Wangard Partners, Inc. (WPI) is pleased to announce that The Reef is set to break ground on Tuesday, August 5th, 2014, at 3pm at 1215 North 62nd Street in Wauwatosa. THE DEVELOPMENT DETAILS: Located within one of the hottest redevelopment areas, this 180-unit residential development will feature four, two-story 18-unit buildings with some direct entry attached garages and two, four-story “L” shaped buildings that will wrap the outer edges of the site creating a private walkable neighborhood. The Reef is nestled in the heart of the Village of Wauwatosa and offers access to the culture and recreation of this local, vibrant commercial district. Wangard’s signature development approach includes locating near retail hubs in order to create a walkable footprint. The Reef will also benefit from being within close proximity to the Milwaukee County Regional Medical Complex, which is the #1 draw of all unique visitors to the State of Wisconsin. Additional features of The Reef include:

• a multi-purpose clubhouse with gourmet kitchen for entertaining,
• a pool,
• a 24-hour fitness center,
• a dog park,
• free daily coffee bar and
• picnic area with barbeque station and outdoor fireplace

As with all Wangard developments, The Reef will be pet-friendly. On-site buildings will have an urban appeal with contemporary aesthetics and clean architectural style. The two-story buildings will be wood-frame, slab on grade with direct entrances and some attached garages. The four-story buildings will be wood-frame with partially exposed first floors and heated/enclosed parking. One hundred enclosed, heated parking spaces will also be included within this walkable neighborhood. Construction completion is anticipated to be in October of 2015. PROJECT INITIATION: Work on this 9.4-acre development was initiated in 2012 with the identification of this site as a brownfield. Prior to Wangard’s development interest, the site was home to Western Metal. Wangard worked closely with the State, WDNR and the City of Wauwatosa in order to ensure a high level of revitalization occurred while preparing the site for development. The Wisconsin Economic Development Corporation has played a pivotal role in this remediation having recently approved a $700,000 grant for clean-up. The City also provided aid through a $1.1 million dollar TIF and additional monies are being provided by Tosa Reef, LLC. HISTORIC SIGNIFICANCE: While this brownfield site prepares for revitalization, there’s a historical significance to this development as well. To the north and just adjacent to The Reef is the 425 million year-old Schoonmaker ancient sea fossil reef. Designated as a National Historic Landmark, this reef was discovered in 1862 and is the first fossil reef identified within the United States. More than 200 different fossil species have been identified from this remnant coral reef that at one time grew on an ancient sea floor. Wangard is working with the City in order to preserve the Schoonmaker Reef, which will be accessible to scientists and school groups for viewing in the future. The U.S. National Park Service designated the Schoonmaker Reef as a National Historic Landmark on September 25th, 1997. To date, the City of Wauwatosa and Wangard Partners jointly own this historic natural feature, whereby the extreme northwestern edge of the Reef (also known as Old Quarry Face) is owned by Wangard Partners. This portion of the Reef is of prime significance as it contains a higher volume of fauna and fossils according to the National Historic Landmark application. As part of the development process the reef face will be cleaned-up, exposed and made accessible in an effort to inspire school groups and scientists to view the Reef for educational purposes in the future. GREEN LIVING: A core value of Wangard Partners is not only to respect the environment, but to embrace sustainability as a way of life. The Reef development will retain 53% green space as well as incorporate numerous sustainable practices including the use of high performance windows, low flow faucets, water-wise landscaping, and will promote better transit opportunities including a bike share program. EVENT DETAILS AND PHOTO OPPORTUNITIES: Photo opportunities will be available the day of the event with key development team members as well as dignitaries. The groundbreaking will take place on the east side of the site facing 62nd Street. OPENING 3:10 – 3:20PM MAYOR EHLEY REMARKS 3:20 – 3:25PM GOVERNOR WALKER REMARKS 3:25 – 3:35PM GROUNDBREAKING & PHOTOS 3:35 – 3:55PM CLOSING REMARKS 3:55 – 4:00PM DEVELOPMENT TEAM: The team for The Reef includes: Wangard Partners, Inc. – Developer and Property Manager; AG Architects – Design Architect (two, four-story buildings); Stephen Perry Smith Architects, Inc. – Design Architect (four, two-story buildings); LB Consulting Services – Interior Design and Lease Consulting; The Sigma Group – Civil and Environmental Engineering; ENCORE Construction, Inc. – Construction as well as AnchorBank and InvestorsBank – Lenders. KEY MEDIA CONTACTS: Dorothy Snow | 414-242-6261 | dsnow@wangard.com Lynn Buckley | 414-793-9633 | lbuckely@wangard.com