Microsoft is investing $1 billion in the first phase of the data center project in Mount Pleasant, part of a larger 1,345-acre development. While the total buildout cost remains unspecified, Microsoft aims to create $3 billion in new land value, fulfilling contractual obligations. The Data Center, located on 90th Street, is currently undergoing foundation work that’s set to be completed in late spring.
REGENCY MALL REDEVELOPMENT
The Regency Mall redevelopment, a $39.4 million Racine project being developed by Hull Property Group, is clearing 400,000 sq ft for a new Woodman’s Food Market and apartments. Interior demolition of Regency Mall is in progress, accompanied by noticeable external deconstruction. The property transfer to Woodman’s is slated for July 2024, marking a key milestone in the mall’s transformation. Woodman’s is expected to open in 2025.
For a more comprehensive list that includes large developments both in and outside the Milwaukee-area, check the current list here.