Mixed-Use Commercial Real Estate Development Project
Wangard Partners Inc. completed a new mixed-use commercial real estate development in Milwaukee’s Fifth Ward/Walker’s Point neighborhood.
The Freshwater Plaza mixed use retail development includes:
A 46,280 SF Cermak Fresh Market
Four-story mixed-use building – 16,645 SF retail and three floors of apartments (76-units)
Future 45,600 SF retail building with 80-units available for lease and parking
Sherwin Williams on north outlot and retail space available for lease on the south outlot
Formerly the location of an industrial foundry, Freshwater Plaza is adjacent to the inner harbor, located between Rockwell International and the rail corridor. The redevelopment is a neighbor to the UWM School of Freshwater Sciences. Freshwater Plaza is a catalyst for the neighborhood. Cermak Fresh Market provides high quality shopping and local flair in a food desert. Wangard worked with numerous Federal, State and local authorizes having jurisdiction including the Inner Harbor District, Walker’s Point Association and the Wisconsin Hispanic Chamber of Commerce to make this redevelopment possible. As an advocate for sustainable development, this real estate redevelopment project, which allowed for the clean-up of a brownfield site, was particularly important to our mission of improving the landscape of Milwaukee.
The pet-friendly Freshwater Apartments are designed to offer luxury apartment homes within a lively commercial district known for its harbor views, industry and culture. The building has an urban appeal with contemporary aesthetics.
This award-winning development has been recognized by the Commercial Association of Real Estate Wisconsin (CARW), The Milwaukee Business Journal, The Daily Reporter, Wisconsin Commercial Real Estate for Women (WCREW), as well as the Apartment of Owners and Managers Association (AOMA) as a community catalyst with the following awards:
Commercial Real Estate Award
Top Project Award
Best On-Site Apartment Property Manager of the Year
Impact Ingenuity Award
- SIZE: 159,500 SF
- STATUS: Retail Lease-Up
- TOTAL DEVELOPMENT COST: $47M