Pleasant prairie spec industrial building
Centerpoint and Wispark joint venture plan to build a 204,387-square-foot speculative industrial building at the southwest corner of state Highway 165 and county Highway H in LakeView Corporate Park in Pleasant Prairie. The 12-acre site is currently vacant. No tenant has been identified.
Retail building at Highway 100 and Mayfair Road sold for $3.2 million
Manhattan Beach,Calif.-based Kawips Delaware Wauwatosa LLC recently purchased the 8,250-square-foot retail building at the northeast corner of Highway 100 and Mayfair Road in Wauwatosa for $3.2 million, according to state records. The building was sold by Angela Fugarino of Brookfield.
Tenants in the building include Qdoba, Peet’s Coffe & Tea, World of Beer and JoJo’s Martini Lounge. The building was constructed in 2004 on a one-acre site. The property has an assessed value of $2.15 million, according to Milwaukee County records.
Kenosha County gets $250,000 WEDC grant for YMCA building redevelopment
The Wisconsin Economic Development Corporation (WEDC) has awarded a $250,000 grant to the Kenosha County to help fund the conversion of a historic YMCA building in downtown Kenosha into apartments. The Community Development Investment Grant will fill the remaining financial gap in the $12.3 million project to transform the landmark YMCA—which was built in 1929 and is now vacant—into a 46-unit apartment building in the heart of Kenosha’s Library Park Historic District. WEDC also has authorized up to $1.994 million in state historic tax credits for the project, a move that will leverage private investment to preserve the property’s historic materials and significance. In addition to the assistance from WEDC, the Wisconsin Housing and Economic Development Authority (WHEDA) is providing $5.1 million in Low-Income Housing Tax Credits for the project over the next 10 years. The redevelopment also is being supported by $300,000 in tax incremental financing from the City of Kenosha. Construction is expected to start this fall on the Residences at Library Park apartments. Developer David Nankin plans to renovate the building into 30 units of affordable housing and 16 units of market rate housing.
Dickey’s BBQ to open Mt. Pleasant location
Dickey’s Barbecue Pit, a quick-service authentic Texas barbecue restaurant, will be opening their eighth franchise location in the state of Wisconsin in the Village of Mount Pleasant. The new location in the Pleasant Pointe Commons which also features a Firehouse Subs, at 6012 Washington Avenue, is 2,000 square-feet and will offer the full Dickey’s menu and catering options. Nathan Powers, of Milwaukee’s Cushman & Wakefield | The Boerke Company, represented the tenant in the lease transaction. Dickey’s will join Firehouse Subs and Polished Nail Boutique, which plans on moving from their current space at 6800 Washington Avenue and expand at Pleasant Pointe Commons. Dickey’s plans on opening in January 2016, a few months after Polished Nail Boutique and Firehouse Subs open in early November 2015.
Container Store to open in September at Mayfair Mall
The Container Store this week announced that its grand opening at Mayfair Mall in Wauwatosa will be held on Saturday, Sept. 12.
Coffee Bean plans Water Street location
The Coffee Bean LLC this week submitted a restaurant license application with the city of Milwaukee for a location at 624 N. Water St.
