NOW:53207:USA00949
http://widgets.journalinteractive.com/cache/JIResponseCacher.ashx?duration=5&url=http%3A%2F%2Fdata.wp.myweather.net%2FeWxII%2F%3Fdata%3D*USA00949
63°
H 63° L 63°
Cloudy | 12MPH

Wangard Breaks Ground on New Apartment Development in Park East Corridor

Nov. 13, 2013

Wangard held an official groundbreaking ceremony at 1477 N. Jefferson St. for Avenir apartments, a 104-unit residential community that is the first development in the Park East Corridor since Milwaukee County began selling the land six years ago.

Wangard CEO Stewart Wangard, Milwaukee Mayor Tom Barrett, Milwaukee County Executive Chris Abele, and Milwaukee Alderman Nic Kovac spoke at the ceremony and Wisconsin Economic Development Corporation (WEDC) Account Manager Kathryn Berger spoke on behalf of COO and Deputy Secretary Ryan Murray.

“As the rental market in downtown Milwaukee expands, residents are looking for environmentally sound facilities and more contemporary amenities” said Wangard. “We are excited to meet that demand by bringing Avenir to the Park East Corridor.”

Avenir, which is French for “future,” is specially designed with eco-friendly amenities that young professionals of the millennial generation demand such as a location in a walkable community, and close proximity to vibrant nightlife, mass transit and convenient shopping. The property will also include 7,000 additional square feet of retail space, a rooftop terrace for entertaining and gathering and underground parking.

“Avenir will be an exceptional addition not only to the Park East neighborhood, but to the entire Milwaukee community,” said Barrett. “This project is catalytic for spurring additional developments and jobs in the area, and is one of the many reasons we’re continuing to attract even more vibrant, young professionals to live, work and play in our city.”

Residential development projects like Avenir are crucial for large companies in Milwaukee to attract and retain members of the millennial workforce, especially in light of major developments like Northwestern Mutual’s new office tower which will bring 2,000 additional jobs to downtown Milwaukee.

“Now more than ever, real estate development is key to the economic vitality of the greater Milwaukee area,” said Murray. “A dynamic and attractive central business district needs high quality housing choices for its occupants, and Avenir meets that need.”
Avenir apartments are expected to open in September 2014.

About Wangard
Wangard is an award-winning, real estate development company, headquartered in Milwaukee, which specializes in sustainable multi-family development, retail, industrial, and office nationwide. Wangard has the capabilities to conceive, plan, manage, finance and construct development projects efficiently and cost effectively. Through implementation of energy-efficient practices, and innovative environmental strategies, Wangard is guided towards environmental stewardship and social responsibility. The company’s portfolio includes numerous successful projects that have been recognized and awarded by various industry groups.

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.

Suburban News Roundup

E-mail Newsletter

Your link to the biggest stories in the suburbs delivered Thursday mornings.


Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter
Get the Newsletter!

Login or Register to manage all your newsletter preferences.

Community Watch

» Franklin girls third, Oak Creek fourth at Mukwonago track meet 4/18

» Oak Creek boys second, Franklin fifth at Mukwonago track meet 4/18

» Oak Creek Mayor Scaffidi to host 'State of the City' chat via Twitter tonight 4/16

» Sikhs in Washington honor Officer Brian Murphy 4/16

» Whitnall hires new varsity football coach 4/10

» Man calls police, is arrested after punching officer in head 4/10

» The Rock baseball stadium proposal strikes out, for now, in Franklin 4/9

» Oak Creek-Franklin School District weighs teacher merit pay 4/9

» Cash donations for funeral taken from Oak Creek home 4/9

» Man injured, arrested after police standoff in Cudahy Updated:  4/4

» Plan to use taxpayer money for minor league ballpark in Franklin appears dead 4/2

» Man carrying knives upset restaurant wouldn't serve him alcohol 3/31

» Man tells police that escort tried to leave before hour was up 3/28

» Oak Creek resident finds hand grenades in attic 3/26

» Maple Sugar Weekend opens Saturday at Wehr Nature Center 3/25

» Oak Creek Franklin School District approves new teacher compensation structure 3/25

» St. Francis High School to reopen Wednesday after bomb threat Updated:  3/25

» Oak Creek celebrates girls state basketball championship Updated:  3/24

» Oak Creek dominant in winning first state championship 3/22

» Oak Creek girls to play for state title after 46-40 OT win over Kimberly 3/21

» Oak Creek Assembly of God to screen ‘Waking In Oak Creek’ on April 3 3/21

» 'Sole Sisters' running club to hold expo April 5 3/21

» Woman arrested for drunken driving after nodding off in Taco Bell drive-thru 3/21

» Franklin man dies in Upper Michigan snowmobile crash 3/21

» Greendale police look for missing man 3/18

View All Posts Got a tip? Welcome rss

Local Business Directory

Deal Watch - Milwaukee

Milwaukee's Best Discounts & Deals

CONNECT