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.”