Oak Creek’s apartment boom continues with a new proposal for 300 units across Interstate 94 from the Ikea store with rents starting at $1,050 a month.
The latest proposal is by Wingspan Development Group LLC of Mount Prospect, Illinois. In its mid-March application to the city of Oak Creek, the company expects to build all 300 apartments in a single phase, completing them by early 2021.
The apartments would be built between I-94 and South 13th Street on a site near West Drexel Avenue. The apartments would stand near land where Brookfield developer Somerstone LLC plans to build a shopping center.
In a website for the project, Wingspan notes the site’s proximity to new job centers, including the new fulfillment center under construction for Amazon.com at South 13th and Ryan Road, downtown Milwaukee and Foxconn Technology Group’s Mount Pleasant campus.
The apartments would be built between Interstate 94 (center) and South 13th Street (at right). The Oak Creek Ikea store remains under construction at left in this archive photo from December 2017.
Oak Creek in recent years has contributed to the local boom in new apartment construction. Hundreds of units have been built at Drexel Town Square at Drexel and Howell avenues, with 240 more units recently approved there. Two projects with a combined 520 units have been proposed west of I-94 near Drexel Avenue.
Wingspan Development’s site plan covers 20 acres, with a neighboring 10-acre wetland area remaining untouched. It includes six buildings standing three stories tall with underground parking. Also planned are three smaller buildings standing two stories tall with apartments generally larger than those in the other buildings.
About half of the apartments would be studio or one-bedroom units. Almost 40% would have two bedrooms, with about 30 three-bedroom units rounding out the mix. Rents would range from $1,050 to $2,500 a month.
Amenities would include a shared clubhouse with an outdoor pool, fitness center, pet spa and bike shop.
Chris Coleman, VP of Development at Wingspan, periodically shares his thoughts and observations on property development news.