Organizational History
Founded in 1973 as the Milwaukee Redevelopment Corporation, the Milwaukee Development Corporation has served as the business community’s not-for-profit civic developer. It was charged with providing private-sector leadership and financial support to revitalize downtown Milwaukee through the support of 46 leading Milwaukee businesses. The first priority of the organization was stabilizing the central retail district west of the Milwaukee River. The development focus was a $150 million venture that included the construction of the Hyatt Regency, the Henry Reuss Federal Plaza and the Grand Avenue.
In 2003, Milwaukee Redevelopment Corporation became an affiliate organization of the Metropolitan Milwaukee Association of Commerce, changed its name to the Milwaukee Development Corporation (MDC) and expanded its mission to include more broad-based economic development initiatives throughout greater Milwaukee.
As the business community’s not-for-profit civic developer, the MDC continues to initiate and promote projects that support the Milwaukee community. The MDC is active in the Pettit Ice Center, 30th St. Industrial Corridor, City of Milwaukee Downtown Stakeholders, Menomonee Valley Partners, and the W. Wisconsin Avenue Task Force.
The MDC has also taken on a leadership role and is the operating entity for the Milwaukee 7 Regional Economic Development Partnership. The affiliation between the MMAC and the MDC strengthens both organizations’ ability to respond to retention, expansion and attraction opportunities that drive economic growth for the region.
Project Profiles:
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Board of Directors updated July 2011
David A. Baumgarten Chairman President of Bank Mutual
Patrick O’Brien President Milwaukee Development Corporation
Michael Kelly Secretary Park Bank
Frank Krejci Treasurer Strattec Security Corp.
Rich Bub GRAEF
Jerry Franke WISPARK LLC
Bob Hillis Direct Supply
Mike Kogelis Wells Fargo Bank
Gregory Marcus The Marcus Corp.
Timothy Sheehy MMAC
Contact Us: Milwaukee Development Corporation (MDC) 756 N. Milwaukee St., Ste. 400 Milwaukee, WI 53202
Pat O'Brien President (414) 287.4112
Jim Paetsch Vice President (414) 287.4171
Jennifer Wilke Accountant (414) 287-4161
Marjorie Yoshida Coordinator/Administration (414) 287.4126
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The Kenilworth Project
The Kenilworth Project is a partnership with Weas Development to redevelop a former 500,000-square-foot manufacturing building on Milwaukee’s East Side as the new home for UW-Milwaukee’s Peck School of the Arts, housing for 370 graduate students, parking, retail space, and a linkage to the Lakefront bike trail. The project provides a new tax base and momentum for UWM as it seeks to strengthen its research profile.
| Timeframe: |
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2004-2006 |
| Cost: |
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$68 million |
| Developer: |
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Weas Development/MDC |
| Architect: |
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HGA |
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AFTER |
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Harley Davidson Museum
The MDC played a critical role in helping to free up land in the Menomonee Valley to make way for the Harley-Davidson Museum. The museum opened in 2008 and generates approximately $78 million in annual spending, plus 70 jobs.

Library Hill Apartments
A collection of 139 apartment homes and street-level retail space on Milwaukee’s re-emerging Westown area. Library Hill serves as an anchor to the area between Marquette University and the Frontier Airlines Center. The project was completed with financing assistance from 18 MDC member companies guaranteeing $17.8 million in bonds.
| Timeframe: |
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1997-1998 |
| Cost: |
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$4.3 million in city money for infrastructure and remediation and $17.8 million in construction costs |
| Developer: |
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Mandel Group, construction and building manager |
| Architect: |
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Eppstein-Uhen Architects |
| Award: |
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Westown Award for Leadership |
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AFTER |
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Milwaukee Center Theater District
With a vision for one-stop enjoyment of Milwaukee’s world-class arts scene, the MDC formed a joint venture with the Milwaukee Repertory Theater to create a downtown Milwaukee Center Theater District. Today, along with the three performance venues for the Milwaukee Rep., the District offers audiences the Historic Pabst Theater, a 200 room hotel (The Intercontinental) with additional meeting space, and a 300,000 square foot office tower.
| Timeframe: |
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1985 – 1987 |
| Cost: |
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More than $100 million |
| Developers: |
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Trammell Crow Company |
| Architects |
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Skidmore Owings Merrill (SOM) |
Yankee Hill Housing
The MDC was a joint venture partner with the Madsen Corporation of Madison, Wisconsin in the development of the 354-unit Yankee Hill, the first major housing development in downtown Milwaukee in 20 years. The rental project includes two apartment towers built between Jackson and Van Buren Streets north of Kilbourn Avenue. Leasing has been a resounding success.
| Timeframe: |
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completed in 1988 |
| Cost: |
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$30 million |
| Developer: |
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Madsen Corporation |

East Point Commons
This 11-acre, 3-block site includes 124 apartments and 64 townhouses on property that had been slated for a highway extension that was never built. The project helped revitalize the northeast end of downtown and was designed to blend with existing neighborhood architecture. The MDC served as coordinator and mediator for the project, working together with community and government agencies and secured a tax incremental finance district. The second phase of the project introduced a high-quality grocery store and an additional 18,000 square feet of retail space.
| Timeframe: |
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1987-1992 |
| Developer: |
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Trammell Crow |
| Architect: |
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Nagle Hartray & Associates (Residential) and Eppstein Uhen (Retail) |
| Awards: |
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Urban Land Institute Award for Excellence and Best Luxury Condominium Community by the Metropolitan Builders Association of Greater Milwaukee |
The Grand Avenue
At the time of a deteriorating downtown economy, the redevelopment of west Wisconsin Avenue into the Hyatt Regency, and Henry Reuss Federal Plaza, and the Grand Avenue was a large-scale boost to revitalize the urban marketplace and downtown landscape. The Grand Avenue project covered four city blocks and included 125 shops with two existing department stores, combining new construction with historic architecture and totaling 245,000 square feet of retail space. The Grand Avenue (today, the Shops at Grand Avenue) fostered important partnerships between the business community and the City of Milwaukee. The MDC was the catalyst for the project, responsible for $16 million in stockholder equity.
| Timeframe: |
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December 1980-August 1982 |
| Cost: |
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$70 million |
| Developers: |
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The Rouse Company, The City of Milwaukee, MDC |
| Architects: |
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Elbasani, Logan & Severin Design Group |
| Awards: |
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- Urban Land Institute Award for Excellence for Large Scale Commercial Retail Development
- Consulting Engineers Council of WI -Engineering Excellence Award
- Preservation Award from the Milwaukee County Historical Society for restoration of the Plankinton Arcade
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INVESTORS
Associated Bank AT&T Bank Mutual Briggs & Stratton Corp. Direct Supply Foley & Lardner GRAEF |
Irgens Development Partners Johnson Controls, Inc. Mandel Group Marcus Corporation Master Lock Company Milwaukee Economic Dev. Corp. |
Northwestern Mutual Park Bank Robert W. Baird & Co. Roundy’s Supermarkets Towne Investment WISPARK |