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Planned West Milwaukee grocery looking at May construction start

Land and Space

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

April 12, 2011
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By Tom Daykin of the Journal Sentinel

April 12, 2011 0

Construction could begin in May on a planned 61,000-square-foot West Milwaukee supermarket that focuses on selling fresh fruits and vegetables.

Cermak Fresh Market is planned for 1541 Miller Park Way, just south of the Target store. The West Milwaukee Community Development Authority recommended approval at its Monday night meeting, and the project will go before the Village Board next week, said Ron Hayward, village president. 

If construction begins this spring, the store would likely open by the end of the year, Hayward said. It would be the second new supermarket in West Milwaukee this year. A 15,000-square-foot  GFS Marketplace is under development, and will open this fall at 2064 Miller Park Way.

Cermak Fresh Market will be operated by Mike Bousis, who operates a similar store in Aurora, Ill. It will have 120 employees.

The $5.3 million project first surfaced last fall.

Its financing will include $400,000 in village funds that will be repaid through property taxes generated by the store, and other new developments within a tax incremental financing district. The payback period is estimated at four to five years.

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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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