Milwaukee County issues RFP for Park East property

Milwaukee County has issued a request for proposals (RFP) for a 100,000-square-foot Park East corridor site along North Milwaukee Street, North Water Street, North Broadway and East Ogden Avenue. Chicago-based RSC & Associates originally planned to develop the block with housing and commercial space, but the company dropped those plans last summer and is still yet to begin construction on an adjacent Park East lot that it purchased from the county.

Milwaukee County is seeking a minimum of $3.2 million for the Park East site for sale in the new RFP.

Proposals must be submitted to the county by Feb. 19.

More information is available at: http://www.county.milwaukee.gov/ParkEastRFPblock2

So far no development has occurred on any of the county’s Park East land, five years after the Park East freeway spur was torn down.

Efforts to attract development to the Park East corridor took a major step backward last week when Dallas-based Gatehouse Capital announced its decision to drop its Milwaukee Hotel Palomar and Residences development proposal that was planned for for the northwest corner of West Juneau Avenue and Old World Third Street in the Park East corridor. The $150 million, 22-story development planned was to include 63 luxury condominiums, a 175-room boutique hotel, a restaurant owned by Food Network star Michael Symon, a nighclub, a spa and fitness center, retail space and a parking structure.

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