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A 126-unit apartment development is being proposed at a former Wauwatosa industrial site that’s near other newer apartment communities.

Wangard Partners Inc. wants to develop seven two-story buildings, each with 18 units, on 9.4 acres at 1215 N. 62nd St., formerly the site of a Western Industries facility. The lot is north of Grede Foundry and west of The Enclave apartments, and The Reserve apartments.

Wangard’s market-rate apartments would range from studios to three-bedroom units, according to the proposal. It would cost $18.9 million to develop, and financing would include $2.53 million in city funds.

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