property info - loopnet · 2017-10-07 · 2. city green apartments & condos $65,000,000 3....

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FEATURES 7 SEVENTY 7 is a state-of-the-art $100+ million, 34-story, 925,600 SF mixed use development in the heart of Downtown Milwaukee’s Central Business District, adjacent to the brand new 1.1 million square foot Northwestern Mutual Headquarters Downtown Campus. The development includes 322 high-end apartments and penthouses, approximately 1,400 parking stalls, approximately 10,000 SF of first floor retail space, and an outdoor plaza at the corner of Mason and Van Buren. PROPERTY INFO

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Page 1: PROPERTY INFO - LoopNet · 2017-10-07 · 2. City Green Apartments & Condos $65,000,000 3. Brewery Point Apartments $8,400,000 4. Park East Enterprise Lofts $12,000,000 5. The Blatz

FEATURES

7 SEVENTY 7 is a state-of-the-art $100+ million, 34-story, 925,600 SF mixed use development in the

heart of Downtown Milwaukee’s Central Business District, adjacent to the brand new 1.1 million square

foot Northwestern Mutual Headquarters Downtown Campus. The development includes 322 high-end

apartments and penthouses, approximately 1,400 parking stalls, approximately 10,000 SF of first floor

retail space, and an outdoor plaza at the corner of Mason and Van Buren.

PROPERTY INFO

Page 2: PROPERTY INFO - LoopNet · 2017-10-07 · 2. City Green Apartments & Condos $65,000,000 3. Brewery Point Apartments $8,400,000 4. Park East Enterprise Lofts $12,000,000 5. The Blatz

FLOOR PLAN

RETAIL SPACE: 9,925 square feet can be

expanded to 11,357 square feet

» Rent: $25 PSF NNN

» Delivery: March/April 2018

» Patio: Patio and plaza space available

MASON STREET

JAC

KSO

N S

TREE

T

VAN

BU

REN

STR

EET

67' -

10"

44' -

2 3/8"

192' - 9 3/8"

208' - 10 1/8"

CLEAR TO UNDERSIDEOF BEAMS VARIESFROM 13'-9" TO 14'-9"

CLEAR TO UNDERSIDEOF SLAB VARIES FROM16'-1" TO 17'-1"

RETAIL TRASHROOM

RETAIL9579 SF

PLAZA

RESIDENTIALLOBBY

PARKINGELEVATOR

LOBBY

SHAREDLOADING

B.O.H.CORRIDOR

RAMPDOWN 9"

TO INSIDE FACE OF GLASSTO INTERIOR CORNER OF GLASS

2016 Solomon Cordwell BuenzGROUND FLOOR - RETAIL PLAN777 N. VAN BUREN 02.19.2016

2015025

10 201" = 20'-0"

NORTHWESTERN MUTUAL LIFE INSUANCE SK-21, MILWAUKEE, WI

RETAIL9925 SF

Page 3: PROPERTY INFO - LoopNet · 2017-10-07 · 2. City Green Apartments & Condos $65,000,000 3. Brewery Point Apartments $8,400,000 4. Park East Enterprise Lofts $12,000,000 5. The Blatz

2017 DEMOGRAPHICS 0.5 Miles 1 Mile 1.5 Miles 2 Miles

Employees 41,811 80,407 104,318 128,751

Population 7,377 21,363 43,189 76,694

Average Household Income $72,378 $82,638 $72,668 $59,935

Page 4: PROPERTY INFO - LoopNet · 2017-10-07 · 2. City Green Apartments & Condos $65,000,000 3. Brewery Point Apartments $8,400,000 4. Park East Enterprise Lofts $12,000,000 5. The Blatz

N 2

ndSt

W Wells St

W Wisconsin Ave

W Michigan St

W Clybourn St

The Shops of Grand Avenue

Page 5: PROPERTY INFO - LoopNet · 2017-10-07 · 2. City Green Apartments & Condos $65,000,000 3. Brewery Point Apartments $8,400,000 4. Park East Enterprise Lofts $12,000,000 5. The Blatz

N 2

ndSt

W Wells St

W Wisconsin Ave

W Michigan St

W Clybourn St

The Shops of Grand Avenue

Page 6: PROPERTY INFO - LoopNet · 2017-10-07 · 2. City Green Apartments & Condos $65,000,000 3. Brewery Point Apartments $8,400,000 4. Park East Enterprise Lofts $12,000,000 5. The Blatz

COMMERCIAL COMPLETED PROJECTS 1. Bartolotta Headquarters $1,100,0002. Boiler House $6,800,0003. Cathedral Place $57,000,0004. Manpower World Headquarters $78,000,0005. Schlitz Park $40,000,0006. Iron Block Building/Dental Associates $9,000,0007. Associated Bank - Haymarket Square N/A8. Pabst Business Center $12,000,0009. U.S. Bank Parking Garage $19,000,000 10. Riovivo River Place* $1,900,000 11. Summerfest Office $5,100,000 12. Dohmen Co. Headquarters $10,000,000 13. 833 East Michigan $101,500,000 14. 411 East Wisconsin Center $17,500,000 15. Mayer Building Redevelopment N/A

$358,900,000

UNDER CONSTRUCTION 16. Northwestern Mutual Headquarters $450,000,000 17. Wells Building $17,000,000 18. Pabst Microbrewery $3,000,000 19. Former Laacke & Joys $33,000,000 20. Two-Fifty East $8,500,000 21. Red Arrow Labs N/A 22. MGIC Renovations N/A 23. Bucks Practice Facility $23,000,000 24. Arena District Parking Structure $45,000,000 25. Mercantile Building Expansion N/A

$579,500,000

PROPOSED PROJECTS 26. Lakefront Brewery Expansion $7,000,000 27. Hammes Office Development $80,000,000 28. Hardware Headquarters N/A 29. The Shops of Grand Avenue N/A 30. One Catalano Square $43,000,000 31. Schlitz Park Expansion $76,000,000 32. Post Office Redevelopment N/A 33. Jennaro Brothers Building N/A 34. Marcus-Edison Place N/A35. Milwaukee Brewing Company N/A

$206,000,000

RESIDENTIAL COMPLETED PROJECTS 1. Beerline B Apartments $7,500,000 2. City Green Apartments & Condos $65,000,000 3. Brewery Point Apartments $8,400,000 4. Park East Enterprise Lofts $12,000,000 5. The Blatz Condominiums N/A 6. 601 Lofts $30,000,000 7. East Terrace** $1,820,000 8. Avante Apartments** $4,680,000 9. Blue Ribbon Lofts $19,000,000 10. The Breakwater $70,000,000 11. Convent Hill $55,000,000 12. Flatiron $10,000,000 13. The Grand Wisconsin Apartments $23,000,000 14. Kilbourn Tower $55,000,000 15. Majestic Lofts $16,800,000 16. The Moderne $55,000,000 17. The North End, Phase 1 & 2 $37,000,000 18. Sage on Jackson** $2,600,000 19. University Club Tower $88,000,000 20. The Wisconsin Tower $14,000,000 21. Corcoran Lofts $12,000,000 22. Jackson Square $5,600,000 23. CitySide Plaza* $20,000,000 24. Marine Terminal Lofts $30,000,000 25. River Renaissance $32,000,000 26. Hansen’s Landing $8,500,000 27. The Harbor Front $8,500,000 28. Commission House $6,000,000 29. Chicago Street Lofts** $3,900,000 30. 1910 N Water $11,500,000 31. Gallun Tannery Row* $8,400,000 32. Kane Place Lofts* $3,300,000 33. The Edge $14,000,000 34. Park Terrace Row Houses $14,000,000 35. Union Point Lofts $10,000,000 36. RiverCrest Townhome $18,000,000 37. Frederick Lofts $20,000,000 38. Avenir, Phase 1 $20,700,000 39. Kane Commons $5,000,000 40. 700 Lofts $6,700,000 41. MKE Lofts $23,500,000

COMPLETED PROJECTS (continued) 42. Plankinton Building $6,000,000 43. The North End, Phase 3 $53,000,000 44. The Buckler $30,600,000 45. Mayer Building Redevelopment N/A 46. Belay Apartments $11,000,000 47. Martin Building Redevelopment N/A

000,000,759$

UNDER CONSTRUCTION 48. Northwestern Mutual Apt. Tower $100,000,000 49. The Brewery Lofts $29,000,000 50. The Rhythm $10,000,000 51. River House Apartments, Phase 1 $40,000,000 52. Pritzlaff $36,000,000 53. Walker’s Landing $19,500,000 54. Domus Apartments $30,000,000 55. The North End, Phase 4 $60,000,000 56. Broadway Mixed Use Lofts N/A 57. Mackie Building Redevelopment $12,400,000 58. Mitchell Leather Building $8,500,000 59. Germania Building $22,000,000

000,004,763$

PROPOSED PROJECTS 60. Water & Brady Site $24,000,00061. The Couture $122,000,00062. The Portfolio $100,000,00063. Jackson Street Apartments N/A64. River House Apartments, Phase 2 N/A65. Wangard PERC Block #22 $52,000,00066. Century Building N/A67. The River at Wells $17,000,00068. Avenir, Phase 2 & 3 $31,100,00069. Milhaus Brewery Apartments $40,000,00070. Haymarket Lofts $17,300,00071. Bookends North $60,000,000

000,004,364$

DOWNTOWN PROPERTY LISTINGSBY CATEGORY

STREETCAR PHASE 1 ROUTE

STREETCAR PHASE 1 ROUTE

PROP

OSED

STR

EETC

ARW

ESTO

WN

LINE

STREETCAR LAKEFRONT LINE

PROPOSED BUS RAPID TRANSIT

EAST TOWN

LOWEREAST SIDE

WESTOWN

HISTORICTHIRDWARD

SCHLITZPARK

THE BREWERY

OGDEN

LYON

JUNEAU

CHERRY

VLIET

MCKINLEY

HIGHLAND

STATEKILBOURN

STATE

WELLS

WISCONSIN

MICHIGAN

ERIE

CLYBOURN

ST.PAUL

KNAPP

FRA

NK

LIN

HU

MBO

LDT

CA

SS

AST

OR

MA

RSH

AL

BRADY

KANECOMMERCE

PLEASANT

VA

N B

UREN

JAC

KSO

NJE

FFER

SON

JEFF

ERSO

N

2N

D

3RD

4TH

5TH

6TH

JAM

ES L

OV

ELL

2ND

4TH

5TH

6TH

MIL

WA

UK

EE

BRO

AD

WA

Y

WA

TER

PLANKIN

TON

HA

RBO

R

LIN

CO

LN M

EMO

RIAL

PRO

SPEC

T

WATER

WELLS

MASON

BUFFALO

CHICAGO

MENOMONEE

CORCORAN

POLK

3RD

9TH

10TH

12

3

4

34

5

16

22

23 24

29

30

32

13

15

14

27

19

20

21

3325

17

31

28

26

18

6

7

8

35

11

12

9

10

1

2

71

337

470

5

43

59

62

48

52

61

55

49

53

46

54

4756

58

57

63

51

60

64

44

40

41

65

66

68

69

50

6

7

30

8

9 1011

38

12

13

14

15 42

16

1718

19

20

21

2223

24

25

2627

28

29

31

3239

45

33

34 35 36

RESIDENTIALCOMMERCIAL

DOWNTOWN MILWAUKEE:

» 83,500 Employees

» 26,00 Residents

» 20,000 housing units by 2020

» 12 Million Square Feet of office space

» 4,500 hotel rooms

» 650+ restaurants, bars, ships, and retail service businesses

» Milwaukee County has $3.3 billion in tourism sales, much of which is concentrated in Downtown.

Page 7: PROPERTY INFO - LoopNet · 2017-10-07 · 2. City Green Apartments & Condos $65,000,000 3. Brewery Point Apartments $8,400,000 4. Park East Enterprise Lofts $12,000,000 5. The Blatz

COMMERCIAL COMPLETED PROJECTS 1. Bartolotta Headquarters $1,100,0002. Boiler House $6,800,0003. Cathedral Place $57,000,0004. Manpower World Headquarters $78,000,0005. Schlitz Park $40,000,0006. Iron Block Building/Dental Associates $9,000,0007. Associated Bank - Haymarket Square N/A8. Pabst Business Center $12,000,0009. U.S. Bank Parking Garage $19,000,000 10. Riovivo River Place* $1,900,000 11. Summerfest Office $5,100,000 12. Dohmen Co. Headquarters $10,000,000 13. 833 East Michigan $101,500,000 14. 411 East Wisconsin Center $17,500,000 15. Mayer Building Redevelopment N/A

$358,900,000

UNDER CONSTRUCTION 16. Northwestern Mutual Headquarters $450,000,000 17. Wells Building $17,000,000 18. Pabst Microbrewery $3,000,000 19. Former Laacke & Joys $33,000,000 20. Two-Fifty East $8,500,000 21. Red Arrow Labs N/A 22. MGIC Renovations N/A 23. Bucks Practice Facility $23,000,000 24. Arena District Parking Structure $45,000,000 25. Mercantile Building Expansion N/A

$579,500,000

PROPOSED PROJECTS 26. Lakefront Brewery Expansion $7,000,000 27. Hammes Office Development $80,000,000 28. Hardware Headquarters N/A 29. The Shops of Grand Avenue N/A 30. One Catalano Square $43,000,000 31. Schlitz Park Expansion $76,000,000 32. Post Office Redevelopment N/A 33. Jennaro Brothers Building N/A 34. Marcus-Edison Place N/A35. Milwaukee Brewing Company N/A

$206,000,000

RESIDENTIAL COMPLETED PROJECTS 1. Beerline B Apartments $7,500,000 2. City Green Apartments & Condos $65,000,000 3. Brewery Point Apartments $8,400,000 4. Park East Enterprise Lofts $12,000,000 5. The Blatz Condominiums N/A 6. 601 Lofts $30,000,000 7. East Terrace** $1,820,000 8. Avante Apartments** $4,680,000 9. Blue Ribbon Lofts $19,000,000 10. The Breakwater $70,000,000 11. Convent Hill $55,000,000 12. Flatiron $10,000,000 13. The Grand Wisconsin Apartments $23,000,000 14. Kilbourn Tower $55,000,000 15. Majestic Lofts $16,800,000 16. The Moderne $55,000,000 17. The North End, Phase 1 & 2 $37,000,000 18. Sage on Jackson** $2,600,000 19. University Club Tower $88,000,000 20. The Wisconsin Tower $14,000,000 21. Corcoran Lofts $12,000,000 22. Jackson Square $5,600,000 23. CitySide Plaza* $20,000,000 24. Marine Terminal Lofts $30,000,000 25. River Renaissance $32,000,000 26. Hansen’s Landing $8,500,000 27. The Harbor Front $8,500,000 28. Commission House $6,000,000 29. Chicago Street Lofts** $3,900,000 30. 1910 N Water $11,500,000 31. Gallun Tannery Row* $8,400,000 32. Kane Place Lofts* $3,300,000 33. The Edge $14,000,000 34. Park Terrace Row Houses $14,000,000 35. Union Point Lofts $10,000,000 36. RiverCrest Townhome $18,000,000 37. Frederick Lofts $20,000,000 38. Avenir, Phase 1 $20,700,000 39. Kane Commons $5,000,000 40. 700 Lofts $6,700,000 41. MKE Lofts $23,500,000

COMPLETED PROJECTS (continued) 42. Plankinton Building $6,000,000 43. The North End, Phase 3 $53,000,000 44. The Buckler $30,600,000 45. Mayer Building Redevelopment N/A 46. Belay Apartments $11,000,000 47. Martin Building Redevelopment N/A

000,000,759$

UNDER CONSTRUCTION 48. Northwestern Mutual Apt. Tower $100,000,000 49. The Brewery Lofts $29,000,000 50. The Rhythm $10,000,000 51. River House Apartments, Phase 1 $40,000,000 52. Pritzlaff $36,000,000 53. Walker’s Landing $19,500,000 54. Domus Apartments $30,000,000 55. The North End, Phase 4 $60,000,000 56. Broadway Mixed Use Lofts N/A 57. Mackie Building Redevelopment $12,400,000 58. Mitchell Leather Building $8,500,000 59. Germania Building $22,000,000

000,004,763$

PROPOSED PROJECTS 60. Water & Brady Site $24,000,00061. The Couture $122,000,00062. The Portfolio $100,000,00063. Jackson Street Apartments N/A64. River House Apartments, Phase 2 N/A65. Wangard PERC Block #22 $52,000,00066. Century Building N/A67. The River at Wells $17,000,00068. Avenir, Phase 2 & 3 $31,100,00069. Milhaus Brewery Apartments $40,000,00070. Haymarket Lofts $17,300,00071. Bookends North $60,000,000

000,004,364$

DOWNTOWN PROPERTY LISTINGSBY CATEGORY

STREETCAR PHASE 1 ROUTE

STREETCAR PHASE 1 ROUTE

PROP

OSED

STR

EETC

ARW

ESTO

WN

LINE

STREETCAR LAKEFRONT LINE

PROPOSED BUS RAPID TRANSIT

EAST TOWN

LOWEREAST SIDE

WESTOWN

HISTORICTHIRDWARD

SCHLITZPARK

THE BREWERY

OGDEN

LYON

JUNEAU

CHERRY

VLIET

MCKINLEY

HIGHLAND

STATEKILBOURN

STATE

WELLS

WISCONSIN

MICHIGAN

ERIE

CLYBOURN

ST.PAUL

KNAPP

FRA

NK

LIN

HU

MBO

LDT

CA

SS

AST

OR

MA

RSH

AL

BRADY

KANECOMMERCE

PLEASANT

VA

N B

UREN

JAC

KSO

NJE

FFER

SON

JEFF

ERSO

N

2N

D

3RD

4TH

5TH

6TH

JAM

ES L

OV

ELL

2ND

4TH

5TH

6TH

MIL

WA

UK

EE

BRO

AD

WA

Y

WA

TER

PLANKIN

TON

HA

RBO

R

LIN

CO

LN M

EMO

RIAL

PRO

SPEC

T

WATER

WELLS

MASON

BUFFALO

CHICAGO

MENOMONEE

CORCORAN

POLK

3RD

9TH

10TH

12

3

4

34

5

16

22

23 24

29

30

32

13

15

14

27

19

20

21

3325

17

31

28

26

18

6

7

8

35

11

12

9

10

1

2

71

337

470

5

43

59

62

48

52

61

55

49

53

46

54

4756

58

57

63

51

60

64

44

40

41

65

66

68

69

50

6

7

30

8

9 1011

38

12

13

14

15 42

16

1718

19

20

21

2223

24

25

2627

28

29

31

3239

45

33

34 35 36

RESIDENTIALCOMMERCIAL

Page 8: PROPERTY INFO - LoopNet · 2017-10-07 · 2. City Green Apartments & Condos $65,000,000 3. Brewery Point Apartments $8,400,000 4. Park East Enterprise Lofts $12,000,000 5. The Blatz

STATE OF WISCONSIN BROKER DISCLOSURE

To Non-Residential Customers

Wisconsin Law requires all real estate licensees to give the following information about brokerage services to prospective customers.

Prior to negotiating on your behalf the Broker must provide you the following disclosure statement:

BROKER DISCLOSURE TO CUSTOMERS

You are the customer of the broker. The broker is

either an agent of another party in the transaction

or a subagent of another broker who is the agent

of another party in the transaction. The broker, or a

salesperson acting on the behalf of the broker, may

provide brokerage services to you. Whenever the

broker is providing brokerage services to you, the

broker owes you, the customer the following duties:

• The duty to prove brokerage services to you fairly

and honestly.

• The duty to exercise reasonable skill and care in

providing brokerage services to you.

• The duty to provide you with accurate information

about market conditions within a reasonable

time if you request it, unless disclosure of the

information is prohibited by law.

• The duty to disclose to you in writing certain

material adverse facts about a property, unless

disclosure of the information is prohibited by law

(see “Definition of Material Adverse Facts” below).

• The duty to protect your confidentiality. Unless the

law requires it, the broker will not disclose your

confidential information of other parties.

• The duty to safeguard trust funds and other

property the broker holds.

• The duty, when negotiating, to present contract

proposals in an objective and unbiased manner

and disclose the advantages and disadvantages

of the proposals.

Please review this information carefully. A broker

or salesperson can answer your questions about

brokerage services, but if you need legal advice, tax

advice, or a professional home inspection, contact an

attorney, tax advisor, or home inspector.

This disclosure is required by section 452.135 of the

Wisconsin Statutes and is for information only. It is

a plain language summary of a broker’s duties to a

customer under section 452.133(I) of the Wisconsin

Statutes.

CONFIDENTIALITY NOTICE TO CUSTOMERS

Broker will keep confidential any information given to broker in confidence, or any information obtained by

broker that he or she knows a reasonable person would want to be kept confidential by law, or authorize the

broker to disclose particular information. A broker shall continue to keep the information confidential after

broker is no longer providing brokerage services to you.

Page 9: PROPERTY INFO - LoopNet · 2017-10-07 · 2. City Green Apartments & Condos $65,000,000 3. Brewery Point Apartments $8,400,000 4. Park East Enterprise Lofts $12,000,000 5. The Blatz

The following information is required to be disclosed by law.

1. Material adverse facts, as defined in section 452.01(5g) of the Wisconsin statutes (see “definition of material

adverse facts” below).

2. Any facts known by the broker that contradict any information included in a written inspection report on

the property or real estate that is the subject of the transaction. To ensure that the broker is aware of what

specific information below. At a later time, you may also provide the broker with other information that you

consider to be confidential.

CONFIDENTIAL INFORMATION:

NON-CONFIDENTIAL INFORMATION (The following information may be disclosed by Broker):

(Insert information you authorize to broker to disclose such as financial qualification information)

CONSENT TO TELEPHONE SOLICITATION

I/We agree that the Broker and any affiliated settlement service providers (for example, a mortgage company or

title company) may call our/my home or cell phone numbers regarding issues, goods and services related to the

real estate transaction until I/we withdraw this consent in writing. List Home/Cell Numbers:

SEX OFFENDER REGISTRY

Notice: You may obtain information about the sex offender registry and persons registered with the registry by

contacting the Wisconsin Department of Corrections on the internet at http://offender.doc.state.wi.us/public/ or

by phone at (608)240-5830.

DEFINITION OF MATERIAL ADVERSE FACTS

A “material adverse fact” is defined in Wis. Stat. 452.01 (5g) as an adverse fact that a party indicates is of such

significance, or that is generally recognized by a competent licensee as being of such significate to a reasonable

party that it affects or would affect the party’s decision to enter into a contract or agreement concerning a

transaction or affects or would affect the party’s decision about the terms of such a contract or agreement.

An “adverse fact” is defined in Wis. Stat. 452.01 (Ie) as a condition or occurrence that a competenet licensee

generally recognizes will significantly adversely affect the value of the property, significantly reduce the structural

integrity of improvements to real estate, or present a significant health risk to occupants of the property, or

information that indicates that a party to a transaction is not able to or does not intend to meet his or her

obligations under a contract or agreement made concerning the transaction.

No representation is made as to the legal validity of any provision or the adequacy of any provision on any specific transaction.

Page 10: PROPERTY INFO - LoopNet · 2017-10-07 · 2. City Green Apartments & Condos $65,000,000 3. Brewery Point Apartments $8,400,000 4. Park East Enterprise Lofts $12,000,000 5. The Blatz

CONTACT US:

MAX RASANSKY

Executive Vice President

+1 414 2741605

[email protected]

BENJAMIN W WEILAND

Senior Associate

+1 414 2741650

[email protected]

CJ GOLDBERG

Senior Associate

+1 414 2741658

[email protected]

© 2017 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or

completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of

the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this

information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated ` respective owners and use of these

images without the express written consent of the owner is prohibited. PMStudio_August2017