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.
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