The Business Journal of Milwaukee: Downtown condo market closing in on $1 billion
No End In Sight?If you were to talk to a real estate developer about the current state of the downtown condominium market, you will hear a tale of optimism. If you were to talk to my clients who are trying to sell their condominium, you will hear an entire different story. How can two individuals speak so differently about the same marketplace?
Real estate developers will have you believe that there is no end in sight to the condominium craze. In fact, one developer predicts that Milwaukee can sustain another 15 years of residential development.
The fact is new construction continues to dominate this market. It comes down to one basic question - Why would a buyer pay for an existing condominium when he or she can purchase a brand new condominium for the same price? This is certainly a valid question - which many sellers are struggling to accept.
In The NumbersSince the Park East Redevelopment Corridor was introduced, developers have proposed 11 projects which will add more than 1,000 condominium units to this newly-developed area.
Since 2000, developers have constructed or renovated 55 condo buildings that added more than 1,500 single-family residences.
Currently, 20 condominium buildings are under construction that will add 1,486 residences.
In addition, 12 developments have received city approval and are expected to break ground in late 2006 or 2007 that will add another 1,496 condo units.
City planners estimate the value of the condominiums completed, under construction and planned for downtown is more than $1 billion.
Pete Millard, writer for The Business Journal of Milwaukee, describes the future of downtown Milwaukee's condominium craze.
Click here to read the entire article>>>
Featured Properties
Western Leather LoftsSpecial Offer:Two years of condominium dues – FREE! (Over $9,000 in Savings!!)
Unit Features:- Spacious, open-concept, townhouse-style (two-story) unit
- 2 bedrooms plus lofted space (den or third bedroom)
- 1-1/2 baths (whirlpool tub, heated towel rack)
- Appliances included (oven/range, microwave, refrigerator, dishwasher, and disposal)
- In-unit laundry (full-size stackable washer and dryer included)
- 2 indoor, assigned parking spaces - 1 outdoor, assigned parking space
- Lots of storage and closet space
- Central vacuum system
- Central air (wall sleeve)
- Heat included in condo dues (plus water and sewer charges)
- Pet-friendly association (no restrictions)
For more information, call Shorewest Realtor's 24-Hour Hotline at (262) 814-1400. Pin# 60534 or
view pictures and the property sheet here>>>
UrbanViewSpecial Offers:- One indoor parking space included in price
- Second parking space is available to purchase for $10,000
- You choose your faucets and fixtures
Floor Plans and Pricing- Six different floor plans to choose from (ranging from 1,136 to 1,595 square feet)
- Two-bedroom floor plans start at $214,900
Unit Features:- Stainless steel appliances (oven/range, microwave, refrigerator, and dishwasher)
- Maple wood finishes (hardwood floors in great room and cabinets in kitchen, bathroom)
- Ceramic tile floors in bathroom
- Granite countertops in bathroom (upgrade is available for kitchen countertops)
- In-unit washer and dryer
- Private balconies
- Expansive windows offering city views and plenty of sunlight
- Nine to 18-foot ceilings
- Large walk-in closets
- Pet-friendly association (2 cats and/or one dog)
Click here to read more about this exciting new development located within a short walk of Bay View's eclectic boutiques, fine restaurants, and nightlife>>>
Happy Holidays...plus other downtown Milwaukee events
Milwaukee Holiday Lights Festival (Downtown Milwaukee): November 16 - January 7Locations: Cathedral Square Park, Pere Marquette Park, and Zeidler Union Square
Be a part of this year's tree lighting ceremony on Thursday, November 16 at 4:30pm in Red Arrow Park. Afterwards, the party moves to Pere Marquette Park for the "Holiday Kick-Off Extravaganza" at 6pm.
Click here for more information about this magical event>>>East Town Holiday Trees (East Town): November 16 - December 31Fifty wooden trees will be scattered throughout the streets of East Town at retailers, restaurants, salons, banks, and many other businesses.
Click here for a list of tree locations>>>18th Annual Christmas In The Ward (Third Ward): December 1-2Location: North Broadway and Catalano Square
Friday, December 1 - 5-9pm
Saturday, December 2 - 11am-4pm
Click here for a schedule of events>>>Here's What Else Is Happening In Downtown MilwaukeeChristmas
- Milwaukee Holiday Parade (Downtown Milwaukee): November 18
- Holiday Gift Fair (Discovery World at Pier Wisconsin): November 19
- Gingerbread Workshop (Betty Brinn Children's Museum): November 24
- Deco the Halls (Ambassador Hotel): November 28
Comedy- Jerry Seinfeld (Milwaukee Theatre): November 17
- Bob Saget (Riverside Theater): December 1
- A Very Merry McGivern (Off-Broadway Theatre): December 19-31
Film- A Christmas Carol (Charles Allis Art Museum): November 22
Fundraisers- Gold Heart Gala (Wyndham Milwaukee Center Hotel): November 18
- Festival of Trees Gala (Hyatt Regency Milwaukee): December 7
Music
- Una Van Duvall (Barclay Gallery & Garden Café): Through December 21
- Patty Larkin (Shank Hall): November 17
- My Valkyrie (Points East Pub): November 17
- Hounds Tooth (Rip Tide Seafood Bar & Grill): November 17
- Cannibal Corpse (The Rave): November 18
- Ladies Night featuring Ne-Yo (Riverside Theater): November 18
- Mike Brumm (The Wicked Hop): November 18
- Papa Roach (The Rave): November 20
- Brian Setzer Orchestra (Potawatomi Bingo Casino): November 20
- Bo Deans (Potawatomi Bingo Casino): November 21-24
- My Morning Jacket with Wa Fang (Riverside Theater): November 21
- Ian Gould (Mo’s Irish Pub): November 22
- The New Cars (Riverside Theater): November 25
- Death Cab For Cutie (The Rave): November 26
- Sepultura (The Rave): November 28
- Brule and AIRO (Marcus Center for the Performing Arts): November 28
- The Black Keys (The Rave): November 28
- Guns N' Roses (Bradley Center): November 29
- Holiday Pajama Jamboree (Marcus Center for the Performing Arts): November 29
- Expose (Potawatomi Bingo Casino): November 29
- Peter White Christmas (Potawatomi Bingo Casino): November 30
- Martina McBride "The Joy of Christmas" (Bradley Center): December 3
- Prometheus Trio Concert (Wisconsin Conservatory of Music): Dec. 4
- Boston Pops Esplanade Orchestra (Milwaukee Theatre): December 6
- Ian Gould (The Irish Pub): December 8
- The Pugilists (Points East Pub): December 8
- Ian Gould (Pieces of Eight): December 9
- Dave & Carole-ing (Riverside Theater): December 10
- Joe Bonamassa (Shank Hall): December 12
- Ian Gould (Pieces of Eight): December 16
- Lorie Line 2006 Holiday Tour (Milwaukee Theater): December 20
- Ian Gould (County Clare): December 23
- Trans-Siberian Orchestra (Bradley Center): December 28
- Daryl Stuermer (Shank Hall): December 29
- Cake (Riverside Theater): December 31
Sporting Events
- Marquette Men's Basketball (Bradley Center): November 18
- Milwaukee Bucks (Bradley Center): November 18
- Milwaukee Wave (US Cellular Arena): November 18
- Marquette Women's Basketball (Al McGuire Center): November 20
- Milwaukee Admirals (Bradley Center): November 21
- Milwaukee Bucks (Bradley Center): November 22
- UWM Men's Basketball (US Cellular Arena): November 22
- Milwaukee Bucks (Bradley Center): November 25
- Marquette Blue & Gold Classic (Bradley Center): December 1-2
- Milwaukee Bucks (Bradley Center): December 6
- Milwaukee Bucks (Bradley Center): December 8
- Milwaukee Bucks (Bradley Center): December 12
- Milwaukee Admirals (Bradley Center): December 13
- Milwaukee Bucks (Bradley Center): December 16
- Milwaukee Admirals (Bradley Center): December 17
- Milwaukee Bucks (Bradley Center): December 20
- Milwaukee Bucks (Bradley Center): December 23
- Milwaukee Admirals (Bradley Center): December 26
- Milwaukee Admirals (Bradley Center): December 29
- Milwaukee Bucks (Bradley Center): December 30
Theater
- A Clockwork Orange (Off The Wall Theatre): November 16-26
- Mercy of a Storm (Next Act Theatre): November 16 - December 17
- Mamma Mia (Marcus Center for the Performing Arts): November 21-26
- Dickens in America (Broadway Theatre Center): Nov. 22 – Dec. 17
- A Christmas Carol (Pabst Theater): November 24
- A Cudahy Caroler Christmas (Marcus Center for the Performing Arts): November 24
- Born Yesterday (Milwaukee Repertory Theater): November 29
- Holiday Punch (Off The Wall Theatre): December 14-31
- The Nutcracker (Marcus Center for the Performing Arts): Dec. 15-29
- A Christmas Carol (Pabst Theater): December 24
- Translations (Milwaukee Repertory Theater): January 10
- They Came From Way Out There (Milwaukee Repertory Theater): Jan. 12
Visual Arts
- Treasures from Zimbabwe- African Shona Stone Sculpture (David Barnett Gallery): Through December 30
- Biedermeier: The Invention of Simplicity (Milwaukee Art Museum): Through January 1
- In Living Color (Milwaukee Art Museum): Through January 7
- Ornaments & Adornments (Milwaukee Art Museum): November 18-19
- Making It For Real/MIAD Industrial Design Alumni Exhibition (Milwaukee Institute of Art & Design): November 28 – March 10
- Select Continuing Education Student Exhibition (Milwaukee Institute of Art & Design): December 1
