The Residences on Water

The Residences on Water is beginning to rise out of the ground. The building utilizes a new development method, called the ER Post Structural System, that should allow for the pace of work to dramatically pickup in the coming weeks. This acceleration is possible because this method allows for all-weather erection, has fewer pieces and lets other trades begin work earlier in the process. The $20 million project is being developed by Fort Myers, FL based Development Opportunity Corporation. Once complete it will include a 128-room Staybridge Suites, 31 condo units, ranging in price from $234,000 to $2.3 million of which 8 have been sold so far, and 14,000 square feet of retail space.

I believe this project will have long lasting positive impacts on the Water St district. First it finishes the corner by removing a surface parking lot which adds to the urban fabric. Secondly the new activity created by the residents and hotel guests will continue to fuel neighborhood business. Further this project is clearly connected to Manpower's move to downtown and should support their business travel needs. Overall this is one of the most intriguing projects to watch considering the potential long term affects it will have on Water St. To follow this development I've started a flickr set, The Residences on Water, that I will update with new pictures to keep track of the progress. Articles

Ready to rise

Downtown Staybridge hotel, retail project to finally begin

New Precast Building Product from Spancrete Speeds On-site Construction Time

Sidney Hih Project Moves Forward

The controversial Sidney Hih project , that last summer was turned down for city financing of a TIF, appears to moving forward again. The first indications were the signing of multiple tenants to the project as recently reported in the Bizjournal article "Ruvin recruits Park East tenants". The second significant step forward occurred this morning when the Public Works Committee approved a resolution agreeing to a long term lease with Ruvin Development Inc. of the city's parking garage at 4th and Highland. This is important because Ruvin Development Inc.'s attempts to receive a TIF district revolved around the project's perceived parking needs, so this agreement should allow Ruvin Development Inc. to move forward with the project. Additionally this will create a new revenue stream for the City of Milwaukee and better utilizes a city owned parking structure. I believe these two recent developments are very encouraging signs and that the Sidney Hih project may soon get underway.

To follow this development I've started a flickr set, Sidney Hih that I will update with new pictures to keep track of the progress. Please note currently there's just one photo as no construction has begun.

Articles Ruvin recruits Park East tenants Plans on tap to rejuvenate Gipfel Brewery Billion-dollar building boom Gatehouse Capital and Ruvin Development select Kimpton for Milwaukee boutique hotel opening late 2009