Santa Ana, Calif.-based Corinthian Colleges Inc. plans to open its first Wisconsin campus in the Park East corridor in downtown Milwaukee.
The college will lease 45,000 square feet of space in the Haymarket Square development, located northwest of North 6th Street and McKinley Avenue. The developer for Haymarket Square is McKinley Avenue LLC, which is seeking up to $11 million in low interest redevelopment revenue bonds through the city of Milwaukee’s Redevelopment Authority, which will consider the proposal on Nov. 19.
The registered agent for McKinely Avenue LLC is Dan Druml, the Milwaukee franchisee for Paul Davis Restoration. Druml could not be reached for comment.
Corinthian Colleges is one of the largest for-profit, post-secondary education companies in North America and focuses on career-oriented students. It has about 93,000 students enrolled in about 90 schools in the U.S. and about 20 schools in Ontario. Corinthian Colleges’ institutions operate under the Everest College and the WyoTech (for automotive training) brand names. The majority of Corinthian’s students are enrolled in associate’s degree or diploma programs, but the schools also offer bachelor’s and master’s degrees. Corinthian Colleges also offers 20 online degrees through Everest College.
Corinthian Colleges is a publicly held company and its shares are traded on NASDAQ under the ticker symbol COCO.
Corinthian Colleges plans to occupy the building in May in time for the beginning of the school year in the fall.
The company has 11,100 employees and would have 35 employees in Milwaukee in the first year and plans to add another 58 employees during the next four years. Salaries range from $25,000 to $53,000 for instructors, administrators and other positions.
Corinthian Colleges will occupy space in the building at 1311 N. 6th Street. Buildings at 623 W. Vliet St. and 1354 N. 7th St. will be renovated. The project will also include the acquisition and renovation of three properties. The building at 724 W. McKinley Ave. will be renovated and steel additions to the structure will be demolished to create space for surface parking. The vacant lot at 1325 N. 7th St. will be used for surface parking. The 10,000-square-foot building at 1322 N. 8th St. will be purchased and leased back to its current owner.
