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MidwestWisconsinMultifamily

Kraus-Anderson wraps construction on Waterfair Apartments in Wauwatosa

October 22, 2026
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Photo courtesy of Kraus-Anderson.

Kraus-Anderson completed construction on Waterfair Apartments located in the Wauwatosa Research Park District at 10499 Innovation Drive in Wauwatosa, Wisconsin.

Designed by Continuum Architects + Planners, the 124,072-square-foot renovation and adaptive reuse converted an eight-story, 198-unit hotel and convention space—formerly the Sonesta Hotel—into 146 affordable, multi-family apartments.

The project is located near Wauwatosa Milwaukee Regional Medical Center (MRMC) and the Milwaukee Regional Innovation Center (MRIC).  The building fills a market niche by offering more below-market-rate housing close to the high density of jobs in the surrounding area. 

Waterfair’s first-floor common amenity floor features 12-18-foot office ceilings and 12-foot storefront glass, providing natural light into the community room, fitness center, media room and coffee lounge.  The building also includes conference and study rooms and a large patio and dedicated commercial office space.

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