The Kubala Washatko ArchitectsMILWAUKEE (CBS 58) — A vacant downtown Milwaukee office tower could be converted into 220 apartments under a $73.6 million redevelopment proposal supported by a new tax incremental financing district. The city is proposing Tax Incremental District No. "This proposal represents an important investment in the continued growth of Downtown Milwaukee," District 4 Ald. "This conversion will bring more residents Downtown, support local businesses, and further activate the neighborhood." Gordon said the company initially planned to reposition the building as office space, but the COVID-19 pandemic changed demand.