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Work resumes on Tosa building; to become surgery center

Land and Space

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

Feb. 15, 2010
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By Tom Daykin of the Journal Sentinel

Feb. 15, 2010 0

Construction work has resumed on a three-story office building in Wauwatosa after an 18-month stoppage, with plans to create an outpatient surgery center there.

The 60,000-square-foot building, at 2999 N. Mayfair Road, Wauwatosa, is being developed by VJS Development Group, which had initially planned to lease it to Mayfair Radiology. The building is south of W. Burleigh St., and is replacing the former home of radio station WLUM-FM, which was razed.

The $15 million project, however, ground to a halt in the spring of 2008 after Mayfair Radiology was bought by Aurora Health Care Inc. The radiology practice in January 2009 moved into an Aurora facility just south of Mayfair Mall, at 10400 W. North Ave.

Aurora had signed a lease for the Mayfair Road buiding. But work stopped while the health care system studied its space needs to determine what operations would move to the building.

The plan now is to open an outpatient surgery center, along with support services and doctors' offices, by the first half of 2011, said Mary Reinke, an Aurora spokeswoman. The building's exterior work is about halfway completed, and the structure should be enclosed by summer, she said.

The City of Wauwatosa agreed to help finance the building's parking structure. That agreement allows VJS Development to recover up to $1.8 million in property taxes in connection with the project.

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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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