Milwaukee-based commercial real estate firm Irgens will hold a groundbreaking ceremony on Thursday, July 9, to celebrate the start of construction of The Corridor, a 66-acre mixed use development project at the former Ruby Farm site in Brookfield.
The site is located west of Calhoun Road between I-94 and Bluemound Road. Irgens acquired the site for about $10 million in 2013 and is ready to begin a $153 million development project. Site work began recently.
The project is split into three sections. The northern section along Bluemound Road is retail focused. Irgens has a signed lease for a 50,000-square-foot Dick’s Sporting Goods store and is negotiating leases with two other mid-box tenants.
The middle section of The Corridor will have a wellness/health care and hospitality focus. Irgens said the firm is talking to “several” health care and wellness users interested in operating a fitness facility there. The firm also has a tentative deal with a hotel developer for The Corridor.
The southern portion of The Corridor, located along I-94, is the office portion of the project. That part of the project could have up to three office buildings. The first office building that Irgens is marketing at The Corridor would be a six-story building with about 175,000 square feet of space. It will be the first new class A suburban office space added in the western suburbs in more than 10 years.