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  #81  
Old Posted Oct 24, 2003, 6:40 AM
Markitect Markitect is offline
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What the articles have stated (this one and the one I posted a few weeks back) is all I know.
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  #82  
Old Posted Oct 24, 2003, 8:31 AM
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GOOD GRIEF!!!! An avg. selling price of $875,000 and $1.5 million for condos. That's incredible for a city the size of Milwaukee. Are there other towers in downtown Milwaukee with $500,000+ condos or are Kilbourn and UCT breaking into a new market? Just exactly who are these people? From Chicago or metro Milwaukee? Are they relocating from other downtown locales or coming from the suburbs? Are they empty nesters or DINKs?

Bare with me folks....I'm just surprised a city like Milwaukee has such a demand for very high priced condos in the heart of downtown. I'd expect this in cities like San Francisco, NY, Chicago, maybe even Miami. I guess I had the wrong impression about Milwaukee.
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  #83  
Old Posted Oct 24, 2003, 9:14 AM
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High-rise condos along the lakebluff will go for several pretty pennies. Kilbourn Tower, University Club Tower, and 1522 on the Lake all have units going for $1+ million, as does Cathedral Square Condos (which is a few blocks inland from the lake).

I don't know what the long-standing lakefront condos are going for, but I see no reason why some of them wouldn't have units going for close to $1 million.

Is there a demand for so many ultra-high-price condos? Perhaps for what we currently have going up or proposed. Is there demand for even more of the same? Hard to say. Some developers think not in the near future. We don't want to over-saturate the market. Not to mention there are tons of other smaller developments springing up all over the place.

Most of the new condo projects are going for less than $500,000; but there are some going for more than that (excluding the million dollar ones).

Who is moving into all these condos? Young adults and empty nesters who can afford them; it really isn't one or the other group.

Where are they coming from? Don't really know; some from metro Milwaukee, some from outside the region--again, a little of both. I'd guess right now the number of local-area relocatees outnumber people coming from afar.
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  #84  
Old Posted Oct 24, 2003, 5:04 PM
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Woooooooo hoooooooooo! Predock!!! Let's hope that works out.
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  #85  
Old Posted Oct 27, 2003, 6:10 AM
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What is happening at the southeast corner of 27th and Wisconsin?
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  #86  
Old Posted Oct 27, 2003, 6:48 AM
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I dunno, but i just drove by that intersection last night and didn't notice anything that i can recall. Of course, it was at night, so it was harder to notice.
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  #87  
Old Posted Oct 27, 2003, 7:28 AM
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Quote:
Originally Posted by theodore
What is happening at the southeast corner of 27th and Wisconsin?
The City acquired that block and has been clearing it of run-down buildings to make way for a commercial or mixed-use redevelopment project. A developer has been eyeing the site for a grocery store.
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  #88  
Old Posted Oct 27, 2003, 8:01 AM
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Today's Business Journal reports growing concerns from Brewers Hill residents about a proposal for some new condominum buildings in the neighborhood.

Over the past few years, Tandem Devlopers has created Brewers Hill Commons throughout a few blocks in the neighborhood. Their efforts include converting former factory buildings into lofts, several twonhouse buildings, and even some single-family detached housing--138 units built or under construction as part of the development right now. Tandem's latest proposal is for 217 more units, including a some tall-ish buildings for the neighborhood, in the form of a 6-story and 5-story building (the article judiciously uses the term "towers"), some more low-rise townhouses, and some more signle-family houses.

Residents have expressed concerns about the number of units, size/height of the buildings and their placement on the blocks, as well as parking issues.

Have a read through the article for more information: Brewers Hill residents blunt condos (be sure to scroll all the way down, it's a two-pager)

Also browse through the Brewers Hill Commons website.

Last edited by Markitect; Oct 27, 2003 at 8:08 AM.
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  #89  
Old Posted Nov 14, 2003, 4:52 AM
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Once again, a hotel proposal is being floated for a site across the street from the Midwest Airlines Center (convention center) at W. Wisconsin and N. 4th Street--which is currently a surface parking lot. Two previous attempts to build a hotel on the site never materialized.

This time around, Sheraton is considering putting a 6-story, 253-room hotel on the site (which is smaller than the previous two proposals which were at 350 and 300 rooms). Developers are saying there isn't much demand for anything larger at the moment (plus some other hotels have expanded or opened up since those previous proposals were made). Meanwhile, some others in the hotel and convention industry are questioning the reduced size of the current Sheraton proposal.

The proposal also includes meeting space, a restaurant, health club, and swimming pool.

If financing is secured, the Sheraton could break ground in spring, and the expected 10-12 month scedule could even be opene for the large NAACP Convention in 2005.

Read through the Journal Sentinel article for more details: Hotel planned to complement Midwest Airlines Center - Sheraton may help Milwaukee attract more conventions
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  #90  
Old Posted Nov 14, 2003, 5:10 AM
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6 story 253 room hotel? 6 STORY 253 ROOM HOTEL!?!?

STOP THE PROCESS!

OH Please! That parcel of realestate is prime (Location, location, location!) Why would you want to put up a shack when it could be graced with a tower?

LOL, now that I know what Sheraton thinks of Milwaukee I"ll just assume their hotels are crap!

6 story my arse!

Last edited by paule17; Nov 14, 2003 at 5:31 AM.
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  #91  
Old Posted Nov 14, 2003, 5:38 AM
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Quote:
Originally Posted by paule17
6 story 253 room hotel? 6 STORY 253 ROOM HOTEL!?!?

STOP THE PROCESS!

OH Please! That parcel of realestate is prime (Location, location, location!) Why would you want to put up a shack when it could be graced with a tower?

LOL, now that I know what Sheraton thinks of Milwaukee I"ll just assume their hotels are crap!

6 story my arse!
I agree. That is prime location. If 6 stories is all they can muster, I say wait for a new proposal.
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  #92  
Old Posted Nov 14, 2003, 6:15 AM
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I'll third that. You don't stick a 6-story block on a lot directly across the street from the convention center in the dense commercial heart of Wisconsin's largest city. BS.
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  #93  
Old Posted Nov 17, 2003, 6:37 AM
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More details about PabstCity--the redevelopment of the former Pabst Brewery into a downtown mixed-use entertainment district--were described in the Small Business Times.

Developers are negotiating a letter of intent from GameWorks to incorporate a large arcade/restaurant/bar into PabstCity, fitting right in line with the entertainment theme for the project. GameWorks has a number of such popular venues in other cities across the country--the nearest of which are in suburban Chicago and Minneapolis.

Developers also are continuing to solidify previous letters of intent from other interested parties into official leases--including a House of Blues and a Hofbrauhaus brewpub/restaurant.

Current plans for PabstCity include:
  • 430 loft apartments
  • 170 condominums
  • 55,000 sqft of office space
  • 5280 parking paces
  • an 18-screen movie theater, with stadium seating
  • a 200-room hotel
  • a grocery store
The article also includes an interview with lead developer John Ferchill, of the Ferchill Development Group, which has major redevelopment projects ongoing in Pittsburgh, Cleveland, Akron, and Detroit.

See here for more: Pabst City will include GameWorks arcade and bar

Last edited by Markitect; Nov 17, 2003 at 6:42 AM.
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  #94  
Old Posted Nov 17, 2003, 6:45 AM
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Whoa! Great update. Honestly, and I'm not being sarcastic here, that grocery store is a great idea. That's just the kind of thing to bring to a mixed-use project if you want the residential portion to be successful. Pabst City sounds like it could be the coolest development in MKE since the MAM. I really like the idea of having a mainstream multiplex a little closer than the suburbs. That's a bonus.

Would Pabst City be on any major bus lines? If not, do you think the city will create or extend a route to include the development?
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  #95  
Old Posted Nov 17, 2003, 6:57 AM
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PabstCity is not directly on any bus lines at all, because the brewery is essentially isolated in the northwestern corner of Downtown--sort of off the beaten path, hence the streets running through the property do not have bus routes. The nearest bus lines are a couple blocks away, on N. 6th Street (Routes 11, 80, and 143) and across I-43 along N. 12th Street (Route 1)--just a short walk east and west of PbastCity, just a short walk away, really.

As far as creating or extending bus routes to reach PabstCity, the City is not responsible for that; that's the County's responsibility. And given the recent budget cuts, fare hikes, and cutting bus services, it's not likely to make any additions to service anytime soon.
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  #96  
Old Posted Nov 17, 2003, 7:07 PM
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That's too bad. At least it's not too far from any routes. Hey--because of the slight distance from the actual CBD, Pabst City is kind of extending downtown, in a way, right?

On a completely unrelated note, today was the final deadline for two of the firms in the competition for Pier Wisconsin. I was talking to someone from one of the firms that was working on a proposal when I was at work on Friday, and he said that it's been an intense few weeks. Sounds like we should be getting info soon...keep your fingers crossed on this one!!
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  #97  
Old Posted Nov 18, 2003, 1:47 AM
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*fingers crossed* hehehe
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  #98  
Old Posted Nov 21, 2003, 5:47 AM
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Here is another article, this time from the Journal Sentinel, about the possibility of GameWorks locating in PabstCity: GameWorks negotiating PabstCity lease - Entertainment center would target professionals, students
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  #99  
Old Posted Nov 23, 2003, 11:59 AM
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i would totally go there, if they brought it to milwaukee! Things just don't get done fast enough. haha
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  #100  
Old Posted Nov 24, 2003, 6:51 AM
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An article from today's Business Journal describes the ongoing discussion for relocating Potowatomi Bingo Casino to Downtown from its current location in the Menomonee Valley. The study identifies four possible sites for relocating the casino (in the Park East corridor; a site at N. 6th and W. State Streets; a site west of the Amtrak Station; and a site east of the Summerfest Grounds).

Potowatomi has put a lot of investment in the current facilities in the Valley, and has plans on the table for another expansion there in the future (depending on the outcome of the state gaming compacts legal tangle). Further relocation hurdles concerning tribal lands could arise from the Federal government, as well.

Here's the artcile: Study seeks to woo casino downtown - Private effort launched to convince tribe that moving is feasible (be sure to scroll down to the bottom--it's a three-pager)


I would rather see the casino stay put, and use those suggested Donwtown sites for other projects. Especialy sine the Potowatomi have invested so much into their facitlities already, and have more in store. Two of the four suggested sites--near the Amtrak Station and Summerfest--are relatively isolated. The site near Summerfest is also being eyed for a much-needed Downtown grocery store.


Another artcile from today's Business Journal describes developments heating up on the East Side. Numerous developers have shown interest in several properties in the area of N. Prospect/N. Farwell and E. North Avenues.

The major project slated to begin next year is the new Coulumbia-St. Mary's Hospital campus, which will include new hospital and mixed-use facilities along North Avenue.

Another developer is working with UWM to convert the Kenilworth Building on N. Farwell Avenue (a former warehouse owen by UWM, used now for arts studios/galleries, maintenance shop, storage space, and other miscellaneous uses) into a mixed-use retail/student housing/office building.

Meanwhile, other developers have undisclosed plans for some underutilized properties (gas station, office building, surface parking lots) on a couple other blocks in the area.

Also, New Land Enterprises has been marketing an 11-story retail/condo building at N. Farwell and E. Royall Place, to be called The Sterling.

Read the article for specifics: Boom looms on east side - Hospital, UWM projects excite developers (a two-pager)
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