December 3, 2023

Plan Fee opposes self-storage redevelopment of vacant former Walmart retailer at Midtown

The long-vacant former Walmart constructing at 5825 W. Hope Ave. in Midtown Heart. Picture from LoopNet

The Milwaukee Plan Fee on Monday voted towards a plan to transform the long-vacant former Walmart retailer at Midtown Heart right into a self-storage facility with retail storefronts, in keeping with assembly minutes.

Iowa-based Inexpensive Household Storage owns the 150,000-square-foot constructing at 5825 W. Hope Ave. and needs to transform a bulk of the house into 850 self-storage items. The agency would convert the remaining house into 4 small- and mid-sized retail and industrial storefronts.

Inexpensive Household Storage additionally would change a part of the previous Walmart car parking zone with inexperienced house − which might finally be a website for reasonably priced residences or different retail, in keeping with metropolis paperwork.

However self-storage facilities aren’t an allowed use at Midtown Heart, as a consequence of a improvement zone that overlays the Midtown space, and Inexpensive Household Storage’s plans don’t meet town’s standards for offering an exception to that zone, a report from metropolis workers says.

That zone requires, amongst different issues, refilling vacant areas with exercise turbines that may assist different present retailers.

The self-storage facility is barely anticipated to generate 5 to 10 automobile journeys per day, metropolis paperwork say.

“That is far lower than what a median retailer experiences day by day by way of buyer visits,” the workers report says. “The drive-in mannequin proposed for this facility doesn’t require a self-storage buyer to depart their automobile to patronize the institution. It’s an auto-centric and internalized mannequin.”

Additional, the agency’s proposal isn’t offering sufficient data with its redevelopment plans, comparable to constructing supplies, potential retail tenants or plans to redevelop the long run greenspace, in keeping with the report.

“There isn’t any additional data offered on when the retail areas proposed within the north 1/3 of the constructing can be occupied and by whom,” the report says. “No advertising plan has been offered, and there’s no indication that there was an evaluation completed to establish viable makes use of for these areas given the present use restrictions set forth by the mall.”

Inexpensive Household Storage bought the previous Walmart retailer and surrounding land final yr for $3.28 million. Walmart closed the shop in 2016.

In accordance with its web site, Inexpensive Household Storage has 18 climate-controlled storage amenities in Iowa, Nebraska, Kansas, Wisconsin, Indiana, and Illinois. At the moment its solely Wisconsin website is positioned at 5851 South Packard Ave. in Cudahy.

Inexpensive Household Storage didn’t instantly reply to request for remark.