Underwood Crossing Wins Retail Development of Year
Kudos come in from a state commercial realtors association for Brookfield's new Target-anchored shopping center at which Trader Joe's opens Nov. 2.
Brookfield's newest shopping center — Underwood Crossing with Target, Trader Joe's and more — has been named retail development of the year by the Commercial Association of Realtors Wisconsin.
Underwood Crossing is a class A, approximately 175,000-square-foot center at Bluemound Road and North 128th Street, developed by Ryan Companies US, Inc.
In addition to a 140,000-square-foot Target with grocery, a Trader Joe's and PNC Bank are under construction and opening in November. The approved development includes future retail and restaurant, such as a frozen yogurt shop, hair salon and "fast-casual" eatery.
- See related: Brookfield Trader Joe's is hiring
"There have been many people and organizations who have been intimately involved in the success of developing Underwood Crossing," Tony Barranco, Ryan Cos. vice president of development, said in a press release. "We are honored to accept this award from the Commercial Association of Realtors Wisconsin, and do so with gratitude for all of those people who played a role in the development."
Underwood Crossing was built on the site of the former Quebecor World printing plant, which was demolished and the site remediated.
"We have always believed that Underwood Crossing was a great opportunity to restore an old brownfield site and deliver a unique project and amenities back to the community," Barranco added. "From the recycling of construction materials to the use of natural elements and processes to the involvement of the local community, this has been a rare opportunity. We are glad to have been part of it."
Ryan Cos. donated a four-acre land site at the south side of the site to the City of Brookfield to expand an existing park. It also preserved a 75-foot span of trees on the western edge of the property along a berm between the site and the nearby Columbia Gardens residential subdivision.
Ryan Cos. was named the 2007 National Developer of the Year by the National Association of Office and Industrial Properties.