JSOnline: Building boom - Office, condo construction mark Third Ward, Walker's Point resurgence
Milwaukee's Historic Third Ward, Fifth Ward, Harbor View, and Walkers Point neighborhoods are experiencing a housing boom - outpacing development activity throughout the rest of the downtown area. And, it's not just housing. These neighborhoods have seen a spike in the commercial real estate industry.The Developments:
* Cityside Plaza (formerly housed Reliable Knitting) - 57 units - $199,000-450,000
* Domus - 61 units - Starting at $425,000 for 1,500 square feet
* First Place on the River (former Terminal Storage Co.) - 152 units - $170,000-2,000,000
* Jackson Square Apartments - 84 units - Starting at $1,300 per month
* Kramer Lofts Apartments (former Kramer International Inc.) - 55 units - Starting at $500 per month
* Pritzlaff Hardware / Hack Furniture buildings - planned multi-use development
* River Renaissance - 82 units - $194,000-689,000
The developer of River Renaissance recently announced that Fratellos Waterfront restaurant is leasing 8,600 square feet of retail space overlooking the river.
Tom Daykin, writer for The Milwaukee Journal Sentinel, provides an in-depth analysis of the developments within these neighborhoods. Click here to read the entire article>>>
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Labels: Real Estate
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