GLENDALE, WIS. (SEPT. 25, 2019) – Cypress Equities is pleased to announce the acquisition and recapitalization of the 1.2-million-square-foot ‘Bayshore Town Center’ into a new partnership that will redevelop Bayshore into a state-of-the-art, connected project for the surrounding communities to enjoy. The project’s redevelopment will officially commence at the end of this month and will be completed in phases, as to minimize the impact to our guests and merchants. Full redevelopment will be completed by late 2020.
“Cypress is proud to announce this exciting redevelopment acquisition, and we look forward to restoring and revitalizing Bayshore to make it the centerpiece of the vibrant North Shore community,” said Chris Maguire, Chief Executive Officer of Cypress Equities.
Once complete, the re-envisioned center will not only include an entirely new creative enhancement to the physical structure, but will also include more local retailers and merchants, unique and curated restaurant concepts, an up market/select service hotel, 300+ newly renovated residential facilities, and a dramatic upgrade to the green park that will include programmed, year-round entertainment and activations for all people to enjoy.
This new image aims to enhance and improve key elements in the previous shopping center design by incorporating fresh architecture and landscaping, vibrant art, murals by local artists, iconic sculptures, and lighting design that will enhance the community’s overall shopping experience.
“It is our hope that one of the core benefits of the new development will bring people together around elevated lifestyle and dining experiences, rich shopping opportunities, and hospitable living quarters. We also see the potential and are actively pursuing a curated event space that will complement our merchants, eateries, and office environments. I want to thank all of our stakeholders, especially City Attorney John Fuchs, Mayor Bryan Kennedy and City Administrator Rachel Safstrom and their entire team at the City of Glendale, that without their commitment to this project, this day would have never happened,” says Kirk Williams, Managing Director of the Bayshore redevelopment project.
The demolition of the original enclosed center and the former Boston Store box will be repurposed as a horizontal mixed-use development featuring the hotel, multi-family residential units, plus refreshing new housing for senior living as well. The current apartments will be remodeled as vacancies occur.
The new renovations are to also provide greater openness and connectivity that better aligns with community preference and unity. Retail partners that fit the vision of reinventing Bayshore are currently being sought out. This includes fascinating new features that entice a community environment in which the entire family can enjoy. Transforming the existing Rotunda to accommodate all Bayshore guests for both quick and extended visits is another focal point, which includes evaluating metered street parking, surface lots, and multiple covered parking structures for easier convenience and accessibility for all guests.
Bayshore Town Center is currently an open-air, mixed-use shopping center featuring a variety of retail, restaurants, offices and residential units. The shopping center has more than 80 retailers, restaurants and service providers including staple retailers such as Apple, H&M, Banana Republic, Barnes & Noble, Forever 21, Athleta, The Gap, Trader Joe’s and more. However, the expanded Bayshore will be announcing additional new retailers in 2020 that will draw in the local flair and rich history that makes the North Shore of Milwaukee the great community that it is.
About Cypress Equities
Cypress Equities* (Cypress) was founded in 1995 and has since established a national reputation synonymous with the premier development, operation and management of destination-class retail and mixed-use properties throughout the United States. Historically, Cypress has developed and acquired more than 20 million square feet and currently is developing and managing a portfolio primarily focused on retail and mixed-use properties. Today, there are three Cypress Equities offices in the U.S., including Dallas (headquarters), New York and Atlanta. Visit www.cypressequities.com for more information.
* The Cypress Equities name, logo and other marks are trademarks and service marks being licensed to independent operating companies by CE Brands, LLC. Any particular obligation, service or product is the sole responsibility of the specific entity that incurs such obligation or supplies such service or product.