RSC & Associates Plan to Break Ground on Park East Square in 2012
In December 2007 RSC & Associates closed on the purchase of Block 26 in the Park East for $2,725,000. Since then RSC & Associates has attempted a variety of method to develop the site, but due to economic conditions were unable to begin construction.
The current version of the project has been broken into phases. The first phase, will include 85 market-rate apartments, 14,600 SF of retail, and 246 parking spaces. RSC & Associates is currently working with the city on updated massing and elevations for the proposal, and have requested to appear before the Milwaukee County Community and Economic Development Committee. According to a letter submitted to Milwaukee County, RSC & Associates has “entered into a partnership with a local Milwaukee developer who is a very strong, well respected real estate development firm headquartered in Milwaukee with experience in almost all types of real estate including multifamily”, which should help to move the project forward this year. According to the letter they “expect to receive approval to move forward with the hopes of starting construction by mid-year.”
Please post renderings when they become available
@Jeff Will do… I just wasn’t able to find any available yet.
http://www.loopnet.com/xNet/MainSite/Listing/Profile/Profile.aspx?LID=17526057
@Justin Thanks! I believe that is the current rendering… I’ll see if we can run it… thanks!
Someone (HINT DCD) needs to put together an interactive web-based map of the Park East redevelopment and update it as things evolve. Perhaps you could plant the seed with the new Park East taskforce/workgroup as “produce a website” is usually the first action to emerge from these efforts.
@Jim It isn’t the most interactive but I believe there is a website for the Park East project that is updated as projects move forward.
Woof. The rendering gives me very little hope that this will be a nice project. How about working with the City AND a talented architect?! This has cheapo-developer-shlock written all over it… Please, prove me wrong.