Milwaukee County has issued a request for proposals for the final out there block of the Park East redevelopment land.
Often called Block 22, a number of builders have had the block underneath contract for buy for the reason that freeway was eliminated in 2002, however none of these growth plans ever moved ahead.
The two.28-acre block is bounded by Water Road, Ogden Avenue, Milwaukee Road and North Broadway.
The RFP issued Friday doesn’t embody an asking worth, however the quantity provided is among the many standards officers will use to choose a purchaser. The client might want to deposit $50,000 with the county for a nonrefundable one-year buy possibility.
The chosen purchaser should comply with Milwaukee County’s participation targets for women-owned, minority-owned and small companies for the eventual growth.
Responses are due on Oct. 6.
Block 22 is one in every of a number of tons created by the removing of the Park East freeway about 20 years in the past.
The elevated freeway spur was changed with an at-grade, boulevard which reconnected the road grid. New block configurations opened up 24 acres of downtown property for redevelopment.
Parcels on the west facet of the river have been pledged to an affiliate of the Milwaukee Bucks as a part of the Deer District growth. Parcels on the east facet of the river have been offered individually.
Block 22 was initially to be developed by Wauwatosa-based Wangard Companions right into a seven-story, $52 million venture that included 250 residences and 70,000 sq. toes of retail house. The developer dropped these plans in 2018 as a way to pursue different tasks.
Most not too long ago, Milwaukee-based McClendon Capital Group had the block underneath contract for a plan with about 160 residences and a resort. Earlier this 12 months, Milwaukee County officers determined to place the land again available on the market as a result of McClendon’s growth plans had modified since 2020 when it was chosen as a purchaser, in keeping with county paperwork.
As of Tuesday, McClendon Capital Group had downloaded the brand new RFP, as had a number of different development corporations, architects, property managers and builders together with Milwaukee-based Emem Group, in keeping with the county’s RFP web site.