HSA Commercial Real Estate and the city of Wauwatosa, Wis., today jointly announce the approval of the terms of a development agreement that will facilitate the demolition of existing warehouse buildings and installation of additional infrastructure improvements necessary for future phases of The Mayfair Collection. The terms of the development agreement outline and provide infrastructure support for the creation of seven development pad sites, which can accommodate up to 750 additional residential units and 360,000 square feet of corporate office space.
Developed by HSA Commercial, the 69-acre mixed-use project at U.S. Highway 41/45 and Burleigh Street most recently added a 146-room Hilton Homewood Suites and 269-unit luxury apartment building called Synergy at The Mayfair Collection, both located adjacent to more than 500,000 square feet of retail anchored by Whole Foods Market and Nordstrom Rack.
“We have always shared a vision with the city of Wauwatosa to transform the ‘Burleigh Triangle’ from an underutilized warehouse complex into a vibrant, dense and walkable mixed-use community,” said Tim Blum, executive vice president with HSA Commercial Real Estate. “With the support of city leadership and staff, we’ve gone a long way in terms of achieving that vision through the opening of the initial retail, hospitality and apartment components; but this development agreement offers the roadmap to completely fulfill that common goal over the next several years.”
Mayor Kathleen Ehley stated, “The Mayfair Collection development in Wauwatosa has been very successful. We are pleased to support the future expansion of this project and add more residents and employees to one of our most vibrant mixed-use developments.”
Specifically, the terms of the agreement provide for the demolition and environmental remediation of the remaining warehouse buildings on the interior of the 69-acre site as well as the extension of the roads and infrastructure necessary to support the development of future residential and office buildings.
Demolition and site work are scheduled to begin this summer, with the pad-ready development sites available as soon as spring 2020.
“We believe we have positioned ourselves well to execute the future residential and office phases by building and curating a mix of retail and restaurants that will be attractive to residents and corporate users that want to be part of a true live-work-play community,” said Blum. “Imagine being able to step out of the door of your apartment or office and walk just steps away to Whole Foods or to a great local restaurant without ever having to get in your car. That will soon be the reality for hundreds of new residents and office workers at The Mayfair Collection.”