X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MILWAUKEE- The suburban town of Wauwatosa has been burdened for years by a collection of obsolete warehouses that date to the 1960′s. But as GlobeSt.com reported this week, Chicago-based HSA Commercial has broken ground on a project that will preserve the warehouse shells and fill the spaces with high-end retailers like Nordstrom Rack and Ulta Cosmetics, both of whom have already signed leases. Tim Blum, an executive vice president with HSA, says he does not know of another project like it.

“We’ve made a habit repurposing buildings into new retail, but not on this scale or in just this way.” In the first phase of the project, HSA will remake three of the site’s warehouses by connecting them with walkways, redoing the fronts, the roofs and updating all building systems, resulting in 270,000-square-feet of retail called The Mayfair Collection. Preserving and using the warehouse shells, which Blum says remain quite sound, will reduce construction costs by about one-third.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.