One surefire way to investment success is knowing the city you own in has growing potential. Milwaukee has always enjoyed reasonably property values and a great population, and the advancements being made to our city promises a wealth of entertainment and educational attractions for any resident. Check out five of the many projects aimed at making Milwaukee a destination.
The Shops of Grand Avenue
This centrally located shopping center has been an untapped resource for over a decade. Ownership has finally transferred back to local groups and the community is dedicated to restoring this center of commerce. Plans center on expanding the usage of the space beyond retail, with educational, event, and entertainment spaces.
Milwaukee Streetcar Project
Ready to bring history and interest to our most walked areas, the streetcar received federal funding in 2012 and construction is slated to begin serving area residents in 2018. The line is intended to supplement the existing bus line and will cover the Third Ward, East Town, and the lower East side with potential for expansion.
The North End
The transformation from a highway spur to a neighborhood by design was spearheaded by the Mandel Group and began in the late 2000’s. The initiative has brought over 200 market rate apartments and thousand of square feet of commercial space. The third phase, located on Pleasant and Water Street will include a Fresh Thyme Farmer’s Market and another 168 apartments, with the fourth phase to close out the project with a final total of 650 new residential apartments.
Lakefront Gateway Project
Located on the shores of beautiful Lake Michigan, Milwaukee and the Lakefront Gateway project aim to improve our access to the lake. The plan seeks to calm traffic and create a ‘sense of arrival’ for drivers on Lincoln Memorial, making it an experience beyond just driving. It also aims to improve pedestrian access to the lake and develop a public plaza in what is currently residual space.
Milwaukee Bucks Arena
The aim is to create a world class sports and entertainment destination in the heart of downtown Milwaukee. Renderings were released last week of the arena that will anchor the complex, spanning over 30 city blocks. The new designs are modern and dramatic, featuring a zinc and glass wrapped exterior and a layout designed for entertainment and ease of travel.
At just a few of the many developments happening in Milwaukee, our lakeside location is sure to be a good investment for years to come.