Two-Fifty
| Two-Fifty | |
|---|---|
 | |
 | |
| Former names | 250 Plaza |
| General information | |
| Status | Completed |
| Address | 250 East Wisconsin Avenue |
| Coordinates | 43°02′20″N 87°54′30″W / 43.03898834159365°N 87.90831582395869°W |
| Construction started | 1971 |
| Completed | 1973 |
| Owner | Fulcrum Asset Advisors & Millbrook Properties |
| Height | 229 ft (70 m) |
| Technical details | |
| Floor count | 20 |
| Floor area | 200,000 sq ft |
| Design and construction | |
| Architect(s) | Perkins & Will |
| Main contractor | Klug & Smith Co |
Two-Fifty, formerly known as 250 Plaza, is a 20-story, 229-foot-tall (70 m) skyscraper in Milwaukee, Wisconsin. The tower contains offices, an Associated Bank branch, and ground floor commercial space. Two-Fifty is located at 250 East Wisconsin Avenue.
History
[edit]Two-Fifty was originally built in 1973 as the First Savings Plaza.[1] In 2003, anchor tenant Marcus Corp. left Two-Fifty, vacating 56,000 square feet of office space. The building would go into receivership in 2009.[2] In August 2015, Chicago-based Fulcrum Asset Advisors and Millbrook Properties purchased Two-Fifty for $9.75 million, intending to substantially renovate the property.[3][4] Since the acquisition, the owners spent around $8.5 million in improvements for Two-Fifty, including repairs to the facade and revamping of the lobby and canopy.[5] Associated Bank announced that it would open a 2,100 square foot retail branch in Two-Fifty in 2017.[6][7] As of October 2021, Two-Fifty has an 80% occupancy rate.[8]
Construction
[edit]Two-Fifty was designed by Perkins & Will, while Klug & Smith Co. served as the builder.[1] The building began construction in 1971 and was completed in 1973.[9]
See also
[edit]References
[edit]- ^ a b "250 E WISCONSIN AVE | Property Record". Wisconsin Historical Society. 2012-01-01. Retrieved 2024-11-09.
- ^ "250 Plaza office tower goes into receivership". archive.jsonline.com. Retrieved 2024-11-09.
- ^ Ryan, Sean. "Chicago investors buy 20-story 250 Plaza office building in downtown Milwaukee". www.bizjournals.com. Retrieved 2024-11-09.
- ^ Staff, BizTimes (2015-08-05). "250 Plaza building sold for $9.75 million". BizTimes - Milwaukee Business News. Retrieved 2024-11-09.
- ^ Daykin, Tom. "Two-Fifty office tower undergoes face lift to land new tenants". Journal Sentinel. Retrieved 2024-11-09.
- ^ Dill, Molly (2017-04-25). "Associated Bank plans Wisconsin Avenue branch". BizTimes - Milwaukee Business News. Retrieved 2024-11-09.
- ^ "Associated Bank plans branch at Two-Fifty office building". www.bizjournals.com. Retrieved 2024-11-09.
- ^ "Two-Fifty office tower rebounds to 80% occupancy, seals lease with federal agency". www.bizjournals.com. Retrieved 2024-11-09.
- ^ Jannene, Jeramey. "Plats and Parcels: Another Company Bucks Trend, Expands Downtown Office". Urban Milwaukee. Retrieved 2024-11-09.