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Retail Development

Tuesday, January 8, 2013

Retrospective: Top Tosa Business Stories in 2012

During a year when politics often took our attention away from the business going on right around us, retail development in Wauwatosa went from next-to-nowhere to no-end-in-sight growth.

2012 may be remembered as the year retail business development in Wauwatosa started out in the doghouse and came out king of the hill. One year ago, the economic development gurus of Tosa were dismayed with the scope, the type and the timetables of new and proposed retail projects on the table and on the horizon. There were much higher hopes for bigger and bolder visions, such as UWM's Innovation Park technology research and development center – which just bore its first fruit Tuesday night. But now, the retail joy is overflowing, it is our city's shining beacon again, and that is thanks mostly to one magic name: Nordstrom. A year ago, a mere Nordstrom Rack clearance store was a bauble that had been dangled in front of Wauwatosa shoppers …

Sunday, August 14, 2011

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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