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New $89 million Milwaukee Symphony development a major economic catalyst for downtown

7/25/2018

 
MMAC affiliates play key role in redevelopment of Grand Theatre, Wisconsin Ave.

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Three MMAC affiliates – the Milwaukee Development Corp. (MDC), the Milwaukee Urban Strategic Investment Corp. (MUSIC) and the Wisconsin Avenue Milwaukee Development Corp. – have played significant roles in the Milwaukee Symphony Orchestra’s efforts to redevelop the Grand Theatre into its new home, working with the organization to purchase and secure control of the cinema and neighboring properties.
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The $89 million project at 2nd Street and Wisconsin Avenue, named “The Milwaukee Symphony Center,” will transform the former Grand Theatre into the symphony’s new concert hall, and combine an adjacent office building and parking lots into the development. The hall is expected to open in the second half of 2020. An official groundbreaking event was held on June 21.
The theatre, which opened in 1931, is a historic landmark that will be expanded to the north and east to make room for a larger stage, loading docks, dressing rooms and other amenities. Providing renovation cost savings are $17 million in state and federal historic tax credits. When remodeled, the iconic building will be a catalyst for economic development as a major asset within Milwaukee's cultural, social and business communities.

In addition to its own impact on downtown’s west side, the Grand Theatre's redevelopment will also help other nearby projects, including the Grand Avenue's conversion that is underway across the street. MDC is supporting the redevelopment of the Shops of Grand Avenue, investing $2.3 million to help repurpose the mall into mixed use office, residential and retail space.

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  • Membership
    • Gain visibility >
      • Advertising
      • Event Sponsorship
      • Lead generation
    • Grow & strengthen your biz >
      • Executive roundtable program >
        • Roundtable News
      • Food and beverage manufacturers
      • Focus on the Future Awards
      • Future 50 Awards >
        • Future 50 winner archive
      • Leadership Council
      • International >
        • Global Business Insights series
        • Wisconsin International Trade Conference
        • Benefits of WTA membership >
          • Join WTA now
        • WTA member directory
        • WTA events
        • Volunteer leadership
      • Roundtables for high-growth companies
      • Small business >
        • Council of Small Business Executives
      • Young professionals
    • Improve the business climate
    • Invest in our community
    • Cost Savings programs >
      • Certificates of origin
      • Health insurance plan
      • Office supply discount program
    • Join now
    • Request More Information
    • Members only >
      • Member Orientation
      • Submit an event
      • Submit news about your company
      • Update email preferences
      • Promote your MMAC membership
  • Events
    • MMAC event calendar
    • Event photos >
      • 2020 Golf Outing
    • Community events calendar
    • Submit an event
    • Sponsorship
    • 2019 MMAC All Member Meeting
  • Talent Pipeline
    • Ranking Milwaukee County Schools
    • Education recommendations >
      • Supportive policies
      • Quality schools
      • Effective Educators
      • Community engagement
    • Grow your talent pipeline >
      • Business tours for students
      • Career-based learning
      • Manufacturing CAREERx
      • Technology Education & Literacy in Schools (TEALS)
    • Attracting & retaining young professionals
    • Professional development
  • Equity
    • Region of Choice initiative >
      • ROC: Improve the recruitment, retention & advancement
      • ROC: Increase educational attainment & career development opportunities
      • ROC: Support wealth creation of Black & Brown businesses
      • ROC Background & Data
      • ROC FAQs
  • Advocacy
    • Miller Park economic impact study
    • Legislator voting records
  • Economic Growth
    • Attracting & retaining businesses
    • Food & beverage cluster
    • Milwaukee Development Corp. >
      • Rebuild & Revitalize Program
    • Milwaukee EB-5 Visa program
    • Milwaukee Urban Strategic Investment Corp. (MUSIC)
    • Metro Milwaukee reports
    • Starting a business >
      • BizStarts
      • New business planning guide
  • About the Region
    • 2021 Navigate Business MKE
    • Benchmarking metro MKE
    • Business outlook survey
    • Economic Trends
    • Local media listings
    • Major employers in metro Milwaukee
    • Metro Milwaukee demographics
    • Order a publication
    • Relocating a business
  • About MMAC
    • Board of directors
    • Contact us
    • Members of the media
    • Publication archive >
      • News Archive
      • Press Releases
      • Milwaukee Commerce magazine
    • Scholarships for minority students
    • Staff
  • Member Directory
    • Member Spotlights
  • Member Login
  • COVID-19 Resources
    • Health & Safety Toolkit >
      • Vaccine Toolkit for Employers
      • Vaccine FAQ
      • Employer Outbreak FAQs
      • Testing FAQs
      • Preparing for the 2nd wave
      • Health & Safety Checklist
    • Business Strategies webinars