Redevelopment projects
In addition to high-quality business parks, we strive to enrich communities through our urban redevelopment projects. Located primarily in areas of Milwaukee, Racine and Kenosha, Wispark’s redevelopment projects help strengthen the economic and social fabric of these communities through quality design, environmental responsibility and business value. The following projects demonstrate the scope and quality of our initiatives:
Milwaukee County, Wisconsin
211 West Wisconsin Avenue — Dramatic $10 million exterior and interior renovation repositioned as first floor as pedestrian-friendly retail space and upper floors as attractive office space in Milwaukee.
Curry Pierce Building — Invested in rehabilitating a historic building for offices at the corner of East Wisconsin Avenue and North Milwaukee Street in downtown Milwaukee.
Drexel Town Square — Transformed an 85-acre-former-manufacturing site in Oak Creek into a mixed-use development including luxury apartments, retail, commercial, wetlands preserve and new civic center.
Eastpointe Commons — Provided financing and investment for development of a retail and residential apartment complex located on city-owned land once designated for a freeway in downtown Milwaukee.
Glenbrook Apartments — Constructed 72 units of affordable housing near Northridge Mall on vacant land in Milwaukee.
Historic King Place Apartments — Invested in rehabilitation of 41 units of housing and some retail facilities on the lower level of a property near Martin Luther King Drive and North Avenue in Milwaukee.
Johnson Square Apartments — Invested in a development at 24th and Wells in Milwaukee that converted boarded up buildings in a blighted neighborhood to 179 apartments.
Lake Bluff Apartments — Invested in a residential development on the last tracts of developable land on Prospect Avenue in Milwaukee.
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Library Hill — Developed apartments and retail on lower level at 8th and Wisconsin Avenue in downtown Milwaukee.
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Matthews Brothers Building — Renovated the building as a mixed-use property located on West Wisconsin Avenue and North 3rd Street in downtown Milwaukee. This west of the river historic building has been beautifully renovated into 31,000 square feet of high-end office space featuring cherry woodwork and large floor-to-ceiling windows.
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Riverworks Partners — Sold former Chrysler plant on Capitol Drive and Richard Street in Milwaukee as industrial land through a Joint Venture with Northeast Milwaukee Redevelopment Corporation.
Sampson Project — Acquired Land on 2nd and Wells in downtown Milwaukee to be held and used for future development.
St. Francis — Assisted We Energies in redeveloping a former utility yard on 140 acres west of South Lake Drive along East Howard Avenue in the City of St. Francis in Milwaukee County. The property is the largest single undeveloped parcel of land remaining in St. Francis. The site borders the famed Seminary Woods, which is designated as a Primary Environmental Corridor, and contains several wetlands. Environmental remediation work maintained the city’s plan for the site to balance preservation of natural assets with high-quality residential and commercial development.
Thompson Meadows — Developed a 100-unit senior housing project in the City of St. Francis in Milwaukee County on land previously used for a school.
Woolworth Building — Provided a loan to Milwaukee Redevelopment Corporation for property located at the Wisconsin Avenue entrance to the Grand Avenue Mall.
Kenosha and Racine counties, Wisconsin
Gaslight Pointe — Formed a joint public and private partnership with the City of Racine to purchase contaminated land and clean it for Racine’s lakefront redevelopment. Redevelopment included creation of a Tax Increment Financing District to fund infrastructure, parking ramp and other public improvements. Project developments included 15 town homes, 52 condominiums, more than 100 boat slips, hotel and restaurant, and One Main Centre office building.
Glenwood Crossings — Along with the State of Wisconsin Investment Board, financed a retail strip mall in Kenosha.
Lincoln School Apartments — Served as asset manager to rehab a historic school building converted for senior housing in Racine until the investment interest was sold.
Meadowood Apartments — Developed a 136-unit affordable housing project at 1387 30th Ave. in Kenosha.
One Main Centre — Developed a 41,544-square-foot, three-story, Class A office building located on the shore of Lake Michigan in Racine as part of the lakefront development project that revitalized the Racine community. Renovation included Gaslight Pointe.
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Windsong Village Apartments — Served as asset manager until investment interest in this 120-unit affordable housing project at 7101 104th Ave. in Kenosha was sold.