HSA Commercial Real Estate and Fiduciary Real Estate Development will develop up to 1,050 luxury residences during the next seven to 10 years on land next to The Mayfair Collection shopping center in Wauwatosa, Wis.
Fiduciary will build and manage the residential buildings. The firm is scheduled to break ground on the development — named The District — in spring 2015 on the first phase totaling about 250 apartment units and 50,000 square feet of ground-level specialty retail space with tenant occupancy projected for early 2016.
Phase two is scheduled to break ground in 2016 and will also include 250 units.
“It’s exciting to see the vision Wauwatosa had for this area 15 years ago became a reality,” said Wauwatosa Mayor Kathy Ehley, in a written statement. “The continued growth around The Mayfair Collection is a good fit for our city and adds many options for housing, transit, employment and entertainment.”
The proposed luxury apartment buildings, located just off of Highway 45 at Burleigh Street, will be designed to promote density and walkability within an integrated mixed-use environment.
Future residents will be able to shop for groceries at Whole Foods Market; browse stores like Nordstrom Rack and Saks Fifth Avenue OFF 5TH; grab a coffee at Corner Bakery Café; or enjoy a meal at one of The Bartolotta Restaurants’ culinary offerings without getting in a car. Because the development site is located at the center of the largest commercial and employment corridor outside of downtown Milwaukee, many future residents will also enjoy a short commute to work.
