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Extended stay hotel planned for UWM Innovation Campus

Land and Space

Journal Sentinel business reporter Tom Daykin talks about commercial real estate and development.

May 06, 2013
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By Tom Daykin of the Journal Sentinel

May 06, 2013 0

An extended stay hotel is being proposed for University of Wisconsin-Milwaukee's Innovation Campus development, in Wauwatosa.

The hotel, with up to 128 rooms, would be developed on 3.5 acres at Innovation Campus, which is north of W. Watertown Plank Road and east of Highway 45, according to a report filed with the County Board by Teig Whaley-Smith, county economic development director.

Innovation Park LLC, an affiliate of UWM Real Estate Foundation which is developing Innovation Campus, wants the board to change its development agreement with Milwaukee County to allow the hotel to be built, according to the report.

That request will likely be reviewed by the board's Committee on Economic and Community Development at its May 13 meeting. Whaley-Smith, who was appointed in April by County Executive Chris Abele, is recommending that request be approved.

The report doesn't mention the name of the hotel's prospective operator, or its franchise name. Nor does it provide information about the project's financing, and design.

The hotel would presumably target people visiting Innovation Campus, and perhaps the nearby Medical College of Wisconsin and other medical institutions.

Innovation Campus projects so far include ABB Inc.'s new regional offices, with construction to begin this summer, and a business accelerator being built by UWM.

Business parks often have hotels, including the nearby Milwaukee County Research Park, which has a Crowne Plaza Hotel.

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About Tom Daykin

Tom Daykin covers commercial real estate and development.

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Helpful Links and Resources

Check the Milwaukee Assessor’s Office website, which includes tools to look up property assessments.

Find property assessments for other communities throughout the state at AssessorData.org.

The Milwaukee Department of City Development website includes information on the city Plan Commission and Redevelopment Authority.

The Commercial Association of Realtors Wisconsin offers information on commercial realtors and real estate.

The Milwaukee chapter of the Institute of Real Estate Management serves the needs of real estate management professionals

The Wisconsin chapter of the NAIOP Commercial Real Estate Development Association aims to serve developers and owners of commercial real estate.

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The judges said, "Daykin’s aggressive reporting and accessible, explanatory writing make him a must-read for his tight-knit and highly engaged audience."


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