Downtown Investment Map

Catalytic Projects Reshaping Downtown Milwaukee
2015 Downtown Milwaukee Area Investment Map
_____________________________________________
833
East Michigan
_________________________________
Northwestern
Mutual Tower
_________________________________
MKE
Lofts
_________________________________
Construction of this 18-story, $102 million project
has advanced swiftly since its groundbreaking in
June 2014. 833 East combines LEED-certified design
with state-of-the-art technology and premium tenant
amenities throughout its 358,000 sq. ft. of Class A
space. While occupancy is not scheduled until March
2016, 833 East is more than 65 percent leased with
commitments from anchor tenant Godfrey & Kahn, as
well as Irgens, Colliers International, Jason Inc., First
American, Cresa Milwaukee, Catalyst Construction
and Rare Steakhouse which will occupy the building’s
first floor.
This iconic 32-story tower will join a three-story
complex spanning two blocks for a total of 1.1
million sq. ft., as well as three acres of public green
space. The flagship property will preserve 1,100
downtown jobs while creating 1,900 new ones.
Construction is underway on the $450 million
world headquarters and is expected to be complete
in 2017. Northwestern Mutual announced in
September 2015 that it is exceeding its construction
hiring commitment on the project. In October 2015,
Northwestern Mutual announced a companion mixeduse tower featuring apartments, retail and parking.
This historic rehabilitation of the century-old Posner
Building on West Wisconsin Avenue is being led by
HKS Holdings. Currently home to Mo’s Irish Pub, the
building’s upper floors will boast 105 market-rate
apartments as of September 2015. As part of this
redevelopment, the developer is also seeking tenants
for 8,000 sq. ft. of new ground-floor commercial
space along Wisconsin Avenue – a critical component
to the continued renaissance of the Westown
neighborhood.
DEVELOPMENT COMPLETED
$2,890,700,000+
PUBLIC AND PRIVATE INVESTMENT DOWNTOWN l 2005 – 2015
_____________________________________________
UNDER CONSTRUCTION
$1,067,600,000+
_____________________________________________
PROPOSED
$1,308,100,000+
Multipurpose
Arena
_________________________________
The
Milwaukee Streetcar
_________________________________
The City, County and State, along with the new
Milwaukee Bucks’ owners, are working diligently to
keep the city’s professional basketball in Downtown
Milwaukee. This game-changing project is expected
to be a main catalyst in spurring up to $500 million
of additional development in the vacant Park East
corridor, as well as the site of the current arena. The
multi-phase development is anticipated to contain
residential, commercial, hospitality and public uses
that will reshape the local economy and enhance the
image of downtown on a national and international
scale.
After receiving final city approval in February 2015,
The Milwaukee Streetcar is moving forward. A
streetcar vehicle vendor will be selected fall 2015
and public utility relocations will begin. In addition,
RFPs for the system’s main line, operations and
maintenance facility will be distributed. Mainline
construction is expected to start in 2016 with
service slated to begin the second half of 2018. The
2.5-mile starter route and lakefront extension has a
project budget of $123.9 million and will connect the
Milwaukee Intermodal Station, Historic Third Ward,
Lakefront, East Town and Lower East Side.
The North End & Fresh Thyme
Farmers Market
_________________________________
With beginning phases completed in 2009, this eightacre neighborhood by design along the east banks of the
Milwaukee River features market-rate apartments and
ground-floor retail space. The third phase of The North
End, currently under construction, will include 168
apartments, the area’s first 28,000 sq. ft. Fresh Thyme
Farmers Market and parking. Phase 3 is expected to
be complete during the fall of 2015. The first three
phases will combine with the recently approved fourth
phase to cap off a multi-year redevelopment featuring
approximately 650 total apartments.
This ongoing list represents active and publicly announced projects in Downtown Milwaukee.
This list is compiled and maintained by Milwaukee Downtown through a variety of independent sources.
Please contact Milwaukee Downtown, 414.220.4700 or [email protected], with
additions, deletions or corrections.
Milwaukee Downtown, BID #21 l 600 East Wells Street l Milwaukee, WI 53202
MilwaukeeDowntown.com
Published October 2015
_____________________________________________
BRADY
1
16
21
4TH
7
5TH
3
6TH
41
MICHIGAN
14
10
16
43
CLYBOURN
JEFFERSON
11
9
59
4 42
40
6
WATER
WELLS
STREETCAR PHASE 1 ROUTE
10 15 17
63
24
11
5
16
8
UNDER CONSTRUCTION
13.Milwaukee Art Museum/
War Memorial Building - $31.3 Million
14.Building 29 Mixed Use Complex $45 Million
$76.3+ MILLION
COMPLETED PROJECTS
1. Aloft - $24 Million
2. Brewhouse Inn & Suites - $19 Million
3. DoubleTree Hotel by Hilton $6 Million
4. Hampton Inn & Suites - $7 Million
5. Hilton Garden Inn - $18 Million
6. Hyatt Regency Milwaukee $19 Million
7. InterContinental Milwaukee - N/A
8. Milwaukee Marriott - $54 Million
9. Potawatomi Hotel & Casino $150 Million
10.Fairfield Inn & Suites - N/A
$297+ MILLION
UNDER CONSTRUCTION
11.SpringHill Suites - $17 Million
12.Kimpton Hotel - $51 Million
$68+ MILLION
COMPLETED PROJECTS
1. Juneau Avenue Bridge - $12.5 Million
2. Kilbourn Avenue Bridge $20.9 Million
3. Marquette Interchange - $810 Million
4. Park East Corridor - $45 Million
5. State Street Bridge - $14.7 Million
6. Wisconsin Avenue Bridge $12.5 Million
7. Wisconsin Avenue Streetscaping $11 Million
8. St. Paul Street Bridge - $8.7 Million
9.RiverWalk (Since 1988) - $85+ Million
10.Milwaukee Intermodal Station $15 Million
11.Clybourn Street Bridge - $4.3 Million
12.Marsupial Bridge - N/A
13.The Brewery Infrastructure &
Parking Garage - $57 Million
$1.1+ BILLION
UNDER CONSTRUCTION
14.Hoan Bridge/I-794 Reconstruction $172.2 Million
15.Milwaukee Intermodal Station $21 Million
$193.2+ MILLION
PROPOSED PROJECTS
15.Multi-Purpose Arena - $500 Million
16.Marquette University Athletic Research
Facility - N/A
$500+ MILLION
FRANKLIN
HUMBOLDT
ASTOR
MARSHALL
CASS
VAN BUREN
E
NU
AV
E
CT
HOT E L
E
RIV
LD
RIA
64
17
7
8
13
15
T LINE
CAR LAKEFRON
STREET
13
50
14
9
14
52
16
3
28
HISTORIC
THIRD
12
WARD
GO
BUFFALO
26
9
WELLS
15
20
COMPLETED PROJECTS
1. MSOE Housing (Student/Faculty) $25 Million
2. Cardinal Stritch University - N/A
3. Discovery World - $63 Million
4. Lakeshore State Park - $20 Million
5. Milwaukee Public Market $7.5 Million
6. MSOE Grohmann Museum - N/A
7. MSOE Kern Center - $30.9 Million
8. MSOE Viets Field - $30 Million
9. Summerfest Improvements $35 Million
10.UWM Zilber School of Public
Health - N/A
11.City Hall Restoration - $75 Million
12.Two50Two MIAD Dorms - N/A
$286.4+ MILLION
PROPOSED PROJECTS
13.Westin Hotel - N/A
14.Homewood Suites - $17 Million
15.Choice Hotels International Inc. - N/A
$17+ MILLION
13
5
15
3
MASON
6
3
ST. PAUL
58
KILBOURN
7 11
2
2ND
6
3RD
9TH
WESTOWN
STATE
55
48
29 47
CHICA
12
24
23
12
ONEE
MENOM
ER
IE
25
4
14
22
CORCORAN
51
9
POLK
11
27
IN FRAS T RU CT U RE
5
6
2
MO
62
STATE
WISCONSIN
BROADWAY
HIGHLAND
15
EAST
TOWN
5
ME
1
LN
1
17
PR
7
1
11
CO
4
OGDEN
STREETCAR PHASE 1 ROUTE
PE
KNAPP
6
OS
7
12
LIN
20
21
37
8
RIVE
1
19
OR D
THE BREWERY
2
10
MCKINLEY
10
3
36
8 2 13
JUNEAU
18 54 14
23
LYON
PLEASANT
HARB
2
R
E
AT
W
7
JACKSON
4
VLIET
53
13
JEFFERSON
4
9
18
MILWAUKEE
CHERRY
49
44
SCHLITZ
PARK
5 22
2ND
3RD
4TH
5TH
6TH
JAMES LOVELL
$1,308,100,000+
38 KANE
31
LOWER
EAST
SIDE
61
PROPOSED
8
EDUCATION l CIVIC
$1,067,600,000+
10TH
COMMERCIAL
32
60
19
30
12 57
UNDER CONSTRUCTION
39
56
M
CO
_____________________________________________
N
RE SI DE N T I AL
ME
PUBLIC AND PRIVATE INVESTMENT DOWNTOWN l 2005 – 2015
PROPOSED PROJECTS
52.The Couture - $122 Million
53.The North End (Phase 4) - $60 Million
54.Malt House Buildings 24 & 25 $29 Million
55.Mitchell Leather Building - N/A
56.River Pointe Commons - $16 Million
57.River House Apartments (Phase 1) $40 Million
58.700 East Kilbourn Apartments2 $35.1 Million
59.The Germania Building - $14.1 Million
60.River House Apartments (Phase 2) - N/A
61.Former Habhegger Auto Site - N/A
62.Klein Development Apartments $15 Million
63.Pritzlaff - $36 Million
64.Northwestern Mutual Mixed-Use Tower $100 Million
$467.2+ MILLION
Assessed property value from Map Milwaukee
Estimated value based on ($130,000/unit) x number of units
E
RC
TO
UNDER CONSTRUCTION
44.The North End (Phase 3) - $53 Million
45.Walker’s Landing - $19.5 Million
46.Adventure Rock Apartments - $11 Million
47.Broadway Mixed Use Lofts - N/A
48.Martin Building Redevelopment - N/A
49.The Rhythm2 - $18.2 Million
50.Mackie Building Redevelopment $12.4 Million
51.Domus Apartments - $30 Million
$144.1+ MILLION
10
45
$2,890,700,000+
PROPOSED PROJECTS
18. Pabst Microbrewery - $3 Million
19. Lakefront Brewery Expansion - $7 - $12 Million
20.Hammes Office Development - $80 Million
21.Hardware Headquarters - N/A
22.Schlitz Park - $76 Million
23.Former Laacke & Joys Property - N/A
24.250 Plaza - N/A
$166+ MILLION
35
34
33
DEVELOPMENT COMPLETED
KIN
COMPLETED PROJECTS
1. Beerline B Apartments - $7.5 Million1
2. City Green Apartments & Condos $65 Million
3. Brewery Point Apartments - $8.4 Million
4. Park East Enterprise Lofts - $12 Million
5. The Blatz Condominiums - N/A
6. 601 Lofts - $30 Million
7. East Terrace2 - $1.8 Million
8. 1910 On Water - $11.5 Million
9. Avante Apartments2 - $4.7 Million
10.Blue Ribbon Lofts - $19 Million
11.The BreakWater - $70 Million
12.Convent Hill - $55 Million
13.Flatiron - $10 Million
14.Apartments at The Grand Wisconsin $23 Million
15.Kilbourn Tower - $55 Million
16. Majestic Loft Apartments - $16.8 Million
17.The Moderne - $55 Million
18. The North End (Phase 1 & 2) - $37 Million
19.Sage on Jackson2 - $2.6 Million
20.University Club Tower - $88 Million
21.The Wisconsin Tower - $14 Million
22.Corcoran Lofts - $12 Million
23.Jackson Square - $12.9 Million1
24.CitySide Plaza1 - $20 Million
25.Marine Terminal Lofts - $30 Million
26.River Renaissance - $32 Million
27.Hansen’s Landing/The Harbor Front $17 Million
28.Commission House - $6 Million
29.Chicago Street Lofts2 - $3.9 Million
30.Gallun Tannery Row1 - $8.4 Million
31.Kane Place Lofts1 - $3.3 Million
32.The Edge - $14 Million
33.Park Terrace Row Houses/
Bluff Homes - $36 Million
34.Union Point Lofts - $10 Million
35.RiverCrest Townhomes - $18 Million
36.Frederick Lofts - $20 Million
37.Avenir, Phase 1 - $20.7 Million
38.Kane Commons - $5 Million
39.Riverbridge - $26.5 Million
40.Plankinton Building - $6 Million
41.700 Lofts - $6.7 Million
42.MKE Lofts - $23.5 Million
43.The Buckler - $30.6 Million
$948.8+ MILLION
46
AN
2
UNDER CONSTRUCTION
13.Northwestern Mutual Headquarters $450 Million
14.833 East Michigan - $101.5 Million
15.411 East Wisconsin Center - $17.5 Million
16.Mayer Building Redevelopment - N/A
17.Wells Building - $17 Million
$586+ MILLION
PL
1
COMPLETED PROJECTS
1. Bartolotta Headquarters - $1.1 Million
2. Boiler House - $6.8 Million
3. Cathedral Place - $57 Million
4. ManpowerGroup World
Headquarters - $78 Million
5. Schlitz Park - $62 Million
6. Iron Block Building/Dental
Associates - $9 Million
7. Associated Bank/Haymarket Square - N/A
8. Pabst Business Center - $12 Million
9. U.S. Bank Parking Garage - $19 Million
10.Willow Tree Development1 - $1.9 Million
11.Summerfest Office - $5.1 Million
12.Dohmen Headquarters - $10 Million
$261.9+ MILLION
PROPOSED PROJECTS
16.Lakefront Gateway Project - $34 Million
17.Milwaukee Streetcar (Phase 1) $123.9 Million
$157.9+ MILLION