Wangard Partners Inc. has proposed a new mixed-use development in the Fifth Ward/Walker’s Point neighborhood area. Freshwater Plaza’s potential development phases include:
- PH. 1 – 46,280 SF Cermak Fresh Market
- PH. 2 – 6,600 SF of retail including a potential financial institution building and two additional retail buildings
- PH. 3 – L-shaped, four-story mixed-use building – 16.645 SF of commercial space and three floors of apartments
- PH. 4 – A future 50,000 SF Office building with parking structure
Freshwater Plaza is adjacent to the inner harbor, located between Rockwell and the rail corridor. Due to its former uses, the property has been identified as a brownfield site. The development will be the gateway to the UWM School of Freshwater Sciences, one of the most highly anticipated developments within the Milwaukee Water Corridor. Ten different governmental agencies and departments are involved in ensuring the success of this project.
Freshwater Plaza will be a catalyst for the neighborhood; it will provide a Cermak Fresh Market with a higher quality of shopping and local flair. It will also feature regional and national tenants. The Plaza will allow for the clean-up of a brownfield site and provide a connection to the mixed-use trail system.
The site will incorporate cutting-edge water management techniques and features that will allow for the separation of the combined sewer system for the area. The project will require cooperation and creative funding solutions from the City of Milwaukee, MMSD, the State of Wisconsin (several agencies) and EB5 Funding, all to help ensure the success of the project.
This mixed-use development also features 76-apartment homes, which are now leasing! For details, please visit the Freshwater Plaza Apartments website here or call 414.581.0100.