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Block 2 & 4

PARKEAST
A Proposal from:
Milhaus Development
With:
WiRED Properties

Acquisition and Development of Blocks 2A and 4A & 4B


Park East, Milwaukee Wisconsin
RFP #: 2014 ED01
DEADLINE DATE: October 6, 2014

Block 2 & 4 - PARKEAST


TABLE OF CONTENTS

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

Signed Letter of Transmittal

Attachments A-E, R

MILHAUS PARKEAST PROPOSAL 2

INTRODUCTION

MILHAUS PARKEAST PROPOSAL 3

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.

MILHAUS PARKEAST PROPOSAL 4

DEVELOPMENT
TEAM

MILHAUS PARKEAST PROPOSAL 5

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)

MILHAUS PARKEAST PROPOSAL 6

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.

MILHAUS PARKEAST PROPOSAL 7

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.

MILHAUS PARKEAST PROPOSAL 8

Case Study and Comparable Projects


Case Study: Gantry 4100 Hamilton Ave, Cincinnati, OH
Recently, Milhaus began construction on Gantry, a $16 million mixed-use project in
Cincinnatis Northside neighborhood. Located on the former Myron Johnson Lumber Company
property along Hamilton Avenue, the Site is Northsides crown jewel gateway. Immediately upon
being selected by the neighborhood and City as the preferred developer for the project,
Milhaus set up a steering committee of local stakeholders to guide us in understanding what the
neighborhood wanted to see happen with the site. We held a community charrette where
instead of presenting plans to the community we listened and asked the community for their
feedback. We listened to what they wanted to see. It was several months before we ever
presented a design to the neighborhood because it took us that long to feel comfortable that
we really understood the neighborhoods goals and vision for the property. As we refined
our plans throughout the construction documents process, we continuously presented
updates to the neighborhood to ensure that everyone was kept in the loop of how the
project was evolving. The start of construction this past month marks the next step in the
process for this important investment in the Northside community.
Our Team will take a similar approach to this project as we did on Gantry. We know that the
Neighborhood cares about what happens with this project. With that being said, we fully intend to
operate within the financial parameters of the deal. Our financing partners have specific yield
requirements that we must hit, and we are committed to delivering a project that makes longterm economic sense. The vision will be bold, but realistic. The project must work financially,
and we will make sure that it does.
We will work with CHCURC to develop a strategy for how to best work with the interested
parties to develop our plans for the project. The Clifton Heights Business Association, CUF
Neighborhood Association and the University of Cincinnati will all have an integral role bringing
this project to fruition. We will immediately bring in stakeholders for a steering committee of
4-6 people to guide us throughout the process. We will spend time learning from the
steering committee on how our development plans meet the Communitys long-term vision
and goals for the neighborhood. We will take the knowledge gained from these meetings to
develop plans that deliver the best solution possible.

MILHAUS PARKEAST PROPOSAL 9

Comparable Projects: Artistry

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.

MILHAUS PARKEAST PROPOSAL 10

Comparable Projects: Lift

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

Lift is located in the revived Midtown neighborhood of Oklahoma City on 3 acres at


the corner of 10th Street and Shartel Avenue. Milhaus is developing a four and five
story building that includes amenities such as a lap pool, outdoor kitchen, state of the
art wellness studio, and two elevated courtyards. Construction began in the Summer
of 2014. The first units, which will include eco-suites, studios, one bedrooms, two
bedrooms, and three bedrooms, are scheduled to be available in the Summer of
2015.

MILHAUS PARKEAST PROPOSAL 11

Comparable Projects: Circa

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

Located in the Chatham Arch Historic District in Downtown Indianapolis, Circa is


blending old and new in a 265-unit redevelopment of a historic industrial
property. Adjacent to the Indianapolis Cultural Trail and less than a block from the
Mass Ave Cultural District, Circa will be well connected to some of the citys best
shopping, restaurants, and entertainment. The project includes a mix of studios,
one, two, and three bedroom units in five new apartment buildings, as well as the
complete rehabilitation of an existing historic structure. Property amenities will
include an entertainment deck and pool, cross-training studio, indoor bicycle
parking, makers work room, and lounge. Circa welcomed its first residents in the
Summer of 2014, and construction will be completed in Spring 2015.

MILHAUS PARKEAST PROPOSAL

12

DEVELOPMENT
PLAN

MILHAUS PARKEAST PROPOSAL 13

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

MILHAUS PARKEAST PROPOSAL 14

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.

MILHAUS PARKEAST PROPOSAL 15

Design Concept Narrative


Residential
Commercial
Parking

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

MILHAUS PARKEAST PROPOSAL 16

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.

Block 2B Parking Structure

PARCEL 4A
PARKING
BASEMENT LEVEL
ENCLOSED PARKING STRUCTURE
104 PARKING SPACES

NORTH 4th STREET

WEST McKINLEY AVE

Proposed Below Grade Plan (Parcel 4a)


SCALE: See Graphic Scale

SP 3.0 LOWER LEVEL SITE PLAN

Project #

M2014-26 |

Date Issued: OCTOBER 2, 2014

Blocks 2&3 Park East


MILWAUKEE WI 53203

the

Consortium ae LLC
2022 E. North Avenue | Milwaukee | WI 53202 | Gregg Prossen, Principal
TELEPHONE 414.406.7625

MILHAUS PARKEAST PROPOSAL

17

Blocks 2 & 4 Ground Level


WEST McKINLEY AVE
275'-6"

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

TWO WAY ALLEY W/ TRAFFIC CALMING BLVD

71 PARKING SPACES

CORNER
DISTINCTIVE
DESIGN ELEMENT

RETAIL-COMMERCIAL

PARKING
PARCEL 4B

52'-5"

62'-0"

5 TIER OPEN PARKING STRUCTURE


TIER 1 & 2 = 102 SPACES/TIER
TIER 3,4 & 5 = 169 SPACES/TIER
TOTAL PARKING = 711 SPACES

187'-4"

GATED & PRIVACY WALL


25' WIDE TWO WAY
TRAFFIC (NO PARKING)

RETAIL-COMMERCIAL

NORTH 5th STREET

COMMUNITY

POTENTIAL PKG
ACCESS

ACCESS LOWER LEVEL

GRADE LEVEL
ENCLOSED PARKING STRUCTURE
49 PARKING SPACES
153 TOTAL SPACES

102'-0"

POOL

PEDESTRIAN
BRIDGE

MULTI-FAMILY COMMUNITY

DASHED LINE INDICATES POTENTIAL


GROUND FL 10.6KSF RETAIL

DASHED LINE INDICATES EDGE OF BLDG ABOVE

150'

NORTH 6th STRE


ET

PARCEL 2A

POTENTIAL PKG
ACCESS

MIXED USE
CORNER
DISTINCTIVE
DESIGN ELEMENT

283'-6"

WEST JUNEAU AVE


0

30'

60'

SCALE: 1"=60'
PROPOSED SITE PLAN

Project #

M2014-26 |

Date Issued: OCTOBER 2, 2014

120'

Proposed Street Level Plan


SCALE: See Graphic Scale

Blocks 2&3 Park East


MILWAUKEE WI 53203

the

Consortium ae LLC
2022 E. North Avenue | Milwaukee | WI 53202 | Gregg Prossen, Principal
TELEPHONE 414.406.7625

MILHAUS PARKEAST PROPOSAL 18

Blocks 2 & 4 Floors 2 5


WEST McKINLEY AVE

62'-5"

275'-6"

PARCEL 4A
154'-5"

NORTH 5th STREET

62'-5"

150'

ET

PARCEL 2A

NORTH 6th STRE

MULTI-FAMILY

289'-4"

5 TIER OPEN PARKING STRUCTURE


TIER 3,4 & 5 = 169 SPACES/TIER
TOTAL PARKING = 780 SPACES

GREEN ROOF

62'-5"

158'-8"

62'-5"

283'-6"

NORTH 4th STREET

62'-1"

MULTI-FAMILY

GREEN ROOF
187'-4"

PARCEL 2B
PARKING

62'-5"

PARCEL 4B

MULTI-FAMILY

WEST JUNEAU AVE


0

30'

60'

120'

Proposed Upper Level Plan


SCALE: 1"=60'

SP 2.0 UPPER LEVEL SITE PLAN

Project #

M2014-26 |

Date Issued: OCTOBER 2, 2014

SCALE: See Graphic Scale

Blocks 2&3 Park East


MILWAUKEE WI 53203

the

Consortium ae LLC
2022 E. North Avenue | Milwaukee | WI 53202 | Gregg Prossen, Principal
TELEPHONE 414.406.7625

MILHAUS PARKEAST PROPOSAL 19

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.

MILHAUS PARKEAST PROPOSAL 20

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.

MILHAUS PARKEAST PROPOSAL

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

MILHAUS PARKEAST PROPOSAL

22

Public / Private Partnership


With a well-documented set of existing conditions, we believe that development of the corridor faces
three distinct challenges: 1.) the presence of significant subsurface foundations remaining from the
demolition of the freeway; 2.) material environmental contamination; 3.) a substantial MMSD
stormwater structure serving the freeway.

MILHAUS PARKEAST PROPOSAL 27

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.

Projected Tax Base Section


Based upon the Project as defined, we project a total assessed value for the development of ~$63,000,000
inclusive of all retail/mixed use space and the 331 units of apartments. Based upon our Teams ability to
execute this development as a single phase, and with real estate taxes paid in arrears, we project that tax
base to generate full real estate tax revenues as early as 2018.

Workforce: Residential Hiring Goal and Plan


Our team acknowledges and accepts the Residential 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.

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.

MILHAUS PARKEAST PROPOSAL 28

Projected Jobs Created

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.

DBE Goal and Plan

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.

MILHAUS PARKEAST PROPOSAL 29

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.

MILHAUS PARKEAST PROPOSAL

3
0

APPENDIX

MILHAUS PARKEAST PROPOSAL

3
1

Contact Information
Milhaus

WiRED Properties

530 E. Ohio Street, Suite A


Indianapolis, IN 46204
Contact:
Jeremy Stephenson
President of Development
jeremy.stephenson@milhaus.com
317-602-6125

2022 E. North Avenue Suite


300 Milwaukee, WI 53202
Contact:
Blair Williams
Founder of WiRED
blair@wiredproperties.com
414-803-9699

52

APPENDIX

3
MILHAUS PARKEAST PROPOSAL 2

COMPANY
PROFILE &
PORTFOLIO

530 East Ohio Street, Suite


A Indianapolis, IN 46204

MILHAUS PARKEAST PROPOSAL 3


3

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

Alexandra S. Jackiw, CPM


President of Milhaus Management, LLC
317-672-7903
alexandra.jackiw@milhaus.com
Alexandra (Alex) Jackiw is President of Milhaus Management, LLC. She is responsible for the oversight of all property management
operations and asset management functions for the Milhaus-owned portfolio and the expansion of the management services
platform for institutional, third-party clients. Alex is a nationally-recognized real estate executive with extensive experience
managing large portfolios throughout the U. S. for both privately-held and publicly traded companies. In addition to property and
asset management, her experience includes marketing, training, consulting and business development.
Alex received her Bachelors degree in Chemistry from the University of Rochester and a Masters degree in Education from Ohio
University. Active in professional organizations, she served as Chairman of the Board of the National Apartment Association (NAA)
in 2013 and President of the NAA Education Institute from 2008 through 2009. Alex is also a member of the Institute of Real Estate
Management, National Multi Housing Council, Housing Education and Research Association, and IndyCREW. She is past chair of the
Residential Property Management Advisory Board at Virginia Tech and will complete a four-year term as President of the Ball State
University Residential Property Management Advisory Board in 2014. Alex has held adjunct faculty appointments at both Virginia
Tech and Ball State University where she has continued to teach in their respective Residential Property Management programs for
a number of years.

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.

MILHAUS PARKEAST PROPOSAL 3


9

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.

MILHAUS PARKEAST PROPOSAL 4


0

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

The second phase of Milhaus's


Artisty project in downtown
Indianapolis, the project will
feature two contemporary
five-story mixed-use buildings.
Proposed to be LEED-certified,
this project is being developed
with a focus on sustainable
building practices and ecoconscious design. Space is
planned for multiple types of
commercial users, including a
large retail space with drive-thru
capabilities. West facing units
will overlook the city's skyline.

WASHINGTON STREET

MILHAUS PARKEAST PROPOSAL 4


1

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.

MILHAUS PARKEAST PROPOSAL 4


2

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

Highland Row is located across


the street from the University of
Memphis campus in the heart
of the city. The project includes
office, retail and residential
uses that will transition from a
craftsman-style neighborhood
to the west into the university
campus to the east. With the
involvement and proximity of the
University, this will be an active
24-hour destination. Surface
and structured parking will be
available, along with multiple
unique product types to appeal to
all residents.

MILHAUS PARKEAST PROPOSAL 4


3

COMPANY PROFILE
& PORTFOLIO

2022 E. North Avenue Suite


300 Milwaukee, WI. 53202
(414) 375---0244
www.wiredproperties.com

MILHAUS PARKEAST PROPOSAL

4
4

Company Overview
46

Company Profile

WiRED [Winder
46

Real Estate Development, Inc.]

Blair Williams

Selected Projects Completed


47

The Cornerstone MILWAUKEE

48

Ravenna MILWUAKEE

Development
49

Mequon Town Center MILWAUKEE

50

Drexel Town Center OAK CREEK

4
MILHAUS PARKEAST PROPOSAL 5

COMPANY PROFILE

Located in Milwaukee, Wisconsin, WiRED Properties is a boutique full---service real


estate development, consulting, and construction rm who 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 actively
seeks dynamic business opportunities to cultivate those connections through high
quality real estate development. Since 2010, WiRED has developed 72 units of
multifamily housing with 55,000 square feet of mixed-use, with 48,000 sf of retail
and 158 multifamily units under development Additionally, WiRED has acted as
the owner's representative of another 290 multifamily units,.

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.

MILHAUS PARKEAST PROPOSAL

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.

MILHAUS PARKEAST PROPOSAL 4


8

MEQUON TOWN CENTER


Mequon, WI

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.

MILHAUS PARKEAST PROPOSAL

4
9

DREXEL TOWN SQUARE


Oak Creek, WI.

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

MILHAUS PARKEAST PROPOSAL 5 1


1

Signed Letter of Transmittal


Milhaus Development LLC (Milhaus) and WiRED Properties (WiRED) understand the agreement to be
made with the County. The individuals authorized to make representations and enter into any agreement
on behalf of the prosper are:
Jeremy Stephenson

Signature:

President
jeremy.stephenson@milhaus.com

Date: October 6, 2014

530 E. Ohio Street, Suite A Indianapolis, IN 46204


317-602-6125

Blair Williams
Founder of WiRED
blair@wiredproperties.com
2022 E. North Avenue Suite 300 Milwaukee, WI 53202

Signature:

Date: October 6, 2014

(414) 803-9699

5
MILHAUS PARKEAST PROPOSAL 2

Financial Feasibilty pages 23-28 Milhaus Financials and Investor Background

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________________________________________________________________________________________

Client Name (RFP Proposer) _____________________________________________________________________


Address_________________________________________City___________________State_________Zip_______
Phone________________________ Cell___________________________ Fax____________________________
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________________________

Submit form as Attachment R of RFP ED01-2014

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