Milwaukee Development Corp.

Founded in 1973 as the Milwaukee Redevelopment Corporation, the Milwaukee Development Corporation has served as the business community’s not-for-profit civic developer. 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.

MDC initially provided private-sector leadership and financial support to revitalize downtown Milwaukee through the backing of 46 leading Milwaukee businesses. Its priority was stabilizing the 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.

Today, MDC continues to initiate and promote projects that support the Milwaukee community. 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.

MDC has also taken on a leadership role and is the operating entity for the Milwaukee 7 Regional Economic Development Partnership. The affiliation between MMAC and MDC strengthens both organizations’ ability to respond to retention, expansion and attraction opportunities that drive economic growth for the region. >>Learn more at ChooseMilwaukee.com.

Current Commitments IN Real Estate

Library Hill
Library Hill Apartments closed 2017 with 95% occupancy rates. In 2013, MDC refinanced the Library Hill project/property which provided additional capital to invest elsewhere in the community. This resulted in the formation of the Milwaukee Urban Strategic Investment Corporation (MUSIC). >>LEARN MORE about MUSIC projects and investments

Kenilworth
The Kenilworth Building, our joint-venture project housing UWM graduate students, the UWM Peck School of the Arts and street level retail continues to perform leasing at almost full occupancy anchored by national tenants

RECENTLY COMPLETED PROJECTS

MDC was granted ownership of a land parcel in the Pabst redevelopment project that has now been converted to Preservation Park and will be turned over to the local business improvement district. The park is dedicated to Milwaukee’s rich brewing history.

Board of Directors

Chairman: David Baumgarten
Bank Mutual

Treasurer: Frank Krejci
Strattec Security Corp.

Secretary: Timothy Sheehy
MMAC

President: D. Patrick O’Brien
Milwaukee Development Corp.

Steve Chernof
Godfrey & Kahn

Erica-Nicole Harris
WISPARK

Michael Hatch
Foley & Lardner

Bob Hillis
Direct Supply

John Kissinger
GRAEF

Barry Mandel
Mandel Group

Rolando Rodriguez
The Marcus Corporation

Stephen McGuire
U.S. Bank

Investors

Bank Mutual
Blue Ribbon Management
Direct Supply
Foley & Lardner
Godfrey & Kahn
GRAEF
Mandel Group
MGIC
Northwestern Mutual
Strattec
The Marcus Corporation
Zilber/Towne Realty