Two-Fifty

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Two-Fifty
250 Plazza 250 E WISCONSIN AVE.jpg
Two-Fifty
Former names250 Plaza
General information
StatusCompleted
Address250 East Wisconsin Avenue
Coordinates 43°02′20″N87°54′30″W / 43.03898834159365°N 87.90831582395869°W / 43.03898834159365; -87.90831582395869
Construction started1971
Completed1973
OwnerFulcrum Asset Advisors & Millbrook Properties
Height229 ft (70 m)
Technical details
Floor count20
Floor area200,000 sq ft
Design and construction
Architect(s)Perkins & Will
Main contractorKlug & 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.

Contents

History

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

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

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References

  1. 1 2 "250 E WISCONSIN AVE | Property Record". Wisconsin Historical Society. 2012-01-01. Retrieved 2024-11-09.
  2. "250 Plaza office tower goes into receivership". archive.jsonline.com. Retrieved 2024-11-09.
  3. Ryan, Sean. "Chicago investors buy 20-story 250 Plaza office building in downtown Milwaukee". www.bizjournals.com. Retrieved 2024-11-09.
  4. Staff, BizTimes (2015-08-05). "250 Plaza building sold for $9.75 million". BizTimes - Milwaukee Business News. Retrieved 2024-11-09.
  5. Daykin, Tom. "Two-Fifty office tower undergoes face lift to land new tenants". Journal Sentinel. Retrieved 2024-11-09.
  6. Dill, Molly (2017-04-25). "Associated Bank plans Wisconsin Avenue branch". BizTimes - Milwaukee Business News. Retrieved 2024-11-09.
  7. "Associated Bank plans branch at Two-Fifty office building". www.bizjournals.com. Retrieved 2024-11-09.
  8. "Two-Fifty office tower rebounds to 80% occupancy, seals lease with federal agency". www.bizjournals.com. Retrieved 2024-11-09.
  9. Jannene, Jeramey. "Plats and Parcels: Another Company Bucks Trend, Expands Downtown Office". Urban Milwaukee. Retrieved 2024-11-09.