October 18, 2019
Dallas-based Cypress Equities acquired and recapitalized Bayshore Town Center, a 1.2-million-square-foot shopping center in the Milwaukee suburb of Glendale, WI.
Deal terms weren’t disclosed. BizTimes reported that Cypress plans a $75-million redevelopment of Bayshore into a mixed-use project.
The redesign will bring in more local retailers and merchants, curated restaurant concepts, an upmarket/select service hotel, 300-plus new residential units, Class A office and co-working space, and an upgrade to the town center’s green park that will include programmed, year-round entertainment.
“It is our hope that one of the core benefits of the new Bayshore will bring people together around elevated lifestyle and dining experiences, rich shopping opportunities, and hospitable living quarters,” says Chris Maguire, CEO of Cypress Equities.
The project’s redevelopment officially commences at the end of October, and will be completed in phases through late 2020.
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