The City of Milwaukee has apparently adopted the strategy of publicly assisting proposed construction/buildout projects so that they will be done or hitting the market in 2011 and beyond, assuming that the recession will be past and demand will have increased by then.
Examples of recently approved projects include:
Tower Automotive Site Industrial Park
http://www.biztimes.com/daily/2009/9/1/council-approves-purchase-of-tower-automotive-site
Reed Street Yards Water Technology Business Park
http://www.jsonline.com/business/54639117.html
The Moderne - Condos/Apartments
http://www.themoderne.net/
Crisp (Restaurant/Retail)
http://www.jsonline.com/blogs/business/59231767.html
Lena's Supermarket on Capitol (on site of former Lena's Supermarket)
The Development Map has been updated to include these developments.
In other development news, St. Johns on the Lake is moving towards breaking ground on its proposed 21 story addition to Milwaukee's "Gold Coast" - albeit this development will be considerably greyer than others.
With 75% of the leases signed and still unable to find the necessary lenders, St. Johns is turning to a bond sale to complete the financing of the project, which is projected to be completed by the end of 2011.
http://www.biztimes.com/realestateweekly/2009/9/16/st-johns-selling-bonds-for-tower-hopes-for-october-groundbreaking
The breaking ground of St. Johns is one more reason that an East Side streetcar loop should extend up to North Avenue.
Saturday, September 19, 2009
Friday, September 18, 2009
Streetcar Route
It appears that the City is moving away from the proposed "Downtown Circulator" route and instead focusing on a more commuter oriented route, attempting to service the densest parts of the city and Downtown.
http://www.jsonline.com/news/milwaukee/59689692.html
I think that this is the correct move and I like to see that they look similar to the proposed streetcar route alternatives that I created a while ago.
http://maps.google.com/maps/ms?client=firefox-a&hl=en&ie=UTF8&msa=0&msid=107292549626428610164.00046349b761eb5a87519&ll=43.044178,-87.887535&spn=0.068624,0.179043&t=h&z=13
My only concern with these is that they don't extend up Prospect/Farwell to North Ave. I really think that that extension of the route is what makes it economically feasible because it actually connects quality, high density housing with downtown (and presumably the jobs that support that housing). These are the people that are most likely to be converted to riders on the route and should be targeted with this starter system. Even in the state of the economy, this area has continued to see development - Latitude (Under Construction), Park Lafyette (still under construction), St. Johns (soon under construction), Transera and an unnamed apartment building (both proposed by New Land).
Looking at the distance, with reference to my streetcar route map, unidirectional track up Prospect and down Farwell is a similar distance of track as the original downtown circulator in bidirectional track. Therefore, I feel that it should be economically feasible to extend the route to North Avenue.
http://www.jsonline.com/news/milwaukee/59689692.html
I think that this is the correct move and I like to see that they look similar to the proposed streetcar route alternatives that I created a while ago.
http://maps.google.com/maps/ms?client=firefox-a&hl=en&ie=UTF8&msa=0&msid=107292549626428610164.00046349b761eb5a87519&ll=43.044178,-87.887535&spn=0.068624,0.179043&t=h&z=13
My only concern with these is that they don't extend up Prospect/Farwell to North Ave. I really think that that extension of the route is what makes it economically feasible because it actually connects quality, high density housing with downtown (and presumably the jobs that support that housing). These are the people that are most likely to be converted to riders on the route and should be targeted with this starter system. Even in the state of the economy, this area has continued to see development - Latitude (Under Construction), Park Lafyette (still under construction), St. Johns (soon under construction), Transera and an unnamed apartment building (both proposed by New Land).
Looking at the distance, with reference to my streetcar route map, unidirectional track up Prospect and down Farwell is a similar distance of track as the original downtown circulator in bidirectional track. Therefore, I feel that it should be economically feasible to extend the route to North Avenue.
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