rendering of the 90-unit apartment complex proposed for
Milwaukee’s new arena district.
— Milwaukee- based Royal Capital Group LLC will develop a 90-unit
apartment complex in the new arena district, the Milwaukee Bucks
$17.5 million, 12month construction project, expected to begin in
the fall, will be on the eastern side of North Sixth Street between
West Juneau and West McKinley avenues.
is part of the $1 billion approximately 30-acre residential and
commercial development Wisconsin Entertainment & Sports Center
district anchored by the $524 million arena scheduled to open in the
fall of 2018.
fellow Milwaukeeans, Royal Capital is exceptionally excited to be a
part of this generational development — not just as a transaction,
but as a transformational opportunity for our hometown community,”
Kevin Newell, president of Royal Capital LLC, said in a statement.
President Peter Feigin said, “This project has always been about
more than just basketball; our ownership is committed to
contributing to the revitalization of the city and spurring
additional private investment in the future of Milwaukee.”
Bucks have previously announced an entertainment block and plaza
with an outdoor amphitheater seating at least 500 people.
Restaurants and bars are expected to be east of the arena on North
Fourth Street. Large-scale commercial development is planned on the
east end of the district between North Fifth and North Old World
Third streets and West Juneau and West McKinley avenues. A pharmacy
is also slated for the district.
Bucks could accept major retailers as loss leaders to get the right
development mix, Feigin reportedly told area real estate executives
proposed residential development immediately north of the new
714,000square-foot arena will include micro, one-bedroom and
two-bedroom layouts, including some two-story lofts. Plans include a
rooftop terrace and club room, a fitness center and multiple
North Sixth Street there will be a neighborhood café, “flexible
event space,” and a sports lounge for residents and the public.
Bucks began soliciting proposals from developers in March when the
construction manager and design team for the parking structure were
named. Royal Capital was selected from a broad group of both local
and national developers interested in contributing to the project,
the Bucks said.
addition to the complex, Royal Capital. 710 N. Plankinton Ave., is
working on a $32 million development featuring 181 residential units
and a restaurant to Milwaukee’s Brewer’s Hill neighborhood. It
is also a partner on a mixed-used development to replace the Mill
Road library branch with a 17,000-square-foot library and 55
mixed-income apartment units.