Wangard Partners, Inc.

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King Drive building to become VA office

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Article posted April 07, 2014 on JSOnline.com

A local investment group has purchased two neighboring properties on Milwaukee’s King Drive, and will convert one into offices for a federal agency.

The buildings, at 1818 and 1830 N. King Drive, were sold to an affiliate of Wangard Partners Inc. for $525,000, according to state real estate records.

The two-story, 8.900-square-foot office building at 1818 N. King Drive was last used by nonprofit Strive Media Institute Inc., which closed in 2008. The one-story, 4,600-square-foot building at 1830 N. King Drive is the former home of Tri-State Home Improvement Co., which now operates at 8018 W. Capitol Drive.

The larger building will be converted into a Department of Veterans Affairs office, said Burton Metz, a Wangard vice president. The firm doesn’t yet have plans to announce for the other property, he said Monday.

The buildings were sold to 1818 MLK Drive LLC by Chicago-based IFF, a nonprofit community development financial institution, according to state real estate records.

See the full article at JSOnline.com »

MLK Drive building sold for restoration into Veterans Affairs office

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Article posted April 07, 2014 on BizJournals.com

A Wangard Partners Inc. affiliate bought a building on North Martin Luther King Jr. Drive and will renovate it into offices for the U.S. Department of Veterans Affairs.

Wangard, Milwaukee, will use historic tax credits to restore the 1925 building at 1830 N. Martin Luther King Jr. Drive, said Burton Metz, vice president for Milwaukee-based Wangard. It most recently was used as an office, but in the 1920s was a horse and carriage house, he said.

The developer has secured a lease agreement with the VA to establish a new Milwaukee office there, Metz said. The VA will lease the entire 7,500-square-foot building, he said.

See the full article at BizJournals.com »

City agrees to funding for Wangard project

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Wauwatosa has approved $3.3 million in city financing for the cleanup and redevelopment of the former Western Metals site, immediately north of the Grede Foundry, off State Street.

The funding includes almost $1.8 million for environmental cleanup at the site and another $1.5 million to repay the developer, Wangard Partners, for its planned investment in infrastructure.

Wangard has worked for months to win approval for 169 apartments in six buildings at the 9.4-acre site in the 1200 block of North 62nd Street.

Its first proposal, made in July, was rejected by the Plan Commission, and it came back in August with a more urban-looking design that increased the density and better matched its neighbors, such as The Enclave complex nearby.

See the full article at WauwatosaNow.com »

Wangard moves forward with State Street proposal

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A residential development proposal for State Street just west of Walgreens that met a hostile reception at last month’s Plan Commission meeting came back in a radically modified form and was easily approved Monday night. Wangard Partners had proposed a 126-unit apartment complex at the site, comprised of house-like structures with matching rooflines and garage and surface parking. Working with a new architect, Wangard came back with a proposal of higher density — 169 units on the 9.4 acre site — and a mixture of flat and peaked roofs, with more parking hidden. The project, estimated at $24 million, would have four-story, 32- and 58-unit “bookend” buildings that have flat-roof overhangs, balconies and varied materials and depths reminiscent of The Enclave development across the street. “I think this is a 100 percent improvement,” said Alderman Dennis McBride, who is not a member of the commission but represents the district that includes the site. “And I’m very happy to see it.” Read the entire article at WauwatosaNow.com »

Wangard builds for Regal Beloit Corp.

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http://www.youtube.com/watch?v=QdIGPBj8IpU

Regal Beloit Corporation is one of the largest global manufacturers of commercial, industrial, and HVAC electric motors, electric generators and controls, and mechanical motion control products. The company sells its products to a diverse global customer base using more than 30 recognized brand names.

Regal Beloit Corporation needed a new office building that would express their recent corporate rebranding effort and house their International IT Headquarters. Through an efficient design and value- engineering process, the Wangard team was able to design and match the specifications of a new facility to meet the detailed needs of Regal Beloit. The project consists of 45,000 square feet of office space in the Village of Grafton, Wisconsin directly across from their previous building.

Wangard Partners plans $13M industrial project in West Allis

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Wangard Partners Inc. is planning a roughly $13 million industrial project on the former Yellow Freight site in West Allis and has one manufacturer lined up to lease a portion of it.

The Milwaukee-based developer is seeking to buy the 9-acre property from the city of West Allis for the development, which would have two buildings with a combined 167,000 to 180,000 square feet, said Stewart Wangard, chairman and chief executive officer. The project would be built in two phases, with a manufacturer locked in to lease the first building, he said. Wangard declined to name the company.

Read the entire article at BizJournals.com »