Wauwatosa Approves $2.85M in TIF Support for Apartment Complex

The 92-unit development near Mayfair Mall will transform vacant buildings into nearly $22 million in new assessed value.

Apr. 13, 2026 at 3:55am

Got story updates? Submit your updates here. ›

A photorealistic studio still life of a polished, geometric model of a modern apartment building made from brushed metal and glass, floating on a clean white background and dramatically lit from the side to highlight the sleek, premium materials.A conceptual rendering of the premium materials and architectural design of a new apartment complex development in Wauwatosa, Wisconsin.Wauwatosa Today

The City of Wauwatosa has approved $2.85 million in tax incremental financing to support the development of a 92-unit, 119,000 square-foot apartment complex near Mayfair Mall. The $22 million project will transform two vacant buildings on an underutilized site into new residential units with amenities like a fitness center and outdoor courtyard. Construction is expected to begin in June 2026 and be completed by July 2027.

Why it matters

The project will help revitalize an underutilized area along the Mayfair Avenue corridor, adding significant new assessed value to the community. It also advances the city's affordable housing goals through a $100,000 contribution to the affordable housing fund.

The details

The apartment complex will offer a mix of studio, one-, two- and three-bedroom units. Amenities will include a fitness center, outdoor courtyard, and surface and structured parking. The developer, a Milwaukee-based real estate and property management team, will demolish the existing Sterling Center and Bradley Building on the site to make way for the new construction.

  • Construction is expected to begin in June 2026.
  • The project is slated for completion by July 2027.

The players

Mark Hammond

Development director for the City of Wauwatosa.

Wauwatosa-based real estate investment and development firm

The current owner of the property where the apartment complex will be built.

Milwaukee-based real estate and property management team

The developer of the $22 million apartment complex project.

Got photos? Submit your photos here. ›

What they’re saying

“The project 'will transform two vacant buildings on an underutilized site along the Mayfair Avenue corridor into nearly $22 million in new assessed value for the community.'”

— Mark Hammond, Development director, City of Wauwatosa

What’s next

The developer will contribute $100,000 to the city's affordable housing fund upon completion of the project.

The takeaway

This TIF-supported apartment development represents a strategic investment in revitalizing an underutilized area of Wauwatosa, adding significant new housing and assessed value while also advancing the city's affordable housing goals.