City Development Panel Amends, Approves Burleigh Triangle TIF

City's TIF District No. 7 would offer $7.2 million in assistance to The Mayfair Collection retail redevelopment project, but only on a "performance incentive" plan.

In meetings Thursday, the company proposing to redevelop the Burleigh Triangle presented its plan and formally asked for public tax financing assistance to proceed. HSA Inc. got approval for its plan from a key economic development board, but only after $1.5 million of its request was shaved off. HSA came in requesting $8.7 million in assistance through creation of a tax-incremental financing district, City Attorney Alan Kesner said, but the Community Development Authority approved up to $7.2 million. Kesner said that the development authority held that HSA's draft project plan supported only the reduced sum. The approval is not final; it goes next to the city's Budget and Finance Committee and must finally be approved by the full Common …

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City, Developer Ready to Unveil Burleigh Triangle Financing Plan

In a public hearing set for Nov. 1, we'll hear long-awaited details of a tax-assisted plan for getting The Mayfair Collection off the ground.

Meijer Chain Puts Wauwatosa Store in Its Plans

Michigan-based supercenter store would occupy former industrial site immediately south of the Burleigh Triangle.

A large, vacant property in Wauwatosa's northwest industrial corridor will get a makeover as a new supercenter store if a Michigan company has its way. Meijer Inc., which owns nearly 200 combination supermarket and discount merchandise stores in the upper Midwest, has applied for permitting to build on the former Stroh Die Casting property at 11123 W. Burleigh St., according to city planner Jennifer Ferguson. The store would occupy 157,000 square feet on the site, Ferguson said. Stroh Die Casting left Wauwatosa in 2009 and the property has been unoccupied since. It lies just south of the former Roundy's Inc. distribution center now commonly known as the Burleigh Triangle. The proposal is part of a major move by Meijer into the Milwaukee …

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TIF for Tat: On Burleigh Triangle, City, Developer Look for Common Ground

Wauwatosa, Chicago developer expect year-long tax district negotiations to culminate in an agreement, but it requires a civic commitment to an unprecedented arrangement.

The Burleigh Triangle – a nearly 70-acre site dubbed a blighted area, ripe for redevelopment – remains in its unkempt, vacant warehousing state as negotiations between a developer and the city to provide property tax-based financing support notch a one-year anniversary. At stake for both parties is a $45 million retail development plan on the parcel. The Chicago-based HSA Commercial Real Estate Inc. received city approval in May 2011 for preliminary plans for the first phase of its Mayfair Collection project, which calls for converting empty warehouses to nearly 275,000 square feet of retail space. The city's Community Development Committee earlier this week approved a second six-month extension for submission of final plans for the …

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Alterra Cafe Wins Final Approval; Burleigh Triangle Project Wins Delay

Long-vacant medical building site at Wells and 68th streets will finally be redeveloped.

Alterra Coffee Roasters’ plan for a cafe on West Wells Street at North 68th Street received final approval Tuesday from the Common Council, which also granted a six-month extension on preliminary redevelopment plans for the Burleigh Triangle. Alterra is buying the Wells Street property and will demolish a 4,600-square-foot medical clinic building, built in 1958, that has been vacant and idle for nearly a decade. In its stead will be a 3,200-square-foot café intended to create 15 full-time-equivalent positions. Developer William Ibach bought the site in 2003 for $375,000. His plans to develop a $2.5 million, eight-unit townhouse condominium project fell through due to the recession. The property currently is valued at $325,000, according to…

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Burleigh Triangle Retail Project Won't Break Ground Until 2012

However, $45 million project is resilient enough to withstand bleak economy, developer says.

A $45 million retail complex proposed for the Burleigh Triangle is slated for spring 2012 construction rather than this fall, according to the project developer, Chicago-based HSA Commercial Real Estate Inc. The city approval process, including HSA's request for the city to create a tax incremental financing district that will allow HSA to recover up to $8.67 million in public infrastructure costs, and other approvals required for the project are "taking on more of a glacial pace," said Timothy Blum, HSA's executive vice president and retail division managing director. Still, Blum said, "We're more optimistic each day." HSA's optimism resides in a project that Blum says will address pent-up demand, although "we're very concerned about the …

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