{"id":1004050296,"date":"2012-08-31T09:43:26","date_gmt":"2012-08-31T17:43:26","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=66087"},"modified":"2020-04-10T05:27:32","modified_gmt":"2020-04-10T13:27:32","slug":"schlitz-park-to-wrap-30m-redevelopment-by-creating-150-ksf-of-office-space","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/schlitz-park-to-wrap-30m-redevelopment-by-creating-150-ksf-of-office-space\/","title":{"rendered":"Schlitz Park to Wrap $30M Redevelopment By Creating 150 KSF of Office Space"},"content":{"rendered":"

\"\"<\/a>by Adriana Pop, Associate Editor<\/p>\n

Construction on the third and last phase of a $30 million renovation project will begin by the end of this year at Schlitz Park, the 46-acre riverfront office complex near Downtown Milwaukee.<\/p>\n

Preliminary designs for remodeling the property\u2019s long-vacant Executive and Stockhouse buildings were unveiled by Gary Grunau, president of Grucon Group L.L.C., which is redeveloping Schlitz Park. Located on the park\u2019s western end, the buildings will offer a combined 150,000 square feet of office and parking for 600 vehicles when construction is complete in fall 2013.<\/p>\n

The renovation will also create 45,000 square feet of green space through the creation of Brewhouse Square. The park will be developed south of ManpowerGroup\u2019s headquarters on the site of the Brewhouse building, which the developers determined cannot be preserved. Utility re-routing work is underway in preparation for the structure\u2019s removal.<\/p>\n

Leonardo Academy will conduct a sustainability audit of the campus and develop a strategy that will include pursuing LEED building certification. \u201cSchlitz Park has already implemented numerous actions that demonstrate its commitment to making the office complex an energizing force that benefits both their tenants and the surrounding community\u201d, Leonardo Academy President Michael Arny commented. Schlitz Park intends to pursue LEED certification for all renovated buildings on the property.<\/p>\n

In the past year, Schlitz Park has renovated 105,000 square feet of space in three buildings, which has generated considerable leasing activity.\u00a0According to BizTimes Milwaukee<\/em>, only about 26,000 square feet of the 380,000 square feet of office space in the newly upgraded RiverCenter building is vacant. The Bottlehouse buildings have been connected and have a combined 140,000 square feet of space, half of which is vacant. New tenants could be announced soon, Grunau told BizTimes Milwaukee<\/em>.<\/p>\n

Schlitz Park is owned and managed by The Brewery Works, Inc., which represents the\u00a0families that acquired\u00a0the property in 1983. More than\u00a04,300 people work at the site for such tenants as\u00a0ManpowerGroup, and Time Warner.<\/p>\n

Photo credits: www.schlitzpark.com<\/em><\/p>\n

For more market data on Milwaukee, click here<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Construction on the third and last phase of a $30 million renovation project will begin by the end of this year at Schlitz Park, the 46-acre riverfront office complex near Downtown Milwaukee. Preliminary designs for remodeling the property’s long-vacant Executive and Stockhouse buildings were unveiled by Gary Grunau, president of Grucon Group L.L.C., which is redeveloping Schlitz Park. Located on the park’s western end, the buildings will offer a combined 150,000 square feet of office and parking for 600 vehicles when construction is complete in fall 2013.<\/p>\n","protected":false},"author":1269,"featured_media":1004506953,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004050296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest"],"acf":[],"yoast_head":"\nSchlitz Park to Wrap $30M Redevelopment By Creating 150 KSF of Office Space - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/schlitz-park-to-wrap-30m-redevelopment-by-creating-150-ksf-of-office-space\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Schlitz Park to Wrap $30M Redevelopment By Creating 150 KSF of Office Space\" \/>\n<meta property=\"og:description\" content=\"Construction on the third and last phase of a $30 million renovation project will begin by the end of this year at Schlitz Park, the 46-acre riverfront office complex near Downtown Milwaukee. 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