Construction Ramping Up on Wisconsin Center Expansion
Plus: A recap of the week's real estate news.
The fence is up.
It’s the first physical step towards the construction of the Wisconsin Center‘s $420 million expansion.
The expansion is being built atop what is currently a surface parking lot along W. Kilbourn Ave. The building, currently with an entrance at W. Wisconsin Ave. and N. Vel R. Phillips Ave., will be reoriented to the north with a new front door at the southwest corner of N. Vel R. Phillips Ave. and W. Kilbourn Ave.
It includes the creation of 400 indoor parking spaces.
The project is being funded by district revenue, which includes a series of taxes in addition to rental fees. The district debt is backed by a 3% county-wide hotel room tax, 0.5% food and beverage sales tax and 3% rental car tax.
As part of approving the expansion in April 2020, the district raised the countywide hotel tax by a half percent (to 3%) to expand its debt reserve fund. The Common Council negotiated a revenue-sharing agreement with the district as part of the expansion.
As part of the project, WCD committed to a contracting and hiring program similar to one imposed by the City of Milwaukee on projects receiving city financial assistance. At least 25% of the work is to be committed to minority-owned businesses, 5% to woman-owned businesses and 1% to veteran-owned businesses. At least 40% of project work hours will be performed by city residents or certified through the city’s Residents Preference Program for unemployed or underemployed city works. The work hours goal is a looser definition than the city’s 40% RPP requirement, which was required of Fiserv Forum‘s construction.
The original convention center, known then as the Midwest Express Center, was completed in 1998.
Ascent’s Mass Timber on Full Display
What is planned to be the world’s tallest mass timber building is beginning to look the part.
When finished, the 259-unit building will rise 283 feet, eclipsing the current world leader, the Mjos Tower in Norway, by three feet.
Summit Houses Historic, For Now
Two East Side homes will stand for at least a little longer.
The Historic Preservation Commission granted temporary historic protection to the homes at 2275 N. Summit Ave. and 2279 N. Summit Ave. Thursday afternoon. The move effectively works as a restraining order, granting 180 days of protection while a more stringently evaluated, permanent designation is considered.
Developer Brian Wagner of TamaRock Ventures, who is seeking to develop a seven-story, 90-unit apartment building on the corner, applied to demolish the houses as well as two four-unit structures along E. North Ave. But that proposal, which would also require a zoning change, is at least for now on hold.
Hines Seeks Zoning Change To Allow Third Ward Tower
The $140 million tower would be developed on the site of a 0.79-acre, riverfront surface parking lot at 333 N. Water St.
The proposal calls for a 365-foot, 300-unit apartment tower with an attached eight-level, 405-stall parking structure. The apartments, owing to the location, finishes and amenities, are intended to command a premium price.
Second Mass Timber Tower Files for Design Approval
The developer behind a proposed 15-story mass timber apartment tower is moving forward with securing design approval for the project.
The City Plan Commission is scheduled to review the proposal at its Aug. 23rd meeting because of its location within the Milwaukee RiverWalk overlay zone. Unlike most City Plan Commission votes, overlay zone decisions do not require further Common Council approval.
Madison-based developer The Neutral Project would purchase and demolish the one-story Rojahn & Malaney Company floral warehouse at 1005 N. Edison St. creating a 0.6-acre development site for The Edison.
Druml Seeking New Tenants For Haymarket Building
The real estate company owns a 67,500-square-foot building that runs from N. 6th St. to N. 7th St. just north of W. McKinley Ave. Built into the side of a hill, a one-story portion at 1311 N. 6th St. is currently occupied by Milwaukee Area Technical College. The portion of the building that faces N. 7th St. appears as a one-story building but includes a lower level connected with the MATC space.
The company secured a zoning change from the Common Council in July to change the property’s classification from “Industrial Light” to “Downtown – Mixed Activity.”
Downtown Office Building Being Renovated, Lands Tenant
A new owner is refreshing a downtown office building.
Built in 1999, the building lost its top-floor tenant, Heartland Advisors, in 2019. The company signed a lease for space in BMO Tower, located across the street, and moved when the tower was completed in 2020.
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- Plats and Parcels: Construction Ramping Up on Wisconsin Center Expansion - Jeramey Jannene - Aug 15th, 2021
- Plats and Parcels: See Inside Convention Center Expansion - Jeramey Jannene - May 23rd, 2021
- Eyes on Milwaukee: Who Wants To Name the Wisconsin Center? - Jeramey Jannene - Mar 1st, 2021
- Plats and Parcels: Riverwest Hostel Becoming Cooperative Housing Facility - Jeramey Jannene - Dec 13th, 2020
- Eyes on Milwaukee: Wisconsin Center Gives Final Approval for $420 Million Expansion - Jeramey Jannene - Oct 9th, 2020
- Eyes on Milwaukee: City Approves Wisconsin Center Deal - Jeramey Jannene - Apr 15th, 2020
- Eyes on Milwaukee: Convention Center District Authorizes $420 Million Expansion, Raises Hotel Tax - Jeramey Jannene - Apr 2nd, 2020
- Eyes on Milwaukee: Wisconsin Center Faces 50% Revenue Cut - Jeramey Jannene - Mar 30th, 2020
- Plats and Parcels: City Could Get Cash From Convention Center Expansion - Jeramey Jannene - Mar 29th, 2020
- Eyes on Milwaukee: Council Delays Convention Expansion? - Jeramey Jannene - Mar 24th, 2020
Read more about Wisconsin Center expansion here