Last year the county created the rolling RFP process to accept bids on an ongoing basis for property that it owns in the Park East corridor. The county initially offered its Park East corridor land west of the Milwaukee River in the rolling RFP process. The owners of the Milwaukee Bucks have offered to purchase all of that land for $1 and have submitted a $400 million mixed use development proposal that would be built around the proposed new downtown arena.
The site added to the Park East rolling RFP today is on the east side of the Milwaukee River. It is a 2.3-acre block bounded by Water Street, Milwaukee Street, Broadway and Ogden Avenue. The block is just west of the block where Wangard developed its Avenir apartment building.
The county previously agreed to sell the site to Opus Development Corp. and Mercy Housing Lakefront Inc., which planned to build a mixed-use development with 190 apartments, 33,000 square feet of retail space, 21,000 square feet of office space and 340 parking spaces.
However, that development never moved forward and Opus and Mercy’s option on the property has expired.
More information about the RFP for the site is available by clicking here.