Milwaukee’s delayed hotel project has more time to complete again
A delayed hotel development slated for the west side of Milwaukee again has more time to meet its completion deadline.
Developer Rick Wiegand would have until July 2025 to complete the Grand Avenue Suites project, according to a new resolution that the Common Council will consider at its Tuesday meeting.
Grand Avenue Suites is the conversion of a historic old school, 2708 W. Wisconsin Ave., into a 23-room extended stay hotel.
The Wiegand investment group bought the old Wisconsin Avenue School in December 2017 from the city for $ 200,000.
Wiegand, whose neighborhood properties include the Ambassador Hotel, 2308 W. Wisconsin Ave., had until December 2020 to complete the project.
But Wiegand has struggled to secure funding due to delays in developing a state office building across the street. This planned development site includes dilapidated buildings and vacant lots.
The January Common Council extended the completion deadline to June 2022.
Wiegand has since completed more than $ 500,000 in site work. This includes excavating asphalt, installing a storm water drainage system, landscaping, and installing decorative fencing.
But the effects of the COVID-19 pandemic on the hospitality industry have slowed development, Wiegand told the Milwaukee Journal Sentinel.
“It is a significant challenge to operate a hotel with the current labor and supply chain issues and lack of demand for bed and breakfast or catering,” Wiegand said in a statement.
“And the rebound in the hospitality industry is unknown,” he said.
Following:Milwaukee North Side Development Plan Includes Overdue Hotel Project and Management of “Incredible” number of vacant properties
Wiegand also said he will install a temporary heating system and continue to pay his holding fees, including property taxes.
The project includes the creation of Liberty Square, an outdoor courtyard just north of the future hotel.
Wiegand is also in the process of converting the nearby and historic old Tower Theater, 757 N. 27th St., to a banquet hall for the Grand Avenue Suites.
The Old Theater is one of Milwaukee’s six “Movie Palaces”, large theaters built with richly decorated decor in the early 20th century.
Two movie palaces, the Oriental Theater and the former Warner Theater have undergone extensive renovations this year.
The Oriental, 2230 N. Farwell Ave., reopened in August, and the Warner, 212 W. Wisconsin Ave., in October, began welcoming audiences as the new performance center of the Milwaukee Symphony Orchestra. .