Development Concept: Catalano Square, 3rd Ward Milwaukee
This development concept suggests supplementing a previously downsized two-story office building and surface parking proposal with a lineup of luxury row houses and a subgrade parking level that would, in turn, support an additional office floor
Complications: Odd-shaped site with existing buildings to incorporate; expensive land for the local market; substantial additional investment required to salvage a stalled, previously downsized development
Opportunities: Claw back revenues from a downsized development plan; optimize a unique property in an attractive location; take advantage of the mixed-use neighborhood to diversify the investment pro forma
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Relevant resources and public documents:
Third Ward Area Plan by Milwaukee DCD (2005, 2006)
Development Data Sheet - One Catalano Square by Irgens Partners LLC
Property Sale Book - One Catalano Square by Irgens Partners LLC
