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PARKEAST
A Proposal from:
Milhaus Development
With:
WiRED Properties
Introduction . 3
Executive Summary
Development Team .. 5
Team Members
Qualifications
Comparable Projects
Development Plan .....13
Design Concept Narrative
Plans
Project Schedule
Financial Feasibility
Projected Tax Base
Workforce: Residential Hiring Goal and Plan
Workforce: Apprenticeship
Projected Jobs Created
DBE Goal and Plan
Green Design
Zoning Readiness
Appendix ..31
Contact Information
Company Profiles and Portfolios
Attachments A-E, R
INTRODUCTION
Executive Summary
We understand the goals of The Park East Redevelopment Plan and intend to
deliver a project that: 1.) rapidly generates a substantial tax base in a high quality
neighborhood; 2.) promotes residential and mixed-use development,
concentrating disposable income in the Park East; 3.) enhances pedestrian access
throughout the Park East; 4.) results in a shared parking resource that can provide
the City with a valuable asset while catalyzing the future development of Block 1
and Block 7; 5.) extends the reach of the Park East into the neighborhood to the
north through the inclusion of the National Ace Hardware Building in our
development; 6.) provides a well-contemplated connection to Zilbers substantial
investment to the west and amplifies its role in the city; and, 7.) positions the Park
East for a dynamic future connection to a possible Arena in the surrounding area.
Our Team combines big-picture perspective and vision with hands-on experience
in implementing complex solutions to our urban environments. Specifically, we
provide expertise in commercial, mixed-use, and multi-family development, as well
as design, planning, construction, and property management. Combined, Milhaus
and WiRED have directly contributed more than $360 million in total investment
in projects in Indiana, Ohio, Tennessee, Oklahoma, Kentucky, and Wisconsin.
Additionally, principals of the firms have developed more than $1.2 billion in new
projects in urban environments throughout the country. Milhaus corporate
mission is to transform neighborhoods and leave them in a better place than we
found them. We are excited about the opportunity to do just that in the Park
East. Our Teams approach is to be open and honest and deliver upon our word.
We have a track record of working closely with neighborhoods to deliver exciting
projects that are financially successful. We will work collaboratively with the
neighborhood, consistently meeting with the Park East Redevelopment
Association, the City of Milwaukee and Milwaukee County.
We have approached this site using green design that respects contextual building
topography, pedestrian scale, and neighborhood assets. We have incorporated
the National Ace Hardware Building to extend our developments reach, and our
proposal for a City parking structure positions the balance of the Park East for
rapid development by solving for the Park Easts inherent parking challenges.
By choosing our Team to work on this transformative project, we can ensure
that a collaborative vision becomes reality.
DEVELOPMENT
TEAM
Team Members
Milhaus
Master Developer
and
Property Manager
WiRED Properties
Milwaukee Development
Partner
DBE Enterprises
Milwaukee Group
(TBD)
Architectural Team
(TBD)
Additional Design
General
Contractor
(TBD)
Brand Marketing
(TBD)
Team (TBD)
Qualifications
Milhaus
Milhaus Development is a team of inspired and industrious individuals,
headquartered in Indianapolis. We are committed to the development of
mixed-use and multi-family products that provide lasting experiences for our
customers. Milhaus creates solutions for neighborhoods that positively impact
communities by delivering unparalleled expertise in real estate, investment,
development, construction, and management. Since 2010, Milhaus has
completed, constructed, or developed a total of 2,500 residential units and
140,000 square feet of commercial space totaling $325 million in total
investments with projects in Oklahoma, Tennessee, Kentucky, Ohio, and
Indiana. Milhaus develops high-quality projects with financial responsibility, that
withstands the passage of time, improve peoples lives, and transforms
communities.
WiRED Properties
Located in Milwaukee, Wisconsin, WiRED Properties is a boutique full-service
real estate development, consulting, and construction firm that is passionate
about the development and redevelopment of communities. WiRED's award
winning developments reflect their dedication to creating built environments
that add and create value by weaving together the urban fabric. They believe in
the value of connectedness of people and their physical links to the community.
WiRED is currently developing: Mequon Town Center, a $19,000,000 mixeduse development with ~36,000 square feet of commercial space and 28 luxury
apartments in Mequon, WI; Drexel Town Square, a large-scale mixed-use
development in which WiRED is responsible for the development and
construction of a new Main Street for the City of Oak Creek, including over
70,000 square feet of commercial space and 62 apartments; and, Lilly Preserve,
a 77-unit luxury apartment community in Brookfield, WI. WiRED has
established dynamic expertise in the development of mixed-use communities
that re-shape and re-define their neighborhoods, and in working with
municipalities to achieve their planning and fiscal objectives.
Financial Capacity
We have the financial capacity to complete significant projects of this scale. Milhaus
BP Investors, LLC, an affiliate of Milhaus Development, LLC, has an allocation of $200
Million of equity prior to leverage that is 37% placed, giving it $245 million of available
capacity for investment when leveraged. This fund is targeted specifically towards
large urban infill mixed-use projects.
Development Approach
Our Team understands that this is a catalytic project. The development of the Park
East represents the singular opportunity to create a new neighborhood in
downtown Milwaukee. Additionally, the Team recognizes the importance of not
only meeting the expectations of the Park East Development Plan, but also
integrating the development of the Park East Corridor into the established
neighborhood to the north and the burgeoning neighborhoods to the east and west.
The former Park East Freeway Corridor presents incredible potential that we believe
we can help develop into a prosperous neighborhood. We understand market
dynamics and financial feasibility. We believe our vision of community development
will help to coalesce a new spirit of community in the Park East, and in the broader
community. Together, we can deliver a solution that works.
We believe the Site provides a dynamic opportunity to deliver a product with a
distinctive architectural style. Our development and design teams will bring a fresh
design perspective to the Project allowing it to stand out from other developments
in the neighborhood and city at large - while still respecting the Sites contextual
assets. Together, our teams design-centric focus on each of our projects, combined
with our priority of creating walkable, mixed-use destinations, will ensure this project
is of the highest standard all while still remaining economically feasible. It is our
intention to work closely with the City, County, and community stakeholders to
develop a design of which everyone is proud.
ARTISTRY
Location:
Investment:
Residential:
Commercial:
Parking:
Status:
Team Scope:
Indianapolis, IN
$31M
258 apts.
68,000 sf.
400 garage spaces
Completed 2014
Milhaus is the developer, contractor and manager
Located in Downtown Indianapolis, Artistry transformed a former, empty, twostory structure into a five-story icon of mixed-use development. This first phase
of a 6-acre master plan includes 258 apartment units and 68,000sf of commercial
space. Parking is provided within the building and in the existing parking garage
across Market Street to the north. The building is comprised of a mix of studios,
one, two and three-bedroom units. An open third floor pool and entertainment
deck provides dramatic views of the downtown area. The project was completed
in 2014 and is seeking LEED certification for its many environmentally sensitive
features.
LIFT
Location:
Investment:
Residential:
Commercial:
Parking:
Status:
Team Scope:
Oklahoma City, OK
$42M
329 apts.
4,600 sf
444 garage spaces
Construction
Milhaus is the developer, contractor and manager
CIRCA
Location:
Investment:
Residential:
Commercial:
Parking:
Status:
Team Scope:
Indianapolis, IN
$31M
264 apts.
1,500 sf
275 spaces
Construction
Milhaus is developer, contractor and manager
12
DEVELOPMENT
PLAN
Project Schedule
Milestone
RFP Submission
RFP Interviews
RFP Recommendation of Approval
Review and Approval
County, City, Developer Negotiations
Due Diligence, Design Development
Construction Documents
Bidding and Permitting
Construction
Stabilization
Start
October 2014
October 2014
November 2014
November 2014
January 2015
January 2015
April 1, 2015
August 2015
September 2015
April 2017
Finish
October 2014
October 2014
November 2014
November 2014
February 2015
March 2015
August 2015
September 2015
April 2017
Spring 2018
Once selected as the preferred developer for the Project, our Team will immediately begin our
due diligence. Significant resources will be required to underwrite the physical condition of the site,
and to advance our initial conceptual design to working schematic design. We are prepared to
expend those resources.
Blair Williams, President of WiRED Properties, will act as the local development liaison and will
coordinate the teams local development efforts. Milhaus will oversee the development activities
and will provide its experience and financial resources to position the development for rapid
execution and success.
Our Team has the financial resources prepared to execute this development in a single phase. The
time for this development is now. The market is positioned to absorb apartments brought online
in the next three years, and the Park East is positioned for catalytic development in conjunction
with the anticipated development of a new Arena in downtown Milwaukee. Communities dont just
happen they are made. By executing this development in a single phase, the Team believes we will
jumpstart
the
creation
of
a
new
community
in
the
Park
East
Development Requirements
The Park East Redevelopment Code requires Development and Construction to meet several
parameters during the construction of this project. Based on the schematics from the Redevelopment
Code, we believe we can accomplish these building provisions.
Program Summary
300-375 apartment units
50,000 sf
800 spaces
Building 1
Block 2A West McKinley Avenue and N. 6th St.
This building will be the heart of the residential community. The mixed-use
space on 6th street is presented as a one-story building that will house the
common area amenities for all of the apartments. Distinctive architecture
will illuminate 6th and McKinley allowing this corner to be the jewel box of
development.
124 apartments
24,981 square feet of mixed-use
71 parking stalls
Green Courtyard
Building 2
Block 4A West McKinley Avenue and N. 4th St.
This mixed use 5-story building with four levels of apartments above ground
floor lines McKinley and wraps around 4th Street and 5th Street. Providing a
full deck of underground parking and some parking at grade, this intersection
will be highly activated with mixed-use. Additionally, cultivating a strong
pedestrian and transit connection along West McKinley Ave. and N.4th St.
increases the walkability of the site.
114 apartments
23,357 square feet of mixed-use
153 parking stalls
Green Courtyard
Building 3
Block 4B West Juneau Avenue and N. 6th Street
This is a 5-story building with four levels of apartments above ground floor
mixed-use that lines Juneau and wraps around 4th Street and 5th Street. It will
offer some parking at grade with access off of 5th Street. Juneau Avenue will be
highly activated with mixed-use space, and will incorporate distinctive design at
the corner of Juneau Avenue and 4th Street.
124 apartments
24,981 square feet of mixed-use
71 parking stalls
Green Courtyard
Building 4
Block 2B Parking Structure
A substantial challenge in the Park East Redevelopment is parking. The Development Code
requires activating both Juneau and McKinley street fronts. To provide a consistent feel at the
site, we believe activating 4th and 5th is also necessary. Therefore, there is extremely parking
at grade.
Due to the past use of this site as a highway, the environmental impacted soils, and the
remaining foundations, we believe an underground parking structure is not economically
feasible. Furthermore, an underground parking deck will likely not meet the demands of the
increased traffic in the neighborhood. We believe the most reasonable solution is to create a
shared parking resource in Block 2 Parcel B. Located between Block 1 and Block 7, a shared
parking structure would further the potential arena development proximate to the Park East
by providing overflow parking.
From a architecture standpoint, we would create a sky bridge connection across the alley
from the parking structure to the building on Block 2 Parcel A, and we would build a
connection across 5th Street from the structure to Block 4 Parcel B. We would need to
provide assurance to our residents that they could rent stalls at market rates from the city.
We project requiring approximately 265 stalls for use by our residents. Using a parking ratio
of 1.5 stalls per apartment, our development requires 489 parking stalls. This design suggests
we can reasonably provide 224 stalls without impacting the quality and value of the street
activation in the development.
We propose the City should develop, build, and own this parking structure in the Park East.
For financial feasibility our development must provide sufficient parking. With up to ~18,000
square feet of available liner retail space on Juneau Avenue and wrapping to 6th Street, this
parking structure can also meet the design requirements of the Park East Development Code.
Not only can it help to support and catalyze the future development of remaining Park East
parcels, but also it can contribute to the pedestrian environment and the neighborhood.
PARCEL 4A
PARKING
BASEMENT LEVEL
ENCLOSED PARKING STRUCTURE
104 PARKING SPACES
Project #
M2014-26 |
the
Consortium ae LLC
2022 E. North Avenue | Milwaukee | WI 53202 | Gregg Prossen, Principal
TELEPHONE 414.406.7625
17
283'-6"
CORNER
DISTINCTIVE
DESIGN ELEMENT
CORNER
DISTINCTIVE
DESIGN ELEMENT
CORNER
DISTINCTIVE
DESIGN ELEMENT
MIXED USE
62'-0"
52'-5"
MIXED USE
CORNER
DISTINCTIVE
DESIGN ELEMENT
PARCEL 4A
62'-0"
62'-0"
PARCEL 2B
RETAIL-COMMERCIAL
RETAIL
DISTINCTIVE
DESIGN ELEMENT
289'-4"
154'-5"
RETAIL-COMMERCIAL
62'-5"
GRADE LEVEL
PEDESTRIAN BRIDGE
RETAIL-COMMERCIAL
ENCLOSED PARKING STRUCTURE
120'-0"
PARKING
PARKING
71 PARKING SPACES
CORNER
DISTINCTIVE
DESIGN ELEMENT
RETAIL-COMMERCIAL
PARKING
PARCEL 4B
52'-5"
62'-0"
187'-4"
RETAIL-COMMERCIAL
COMMUNITY
POTENTIAL PKG
ACCESS
GRADE LEVEL
ENCLOSED PARKING STRUCTURE
49 PARKING SPACES
153 TOTAL SPACES
102'-0"
POOL
PEDESTRIAN
BRIDGE
MULTI-FAMILY COMMUNITY
150'
PARCEL 2A
POTENTIAL PKG
ACCESS
MIXED USE
CORNER
DISTINCTIVE
DESIGN ELEMENT
283'-6"
30'
60'
SCALE: 1"=60'
PROPOSED SITE PLAN
Project #
M2014-26 |
120'
the
Consortium ae LLC
2022 E. North Avenue | Milwaukee | WI 53202 | Gregg Prossen, Principal
TELEPHONE 414.406.7625
62'-5"
275'-6"
PARCEL 4A
154'-5"
62'-5"
150'
ET
PARCEL 2A
MULTI-FAMILY
289'-4"
GREEN ROOF
62'-5"
158'-8"
62'-5"
283'-6"
62'-1"
MULTI-FAMILY
GREEN ROOF
187'-4"
PARCEL 2B
PARKING
62'-5"
PARCEL 4B
MULTI-FAMILY
30'
60'
120'
Project #
M2014-26 |
the
Consortium ae LLC
2022 E. North Avenue | Milwaukee | WI 53202 | Gregg Prossen, Principal
TELEPHONE 414.406.7625
Plans
From a market perspective, there is significant demand for quality market-rate housing,
which is the use that will anchor this project. We will design this product in a way that
attracts a wide variety of customers. The young professional, the empty nester, and the
young family alike will feel at home in our contemporary and spacious units. With such close
proximity to the central business district, the arts district, Milwaukees universities, and with
dynamic transit connections, we expect this property to attract a plethora of tenants.
The Park East represents a remarkable opportunity. It is vacant land in the heart of the
city. It is located within walking distance to dining, the arts, entertainment, the
Milwaukee River. New public transit will extend that easy access making the Park East
within reach from throughout the city. And, it is located with perhaps the best freeway
access in the city for its residents and its businesses. In few other locations can a new
development connect so intimately to the city, and immediately become a fundamental
part of the Park East Neighborhood.
However, the location is only part of the opportunity. As several large contiguous
parcels, the vacant land presents a clean palette for the form and scale of the built
environment. The Development Code provides strong direction for how these buildings
should, generally, occupy the land and how they should interact with the world around
them.
With that clean palette, developers can develop to their vision: office, entertainment,
corporate headquarters, hospitality, retail, multifamily, or more. It could take form, over
time, with singular developments, with the Development Code providing design
guidelines.
We believe the Park Easts greatest opportunity is that its scale and location offer the
opportunity for it truly to become a new neighborhood. It can connect the tremendous
investment to the west at Pabst, and to the arts and entertainment to the east. It can
weave into the neighborhood to north. Milwaukee is a city of great neighborhoods with
long histories. The Park Easts history is in front of it. But we believe it can become
great.
Our Project Plan reflects our belief that this should be a neighborhood where the
pedestrian is treasured and motor vehicles are respected. First floor mixed-use offers a
dynamic opportunity for interaction between pedestrian and built environment. It
activates the street. And, the users of that space help express and create the broader
community.
We believe that great neighborhoods have great residents. In order to ensure that
this neighborhood takes on strong identity, we believe housing must play a strong
component in the plan. And, we want this residential community to be differentiated in
the market. We believe the details and the scale of the plan do that.
The development of these parcels with this Project Plan, along with specific
contemplation of parking resources for the balance of the Park East, should help catalyze
development of the balance of the Park East. And this single-phase development would
immediately generate substantial tax base.
Based on our experience in markets like Indianapolis, Oklahoma City, Cincinnati and others, as
well as here in Milwaukee, we are confident we can design and develop a community that is of its
time and that contemplates the role it plays in the City. We have deep experience in
transformative development.
The Park East can transform itself and the surrounding
neighborhoods.
This Project proposes development of Blocks 2 and 4. We are proposing 5-story mixed-use
buildings on Block 2 Parcel A, Block 4 Parcel A, and Block 4 Parcel B. Our plan contemplates a
parking structure to be built on Block 2 Parcel B. That structure would serve as the parking
resource for the Park East as a whole, including those parcels for which we are not Proposing at
this time.
Block Grid
We believe that 4th Street should be emphasized for its pedestrian and transit linkages. We
believe that developments that favor the pedestrian must be designed thoughtfully to ensure each
experience is successful.
5th Street
In order to maintain that pedestrian scale, our plan started with re-building 5th Street. We wanted
to break the long blocks of Juneau and McKinley into manageable sizes. We wanted to create
high-value corner retail spaces. And we wanted to facilitate pedestrian and vehicular movement
throughout the Park East.
Alleys
The alleys also present opportunity. By respecting the alley, and the underlying infrastructure, we
created yet more retail corners and we created an opportunity for a unique linkage between 4th
Street and 5th Street offering pedestrian, bicycle, and limited vehicular access into the heart of
the development and to 5th Street.
Along 5th Street, the impact of the alleys will be compelling. It will offer the pedestrian relief as it
breaks down the scale and massing of the buildings. And it will create corner retail opportunities
to substantiate 5th Street as a part of the city grid and the community.
Street Frontages
Our Project Plan emphasizes street-front retail space on Juneau, McKinley, 4th Street, and on the
corners of 5th Street. We will work Dan Rosenfeld and his team at Mid-America Real Estate to
secure a mix of tenants that will define the community. Our plan will have the flexibility to work
with retail or commercial tenants of all sizes, including larger formatusers. It is our express
intent to create spaces that offer all types of businesses the opportunity to make the Park
East home. And, that diversity will help make the neighborhood distinct.
Building Design
This Proposal does not include site-specific design for the buildings. While unique in many
ways, this Project is very consistent with the developments we have executed, and are executing
now, in cities around the country. These buildings, and other successful buildings in the
country, will inform our design. The images presented in this Proposal accurately reflect our
design intent.
21
Generally, we believe in contemporary design that reflects its day, and we believe in
respecting the context of the neighborhood. Five story buildings are entirely consistent
with the scale of the neighborhood. By establishing very strong corners with defining
elements at each of 6th & McKinley, 4th and McKinley, and 4th and Juneau, our buildings
will define the gateways to the Park East.
We use high quality building materials, and we believe the mix of the exterior materials
help define the buildings value to the community. Most importantly, we believe
buildings, like the neighborhoods theyre in, should be visually interesting and engaging.
Mixed-Use
Committed to that design intent, our Plan allows us the flexibility to design buildings
with character and identity, to accommodate a broad spectrum of potential users
including businesses, the arts, office users, or entertainment uses. The mix of uses will
help to define its success. Our Team is uniquely experienced in creating those
successful mixed-use environments.
Apartments
Living in the Park East will be different from other neighborhoods in the City. More retail
right downstairs. More civic amenities a short walk away. We are committed to
developing exceptional apartment communities, and we believe the Park East merits deep
investment.
Our Project Plan presents four stories of apartments over the ground floor mixed-use
space.
For the buildings located on Block 4 parcels A and B, we present two U-shaped
buildings separated by the alley. Each building features a green courtyard for the
residents use. That single-story element through that alley will create a visually
engaging environment for the pedestrian, and the courtyards will be a terrific amenity
for the residents.
Financial Feasibility
22
These three conditions result in the following conditions impacting the feasibility of any development in
the Park East:
The costs to prepare individual parcels for development will be high, including
excavation and removal of the foundations
The cost of mass excavation may be very substantial due to the impacted soils,
potentially driving the costs of underground garages to a point of infeasibility
The cost of moving the MMSD storm sewer would be substantial, and as such its
current position should most likely be respected
Short of performing our extensive due diligence upon being selected as the developer of these Blocks,
we are not able to accurately project the costs of removal of the existing foundations to facilitate
development of our Project. However, we are not carrying extraordinary costs in our development
budget. We will look to the City to carry those extraordinary costs to be incurred in the preparation
of this blighted site for vertical development.
We propose to purchase the land for $1. We will require no direct financial participation in the
development of the three proposed parcels after the costs of remediating the environmental impacts
and subsurface obstructions.
We look forward to partnering with the City and the County to develop a specific plan that will
optimize the value of the development to the community.
Workforce: Apprenticeship
Our team acknowledges and accepts the Apprenticeship Hiring requirements under the PERC
Compliance Plan. Our team will work collaboratively with the City and the County to develop and
execute that plan, and we will use our best efforts to meet successfully the goals of that plan.
In addition to being a catalytic development, it is also a huge jobs boost to the neighborhood
and overall economy. This Project is expected to support over 350 construction jobs and
create real full time equilavent jobs with the new multi-family development operations and
what will be generated with the commercial space users.
Our team acknowledges and accepts the DBE Hiring requirements under the PERC
Compliance Plan. Our team will work collaboratively with the City and the County to develop
and execute that plan, and we will use our best efforts to meet successfully the goals of that
plan.
Green Design
Milhaus has completed several LEED certified and green build projects including Artistry and
Gantry, which are each LEED Certified. We bring smart design principles to each of our
developments, balancing environmentally sound practices with financial feasibility. At our core
and our brand is about Conscious Living and we take this approach seriously in all that we do.
We plan to work with the City and County of Milwaukee to construct these four buildings
with as few Volatile Organic Compounds (VOCs) as possible. We will outfit each of the units
with high efficiency washers and dryers, EnergyStar appliances, and windows which aid in
heating and cooling efficiencies. Lastly, each of the buildings will contain a bike storage garage to
encourage green transportation.
We value green spaces and the role that they play in place making and the creation of dynamic
pedestrian environments. Our proposal specifically contemplates the connection of 5th Street
between Juneau Avenue and McKinley Avenue. That street will be landscaped as a city street
and will feature substantial traffic calming elements and parallel parking lanes in order to ensure
a safe and comfortable pedestrian experience.
We also propose a pedestrian connection between 4th Street and 5th Street. That new street
will offer limited access to motor vehicles and will be designed specifically to encourage
pedestrian connections between Block 7 and the parking structure to be constructed on Parcel
B of Block 1.
The two eastern buildings will feature large green courtyards above the covered parking at
grade, creating an inviting and compelling green environment for the residents of those
buildings. Finally, the northwest building will feature an expansive private courtyard at grade,
including a swimming pool and other amenities for the residents of this new community.
Zoning Readiness
Our Project meets the requirements and expectations of the Park East Development Code.
Blocks 2 and 4 are zoned for the following uses: residential, office, retail / service,
entertainment/accommodations, and institutional. Milhaus plans to build four buildings, which
serve as residential, office, and retail. As such, we will not need to rezone Parcel A of Blocks 2
or Block 4. A zoning amendment is not required for this project.
Conclusion
Thank you for your time and consideration of our Team and willingness to consider the investment
that we desire to make. We look forward to the opportunity of working with Milwaukee County
and City of Milwaukee on this project. A gateway project like this one is a special opportunity to
set the tone for the long-term success of a neighborhood, and our Team is elated at the
opportunity to combine our national and local expertise to be a part of this one. It takes the right
team, with the right commitement to the Neighborhood, solid financial capacity, and progressive
design sense to deliver this scale of project in a manner that positively impacts the Community.
We feel that our Team presents exceptional qualifications to reach this success, and we will do
everything possible to make that happen.
3
0
APPENDIX
3
1
Contact Information
Milhaus
WiRED Properties
52
APPENDIX
3
MILHAUS
PARKEAST
PROPOSAL
2
COMPANY
PROFILE &
PORTFOLIO
TABLE OF CONTENTS
Company Overview
35 Company Profile
Team
36 Tadd M. Miller
36 Jeremy C. Stephenson
37 Alexandra Jackiw
Selected Projects
Completed
38 Artistry INDIANAPOLIS
39 Circa INDIANAPOLIS
Construction
40 Gantry CINCINNATI
41 Mentor + Muse INDIANAPOLIS
42 Lift OKLAHOMA CITY
Development
43 Highland Row MEMPHIS
3
MILHAUS
PARKEAST
PROPOSAL
4
COMPANY PROFILE
3
Milhaus is a team of inspired and industrious individuals, headquartered in Indianapolis, who are
committed to the development of mixed-use and multi- family products that provide experiences
for our customers. Milhaus provides exceptional customer experiences and create solutions for
neighborhoods that positively impact communities by providing unparalleled expertise
in real estate, investment, development, construction and management. Milhaus develop highquality projects that are financially r esponsible, withstand the passage of time, improve peoples
lives and transform communities. Milhaus has either completed, is under construction or
development on a total of 2,500 residential units and 140,000sf of commercial space totaling $325
million in total investment in projects in Indiana, Ohio, Tennessee, Oklahoma, and Kentucky since
2010.
3
MILHAUS
PARKEAST
PROPOSAL
5
TEAM
4
Tadd M. Miller
Principal, CEO
317-236-7161
tadd.miller@milhaus.com
Tadd Miller is CEO and a co-founder of all Milhaus related companies. He has led the development, finan e and construction of
urban multi-family and mixed-use properties throughout the Midwest and Florida totaling over $650 million. With his real estate
experience beginning in central Indiana, his vision and companies continue to improve urban living and have led the renaissance
of downtown living in Indianapolis. At Milhaus, Tadd leads corporate strategy of all divisions, business development and investor
relations.
Tadd graduated from the College of Architecture and Urban Planning at Ball State University, completed his MBA at Indiana
Wesleyan University, and then received his law degree from Indiana University. He is actively involved in the Urban Land Institute, the
International Council of Shopping Centers, and is a co-founder of Indianapolis-based Wellfount Pharmaceuticals, one of the states
40 fastest growing companies. Tadd has been named one of Indianapolis Business Journals Forty Under 40, Young Professional
of the Year by the Young Professionals of Central Indiana and Whos Who in Commercial Real Estate. In 2007, Junior Achievement
named him Indys Best and Brightest in real estate.
Jeremy C. Stephenson
Principal, President of Development & Construction
317-602-6125
jeremy.stephenson@milhaus.com
Jeremy Stephenson is principal of all Milhaus related companies and President of Milhaus Development and Milhaus
Construction. Prior to joining Milhaus, Jeremy led the development of $550 million of hotel, office, retail, and residential
developments throughout the country. He brings to Milhaus an extensive track record of executing complex urban mixed-use
public-private partnerships including the recently developed $425 million JW Marriott convention center hotel in downtown
Indianapolis. At Milhaus, Jeremy oversees the development and construction departments and is involved in corporate strategy,
business development, and brand implementation.
Jeremy is a graduate of the Indiana University Robert H. McKinney School of Law and also received his Masters of Business
Administration from Butler University. Prior to completing his MBA, Jeremy graduated with honors from Butler University in
Political Science. Jeremy serves in voluntary leadership roles with the Urban Land Institute, Outreach, Inc, the 2012 Super Bowl
Host Committee, and Common Ground Christian Church. He previously served on the board of the Greater Indianapolis Habitat
for Humanity, Keep Indianapolis Beautiful, Butler University Alumni Board and multiple scholarship foundations. He is also actively
involved with Wheeler Mission Homeless Shelter and a member of the Indianapolis Bar Association. Jeremy was recently recognized
with the Indianapolis Business Journals Forty Under 40 award.
3
MILHAUS
PARKEAST
PROPOSAL
6
TEAM
5
3
MILHAUS
PARKEAST
PROPOSAL
7
ARTISTRY - PHASE 1
7
Indianapolis, IN
Located:
451 E Market St
Indianapolis, IN
Status: Complete
Residential: 258 units
Retail/Office: Up to 80,000 sf
Parking: 124 in bldg, 600 in
existing garage
Investment: $30M
Developer:
Milhaus Development
Contractor:
Milhaus Construction
Manager:
Milhaus Management
Composed of three phases on six
acres in downtown Indianapolis,
the Bank One Operations
Center Redevelopment began
with the transformation of the
existing two-story structure
into a five-story icon of mixeduse development. Parking will
be provided within the phase
one building and in an existing
parking garage across Market
Street to the north. Three stories
of apartments will be added to
the heavily reinforced structure.
The strength of the existing
building supports the rooftop
deck area and swimming pool,
all overlooking the downtown
skyline.
3
MILHAUS
PARKEAST
PROPOSAL
8
CIRCA
Indianapolis, IN
Located:
617 N. College Ave.
Indianapolis, IN 46204
Status: Under Construction
Residential: 265 units
Investment: $31M
Developer:
Milhaus Development
Contractor:
Milhaus Construction
Manager:
Milhaus Management
Just steps from the shops and
restaurants on Mass Ave and the
Indianapolis Cultural Trail, Circa
is the redevelopment of a former
three acre industrial facility in
downtown Indianapolis. The
project will include the full
rehabilation of a 10,000 sf historic
structure into the property's
leasing and amenity center,
as well as industrial-style loft
units. Four new buildings with
urban and natural style units will
surround the historic structure,
which opens up to the resort-style
outdoor pool deck and an urban
pocket park and lounge area.
GANTRY
9
Cincinnati, OH
Located:
4100 Hamilton Avenue
Cincinnati, OH 45223
Status: Development
Residential: 131 units
Retail: 8,000 sf
Investment: $15M
Developer:
Milhaus Development
Contractor:
Milhaus Construction
Manager:
Milhaus Management
Located in the eclectic
neighborhood of Northside, the
redevelopment of the Myron
Johnson Lumber Co. property will
introduce the neighborhood's
first new residential mixed-use
development in the heart of its
business district. The project's
design is the result of extensive
collaboration with neighborhood
residents, blending contemporary
design with traditional building
techniques. Two of the first
floor retail spaces have adjacent
patios for outdoor dining and
recreation.
MENTOR + MUSE
Indianapolis, IN
10
MARKET STREET
TENANT SPACE
5,430 SF
Located:
E Market St & N New Jersey St
Indianapolis, IN 46204
TENANT SPACE
5,549 SF
Status: Development
Residential: 242 units
Retail: 20,000 sf
Investment: $28M
55 SPACES
Developer:
Milhaus Development
Contractor:
Milhaus Construction
COURT STREET
TO PARKING
BELOW
Phase 2
TENANT SPACE
14,790 SF
Phase 1
WASHINGTON STREET
LIFT
11
Oklahoma City, OK
Located:
NW 10th St and N Shartel Ave
Oklahoma City, OK 73103
Status: Development
Residential: 327 units
Retail: 4,600 sf
Investment: $42M
Developer:
Milhaus Development
Contractor:
Milhaus Construction
Starting construction in 3Q
2014, this project is in the
neighborhood of Midtown
and within walking distance
of Automobile Alley and the
central business district. Located
on 3.3 acres, it includes a mix
of studio, 1,2, and 3-bedroom
apartments and 5,600 sf of retail
space. Residents will enjoy three
different courtyards, skyline views
and a 445-space parking garage.
Highland Row
Memphis, TN
12
Located:
Highland & Midland Ave.
Memphis, TN 38111
Status: Development
Residential:
354 apartments
35 townhomes
Retail: 30,000 sf
Investment: $58M
Developer:
Milhaus Development
Contractor:
Milhaus Construction
Tres Bon
fashion.
grocery
COMPANY
PROFILE
&
PORTFOLIO
4
4
Company
Overview
46
Company Profile
WiRED
[Winder
46
Blair Williams
48
Ravenna MILWUAKEE
Development
49
50
4
MILHAUS
PARKEAST
PROPOSAL
5
COMPANY PROFILE
Blair
Williams
Founder:
Winder
Real
Estate
Development,
Inc.
(WiRED)
(414)
803---9699
blair@wiredproperties.com
Blair
W.
Williams
founded
Winder
Real
Estate
Development,
Inc.
(WiRED)
in
August,
2005.
Blair
is
a
native
Milwaukeean
and
is
passionate
about
Milwaukee.
A
graduate
of
the
University
of
Wisconsin
Madison
with
a
B.A.
in
History,
a
J.D.,
an
M.B.A.
and
an
M.S.
in
Real
Estate,
Blair
is
also
a
dedicated
Badger.
After
graduating
from
UW,
Blair
moved
to
Dallas,
Texas
with
his
wife
Stacy
and
spent
two
years
cultivating
his
passion
for
real
estate.
Dallas,
a
city
with
many
charms,
lacked
a
certain
dynamism
so
present
Milwaukee.
In
2000,
Blair
and
Stacy
moved
back
to
Milwaukee,
where
Blair
joined
the
award---winning
real
estate
development
firm
Mandel
Group,
Inc.
4
MILHAUS
PARKEAST
PROPOSAL
6
THE
CORNERSTONE
Milwaukee,
WI.
Located:
4510
N.
Oakland
Avenue
Shorewood,
WI
53211
Status:
Complete
Retail:
11,500
sf
Investment:
$8.3
m
Developer:
WiRED
Manager:
WiRED
Located at the north end of
Shorewood's retail district, this
development redefined life in
Shorewood and the surrounding
community. The development
process started with a gas
station in foreclosure on a piece
of land in two municipalities
with environmental challenges
in the worst economic
conditions in generations, and
the process has ended with a
terrific retail and residential
community. With
unprecedented cooperation
between Whitefish Bay and
Shorewood, and a truly
dynamic public/private
partnership between the
developer and Shorewood, the
team has produced an awardwinning mixed-use community
of the highest value. The
building's retail is 100%
occupied by local retailers, and
the apartments have offered a
new way to live in the North
Shore.
4
7
RAVENNA
Milwaukee,
WS.
Located:
4510
N.
Oakland
Avenue
Shoreland,
WI.
53211
Status:
Complete
Retail:
8,100
Investment:
Developer:
WiRED
Manager:
WiRED
Located at the north end of
Shorewood's retail district, this
development redefined life in
Shorewood and the surrounding
community. The Great Recession
interrupted the development
process until 2012. But, with the
completion and success of The
Cornerstone across the street, it
became time to develop Ravenna
as apartments instead of
condominiums. Together with
The Cornerstone, Ravenna has
completed the development of
the north end of Oakland Avenue.
The building's retail is 100%
occupied by local retailers, and
the apartments have offered a
new way to live in the North
Shore.
Located:
6006
W.
Mequon
Road,
Mequon,
WI
53097
Status:
Construction
Retail:
36,000
Investment:
~$19mm
Developer:
WiRED
Manager:
WiRED
Mequon
Town
Center
is
the
realization
of
the
City
of
Mequons
vision
for
a
new
center
of
the
community.
Nearly
a
decade
ago,
the
City
recognized
the
untapped
opportunity
to
create
a
district
with
greater
intensity
of
use
and
more
urban
densities
in
order
to
establish
a
neighborhood
with
dynamic
energy.
Through
effective
planning
and
sheer
dedication
to
purpose,
the
City
created
a
process
that
has
resulted
in
this
new
community.
The
assembled
parcel
combined
a
former
gas
station,
the
American
Legion
Post,
two
small
houses,
and
a
city
owned
lot
to
create
an
opportunity
where
the
whole
is
greater
than
the
sum
of
the
parts.
Now,
a
new
community
featuring
luxury
apartments,
dynamic
retail
space,
and
incredible
civic
linkages
is
taking
form.
4
9
Location:
Drexel
and
Howell,
Oak
Creek,
WI.
53154
Status:
Developing
Retail:
36,000
Developer:
WiRED
and
Phelan
Development
Manager:
WiRED
Drexel
Town
Square
is
Oak
Creek's
newest
retail,
commercial,
residential
and
civic
development,
under
construction
on
the
corner
of
Drexel
and
Howell
Avenues.
Reminiscent
of
a
traditional
downtown,
the
new
development
includes
a
real
Main
Street
---
Oak
Creek's
first
---
with
a
new
City
Hall
and
library
on
a
town
square,
surrounded
by
retail
stores,
restaurants,
a
hotel,
shops,
businesses
and
apartments.
WiRED
Properties,
with
Phelan
Development,
is
the
developer
of
the
new
Main
Street,
and
will
begin
construction
in
early
2015.
5
MILHAUS
PARKEAST
PROPOSAL
0
ATTACHMENTS
Signature:
President
jeremy.stephenson@milhaus.com
Blair Williams
Founder of WiRED
blair@wiredproperties.com
2022 E. North Avenue Suite 300 Milwaukee, WI 53202
Signature:
(414) 803-9699
5
MILHAUS
PARKEAST
PROPOSAL
2
Milwaukee County
Broker Registration Form
Blair W. Williams
55385
Broker Name_________________________________________
License Number___________________________
Agency_______________________________________________________________________________________
2237 N. Lake Dr.
Milwaukee
WI
53202
Address_________________________________________City___________________State_________Zip_______
414-803-9699
Phone________________________
Cell___________________________ Fax____________________________
blair@wiredproperties.com
Email________________________________________________________________________________________
Property of Interest:
2&4
2A, 4A, 4B
Park East Block(s)______________________
Lot(s)_____________________
Brokers Acknowledgment
I represent and warrant that I am the sole broker for the above-listed client, and that I am not, nor will I be at the
time of sale, a principal of my client or any entity having an ownership interest in my client. I acknowledge that
Milwaukee County will not pay brokerage fees to brokers who are also buyers, nor will Milwaukee County pay
multiple brokerage fees for the same properties. Moreover, I represent and warrant to the County that I am a
licensed real estate broker in the State of Wisconsin and that my license remains in good standing. I acknowledge
that Milwaukee County will verify this information and recognize that I will be ineligible to receive the brokerage
fees described below if misrepresentations pursuant to this acknowledgement are uncovered. I shall hold harmless
and indemnify Milwaukee County from any and all claims, costs or expenses, including attorneys fees, which may
arise out of any actions or inactions or representations made by me in connection with the sale of this property.
As the registered broker for my client in compliance with the above-stated terms, I am entitled to a flat brokerage fee
of $50,000 per acre, prorated on a hundredth of an acre basis, at the time of closing if closing occurs within 24
months of my client entering into an option to purchase with the County. If closing does not occur in that 24 month
time frame, I am not entitled to any brokerage fees and shall have no cause of action against the County.
In addition to my signature below, please find the signature of my client, indicating it has seen and agreed to the
above.
10/1/2014
Broker Signature________________________________________________Date_______________________
Client Signature________________________________________________Date________________________