Premiere Transit-Oriented Development Opportunity: West Wisconsin Avenue

Posted by Milwaukee Downtown Business Improvement District #21

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Development Site

Development Opportunity

Size

1.97 acres

Ownership

Publicly Owned

Availability

For Sale
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Site Description

This City-owned 2 acre site is across from the Wisconsin Convention Center, Hilton Hotel, Shops of Grand Avenue, and a few blocks south of the under-construction Arena District. The future development could incorporate a mix of high density uses along with a unique transit stop and public space. The development should leverage its proximity to high visitor traffic that attends the Wisconsin Center. The City is also pursuing a federal grant opportunities to extend The Milwaukee Streetcar along N. 4th and 5th streets, connecting this site to the Milwaukee Intermodal Station and the Arena District. The streetcar, bus rapid transit, and bike share could converge on the site for a true transit orientated development opportunity. The City of Milwaukee issued a Request for Proposals seeking development for the site. View the RFP at the following link: http://city.milwaukee.gov/RFP#.V2rOh4f2aUk. More information about all the investment momentum in the West Wisconsin Avenue corridor can be found at www.WisconsinAve.com.

Fee Schedule

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Planning & Policy Documents / Request for Proposals (RFP)

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Technical/Environmental Studies

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Financial/Economic Reports

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General/Comprehensive Plan Designation

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Master Plan/Specific Plan

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Zoning Designation

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Height Limits

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Floor to Area Ratio (FAR)

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Dwelling Units per Acre

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Parking Requirement

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Other Requirement

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Zoned for Preferred Outcomes

Political Support

Community Support

Incentives

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Costs

See the details in the RFP document posted in this site profile.

Infrastructure

The City of Milwaukee is seeking grant funding that would extend the Streetcar north along 4th and 5th streets, creating a true transit-orientated development opportunity.

Transportation

The site is located along Wisconsin Avenue is the main east-west bus transit route in Milwaukee County offering easy access. A future extension of The Milwaukee Streetcar is envisioned to run along 4th & 5th Streets with a station at the site.

Private Investment

The site is across from the Wisconsin Center and directly to the west of the Shops of Grand Avenue, whose new ownership envisions a significant reinvestment to make the property into a mixed use hub of office, retail, entertainment, and residential uses.

Local Development Trends & Market Indicators

In the last 18 months over 500,000 SF of formerly Class B & C office space have been repurposed from more than 400 new apartments a new 150 room Spring Hill Suites hotel.
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401 W Wisconsin Ave, Milwaukee, WI 53203

1.97 acres (85723.09 sqft)
Owner
CITY OF MILW REDEV AUTH
Details
APN: 3610726110
For Sale
Publicly Owned

Contact Matt Dorner

Matt, from Milwaukee Downtown BID #21, has more details.

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Created on November 5th, 2015 (last updated 3 days ago)