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| Wauwatosa Mayor Kathleen Ehley |
CHICAGO, IL and MILWAUKEE, WI — HSA
Commercial Real Estate, a Chicago-based full-service real estate
firm, and the city of Wauwatosa, Wis., jointly announce the approval of the
terms of a development agreement that will facilitate the demolition of
existing warehouse buildings and installation of additional infrastructure
improvements necessary for future phases of The
Mayfair Collection.
The terms of the development agreement outline and provide
infrastructure support for the creation of seven development pad sites, which
can accommodate up to 750 additional residential units and 360,000 square feet
of corporate office space.
Developed by HSA Commercial, the 69-acre mixed-use project at U.S. Highway
41/45 and Burleigh Street in the Milwaukee suburb most recently added a
146-room Hilton Homewood Suites and 269-unit luxury apartment building called Synergy
at The Mayfair Collection, both located adjacent to more than
500,000 square feet of retail anchored by Whole Foods Market and Nordstrom
Rack.
“We have always shared a vision with the city of Wauwatosa to transform
the ‘Burleigh Triangle’ from an underutilized warehouse complex into a vibrant,
dense and walkable mixed-use community,” said Tim Blum, executive vice
president with HSA Commercial Real Estate.
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| Tim Blum |
“With the support of
city leadership and staff, we’ve gone a long way in terms of achieving that
vision through the opening of the initial retail, hospitality and apartment
components; but this development agreement offers the roadmap to completely
fulfill that common goal over the next several years.”
Wauwatosa Mayor Kathleen Ehley said, “The Mayfair Collection
development in Wauwatosa has been very successful. We are pleased to support
the future expansion of this project and add more residents and employees to
one of our most vibrant mixed-use developments.”
Specifically, the terms of the agreement provide for the demolition and
environmental remediation of the remaining warehouse buildings on the interior
of the 69-acre site as well as the extension of roads and infrastructure
necessary to support the development of future residential and office
buildings.
Demolition and site work are scheduled to begin this summer, with the
pad-ready development sites available as soon as spring 2020.
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| Rendering of planned Mayfair Collection development at U.S. Highway 41/45 and Burleigh Street, Wauwatosa, WI |
“We believe we have positioned ourselves well to execute the future
residential and office phases by building and curating a mix of retail and
restaurants that will be attractive to residents and corporate users that want
to be part of a true live-work-play community,” said Blum.
“Imagine being able to step out of the door of your
apartment or office and walk just steps to Whole Foods or to a great local
restaurant without ever having to get in your car. That will soon be the
reality for hundreds of new residents and office workers at The Mayfair
Collection.”
CONTACTS:
Rebecca Boykin, rboykin@taylorjohnson.com,
(312) 267-4523
Abe Tekippe, atekippe@taylorjohnson.com,
(312) 267-4528
