Developer plans to redevelop former Greyhound Bus Terminal on ground floor.

Milwaukee developer Joshua Jeffers has purchased the 20-story 633 Building in downtown Milwaukee from Zilber Property Group for $16.2 million.

Located at 633 W. Wisconsin Avenue., the building was built in 1964 and has an assessed value of about $12.4 million, according to city records.

Jeffers, president of J. Jeffers & Co., is planning to redevelop the building’s former Greyhound Bus Terminal, a 48,000-square-foot commercial space located on the southern side of the first floor.

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