Milwaukee Condo & Real Estate Scene

The Business Journal of Milwaukee: Beneath the surface of the Park East corridor - Developers contend with environmental, infrastructure issues

Since the Park East freeway was torn down in the late 1990s, city and county officials, as well as real estate developers have been the target of intense scrutiny and criticism. One of the heated issues is why it is taking so long to develop the Park East corridor.

When real estate investors purchased available parcels in the corridor, they believed the 64 acres were ready for development. Unfortunately, during their archeological digs, what they are uncovering is the reason for the delays. And what they are finding under the surface has resulted in huge expenditures and delays.

The biggest obstacles include foundations to the freeway pillars (which are still intact underneath the land where the freeway once stood), unused Milwaukee Metropolitan Sewerage District sewer lines, and environmental and other infrastructure issues.

Mark Kass, writer for The Business Journal of Milwaukee, introduces the key players in the Park East and identifies their unfortunate surprises. Click here to read what Mandel and Ruvin are finding underground>>>


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Labels: Real Estate

posted by David Ray @ 7:59 PM