Three GRAEF Projects Named in 2022 Milwaukee Business Journal Real Estate Awards
17 projects in southeastern Wisconsin were selected to be honored at this year's Milwaukee Business Journal Real Estate Awards. These real estate projects feature new construction and redevelopments that continue to reshape the southeast Wisconsin landscape, and focus on the best real estate deals and projects completed the year before.
Among the honored projects were three GRAEF projects.
Best Renovation - Hospitality / Project of the Year
From the dome that decorates the ceiling of its performance hall to the ownership of dirt below the floors, the Milwaukee Symphony Orchestra’s mission to build a new home encountered layer upon layer of unusual challenges.
The project took a 1930s movie hall in downtown Milwaukee that could’ve been lost forever, and restored it to become a place that both secured the symphony’s financial future and served as a beacon for more investment in the surrounding area. The high-profile project was named as the Milwaukee Business Journal's Project of the Year.
Best New Development - Office
Komatsu Mining Corp.’s office building is the latest addition to Milwaukee’s growing waterfront district. An adjacent factory will complete the mining giant’s new Milwaukee campus, built on a 58-acre brownfield development.
The 180,000-square-foot office building sits at the east end of Greenﬁeld Avenue, opposite the UWM School of Freshwater Science. It also includes a robotics lab and the “Experience Center” which will attract people from all over the world for training.
The new office combines operations from two of Komatsu’s three Milwaukee-area facilities: one off National Avenue in West Milwaukee and the other at the Honey Creek Corporate Center in Wauwatosa. Opened last December, the company says it will house 700 professional and clerical jobs over the next 12 years.
Best Development - Education (Honorable Mention)
The remodel and addition transformed MSOE’s Roy W. Johnson Residence Hall to what is now known as Hermann Viets Tower, in honor of MSOE’s fourth president. A 13-story tower built in 1965, the residence hall was the oldest and largest dorm on MSOE’s campus. The transformation included the replacement of every window in the structure, yielding improved energy efficiency and increased sunlight. The new living facility is comprised of 12 floors of single and double rooms.