Wednesday, May 15, 2013
The ambitious plans for the corner of Drexel and Howell continue to move ahead, with work under way at the site now and a public hearing coming up in June.
Progress on Oak Creek's much-publicized Drexel Town Square development comes in both visible and invisible ways. Visible work is happening now at the corner of Drexel and Howell avenues, where several trucks and workers are digging up concrete at the 85-acre site. That work will continue until the end of July, and the concrete will be re-used within the development. The invisible: the Drexel Town Square site plan has begun moving through the city government review process, with a public hearing set for June 18 and a final Oak Creek Common Council vote sometime soon after that. "Given the complexities of the commercial real estate market, the financing market and everything else that's been going on since the crash of 2008, I feel we're …
Thursday, February 7, 2013
The developers and architect involved with the Drexel Town Square project say they are excited to create a new identity for the city.
The idea of creating a downtown and a town center from scratch, while not unprecedented, certainly isn't common, either. But the developers and architect involved with the Drexel Town Square redevelopment project, planned for the corner of Drexel and Howell avenues in Oak Creek, say its the uniqueness drew them in. Rick Barrett, Blair Williams and Matt Rinka are bringing their high profiles in the Milwaukee development community—and more importantly, their successful track records—to Oak Creek to help develop an entirely new identity for the city. Barrett will develop the residential component on the west end of the site, which will include about 500 to 600 high-end apartments. Williams is focused on the downtown portion of the project, …
Wednesday, January 16, 2013
Developers have scrapped plans for junior box stores on the eastern third of the former Delphi property, saying a strong anchor store is needed to attract other tenants.
When plans for a town center on the former Delphi property were first presented, "junior box" stores were proposed for the eastern third of the 85-acre site, with some city officials and residents skewering the idea of a big box on the site. Things have changed. As the team leading the project began shopping the plan, centered on a new downtown for Oak Creek with high-end apartments on the west, one of the first questions often asked by prospective companies was, "who is anchoring the site?" It became clear to developers they may need a big box store if they want to draw tenants to the downtown, where planners envision shops leading to a town square. The collection of junior box stores, as first planned, wasn't going to be enough to draw …
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9:14 pm on Friday, May 17, 2013
Wal-Mart, the single largest retailer, to the list. Wal-Mart just reported that same-store sales fell 1.4%. Read more at http://investmentwatchblog.com/wal-mart-warns-of-economic-disaster-are-you-prepared/#fVORLRSiEylt6iag.99 more ›