A proposal to convert a historic former home into a boutique hotel on downtown Milwaukee's east side is being revived under new owners.

The three-story building, 817-819 N. Marshall St., would be remodeled into a 15-room hotel under a new proposal filed with the city Historic Preservation Commission.

The hotel would be known as the Historic Koeffler Inn.

That name is an homage to the building's original use as a home for prominent attorney Charles A. Koeffler.

The building is owned by C.J. Taxman Interests Inc., the building's owner.

C.J. Taxman plans to sell the building to a group that includes Juli Kaufmann, who operates Fix Development LLC; Patrick Jones, of Ramsey Jones Architects; and Andy Braatz, of Braatz Building Inc., Jones said.

The Historic Koeffler Inn would include a cocktail lounge, as well as seven to nine surface parking spaces, according to the plans.

Renovations are to begin by September, with the hotel to open by June, Jones said.

That would have it ready for the Democratic National Convention, which will be in Milwaukee in July 2020.

Jones said the group is completing its financing package. The project will cost around $2 million, he said.

The new proposal surfaces after a similar plan was dropped last year.

Dale Stenbroten and Katy Rowe wanted to convert the 121-year-old building, which is largely vacant, into the 18-room Art House Hotel.

The Art House Hotel project's financing was to include a U.S. Small Business Administration loan though Tri City National Bank.

But, the building is "a huge money pit and so far gone that it’s extremely difficult to make the numbers work without a ton of sweat equity and investors that have deep pockets," Stenbroten told the Journal Sentinel in 2018.

"The location is worth it," he said then. "We just were not able to find investors that had enough money to take the chance on it."

Historically known as the Koeffler House, the building was developed as a private residence. It was later used as offices for decades.

The changes proposed for the building need approval from the Historic Preservation Commission and Board of Zoning Appeals. Both reviews are expected to occur in July, Jones said.

Tom Daykin can be emailed at tdaykin@jrn.com and followed on Instagram, Twitter and Facebook.