Interstate Partners LLC has submitted preliminary plans to build a two-story, 25,352-square-foot speculative office building south of Watertown Road between Highway 164 and Highway F in the City of Pewaukee.
The building, designed by Waukesha-based JAKnetter Architects, could be expanded later with a two-story, 20,200-square-foot addition, accoding to the plans submitted to the city.
The Waukesha/Pewaukee office submarket had positive absorption of 23,683 square feet of space and a vacancy rate of 14.3 percent during the second quarter, according to the latest report from Xceligent and the Commercial Association of Realtors Wisconsin.
The City of Pewaukee Plan Commission will review the preliminary plans for the building on Thursday.
The commission will also review a proposal be Brookfield-based 2000 Development, which plans to build a 130,000-square-foot industrial building northeast of Watertown Road and Commerce Circle. Those plans were first revealed last year.
