Milwaukee Condo & Real Estate Scene

The Business Journal of Milwaukee: Wisconsin Avenue hotel, retail project takes step forward

Sixteen months ago The Ghazi Company of Charlotte, North Carolina, first proposed a multi-use development for the vacant lot along West Wisconsin Avenue between North Fourth and North Fifth Streets.

Sixteen months later, Ghazi announced their $200 million project called Catalyst. Catalyst is a 31-story proposed hotel, retail and residential development.

As part of this project, Ghazi will also acquire the 700-car Boston Store parking structure from Wispark L.L.C. on the southeast corner of North Fourth and West Michigan streets. They have already agreed to acquire the vacant 2-acre parking lot along West Wisconsin Avenue between North Fourth and North Fifth streets for $1 from the city.

Ghazi Co. has letters of intent from half a dozen restaurants and nightclubs interested in leasing space in the project's 150,000 square feet of retail and entertainment areas. They are also negotiating with more than half a dozen retailers.

In addition to a hotel, retail and entertainment space, Catalyst will also include an estimated 200 units of condominiums and apartments.

Pete Millard, writer for The Business Journal of Milwaukee, writes more about the latest multi-use development in the Westown District. Click here to read more about the Catalyst>>>


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Labels: Real Estate

posted by David Ray @ 8:40 PM