Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MILWAUKEE-Developer Sean Phelan has suspended a plan to build a 36-unit apartment project on city-owned property here after failing to reach a financing agreement on the venture.

Phelan, in partnership with locally-based WiRED Properties, responded to a city request for development proposals for the site last fall and proposed to build a mixed-use project with 36 apartments and retail on the first floor of a four-story building. City officials chose to negotiate solely with Phelan and WiRED Properties, which had options to buy a neighboring property for the development, according to the Milwaukee Business Journal.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.