MILWAUKEE | Park East Development News

[EastSider]

Here's an update on the Park East project in Milwaukee. Located downtown, this project focuses on the redevelopment of the land left by the Park-East freeway demolition.

Aloft (W) Hotel
Under Construction, Topped Off



The North End
Under Construction
The City adopted a $5.7 million financing plan to assist in the creation of the North End neighborhood. The $175 million project includes 395 condos, 88 apartments and 20,000 to 25,000 square feet of neighborhood retail space which will be completed over the next five to seven years.


The Moderne
Financing Approved (11/03/09)
Under Construction
A 30-story mixed used building featuring 203 apartments and 14 condominiums 16,000 square feet of first floor retail space.





Manpower World Headquarters (Fortune 500)
Completed
The site will employs 1,200 people and includes a parking structure, public plaza, and extension of the Milwaukee Riverwalk. The $87 million development project includes both new construction and historic renovation of the North Powerhouse.




Residences on Water
Under Construction
The project will include a 121-room Staybridge Suites hotel, 31 condos and 14,000 square feet of retail space.



Block 12
Proposal
A 10-story building with retail space on the first floor, offices on floors 2-4, a hotel on floors 5-8 and condominiums on the top two floors. A 120 room Aloft hotel, a new hotel brand for Starwood Hotels & Resorts Worldwide W Hotels division, is also slated to occupy the building.




Park East Square
Proposal
The proposed development is comprised of several buildings ranging from three-story raised brownstone-type townhouses to an eight-story condominium building with street-level commercial space. The development will offer approximately 122 condominium units, 80,000 square feet of retail space, a hotel and a parking structure for retail tenants.


Eco-Square
Proposal
350 Apartments


Park East Enterprise Lofts
Completed
The concept behind this 85-unit development is to offer an affordable place for creative entrepreneurs and artists to live and work downtown.


Convent Hill
Completed
A 120 affordable rental unit high-rise. The new building will be a sustainable, “green,” LEED-certifiable building with a vegetated roof and garden. There will be over 15,000 square feet of space for supportive services, including an on-site health clinic and pharmacy.


Kern Center
Completed
The building is a 210,000 square foot recreation, athletic, health and wellness center developed with the goal of providing students with ample access to fitness.


Flatiron
Completed
This mixed-use development will include ground level retail, a public corner plaza, and 38 condominium units, each with a unique floor plan.


(flikr: compujeramy of Urban Milwaukee)

[i_am_hydrogen]

Good idea to consolidate all of the Park East projects into one thread. You guys should try taking some construction photos, too. I haven't been in Milwaukee for about 3 months and would love to see how these are progressing.

[Markitect]

A good list so far.

[MilwaukeeMark]

Well this isn't a construction progress photograph but it shows the view from the park east land...

[MilwaukeeMark]

The Flatiron


The North End


Convent Hill


Residences on Water


MSOE Kern Center


Manpower

[EastSider]

Originally Posted by Markitect

A good list so far.

Some clarifications:

"Block 1 and 2" as labeled above is called Park East Square (Phase 1 is proposed for Block 26; Phase 2 is proposed for Block 22)

"Block 10" as labeled above is actually Block 12 as per the City's Park East Redevelopment Plan.

Also, "Sidney High" should be "Sydney Hih".

It also may be useful to edit the listing to describe what each of the developments/proposals entail.

Good clarification, I'll edit it up.

Also: What happened to 'Terraces At River Bluff'?

[MilwaukeeD]

the Aloft is no longer planned for block 12/10 (whichever it is). Aloft is going on Ruvin's lot next to the old Third Street Pier...the lot that was going to be Cramer-Krasselt's new HQ will now just be an Aloft.

Park East Square is going to have a Hyatt Place and some other hotel brand.

Terraces at River Bluff aren't quite dead, but there has been zero activity or announcements in over a year.

[Jesse276]

Originally Posted by EastSider

Good clarification, I'll edit it up.

Also: What happened to 'Terraces At River Bluff'?

I heard that the developer over-estimated the market for very high end units on that site and is reformulating their development strategy. I thought I initially heard that the units would be in the 400-500,000 range which I consider alot for that location, expecially when you have many other options downtown for that price range.

[Markitect]

Originally Posted by Jesse276

I heard that the developer over-estimated the market for very high end units on that site and is reformulating their development strategy. I thought I initially heard that the units would be in the 400-500,000 range which I consider alot for that location, expecially when you have many other options downtown for that price range.

Yeah, that happened last year. They even took down the marketing website for a few months while they tweaked the design to accommodate smaller units within a lower price range. Once those changes were made, the website was put back online, several months ago, at the beginning of this year.

[MilwaukeeD]

While that is a nice website...a website without prices isn't going to attract a lot of interest.

[MilwaukeeMark]

Originally Posted by MilwaukeeD

While that is a nice website...a website without prices isn't going to attract a lot of interest.

Yeah, no kidding. And don't have a "floor plan" section without floor plans. Haha.

[Coldwake]

Originally Posted by MilwaukeeMark

Yeah, no kidding. And don't have a "floor plan" section without floor plans. Haha.

haha, yeah! That was the worst part!

[Twoaday]

Hey I took some photos of the North End demolition and created a flickr set to keep track of the progress
http://www.flickr.com/photos/daverei...7602258343011/

[Fiddlerontheruf]

Here is a big picture of the area in question, circa last summer.

[Milwaukee, WY]

Originally Posted by MilwaukeeD

Park East Square is going to have a Hyatt Place and some other hotel brand.

Hyatt Summerfield Suites

[EastSider]

Here's a good shot of the Park East Area. Notice the vacant land to the middle and upper-left left over by the demolition of the freeway"

[D-res]

also an interesting little report about the removal of the park east I randomly found.
http://www.preservenet.com/freeways/...sParkEast.html

[NeuBrew]

Is the Moderne still going to break ground in early 2008?

[Skyking2]

Originally Posted by NeuBrew

Is the Moderne still going to break ground in early 2008?

Couldn't say for sure, but I see First Weber Realty is running a stunning half page ad in the November issue (p. 20) of M Magazine. The ad features one of First Weber's agents, and is promoting sales inquiries. The way this ad looks, it sure looks like The Moderne is on its way.

[EastSider]

Originally Posted by Skyking2

Couldn't say for sure, but I see First Weber Realty is running a stunning half page ad in the November issue (p. 20) of M Magazine. The ad features one of First Weber's agents, and is promoting sales inquiries. The way this ad looks, it sure looks like The Moderne is on its way.

There's also some sort of sales office/promotional building onsite.