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Old January 18th, 2007, 11:52 PM   #281
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.............
yummy.
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Old January 19th, 2007, 12:12 AM   #282
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I just wish there were renderings of what it will actually look like in relation to the actual buildings surrounding it.
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Old January 19th, 2007, 04:16 AM   #283
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I love it(Water & Juneau)!!! I noticed earlier this week when I drove by, they had the lot fenced off all the way out into the street. Glad to hear this has begun!!
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Old January 19th, 2007, 04:36 AM   #284
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This should help extend the skyline northward a bit in the downtown area. Is this in emporis? I looked but could not find it there.
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Old January 19th, 2007, 06:26 AM   #285
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To bad it wasn't more vertical, but ey what the heck? Its urban and density.
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Old January 19th, 2007, 09:38 PM   #286
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City authority backs redevelopment plan
Downtown office project could secure $3 million
By TOM DAYKIN
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Posted: Jan. 18, 2007
A $21 million redevelopment project, including improvements to one of downtown Milwaukee's oldest office buildings, would receive around $3 million in city financial assistance under a proposal that won preliminary approval Thursday.

The city funds, approved by the Redevelopment Authority, would help finance renovations at a 295,000-square-foot office building at 735 N. Water St. and a neighboring riverwalk. Compass Properties LLC plans to make improvements to the building and convert an adjacent 80,000-square-foot building, at 731 N. Water St., into condominiums and a parking structure.

The 16-story building at 735 N. Water St. was completed in 1913 as the headquarters for First Wisconsin National Bank. That building is leased to various office tenants, including PrivateBank and Trust Co. The eight-story building at 731 N. Water St., built in 1962 as an annex to the First Wisconsin building, has been vacant for more than 15 years.

Compass wants to convert the entire ground floor and the eastern half of the upper floors at 731 N. Water into a parking structure, providing additional parking spaces for 735 N. Water tenants.

That would help draw more businesses - including some from outside Milwaukee - to 735 N. Water, which has lost tenants in recent years to newer office buildings, said Sheldon Oppermann, a regional manager for Compass.

The western half of 731 N. Water, which overlooks the Milwaukee River, would be converted into condominiums, with one unit on each of the seven upper floors. Selling those residential units would generate cash to help pay for the parking structure.

Under the new financing proposal, which requires Common Council approval, Compass would recover $2.9 million from the city to pay for replacing the decorative cornice at 735 N. Water, and improvements to the adjacent riverwalk, which is falling apart. City costs could be as high as $3.4 million, with the higher amount including a contingency fund.

The city funds would come from property tax revenue generated by improvements to the two buildings.

The authority's approval came after questions were raised about the financing plan by Mike Sargent, vice president of finance for Milwaukee Area Technical College, who was in the audience.

Sargent said he was concerned that the proposal might not meet the legal requirement that such financing be provided only if the development would not otherwise happen. The college is among the local governments that would forgo property tax revenue generated by the development until the cornice and riverwalk expenses are paid off.

In response, Allison Rozek of the Department of City Development said neither the cornice replacement nor riverwalk repairs would be done unless public financing was provided. In return, Compass is providing public access for the riverwalk, which was originally built with private funds, and a guarantee that the cornice would be maintained once the work is completed.
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Old January 19th, 2007, 09:39 PM   #287
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By Andrew Weiland , of SBT
Published January 19, 2007


For the Milwaukee-area commercial real estate industry, 2007 could be the year of the hotel. There are at least 11 hotel developments that are being planned in or near downtown Milwaukee. In the suburbs, at least 11 hotel projects are in various stages of development. Plus, several existing hotels in southeastern Wisconsin have already completed, or are planning, renovations to keep up with the new competition.

The recovery of the nation’s travel industry, more than five years after the Sept. 11, 2001, terrorist attacks, and lower hotel vacancy rates locally are encouraging hotel development in the area.

Downtown, developments such as Manpower Inc.’s new corporate headquarters also are attracting hotel developers.

“Hotels are hot currently,” said Michael Mervis, assistant to Zilber Ltd. chairman Joseph Zilber.

Zilber has begun work to redevelop the former Pabst brewery into a mixed-use neighborhood. “There are a lot of investment groups investing in hotels. There weren’t a lot of hotels built (in the country) for three to four years,” Mervis said.

Zilber’s brewery redevelopment could include a hotel.

“The hotel guys we’ve been talking to are telling us that a location on the freeway has a big advantage because of the signage,” Mervis said.

Nationally, more investors are putting their money behind hotel developments, said Greg Hanis, president of Pewaukee-based Hospitality Marketers International Inc. Investors are attracted to the hotel industry because it has seen dramatic improvement in recent years. However, that improvement is deceiving, because the industry is really only getting back to where it was before 9-11, he said.

The national interest by investors in hotel development is contributing to the interest by developers in building more hotels in the Milwaukee area, Hanis said. Interest in downtown hotel development is also growing because the occupancy rates of the major downtown hotels is almost 70 percent, he said.

However, hotel industry observers say many of the proposed hotels will never get built, especially downtown, where there are so many hotels proposed for the same area.

Hanis predicts that only “two or three” of the proposed downtown hotels will be built. The downtown hotel market simply cannot support a large number of additional hotels, he said.

“A lot of the hotels that have been announced in Milwaukee, I hate to say it, are unrealistic,” Hanis said. “A lot of them are announcements, but there’s not a lot of substance behind them.”

Since downtown will only be able to support a handful of the hotel projects that have been proposed, the hotel developers are in a race to see who can get their projects approved, financed and built first. The other projects will then likely be dropped. Some of the hotel announcements may be done to try to scare off competitors, but that hasn’t happened yet, Hanis said.

“Until they put the shovel in the ground, then that might scare them off,” he said.

DOWNTOWN
Here is a rundown of who is in the race to build hotels downtown:

• Fort Myers, Fla.-based Development Opportunity Corp. is building a 14-story mixed use building with a 135-room Staybridge Suites hotel, 30 condos and 17,000 square feet of retail space just north of Bar Louie at 1114 N. Water St. Construction is expected to be completed next year.

• Chicago-based RSC & Associates plans to build two hotels between Broadway, Ogden Avenue, Lyon Street and Jefferson Street in the Park East corridor.

• Mequon-based Ruvin Development and Dallas-based Gatehouse Capital Corp. plan to build a 180-room upscale, boutique hotel northwest of North Old World Third Street and West Juneau Avenue. The hotel would be operated by San Francisco-based Kimpton Hotels. Construction could begin later this year, and be complete in 2009.

• Weas Development Co. plans to build a 165-room Renaissance ClubSport by Marriott hotel at the southeast corner of Broadway and St. Paul Avenue in the Historic Third Ward. Weas hopes to begin construction early this year.

• Charlotte-based Ghazi Co. has proposed a 32-story building, which would include a hotel, for a city-owned lot at Fourth Street and Wisconsin Ave.

• Badger Pacific Equity Partners plans to redevelop a vacant, 65,106-square-foot, 136-year-old building at 625 N. Milwaukee St. into an upscale, boutique hotel. Craig Stoehr, co-founder and managing partner of Badger Pacific, said his group’s project has an advantage over the other downtown hotel projects because they have an existing building. “We can be open six months to a year before any of these other projects,” he said.

• Asif Rana, the owner of Rana Enterprises Group, plans to submit plans for a mixed-use development that will include a 175-room hotel, for property owned by Milwaukee County in the park east corridor. Rana submitted a similar proposal for another site in the park east corridor, but the County Board selected the Ruvin Development project instead.

• Dixon Development plans to build a 100-room Harley-Davidson themed boutique hotel in a former Coakley Bros. Inc. warehouse at 50 W. Florida St. in the Fifth Ward.

• Developers Steve Stewart and Brian Kliesmet plan to build a 76-room boutique hotel on a pair of parking lots just north of the U.S. Bank branch at 2303 N. Farwell Ave., near the North Avenue entertainment district on Milwaukee’s east side. Currently, there are no hotels on the east side.


Most of the proposed downtown hotel projects are part of mixed-use developments. Lenders prefer those projects because then the hotel does not have to carry the entire burden of the development, Hanis said.

Several other hotel developments are in various stages of development in the outlying Milwaukee neighborhoods and the suburbs.

Hanis said the suburban projects appear to be more realistic than many of the downtown proposals, because the suburban projects are serving specific areas and are not trying to appeal to a limited, upscale market. The suburban hotels typically serve an area with a five- to seven-mile radius, he said.

Beyond Downtown
Here’s a rundown of hotel developments in outlying Milwaukee neighborhoods and the suburbs:

• A 100-room Hilton Garden Inn hotel is under construction in the massive Pabst Farms development in Oconomowoc. The hotel is expected to open later this year.

• Russ Kaloti, president of Kaloti Enterprises Inc., is building a 200-room Crowne Plaza hotel at the southeast corner of North Mayfair and West Watertown Plank roads in the Milwaukee County Research Park in Wauwatosa. The hotel is under construction and is expected to open in 2008.

• Oshkosh-based WHG Companies LLC plans to build a 120-room Comfort Suites hotel at 10831 W. Park Place Drive on Milwaukee’s far northwest side. Construction is expected to begin in March and be completed in early 2008. “We really like the strong corporate base over there,” said Brian Wogernese, owner of WHG Companies.

• Franklin-based Icon Development Corp. is planning a mixed-use development at Burleigh Street, just east of U.S. Highway 45 in Wauwatosa, that would include a 20-story condominium building and a hotel.

• Badger Pacific Equity Partners and a group of local investors, which took over management of the Milwaukee Mile racetrack in West Allis, plan to develop 9.5 acres adjacent to the racetrack along Greenfield Avenue. The development will include a hotel.

• Bricton Group Inc. plans to build a 100-room Staybridge Suites hotel at 9527 S. 27th St., Franklin.

• Oak Creek-based Ener-Con Cos. LLC plans to build a mixed-use development at East College and South Howell avenues in Oak Creek that would include a hotel.

• Brown Deer-based Trunk Bay Investments plans to build a 59-room Microtel Inn and Suites hotel at 9611 S. 13th St., Oak Creek.

• West Bend-based American Design & Build and North Liberty, Iowa-based Kinseth Hospitality Companies plan to build an 82-room Hampton Inn & Suites hotel at the southeast corner of South 18th Avenue and West Paradise Drive in West Bend. The site is near the West Bend Mutual Insurance Co. headquarters.

• Lee Barczak, the president of Greendale-based Morgan Kenwood Advisors LLC, and his wife, Jane Schilz, plan to open a 12-room boutique hotel at 5133 S. Lake Drive in Cudahy in March. Barczak and Schilz are also planning to redevelop the Avalon Theatre in Milwaukee’s Bay View neighborhood. That project could include a 20-room boutique hotel. Barczak and Schilz said their boutique hotel projects will appeal to travelers looking for something different. “Some people don’t want to stay in another Comfort Suites,” Barczak said. “There’s a trend of people looking for an alternative place to stay. They’re looking for something a little more interesting.”

UPGRADES
Several existing hotels are planning upgrades to keep up with the competition from the new hotels. The Holiday Inn at 611 W. Wisconsin Ave. in downtown Milwaukee is being renovated and will change its brand to Doubletree, Hanis said. The Hilton Hotels Corp. Doubletree brand is a step up from Holiday Inn, he said.

Milwaukee-based Marcus Corp. recently transformed the Wyndham Milwaukee Center hotel at 139 E. Kilbourn Ave. into an InterContinental hotel, a high-end brand of United Kingdom-based InterContinental Hotels Group PLC. The InterContinental hotel will provide a boost to the downtown hotel market, he said.

In addition, Marcus is planning renovations to its downtown Hilton and Pfister hotels, Hanis said.

“There has been so much focus on these new hotels coming into the downtown area,” he said. “But our hometown hotel company is investing a lot of money in its existing downtown hotels.”
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Old January 21st, 2007, 12:52 AM   #288
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Whitney Gould: Museum sparkles; Bayshore looks fake


I haven't posted in a while, but did anyone catch Gould's recent JS article comparing the architecture of Bayshore and Discovery World? Classic Gould, couldn't agree more.

Find it on JSonline.com
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Old January 21st, 2007, 01:37 AM   #289
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Familiar view, seen in an unfamiliar way...

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Old January 21st, 2007, 06:55 AM   #290
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Everyone I talked to felt dissappointed about the new addition to Bayshore Mall. It had so much hype to it, but its quite annoying and confusing if you ask me.
BTW, amazing edit to that photograph Mark! wow!
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Old January 21st, 2007, 09:54 AM   #291
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Everyone I talked to felt dissappointed about the new addition to Bayshore Mall. It had so much hype to it, but its quite annoying and confusing if you ask me.
BTW, amazing edit to that photograph Mark! wow!
I think the only way Bayshore is going to get more attractive is if/when they get a new anchor store. It's pretty much a fact that Bayshore won't renew Sears' contract with the mall, forcing it to close when its lease is up. But now, what to do with it? They don't want Von Maur, a dept. store chain that wants to enter into Milwaukee and is dubbed "the Midwest Nordstrom", and when asked by JS reporters, Nordstrom pretty much gave a "thanks but no thanks" answer to anything in the Milwaukee area at this time. The only other chain(s) I can think of going there would be Macy's or Bloomingdale's (since Bloomies was strongly considered for a 4th dept. store @ Brookfield Square)

Once that happens, along with some other stores that would be newer to the area, Bayshore would be more exciting to go to, rather than Mayfair or Brookfield Square.

The new hype that I'm concerned about is with Southridge Mall in Greendale, because the new owners of it say they want to do something with the mall to "make it more competitive"....but what the hell does that mean???
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Old January 22nd, 2007, 12:11 AM   #292
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I haven't posted in a while, but did anyone catch Gould's recent JS article comparing the architecture of Bayshore and Discovery World? Classic Gould, couldn't agree more.

Find it on JSonline.com
Actually, on a few too many occasions I've felt Gould's judgements to be so inexplicably way off base----either undeserved praise or overly unwarranted attack---that I no longer pay attention to them, even though I'm sure I'd be in agreement a majority of the time. She's knowledgeable, yes, but reliably fair, I'm not so sure. (I'll be happy to remember an example or two if you insist).
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Old January 22nd, 2007, 12:46 AM   #293
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I think both projects are good for the city and each look proper in their own right. Been to both and think the revised bayshore is looking great.
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Old January 22nd, 2007, 09:38 PM   #294
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It's pretty much a fact that Bayshore won't renew Sears' contract with the mall, forcing it to close when its lease is up.
Except thats not true... Sears owns the property that their store is on. The only catch (and this part I'm fuzzy on whether its true or not) is that unlike most of their locations they DO NOT own the parking lot like they do at brookfield/southridge/and used to at Northridge.
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Old January 22nd, 2007, 10:20 PM   #295
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Except thats not true... Sears owns the property that their store is on. The only catch (and this part I'm fuzzy on whether its true or not) is that unlike most of their locations they DO NOT own the parking lot like they do at brookfield/southridge/and used to at Northridge.
Well I'll be damned.....the word was all about Bayshore pretty much eliminating Sears from its store lineup....but I don't know how they can do that if they only can control the parking lot around it! Sounds frustrating...
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Old January 22nd, 2007, 10:42 PM   #296
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I had heard something along those lines too... but it was that bayshore wouldn't let them expand the store or something like that. Sears wants a Sears grand on the northeast side of the city and the current store doesn't have enough room. Thus not letting them expand would effectively make them move.
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Old January 22nd, 2007, 10:59 PM   #297
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I have to agree with Whitney Gould on her critique of the Bayshore Town Center. I don't think the mall itself is a detriment to the area or even a detriment to the Downtown. The development brings a lot of stores to the Milwaukee area that did not have a presence here previously. It's things like Bayshore and Mayfair that help make Milwaukee a "destination" city for people from all over the state. This is a good thing.

But I don't think the mall is any "step forward" from a design and planning standpoint. Sure, it's outdoors and supposedly creates a pedestrian environment. But this pedestrian environment, like the design itself, is contrived. 99.9% of the people visiting the stores in this mall likely drive there and park in one of the ramps. If good planning is designed to get people to drive less, how is this progress toward that goal?

Moreover, I do not like the design of the Bayshore Town Center from an aesthetic standpoint. I think the overall feel of the development is tacky, cheap-looking and Disney-esque. The development has a few buildings here and there that break the mold, but the lion's share just look tacky.
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Old January 22nd, 2007, 11:25 PM   #298
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Convent Hill

Not sure I saw any hipe over this construction. It's on the border of the Park Freeway corridor and will be an overshadowing building sitting on a very tall hill. Although it is only aprox 12 stories, it will appear to be much taller because of its location.







View of Manpower from the corner of Convent Hill - telephoto.
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Old January 22nd, 2007, 11:49 PM   #299
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Not sure I saw any hipe over this construction. It's on the border of the Park Freeway corridor and will be an overshadowing building sitting on a very tall hill. Although it is only aprox 12 stories, it will appear to be much taller because of its location.

Judging by the signage, it appears to be some kind of subsidized housing (see: tha projects). Interesting, and kind of sad as well, as I have not heard anything on this either. It has not been covered by this forum (as far as I know), not by MJS, or by emporis. I guess the only developments that are important are those catering/housing young white people. I think a 12 story, reasonably handsome development in the park east area should warrant at least a little attention.
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Old January 22nd, 2007, 11:55 PM   #300
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Quote:
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Judging by the signage, it appears to be some kind of subsidized housing (see: tha projects). Interesting, and kind of sad as well, as I have not heard anything on this either. It has not been covered by this forum (as far as I know), not by MJS, or by emporis. I guess the only developments that are important are those catering/housing young white people. I think a 12 story, reasonably handsome development in the park east area should warrant at least a little attention.
this has been mentioned, but not for a while. it is subsidized housing for seniors, run by the housing authority and replacing their existing building on the site. Should be a lot better than what is already there. Always good to see construction near the Park East.
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