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West Allis CDA approves letter of intent with F Street for 1405 S. 90th St.; discusses $1 million demolition aid
Summary
The West Allis Community Development Authority voted to approve a letter of intent (LOI) with Milwaukee-based developer F Street and to accept an assignment of F Street’s purchase offer for the property at 1405 South 90 Second Street (parcel 4500502000), a site the developer described as the former St. Helens building.
The West Allis Community Development Authority voted to approve a letter of intent (LOI) with Milwaukee-based developer F Street and to accept an assignment of F Street’s purchase offer for the property at 1405 South 90 Second Street (parcel 4500502000), a site the developer described as the former St. Helens building.
The LOI covers a developer purchase price the presenter identified as $860,000. During the discussion, the developer said the project would begin with demolition and a phased redevelopment that could include garden-style, two-story units on the south side and a four‑story mid‑rise along Greenfield Avenue. “We’re really looking at it as a demolition, redevelopment, starting on likely a 1 or 2 phase development,” said Nick Young, director of development for F Street.
Why it matters: the property is described in the meeting as blighted and subject to an ongoing foreclosure process. CDA members said approving the LOI and the assignment would let the authority protect the city’s interest while the developer pursues construction…
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