Park East Land Back on the Market
Plus: Milwaukee Athletic Club redevelopment advances, Oriental Theatre project hits next phase.
Measuring 99,650 square feet, the lot is bordered by N. Milwaukee St., N. Water St., N. Broadway and E. Ogden Ave.
Block 22 is part of land that was covered for decades by the Park East Freeway spur. The elevated highway was demolished in 2003 and the land beneath was opened up for development. The lots west of the Milwaukee River were sold to the Milwaukee Bucks in 2016 for auxiliary development surrounding Fiserv Forum. Lots east of the river have been sold individually.
Bids will be reviewed quarterly starting August 5th.
Milwaukee Athletic Club Sells
The Milwaukee Athletic Club building has sold. J. Jeffers & Co., Interstate Development Partners and Sage Hospitality Group are redeveloping the building at 758 N. Broadway. A new hotel will serve as the anchor.
In addition to replacing the club’s small hotel, the $70 million plan includes a new restaurant, new fitness and social areas, co-working space, renovated basketball court and swimming pool.
“This building is a one-of-a-kind historic design, which along with the Milwaukee Athletic Club’s iconic history, provides a compelling and exciting challenge to blend history and ageless design with modern amenities, welcoming environments and conveniences. We are very excited to get the work underway and move the project forward,” said Joshua Jeffers.
For more on the Milwaukee Athletic Club, see our recent column on the building’s value.
Milwaukee Films Starts Second Phase of Oriental Redevelopment
Milwaukee Film, which signed a 31-year lease for the Oriental Theatre in 2017, is starting the second phase of the redevelopment of the historic east side theater.
The second phase will include replacing the concession stand, upgrading the sound system in the main theater, a new assisted listening device system, replacing the seats in one of the three theaters and a new emergency system, the non-profit announced in a press release.
All this work is scheduled to be done before the Milwaukee Film Festival this fall. A third phase is planned for 2020.
The organization completed a $10 million fundraising campaign in February. It completed the first phase of its planned improvements in 2018.
Vacant 11-story Tosa Office Building Becoming Hotel
A Marriott Renaissance Hotel, the first in Wisconsin, is being built in the shell of a former office building, and just in time for the Democratic National Convention.
HKS Holdings and Concord Hospitality Enterprises Co. will redevelop the 11-story building at 2300 N. Mayfair Rd. into a 196-room hotel, Tom Daykin reported for the Milwaukee Journal Sentinel. The $33.2 million project is scheduled to open it in June 2020.
In Other News:
- Wangard Advances Harbor District Plan
- Jamaican Place Planned for MLK Drive
- The Cold War with We Energies
- Mitchell Street Group Wins YP Week Contest
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