Herb Kohl charity provides $1M for endowed chair at newly-named ThriveOn King facility bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
By Greater Milwaukee Foundation - Dec 18th, 2020 10:41 am
Milwaukee, Wis., Dec. 18, 2020 – With $11 million newly allocated to venture capital and mission related investment, the Greater Milwaukee Foundation is on pace to exceed its recent five-year, $30 million commitment to impact investing as a means to advancing equitable economic opportunity.
The Foundation has invested $10 million with Royal Capital Group to support the acquisition and redevelopment of the property that will serve as the physical home of the community-centered ThriveOn Collaboration. The investment gives the Foundation an ownership stake in the former Gimbels-Schuster’s location on King Drive that will house its future headquarters, the Medical College of Wisconsin’s community engagement programs and first floor amenities for the community.
ThriveOn Collaboration construction will begin in February. By Jeramey Jannene - Dec 15th, 2020 06:10 pm //end headline wrapper ?>Schuster’s redevelopment. Conceptual rendering by Engberg Anderson Architects.
Royal Capital Group announced Tuesday it purchased the former Gimbels department store at 2153 N. Martin Luther King Jr. Dr. The acquisition, from an affiliate of CH Coakley & Co., represents a key milestone in the redevelopment of the 455,000-square-foot complex.
The completed $84.5 million project will be known as the ThriveOn Collaboration and will have apartments, office space and community space under one roof. The project is a partnership between Royal Capital, the Medical College of Wisconsin (MCW) and Greater Milwaukee Foundation (GMF).
Royal Capital closes deal for King Drive building which Greater Milwaukee Foundation, MCW will occupy bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.