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February 2013 Review - Sunset Investors. 

Click image to enlarge.

Land and Space

Journal Sentinel business reporter Tom Daykin blogs about commercial real estate and development

A local developer plans to build 60,000 square feet of storage space, along with 9,000 square feet for retail businesses, on a vacant lot off Lake Parkway in Cudahy.

Ken Breunig this week received conceptual approval from the city Plan Commission to develop separate buildings with different uses on 5 acres south of the Lake Parkway and west of S. Pennsylvania Ave.

The self-service storage facility still needs a conditional use permit, which the commission is to consider at its May 14 meeting, said Brian Biernat, city economic development director.

Breunig said he plans to begin construction this fall on the self-storage facility if the project obtains city approval. Breunig, who operates Sunset Investors and E-Z Self-Storage, has developed similar ministorage buildings in the Milwaukee area.

The storage facility will be built on the back end of the parcel, Breunig said, with the retail space built close to Pennsylvania Ave. He plans to try to obtain tenant commitments before starting construction on the retail space.

Breunig was able to proceed with the project after the Common Council on April 3 unanimously voted to eliminate the city's moratorium prohibiting the development of ministorage buildings.

City officials have encouraged the development of other properties near the Lake Parkway. Those sites include a 24-acre former landfill located between the parkway and Pennsylvania Ave., south of E. Layton Ave., which is owned by Colbat Partners LLC.


 

Plan Commission results on 4/9/13: 5-2, proposal approved.  Mini-warehouse use is scheduled for a conditional use hearing onMay 14, 2013.

Proposed: Conditional use 60,000 square feet of modern, controlled and managed self-storage and approximately 9,000 square feet of permitted use convenience retail/retail service at the privately-owned vacant parcel at 5133 South Pennsylvania Avenue. Total estimated value of the project - $4,000,000.

*Note: Originally reviewed in February 2013 and denied on a 2-2 vote. Staff has talked to the developer and the project may be returned to Plan Commission in April 2013. Currently the City has been under a moratorium for self-storage since 1997, with no sunset provision. Staff is working to unwind this moratorium.



 
    
 

Initially hired as a half time employee serving the economic development needs of the City of Cudahy in October 2011, Brian Biernat became a full time employee directing and managing the combination of the departments of building inpsection, zoning administration and economic development for Cudahy over the first six months of 2012. The integration of these three closely related municipal functions has allowed for the elimination of one director-level position and the reduction of $15,000 in salary from the previous economic development director position for a total savings to the taxpayer of approximately $80,000. More importantly, the services provided are more efficiently and reliably delivered to our constituency. Additional moves to increase the new department's efficiency are planned for 2013



 
    
 

Fabricated Metal Products, Inc. completed this 20,000 square foot addition fall of 2012 to increase their production capacity - allowing the hiring of 20-30 new employees.



 
    
 

Squire Avenue Village Apartments - 3553 East Squire Avenue - were approved in April 2012.  The project is nearly complete and fully pre-leased.  Developer Dan Carmody and the City are negotiating additional sites for future development.  This luxury six-family residential building represents approximately $750,000 of added value and offers an excellent alternative choice to homeownership with 2 bedroom, 2 bath, in-unit laundries, attached 2 car garage, 1200 +\- square feet floor plans.  Typical rent is $1100.

 
    
 

The former Hollywood Video building at 6001 South Packard was purchased last year by O'Reilly Auto Parts.  The City is preparing to issue permits in March 2013 to allow redesign of the building by O'Reilly.