{"id":1004079839,"date":"2013-07-08T07:17:07","date_gmt":"2013-07-08T15:17:07","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=145247"},"modified":"2020-05-18T16:38:54","modified_gmt":"2020-05-19T00:38:54","slug":"blue-ribbon-plans-offices-student-housing-in-downtown-milwaukee","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blue-ribbon-plans-offices-student-housing-in-downtown-milwaukee\/","title":{"rendered":"Blue Ribbon Plans Offices, Student Housing in Downtown Milwaukee"},"content":{"rendered":"<p><!--[if gte mso 9]&gt;--><\/p>\n<p><!--[if gte mso 9]&gt;--><\/p>\n<p class=\"MsoNormal\"><em><span lang=\"EN-US\">by Adriana Pop, Associate Editor <\/span><\/em><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Construction is about to begin on two developments in Downtown Milwaukee. According to <em><a href=\"https:\/\/www.biztimes.com\/article\/20130703\/ENEWSLETTERS06\/130709931\/-1\/Real_Estate\" rel=\"nofollow\">BizTimes<\/a><\/em>, Blue Ribbon Management L.L.C. is planning to develop a five-story office facility and an apartment building for international college students on the site of the former Pabst brewery.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Blue Ribbon CEO Tom Gehl told the newspaper that the office project is expected to break ground in August and to be complete in about a year. The 73,100-square-foot building will rise on a vacant lot northeast of North 11th Street and Juneau Avenue. Plans call for 42,000 square feet of office space and two floors of interior parking.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">The student housing facility, known as International House, will  emerge as the redevelopment of the 240,000-square-foot former Bottling House, which is located north of Highland Avenue between 9th and 10th Streets.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">The building will accommodate up to 450 students and will include an area on the first floor dedicated to instruction in English as a second language.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">For the office project, Blue Ribbon Management has obtained funding from EB-5, the  federal program that provides green cards to foreign investors that invest in job-creating projects. Blue Ribbon expects the approval of similar financing for the student housing facility.<\/span><\/p>\n<p class=\"MsoNormal\">In regional news, <em><a href=\"https:\/\/www.biztimes.com\/article\/20130703\/ENEWSLETTERS06\/130709930\/-1\/Real_Estate\" rel=\"nofollow\">BizTimes<\/a><\/em> reports that Cincinnati-based Phillips Edison has acquired the Glenwood Crossings shopping center in Kenosha from Northbrook, Ill.-based Cloverleaf Group. The property traded in an off-market transaction for $12.85 million, or $146.85 per square foot.<\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Built in 1990, the 87,504-square-foot property is located on a 10-acre site southwest of 18th Street and 30th Avenue on the north side of the city. A Pick \u2018n Save grocery store is the center\u2019s anchor tenant. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">\u201cWe\u2019ve had a good experience in Kenosha,\u201d Michael Basofin, president of Cloverleaf Group said. \u201cI can tell you Pick \u2018n Save does very well there. Because of that, it\u2019s an attractive place for stores to locate.\u201d<\/span><\/p>\n<p class=\"MsoNormal\">\n","protected":false},"excerpt":{"rendered":"<p>Construction on two developments in downtown Milwaukee is about to begin. According to BizTimes, Blue Ribbon Management LLC is planning to develop a five-story office facility and an apartment building for international college students at the site of the former Pabst brewery.<\/p>\n","protected":false},"author":1269,"featured_media":0,"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-1004079839","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Blue Ribbon Plans Offices, Student Housing in Downtown Milwaukee - 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\/blue-ribbon-plans-offices-student-housing-in-downtown-milwaukee\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blue Ribbon Plans Offices, Student Housing in Downtown Milwaukee\" \/>\n<meta property=\"og:description\" content=\"Construction on two developments in downtown Milwaukee is about to begin. 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