MILWAUKEE, WI (May 23, 2008) – Lauth® today released a draft conceptual sketch of its proposed retail/entertainment project adjacent to The Bradley Center, home of the NBA’s Milwaukee Bucks, Marquette University Basketball, AHL’s Milwaukee Admirals, concerts and other events that attract 1.5 million visitors a year.
“We are pleased to share with the community a first draft of our vision for this project,” said Larry Evinger, First Vice President of Retail at Lauth. “We believe this conceptual sketch shows the exciting type of development we hope to build on the site in the coming years.”
Lauth’s concept includes over 500,000 square feet of retail on 12 acres adjacent to the Bradley Center. The multi-level development will include space for major anchor tenants, Jr. anchors, and small shops. It also features a parking garage as well as space for dining and entertainment venues.
Lauth plans to develop the site in multiple phases. If market demand warrants, future phases of the project could include high-rise office, hotel, and/or residential towers. Success of the project could also lead to an expansion of the development north into the Park East area. Evinger expects the preliminary sketch to be modified based on input from the community and potential tenants, but overall “we view this project as a destination and a focal point for activity and development in the area.”
The next step for the project includes generating additional retailer interest and finalizing the development plan. Lauth hopes to present a more detailed plan to the city in the next year.
This marks the latest announcement for Lauth, one of the nation’s leading development and construction firms. Earlier this month, the company celebrated the grand opening of a 12 screen Cinemark Theater at its 750,000 square foot Porter’s Vale retail development in Valparaiso, Indiana. Last month, it announced plans to build two new distribution buildings in North Pointe Industrial Park near the Port of Charleston. Earlier in April it broke ground on a 68,500 SF medical office building adjacent to Imperial Point Medical Center in Ft. Lauderdale, Florida. The company also recently hosted a media tour of NASCAR® Plaza, a 20-story, world-class office tower integrated with the NASCAR Hall of Fame in downtown Charlotte.
Since 1977, Lauth has been building facilities for clients to lease or own throughout the United States. Lauth’s years of solid experience, coupled with completed projects worth billions, make it a leading national development and construction firm. Lauth delivers virtually any type of facility including healthcare, industrial, office, and retail from offices in Indianapolis, Charlotte, Dallas, Denver, Orlando and Phoenix. Additional Lauth information is available at www.lauth.net.