{"id":1004087448,"date":"2013-10-13T13:23:14","date_gmt":"2013-10-13T21:23:14","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=196958"},"modified":"2020-05-18T12:19:48","modified_gmt":"2020-05-18T20:19:48","slug":"wangard-breaks-ground-on-phase-1-of-m-f-project-in-park-east","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/wangard-breaks-ground-on-phase-1-of-m-f-project-in-park-east\/","title":{"rendered":"Wangard Breaks Ground on Phase 1 of M-F Project in Park East"},"content":{"rendered":"<p><!--[if gte mso 9]><xml><\/p>\n\n\n\n\n<p><o:OfficeDocumentSettings><\/p>\n\n\n\n\n<p><o:AllowPNG\/><\/p>\n\n\n\n\n<p><\/o:OfficeDocumentSettings><\/p>\n\n\n\n\n<p><\/xml><![endif]--><\/p>\n<p><!--[if gte mso 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Definitions *\/<\/p>\n\n\n\n\n<p>table.MsoNormalTable<\/p>\n\n\n\n\n<p>{mso-style-name:\"Table Normal\";<\/p>\n\n\n\n\n<p>mso-tstyle-rowband-size:0;<\/p>\n\n\n\n\n<p>mso-tstyle-colband-size:0;<\/p>\n\n\n\n\n<p>mso-style-noshow:yes;<\/p>\n\n\n\n\n<p>mso-style-priority:99;<\/p>\n\n\n\n\n<p>mso-style-parent:\"\";<\/p>\n\n\n\n\n<p>mso-padding-alt:0cm 5.4pt 0cm 5.4pt;<\/p>\n\n\n\n\n<p>mso-para-margin-top:0cm;<\/p>\n\n\n\n\n<p>mso-para-margin-right:0cm;<\/p>\n\n\n\n\n<p>mso-para-margin-bottom:10.0pt;<\/p>\n\n\n\n\n<p>mso-para-margin-left:0cm;<\/p>\n\n\n\n\n<p>line-height:115%;<\/p>\n\n\n\n\n<p>mso-pagination:widow-orphan;<\/p>\n\n\n\n\n<p>font-size:11.0pt;<\/p>\n\n\n\n\n<p>font-family:\"Calibri\",\"sans-serif\";<\/p>\n\n\n\n\n<p>mso-ascii-font-family:Calibri;<\/p>\n\n\n\n\n<p>mso-ascii-theme-font:minor-latin;<\/p>\n\n\n\n\n<p>mso-hansi-font-family:Calibri;<\/p>\n\n\n\n\n<p>mso-hansi-theme-font:minor-latin;<\/p>\n\n\n\n\n<p>mso-fareast-language:EN-US;}<\/p>\n\n\n<\/style>\n\n\n\n\n<p><![endif]--><\/p>\n<p class=\"MsoNormal\"><em style=\"mso-bidi-font-style: normal;\"><span lang=\"EN-US\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/10\/Park-East-apartment-development-by-Wangard.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-196961\" title=\"Park East apartment development by Wangard\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/10\/Park-East-apartment-development-by-Wangard.jpg\" alt=\"\" width=\"300\" height=\"243\" \/><\/a>by Adriana Pop, Associate Editor <\/span><\/em><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Wangard Partners Inc. has begun construction on a three-phase apartment project in downtown Milwaukee&#8217;s Park East corridor. According to <a href=\"https:\/\/www.jsonline.com\/business\/work-to-begin-at-park-east-development-site-b99110772z1-226052691.html\" rel=\"nofollow\" >JSOnline<\/a>, the project&#8217;s first phase is a $21 million, 104-unit apartment complex at the southwest corner of North Jefferson and East Lyon streets. The project will also include 7,000 square feet of commercial space and an underground parking structure.<\/span><\/p>\n<p><a href=\"https:\/\/www.biztimes.com\/article\/20131003\/ENEWSLETTERS02\/131009925\/-1\/Real_Estate\" rel=\"nofollow\">BizTimes<\/a> reports that Wauwatosa-based Wangard recently purchased the 1.25-acre block from RSC &amp; Associates for $1.5 million. The Oak Park, Ill.-based company had also planned to develop apartments at the site, which it acquired from Milwaukee County in 2007, but was unable to obtain financing. Originally known as Park East Square, the project has been renamed Avenir by Wangard.<\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Wangard expects to complete the project&#8217;s initial phase by next fall. The complex will offer studios, one-bedroom and two-bedroom units, with rents ranging from $1,200 to $2,000 per month. According to Stewart Wangard, the company\u2019s chairman and chief executive officer, and Tony DeRosa, vice president of development, construction will be financed through loans from Associated Bank and The Private Bank. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Avenir&#8217;s second phase will consist of a five-story, 95-unit apartment building on Milwaukee Street, while plans for the third phase are pending. <span style=\"mso-spacerun: yes;\"> <\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">In Milwaukee&#8217;s Walker&#8217;s Point neighborhood, <\/span><span lang=\"EN-US\">Wangard is planning a mixed-use development that would include approximately 60,000 square feet of retail space, 60,000 square feet of office space and 60 apartments. According to <a href=\"https:\/\/www.biztimes.com\/article\/20131002\/ENEWSLETTERS06\/131009957\/-1\/Real_Estate\" rel=\"nofollow\">BizTimes<\/a>, the company has an option to purchase a vacant 8-acre parcel for the site, and is currently conducting due diligence for the project.<\/span><\/p>\n<p class=\"MsoNormal\"><em style=\"mso-bidi-font-style: normal;\"><span lang=\"EN-US\">Photo: www.wangard.com<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wangard Partners Inc. has broken ground on the first project of a three-phase apartment development in downtown Milwaukee. According to JSOnline, the Wauwatosa-based real estate firm is building a 104-unit apartment complex in the city&rsquo;s Park East corridor. The $21 million investment will also include 7,000 square feet of commercial space and an underground parking structure.<\/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":[1596],"class_list":["post-1004087448","post","type-post","status-publish","format-standard","hentry","category-latest","tag-milwaukee"],"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>Wangard Breaks Ground on Phase 1 of M-F Project in Park East - 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\/wangard-breaks-ground-on-phase-1-of-m-f-project-in-park-east\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wangard Breaks Ground on Phase 1 of M-F Project in Park East\" \/>\n<meta property=\"og:description\" content=\"Wangard Partners Inc. has broken ground on the first project of a three-phase apartment development in downtown Milwaukee. 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