Related Articles
Palomar Canceled?
Haven't seen any official announcement yet, but we've heard from a credible source close to the project that the The Residences at Palomar project has been canceled. We'll update this post as we learn more. At the moment, calls in to the project are going unanswered.
Jan 12th, 2009 by Jeramey Jannene
Aloft Hotel Project Gains Momentum
Despite delays, alterations, and setbacks the 160-room Aloft hotel project has finally started to overcome some of these hurdles.
Oct 21st, 2008 by Dave Reid
North Powerhouse Demolition
The Urban Milwaukee authors have been closely following the destruction of the North Powerhouse along the Milwaukee River. We've accumulated a nice collection of photos tracking the demolition progress. The building was built in the late 1920s and used by the city to help distribute steam throughout downtown Milwaukee.
Jul 28th, 2008 by Jeramey Jannene
The Residences Above? Nope
Rumors had circulated for weeks regarding the demise of The Residences Above portion of Ruvin Developments’ Aloft hotel project. Indications such as the website for The Residences Above being down for weeks and their sales sign coming down in record time combined with the market’s downturn made it appear likely that a change in the project was coming. As of last week the final decision hadn’t been made regarding the status of the condominiums. At the time Rob Ruvin had indicated that they would “most likely eliminate the condos” and that they would “possibly increase the size” of the hotel but they were still working it out. It appears now that decisions have been made and The Residences Above have been eliminated from the project.
May 14th, 2008 by Dave Reid
Aloft Development Plans to Break Ground Soon.
The nine-story Aloft Hotel and condominium project is now on track to break ground in April with a target completion date of May 2009. To facilitate pre-sales Ruvin Development has launched The Residences Above website which includes floor plans, pricing and contact information for potential buyers. According to the website the nine condominium units will run from $540,000 to $1.2 million and include a long list of amenities such as an indoor pool, boat slips, a rooftop terrace, and a housekeeping package. In addition to the hotel and condominiums this project will feature two first floor retail spaces targeting a bar or restaurant occupant. The 1,490 square feet retail space is located on the Riverwalk and should make it a prime spot for an entertainment destination. The 1,690 square feet space is located along Old World Third St and will tie into the Old World Third St. entertainment district. The spaces are currently being marketed by CB Richard Ellis and are leasing for $19.50 per square feet and $20.00 square feet respectively. The Residences Above http://www.theresidencesabove.com
Mar 1st, 2008 by Dave Reid
Cramer-Krasselt Moving To Third Ward
Milwaukee Ale House, Water Buffalo, etc, etc. Originally uploaded by compujeramey The nation’s third largest independent advertising firm Cramer-Krasselt, who as you may remember was supposed to move to a Robert Ruvin-development in the Park East neighborhood, has announced that they’re moving from Van Buren Street to the Third Ward. The firm will move to a 50,000 square feet location at 224 E Chicago St above Rubin’s Furniture. They will barely gain any space, but will have what they think is a much more efficient layout (what exactly that means they haven’t too clear about, but let’s assume it’s not a cubicle farm). While the move isn’t a sign of improving health for urban Milwaukee, because they’re simply trading one space for another, it does help cement the fact that the creative types are certainly calling the Third Ward home. The bigger question raised is what type of businesses will call the Park East neighborhood home? Cramer-Krasselt moving into the undeveloped neighborhood certainly would have been a large boost for creative firms, but may not have been as good for the city. The concentration of similar firms seems to be a key ingredient of economic success (see Silicon Valley, Wall Street, or even all the biotech firms in Madison). While for the most part that is seen on a macro level (Silicon Valley is a huge swath of land and includes a few different cities), similar firms locating close to each other in Milwaukee is a strong recruiting tool for each firm and for new startups. It’s going to be a whole lot easier to convince someone from Boston to come to Milwaukee if they know they’re going to be working (and hopefully living) in an area that is filled with like-minded individuals. If they can visit the city and see all the companies in one neighborhood versus being sprinkled all over there will be a lot better first impression made. While the Third Ward continues to draw in creative firms, who will occupy the stretch from the old Pabst brewery eastward?
Dec 11th, 2007 by Jeramey Jannene
