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Park East Corridor |
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Message from Mayor Tom Barrett:
I invite you to learn more about the Park East
Corridor, a stretch of development opportunity made possible through the removal
of a freeway spur and significant public investment to prepare the area for
redevelopment. The Park East plan outlines plenty of room for residential,
office, retail and entertainment uses within this extension of our downtown.
Each new development will enhance Milwaukee’s ongoing renaissance as well as
contribute towards our local economy. Check our website often for the latest
‘buzz’ on this corridor of opportunity.
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The
Park East Corridor consists of over 60 acres, 24 of which
are prime sites for redevelopment. The properties are
located within the Milwaukee Downtown, in close proximity
to the Milwaukee River. Milwaukee County owns 16 acres and
is currently selling their properties through a Request
for Proposal (RFP) process.
For more information on available land, please
contact
Craig Dillman,
Milwaukee County Economic Development.
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Riverfront hotel under construction
 Site
preparation work has begun on the development of the $27
million, five-story Aloft Hotel project in the Park East
Corridor.
Excavation at the site located along the Milwaukee River
and just north of East Juneau Avenue has begun. The $27
million, five-story Aloft Hotel project in the Park East
Corridor is being developed by partnership Milwaukee
River Hotel LLC and is expected to create about 75
permanent jobs. The hotel is expected to open in
2009.
The City of Milwaukee is working with the development team
to add a river walk segment, dock wall, public plaza and
street improvements as part of the project, using
approximately $1 million in tax incremental financing. The
Aloft Hotel, a Starwood Hotels and Resorts Worldwide Inc.
brand, has also been assisted by US Bank, the Wisconsin
Department of Commerce, and the Wisconsin Housing and
Economic Development Authority.
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Park
East’s northern gateway taking shape
The Park East’s gateway to the north is visibly
transformed with the completion of the Flatiron, the
ongoing construction of The North End development and the
placement of the North End Water Tower, along with
construction of a new public plaza at the
intersection of Water and Pleasant Streets. The historic
water tower structure once served the former Pfister &
Vogel tannery, which stood on a 7-acre site along N. Water
Street. The 44,000 pound structure was preserved and
painted to mark the new development rising from the
tannery site.
 The North End, a
$175 million project, will develop in phases over the
next 5-7 years and is expected to become a neighborhood
within itself with a variety of housing options and
supportive retail services. Construction began in 2008 on phase one: a 5-story apartment building
featuring 83 apartments and 12,000 square feet of first
floor neighborhood retail (Block 24 on the Park East map).
Construction of phase two is planned to begin later this year
(Block 23) and will consist of two 5-story apartment
buildings that offer 130-160 apartments, a new RiverWalk
segment, public plaza, and new road. |
Explore
recent and proposed developments
Click on the Park East map;
Flash required; updated
Sept 08
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Interested in Park East development? |
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Email
ParkEast@milwaukee.gov
Or call Allison
Rozek,
Project Manager
414.286.5693 |
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