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The Mayfair Collection apartment development moves forward Milwaukee-based Fiduciary Real Estate Development Inc. purchased just under 4 acres of land on the north side of The Mayfair Collection in Wauwatosa and has started phase one of a residential development that is slated to eventually include up to 1,050 luxury apartments. FRED-Synergy LLC, which is registered to Brett Miller, president and chief executive officer of Fiduciary Real Estate Development, bought the parcel from HSA Commercial Real Estate, the Chicagobased developer of The Mayfair Collection, for $3.2 million, according to state records. The property, at 11220 and 11240 District Drive, is located just north of the Bartolotta restaurants and the 140-room Hilton Homewood Suites hotel that is currently under construction. It will be the site for the first phase of the residential development, to be called, “Synergy at The District,” and will include 268 apartments with 50,000 square feet of ground level retail space, said Karl Schreiber, building and safety manager for the City of Wauwatosa. The apartments will be built in two buildings, with apartments ranging from studio units to two bedrooms with dens that are 450 to 1,200 square feet. Rents will average $1,450 a month, said Craig Raddatz, partner and vice president of acquisitions with Fiduciary.
Mills Fleet Farm plans store at Pabst Farms in Oconomowoc Mills Fleet Farm plans to build a 218,628-squarefoot store at I-94 and Highway 67 in the Pabst Farms development in Oconomowoc, according to plans submitted to the city, and hopes to begin construction in June.
David Pudlosky, vice president of JLL’s Wisconsin office, playing baseball at UW-Milwaukee.
the athletic department would be another way to keep students in the area after graduation, said Tracy Johnson, president and chief executive officer Johnson of CARW. Johnson said it could be as simple as hosting an event to get the two organizations acquainted with each other, but she believes it will lead to something more. “I don’t know what the program will look like, but when we got together we 24
couldn’t stop thinking of ideas,” Johnson said. “They have the energy and entrepreneurial spirit that connects well with what we do and who our members Pudlosky are. This is a great opportunity and we are excited to take it a step further.” David Pudlosky, vice president of JLL’s Wisconsin office, always knew he wanted to go into real estate. When he was a child, he would grab the sports and real estate B i zT i m e s M i l w a u k e e
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sections from his parents’ Sunday paper and pore over the two, unable to decide which he liked better. Pudlosky believes his time playing baseball at UWM from 2000 to 2003 has helped immensely in his career. “Being in commercial real estate, you hear ‘no’ a lot. You also work as a team with your colleagues, with your client. On a baseball team, it’s 30 guys and 30 personalities,” Pudlosky said. “It’s a grind all day, every day and you can’t do it right if you are half-hearted about it and don’t love it.”
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The proposal for the Mills Fleet Farm store includes the main store building, a covered outdoor materials yard and a 4,900-square-foot convenience store with three car wash bays and a gas station located on a 19-acre site. The parking lot would have spaces for 652 cars, according to plans submitted to the city. If approved, this would be Mills Fleet Farm’s 18th location in Wisconsin. Other locations include Germantown and West Bend. In February 2016, New York-based investment firm KKR acquired Mills Fleet Farm, which has headquarters in Brainerd, Minnesota. The project would be the first development at the Town Centre portion of Pabst Farms. A decade ago, developer Peter Bell’s 1,500-acre Pabst Farms development included plans for a 1 millionsquare-foot upscale regional shopping center, called the Pabst Farms Town Centre, northeast of I-94 and Highway 67.
Wisconsin Athletic Club to operate fitness center in U.S. Bank Center The Wisconsin Athletic Club has partnered with U.S. Bank to operate the fitness facility in the U.S. Bank Center in downtown Milwaukee, beginning April 3. The fitness center, “Club 777,” is located in 12,000 square feet on the lower level of the office tower. The gym is available to tenants in the U.S. Bank Center and U.S. Bank employees at Juneau Square North and South and the Lewis Center. U.S. Bank hired the Wisconsin Athletic Club to operate the gym but will continue to own and develop the space, said Pat Swanson, assistant vice president for corporate communications for U.S. Bank. Building tenants can pay $10 a month for locker room and shower access or $75 a month for full access to the building’s fitness center and all of the WAC’s seven facilities.
Kleber said when he first started in commercial real estate, he was counting commission checks before the deal was even signed and when they fell apart, it was tough, but he knew how to deal with it. “College sports, no matter what you are playing, you are challenged mentally and physically,” Kleber said. “I am forever grateful for the things Coach (Barry) Alvarez taught me. Those guys prepared me for life lessons that at the time, when I was 18 or 19, I didn’t even know they were doing.” n