The City of Milwaukee is giving Kalan Haywood Sr. extra time to repay a $3.79 million loan that was made for a stalled hotel project to the former Sears building, but not for a hotel this time because the former Sears building renamed the Sears Market.
Former Sears Building Renamed The Sears Market
Instead of the hotel project for the former Sears building, he plans to build a mix of uses, including a housing on 7-acre at 2100 W.North Avenue, a craft brewery, events facility, art gallery and office space. New partners for the former Sears building project is F Street Development LLC, which has worked on projects including Lakeshore Commons in Oak Creek, and Rinka a new design firm, are included in the revised plans for the former Sears building.
The historic former Sears building on the property won’t be made into a hotel any longer. The first floor would instead house a brewery run by a nearby business that Haywood claimed would be named soon. An art gallery, a venue for events, and a storefront would also be included. Office space, including co-working space, would be located on the second floor and efficiency apartments would be located on the third floor, according to Haywood and Nick Jung, the development director for F Street. The Sears Market is the new name for the former Sears building.
The Latest Deferment was Granted by Whom?
On Thursday, the board voted unanimously to approve the most recent deferment. It was suggested by the Department of City Development under Mayor Cavalier Johnson. Lafayette Crump, the development commissioner, informed the board that he and his team were optimistic about the situation and the revised plans for the former Sears building. Kalan Haywood Sr. wants to use the empty space of the former Sears building site to rejoin a city street. That would assist in producing development parcels.