The Milwaukee School of Engineering will build a $30 million, in-ground parking facility topped with an athletic field, a small restaurant and a small park on a portion of the Park East Corridor.
The development will largely be supported by a donation made by Robert and Patricia Kern, founders of Generac Power Systems of Waukesha, a business they sold in 2006. The school is not requesting city or county money.
The school will acquire 2.5 acres of land on the northwest corner of Broadway and Knapp streets from the Marshall & Ilsley Corp. and Milwaukee County through a property trade and purchase, according to a press release. Details were not immediately available.
MSOE officials said the development could spur private investment and construction on the long-vacant site.
The project developers are Uihlein-Wilson Architects. About 150 people will be employed during construction, according to the release.
— Marie Rohde