A developer is proposing to demolish two popular, adjacent, South Side bar-restaurants for a $40 million-plus, 18-story housing project with first-floor commercial and office space near the Alliant Energy Center.
McGrath Property Group hopes to raze the Coliseum Bar & Banquet, 232 E. Olin Ave., and The Wonder Bar steakhouse, 222 E. Olin Ave., for the 18-story structure, which would offer 291 apartments and 12,500 square feet of commercial space and parking.
The building would likely be the city’s third-tallest behind the state Capitol and UW-Madison’s Van Hise Hall, and certainly the tallest building with a residential component, city officials said.