit development company, plans to build a three-story, 38,000-square-foot mixed-use building on a mostly vacant site at 2721-33 N. Dr. Martin Luther King Jr. Drive in Milwaukee.
The building, called King Commons III, will have 2,000 square feet of ground floor commercial or community space and 24 low income apartments. The ground floor space will be occupied by a fresh foods market operated by Will Allen, the executive director for Growing Power Inc.
The $5.5 million project will be financed in part by federal housing tax credits recently allocated to the project by the Wisconsin Housing and Economic Development Authority (WHEDA).
Martin Luther King Economic Development Corp. plans to purchase three vacant lots for the project from the city of Milwaukee.
The nonprofit corporation previously developed the first two phases of King Commons. King Commons I, completed in 2005, is a mixed-use building at 2774 N. Dr. Martin Luther King Jr. Drive, with 18 apartments and 6,500 square feet of ground floor commercial space. King Commons II included a mixed-use building with nine apartments at 2767 N. Dr. Martin Luther King Jr. Dr. and 15 scattered home sites along North Fourth Street, North Second Street and West Hadley Street.
The project will be reviewed Tuesday by the city's Zoning, Neighborhoods and Development Committee.
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