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
67°
H 78° L 59°
Partly Cloudy | 7MPH

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

» Froedtert Health Center considers new location in Greendale 02:28 PM

» South Shore Cinema to feature lounge, pizzeria and leather recliners 10:58 AM

» Good Samaritans help rescue woman in pond from I-43 crash Updated:  5/27

» Village of Greendale takes steps to acquire property for possible veterans memorial site 5/26

» Cedar Hills to celebrate fifth-grade artwork in annual Gallery Night 5/26

» Motorcyclist killed in Hales Corners crash 5/25

» YEA! Greendale student program seeks additional business partners 5/21

» Milwaukee County Historical Society to host Trimborn Heritage Weekend 5/20

» Local police assemble for seat belt enforcement 5/20

» Greendale Marching Band to be featured in Colder's commercial 5/20

» Department of Transportation to update local businesses about South 27th Street construction 5/19

» Oak Creek's historical society begins tour season on Memorial Day 5/18

» Oak Creek High School track now open to public Saturday mornings 5/18

» Company behind Franklin High School's new floor wins national awards for design 5/13

» Let us know about your Memorial Day event 5/13

» Initial Reaction Podcast: Massive overhaul of area conferences could be afoot 5/13

» Heart the City 5K/10K to raise awareness for area homeless 5/13

» Oak Creek Health Department to host anti-drug abuse presentation just for parents 5/12

» Winter's not through with us yet 5/12

» Caterpillar consolidating space, but no layoffs will result 5/11

» Root River Theatre Company presents "Speed-the-Plow" 5/11

» Wauwatosa woman reportedly thwarted in attempt to rob dog grooming shop 5/10

» South Milwaukee Police ask for help locating missing siblings 5/2

» Investigation: Family behind collapsed Falls building has a history of neglecting properties Updated:  5/1

» Spring into Greendale event to be held May 9 4/30

View All Posts Got a tip? Welcome rss

Advertisement

Local Business Directory

Advertisement

CONNECT