Marquette expanding again?

[copious1218]

Hadn't seen this posted yet, but I recall others talking about it in a different thread a few months ago.

http://www.jsonline.com/blogs/business/312126001.html

[MUMountin]

Interesting--really working to move that footprint east.  Probably a good move.

Will this eventually be converted into another dorm?  Getting a little far flung from the main part of campus, but I guess not really much different than Mashuda.

[GGGG]

Unless they have purchased all real estate under this LLC, I am thinking that they are going to operate the hotel for at least a bit until they figure out what they are going to do.

[mu03eng]

Unless they have purchased all real estate under this LLC, I am thinking that they are going to operate the hotel for at least a bit until they figure out what they are going to do.

I think you are correct.  I'm guessing, the long term plan would be to move the living areas east (closer to downtown and replace the current dorm footprint with academic buildings.  Puts a buffer between where the students are the majority of the time(housing) and the less than savory parts of town...at least for the underclassmen.  Just a guess on my part.

[jsglow]

I believe Marquette now owns 100% of the land south of Michigan, north of I-794 and west of 6th.  This is a major parcel with outstanding visibility.  The Health Research Center is slotted west of James Lovell (7th).  I'd have to think that the Ramada building will be eventually razed.  Don't know if they have anything in mind specifically at this moment but certainly new housing is an option.  I know student housing is necessarily in the cards within a handful of years.  I remind folks about this year's Humphrey/McCabe flip flop designed to provide more underclassmen beds immediately.

[tower912]

Can put students in the hotel while the beer can at 16th and Wisconsin is being recycled. 

[jficke13]

Manifest Destiny! I think the next block is Assurant Health, which may be available. The east of Assurant is a vacant office building too. Step 1: Own all of Milwaukee. Step 2: ???? Step 3: Profit.

[WarriorInNYC]

I think you are correct.  I'm guessing, the long term plan would be to move the living areas east (closer to downtown and replace the current dorm footprint with academic buildings.  Puts a buffer between where the students are the majority of the time(housing) and the less than savory parts of town...at least for the underclassmen.  Just a guess on my part.

Disagree.  Isn't Taco Bell out there?

[brewcity77]

Disagree.  Isn't Taco Bell out there?

+1

Move all the dorms east and the kids will have to go to restaurants like Capital Grille. Fine fare, but might be a bit pricey for those on a per diem.

[MU111]

Manifest Destiny! I think the next block is Assurant Health, which may be available. The east of Assurant is a vacant office building too. Step 1: Own all of Milwaukee. Step 2: ???? Step 3: Profit.

Assurant is going to be moving out, but that block is assessed at $22.9 million.  You're right that the building directly east of Assurant is vacant, but it is in the process of being converted to high end apartments.  Bottom line, I think we can still own all of Milwaukee, but it will cost lots of $$$.

[4everwarriors]

I'm pretty sure this is where the Crean Soccer Extravaganza will be built, ai na?

[martyconlonontherun]

Would be interesting if they used it as a modern straz east for a few years while building another dorm over mccormick. All rooms have a private bathroom, close to downtown, food in the dorm, I'm assuming there are conference rooms, suites for RA's, right next to the state of the art fitness center.... A lot of positives could be achieved with a modest remodel.

[keefe]

Puts a buffer between where the students are the majority of the time(housing) and the less than savory parts of town...

Whiskey Tango Foxtrot, Over?

Do I need to point out that it was in the "less savory parts of town" where we received our well rounded Jesuit education? I believe it was St. Alfred McGuire who encouraged us to explore.

You disappoint, Navy. 

[warriorchick]

Not sure if it's in good enough shape to be a dorm.  The Ramada was skeevy even back in my day.

But stranger things have happened.  McCabe, which is arguably the nicest dorm currently, used to be an SRO.

[GooooMarquette]

Not sure if it's in good enough shape to be a dorm.  The Ramada was skeevy even back in my day.

But stranger things have happened.  McCabe, which is arguably the nicest dorm currently, used to be an SRO.

True - the Ramada has been a dump for decades.  But then again, so has McCormick....

[muwarrior69]

Would it also put the students closer to the BC and the new arena?

[ZiggysFryBoy]

Would it also put the students closer to the BC and the new arena?

no, that would be Seattle U.

[keefe]

no, that would be Seattle U.

Seattle U is actually quite close to where they want to build the new basketball arena.

[mu03eng]

Whiskey Tango Foxtrot, Over?

Do I need to point out that it was in the "less savory parts of town" where we received our well rounded Jesuit education? I believe it was St. Alfred McGuire who encouraged us to explore.

You disappoint, Navy. 

Hey not a value statement, the less than savory parts of town is pretty much how I spent 4 of the best years of my life.  Having said that, today's helicopter parent does not place the same value on a broad set of experiences that you and I do.

[jsglow]

At this juncture I don't think anything is decided.  MU is currently undertaking a master planning process.  When land becomes available they are clearly jumping on it but I think it premature to think it's been earmarked for anything.  The Board is trying to do this somewhat systematically.  When you think about it, MU's 'land bank' got significantly smaller when the law school was built on Tory Hill.  Kind of thinking the Children's Hospital demo fits the same model.

Also, for those that haven't been to campus in awhile, MU visibility is 100 fold what is was before Eckstein Hall went up.  I'm really expecting the same impact on the northeast corner of the MU interchange when this is all said and done.  That Health Center is going to be very impressive.  Now we just need to find somebody to pay for it.

[mu03eng]

At this juncture I don't think anything is decided.  MU is currently undertaking a master planning process.  When land becomes available they are clearly jumping on it but I think it premature to think it's been earmarked for anything.  The Board is trying to do this somewhat systematically.  When you think about it, MU's 'land bank' got significantly smaller when the law school was built on Tory Hill.  Kind of thinking the Children's Hospital demo fits the same model.

Also, for those that haven't been to campus in awhile, MU visibility is 100 fold what is was before Eckstein Hall went up.  I'm really expecting the same impact on the northeast corner of the MU interchange when this is all said and done.  That Health Center is going to be very impressive.  Now we just need to find somebody to pay for it.

What, your checks aren't big enough yet?  Come on section 402 should be putting a name on the thing

[warriorchick]

What, your checks aren't big enough yet?  Come on section 402 should be putting a name on the thing

LOL.  I must say that it amuses me that there are certain folks on this board who are fond of saying, "Marquette should do this" or "Marquette should build that" and all the while, their wallets remain firmly lodged in their back pockets.

[Benny B]

Hey not a value statement, the less than savory parts of town is pretty much how I spent 4 of the best years of my life.  Having said that, today's helicopter parent does not place the same value on a broad set of experiences that you and I do.

And now we spend our days on the less savory parts of the interwebs here at Ye Olde Scoope Emporium.

[Macallan 18]

Does anyone know where the money for these real estate purchases come from. The Endowment? Separate Real Estate Fund? Bond sale? Quicken Loan Mortgage?

In contrast to billionaire owners asking the state for money to construct a new arena, it is nice to see private entities like Marquette and MSOE utilize their own funds to purchase land and construct new buildings.

[mu-rara]

Does anyone know where the money for these real estate purchases come from. The Endowment? Separate Real Estate Fund? Bond sale? Quicken Loan Mortgage?

In contrast to billionaire owners asking the state for money to construct a new arena, it is nice to see private entities like Marquette and MSOE utilize their own funds to purchase land and construct new buildings.

One of the LLCs was based in Oconomowoc.  There are a few wealthy alums on Oconomowoc Lake, Pine Lake, etc.