More likely the company will now have to move to leased space in an existing office building. Marcus was expected to be an anchor tenant in the planned, 20-story tower, but was virtually certain to be unable to construct a new building in time to vacate its current home. The publicly-traded company is one of the last remaining tenants. The office tower is to be redeveloped into an apartment building following a foreclosure suit.
The listing was announced just a week after it was revealed that Marcus would need to move its headquarters from the 100 East office building. Barry’s listing sheet only references the larger parking lot. Water St.Ī future developer would likely be able to assemble the street and former county lot into the same larger development site. In 2018, it paid the county $50,000 for the smaller lot, 1301 N. In 2015, Marcus purchased the riverfront site, long used as a parking lot, for $3.1 million. to Marcus, with the company configuring it as a public green space for the time being. Milwaukee County already sold a 23,268-square-foot lot between N. Edison St., conveying the underlying land to the firm. The City of Milwaukee would have vacated the one-block segment of N. The Edison Place development was to include two additional properties.
Marcus envisioned using the property as part of a larger, 2.25-acre development site. We are confident that there will be very strong interest in this site,” said Barry Company president James T. “This is one of the most appealing development properties available in Milwaukee, with an outstanding location and extensive Milwaukee River frontage. It hired The Barry Company to market the property. is selling the 1.23-acre riverfront development site at 1301-1357 N. Rendering by InPlace Design.Ī proposal to develop a 20-story, mixed-use tower and eight-screen movie theater complex in downtown Milwaukee is dead.
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