Saks Fifth Avenue OFF 5TH, Old Navy, and Carter’s Sign Leases at HSA Commercial’s Mayfair Collection

Rev Space G2 070313Timothy Blum, executive vice president and managing director of the Retail Division of HSA Commercial Real Estate, today announced that the firm has finalized leases with Saks Fifth Avenue OFF 5TH, Old Navy and Carter’s for The Mayfair Collection, a 270,000-square-foot shopping center development in Wauwatosa, Wisconsin. The project, which broke ground in April 2013, already has lease commitments with Nordstrom Rack, Dick’s Sporting Goods and Ulta Beauty.

The Wauwatosa location will be Saks Fifth Avenue OFF 5TH’s first in the state of Wisconsin. The store’s grand opening is projected to occur in spring 2014.

The Mayfair Collection project has attracted interest from several other unique, best-in-class retailers seeking their first locations in suburban Milwaukee and in the trade area of nearby Mayfair Mall, the primary regional shopping destination in the state of Wisconsin. To accommodate these retailers, HSA Commercial is adaptively repurposing functionally obsolete warehouse buildings along Highway 45 into new, contemporary retail environments that, through innovative design, celebrate the property’s industrial heritage.

About Saks Fifth Avenue OFF 5TH
Saks Fifth Avenue OFF 5TH is a world-class full-service destination for value-priced clothes and accessories for men, women, children and the home. The retailer’s 67 stores combine the two great joys of shopping: the delight of finding the very best and the thrill of the deal. Highly coveted designers are displayed alongside exclusive Saks brands you won’t find anywhere else, all in a luxury-in-a-loft environment that can showcase an emerging trend one day and a great deal the next. Saks Fifth Avenue OFF 5TH simply offers more style, more savings and more service than any other value retailer.

WTMJ4 Covers the Construction and Leasing Activity at The Mayfair Collection

tmcvideo
Last week, Milwaukee’s WTMJ4 aired an evening news segment discussing the recent construction and leasing activity taking place at The Mayfair Collection. The video, which is included above, features interviews with Wauwatosa Mayor Kathy Ehley who talks about the uniqueness of the adaptive reuse and the project’s significance as a catalyst for long-term development in the community.

The article also makes reference to the fact that The Mayfair Collection is expected to add 500 permanent full and part time jobs to the area after opening and is already generating 250 construction jobs.

Please click here to watch the WMTJ4 video segment, and stay tuned for exciting news about The Mayfair Collection.

HSA Commercial Breaks Ground on 270,000 SF Adaptive Reuse Retail Development in Suburban Milwaukee

Former Warehouse Buildings to be Converted to a Shopping Center Anchored by Nordstrom Rack and Dick’s Sporting Goods

Officials from HSA Commercial joined leaders from the City of Wauwatosa to celebrate the groundbreaking of Phase I of The Mayfair Collection, a large-scale, mixed-use development at Highway 45 and Burleigh Street in suburban Milwaukee, Wis. Phase I of the project will consist of adaptively repurposing functionally obsolete warehouse buildings along Highway 45 into new, contemporary retail environments that, through innovative design, celebrate the property’s industrial heritage.

From Left to Right: Alec Zocher of Premier Design + Build, Tim Blum of HSA Commercial, Mayor Kathy Ehley, Chris  Thomas of TOA Architects, Tom Gilgenbach of JSD Professional Services, and Ald. Craig Wilson

From Left to Right: Alec Zocher of Premier Design + Build, Tim Blum of HSA Commercial, Mayor Kathy Ehley, Chris Thomas of TOA Architects, Tom Gilgenbach of JSD Professional Services, and Ald. Craig Wilson

The Mayfair Collection project has attracted interest from unique, best-in-class retailers seeking their first locations in suburban Milwaukee and in the trade area of nearby Mayfair Mall, the primary regional shopping destination in the state of Wisconsin. Nordstrom Rack, Dick’s Sporting Goods, Ulta Cosmetics, and other category-leading retailers have signed leases for the development’s first phase which is scheduled to open in the summer of 2014.

“Our leasing efforts target the best possible retailers that will keep the Mayfair Mall trade area at the center of the retail universe in Wisconsin,” said Tim Blum, executive vice president with HSA Commercial. “Attracting that type of regional traffic will be essential in kick-starting a long-term development plan that achieves the ambitious vision that we share with the community of Wauwatosa.”

Leaders and Partners from HSA Commercial celebrate the groundbreaking of The Mayfair Collection.

Leaders and project partners from HSA Commercial celebrate the groundbreaking of The Mayfair Collection.

Last November, the City of Wauwatosa’s Common Council and HSA agreed on a proposal to create a tax increment financing district that will provide $8.5 million to cover infrastructure costs necessary to support the project. The highly-visible 69-acre site, known as the “Burleigh Triangle”—which is formed by Highway 45 to the west, Burleigh Street to the south, and the Union Pacific Railroad to the east—has been underutilized and targeted for redevelopment by City officials for years. While Phase I of The Mayfair Collection is primarily retail, the project’s additional phases contemplate the development of multi-family, office, and medical components subject to future market demand for those uses.

A backhoe tears into an existing Burleigh Triangle warehouse building.

A backhoe tears into an existing Burleigh Triangle warehouse building.

Des Plaines, Ill.-based Premier Design + Build will serve as general contractor for the project, and Evanston, Ill.-based TOA Architects is responsible for the design.