Work began just after the Fourth of July on cleaning up a contaminated site near the Schoonmaker Reef, north of the Grede Foundry on State Street, to make way for a 180-unit apartment complex called The Reef.
Because of the scope of the project, the Wauwatosa Plan Commission approved a request July 7 to divide the campus into two parcels. Stewart Wangard, with Tosa Reef, said the developer is working with two different banks, each financing one parcel, in order to cover the full $24 million cost.
Wangard said construction will begin in the next several weeks, even while cleanup work continues, with buildings opening up in stages as they become safe. If weather cooperates, Wangard said the first building is tracked to open in eight months, with the full project opening in 14 months.
“It’s been a long time coming,” Wangard said. “This is going to have a major impact, a really positive impact.”
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