Crow Holdings' development is pitched as a cheaper and less congested option to moving cargo out of Chicago O’Hare International Airport, and a way to expand Milwaukee Mitchell’s shipping capacity.
Dallas real estate firm Crow Holdings is seeking approval for a large new warehouse that would be built on the former 440th Air Reserve Base at Milwaukee Mitchell International Airport.
According to a Wednesday press release from CBRE, Crow Holdings is nine months into studying the potential for the 288,000-square-foot shipping center. It is pitched as a cheaper and less congested option to moving cargo out of Chicago O’Hare International Airport, and a way to expand Milwaukee Mitchell’s shipping capacity.
The CBRE release said that, pending approvals from the airport, Wisconsin Department of Natural Resources and U.S. Air Force, the project could be completed in the second half of 2024. Milwaukee Mitchell airport spokesman Harold Mester responded to questions with an email saying instead of selling the land, the county and airport would sign a ground lease for Crow Holdings to develop the building.Dubbed the “South Cargo Logistics Hub,” the new building would be along the College Avenue side of the airport and have 74 loading docks and 99 stalls for truck trailers. Interior spaces could be renovated for tenants’ needs.
The redevelopment would mark a major transformation for the firmer 440th Air Reserve base. The 102-acre property was given to Milwaukee County in 2010 after the base's operations ended. The county has since worked to lease its multiple smaller buildings to airport-related businesses. The proposal by Crow Holdings, which has $24 billion in real estate assets under management, would represent a more intense use of the property for shipping.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Editorial: Mississippi bill revives Jim Crow eraAn oppressive police bill in Jackson, Miss. revives the ghosts of Jim Crow.
Leer más »
Tiger Global Management trims top tech holdings, adds new position in ZoomInfoChase Coleman's hedge fund trimmed its stake in most of its top holdings during the fourth quarter.
Leer más »
Milwaukee Rep’s 70th anniversary season includes new musical by Violent Femmes singerMilwaukee Repertory Theater, the biggest professional theater in our neighboring city to the north, has announced its 2023-24 season, which includes a world premiere musical with music and lyrics by Gordon Gano of the Violent Femmes.
Leer más »
Vitalik Buterin Sells Personal Ethereum Holdings, Transfers Funds: Potential ReasonsVitalik Buterin is swapping his personal holdings for stablecoin, but there is absolutely no reason to think that $ETH will plunge now
Leer más »
Derrick White Stays In Milwaukee To Meet With Ear SpecialistDerrick White Stays In Milwaukee To Meet With Ear Specialist - RealGM Wiretap
Leer más »
Malaysia: Foreigners increased their holdings of domestic assets – UOBSenior Economist Julia Goh and Economist Loke Siew Ting at UOB Group assess the latest performance of FX reserves and foreign portfolio in Malaysia. K
Leer más »