The historic former SS. Peter & Paul School building on Milwaukee’s East Side will be sold and converted into new uses.

The three-story school building at 2480 N. Cramer St. is set to be acquired by Wauwatosa-based senior housing developer Matter Development.

An affiliate of Matter Development has filed applications with the city to separate the school building from the rest of the SS Peter & Paul campus, and to rezone the site to allow residential and other uses.

Aaron Matter, founder and managing director of Matter Development, said the rezoning application is “just an early filing to determine a list of acceptable uses” in the building. He also made clear the other buildings will remain with SS Peter & Paul.

“We want to restore and repurpose the historic structure, but we haven’t determined the end-use,” Matter said in an email. “We’re letting the market tell us what it wants to be, which could be a commercial use, residential housing, or a combination of the two — all of which would need to fit the context of the neighborhood.”

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