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Wangard Partners, Inc.

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Apartments proposed at former Wauwatosa industrial site

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A 126-unit apartment development is being proposed at a former Wauwatosa industrial site that’s near other newer apartment communities.

Wangard Partners Inc. wants to develop seven two-story buildings, each with 18 units, on 9.4 acres at 1215 N. 62nd St., formerly the site of a Western Industries facility. The lot is north of Grede Foundry and west of The Enclave apartments, and The Reserve apartments.

Wangard’s market-rate apartments would range from studios to three-bedroom units, according to the proposal. It would cost $18.9 million to develop, and financing would include $2.53 million in city funds.

Read the entire article at JSOnline.com »

BizTimes Bubbler Executive of the Week: Wayne Wiertzema

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What was the smartest thing your company did in the past year?
“Staying focused on our core competencies and a logical plan to move the company forward. It’s easy to get distracted or excited about opportunities that seem really attractive. Staying focused on our development objectives and superior management of our buildings allows us to deliver consistent results for partners and investors.”

What’s new at your company?
“There’s always something new. We continually look at new development opportunities and new ways to improve our perspective and how we look at things. We spend extensive time on research for each opportunity and use that information to bring innovation and something new to each of our projects.”

Read the entire article at BizTimes.com »

Demand from young professionals drives downtown apartment development boom

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Several apartment developments have either been completed recently, are under construction or are in the planning stages in downtown Milwaukee, the East Side and the Historic Third Ward.

Developers say young professionals in the so-called Echo Boom generation, highly interested in living in urban areas and resistant to home ownership, are providing the biggest source of demand for the new apartments. Most of those developers are expressing confidence that demand for downtown area apartments will remain strong for several years and that the planned apartment developments will be filled by tenants.

“Our studies have shown that there’s a sustained demand for the next several years for several hundred units a year that could be absorbed into the market,” said Wayne Wiertzema, executive vice president of Wangard Partners.

Read the entire article at BizTimes.com »

Talent and vision guide Wangard Partners

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At a time when many developers are struggling to complete projects, Wangard Partners Inc. is growing its portfolio.

From building the new 1910 On the Water apartment project in Milwaukee to redeveloping the former Downer Garage into a strip mall on Milwaukee’s North Avenue, the company is getting projects done.

“Stewart (Wangard) is straightforward and doesn’t dance around when it comes to a project,” said Rocky Marcoux, commissioner for the Milwaukee Department of City Development. “He’s all about how everyone can work together to meet the goals.”

Read the entire article at The Daily Reporter »

Connections and coastal views contemplated on new lakefront site

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Stewart Wangard, chairman and chief executive officer of Wangard Partners Inc., said linking the future building is vital to its success. Views of the lake are important, he said, but integrating people in the new building with the rest of Milwaukee is more important.

That means passing folks from other businesses in the sidewalk, through skywalks or at nearby restaurants, Wangard said. Those meetings are the stuff that makes real business networking.

“Commerce does not function in isolation,” Wangard said. “Those interactions occur every day in Milwaukee. It’s only going to occur when you are running into other people.”

Read the entire article at The Business Journal »

Tony DeRosa: 40 Under 40

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Two years into working full time at Wangard Partners Inc., Tony DeRosa stood at a crossroad.

It was 2005 and DeRosa had planned to go back to college to get his master’s degree in real estate, a necessary achievement to land jobs with larger, national companies. But DeRosa reconsidered, given everything he was learning from working with Stewart Wangard, founder of Wangard Partners, Milwaukee.

Read the entire article at The Business Journal »