2017 DEVELOPMENT REPORT Village of Menomonee Falls Waukesha County, Wisconsin Some of the 121 single family homes approved for construction in Menomonee Falls in 2017 Village of Menomonee Falls Department of Engineering and Development Services Contents Overview 2017 Development Highlights..................................................................................2 Village Overview.............................................................................................................3 Menomonee Falls at a Glance....................................................................................4 Value....................................................................................................................................5 Population & Projections.............................................................................................6 Development Summary Redevelopment...............................................................................................................7 New Development.........................................................................................................8 Downtown Menomonee Falls....................................................................................9 Building Permits...........................................................................................................10 Residential Development Overview.........................................................................................................................11 Single Family Lots........................................................................................................13 Housing Starts...............................................................................................................14 2017 Plans & Projects.................................................................................................15 Commercial Development Overview.........................................................................................................................17 2017 Plans & Projects..................................................................................................17 Institutional Development 2017 Plans & Projects.................................................................................................19 Industrial Development Manufacturing Assessed Real Estate Value........................................................21 2017 Plans & Projects..................................................................................................21 2017 Planning Projects Main Street Parking & Streetscape...................................................................................23 Park & Trail Improvements....................................................................................................23 Commemorating the 125th Anniversary.......................................................................24 Appleton Avenue Corridor Visioning.............................................................................24 2017 Development Numbers 2017 Statistics................................................................................................................25 1 Village of Menomonee Falls Department of Engineering and Development Services 2017 Development Highlights This report focuses on noteworthy developments within Menomonee Falls and summarizes the Department of Community Development’s activities in 2017. Development activity was strong in 2017 with redevelopment projects and new development across all sectors. The continued commitment of Village staff and members of Menomonee Falls’ boards, commissions and committees helped ensure that all projects were completed in a high-quality manner which protected public interest and improved quality of life for residents and visitors. 2017 highlights include: • The greatest number of building permits ever recorded (904) • Building permits issued for 121 single family homes totaling over $41 million in construction value (a 19% increase in single family home starts from 2016 to 2017) • Projects totaling nearly $102 million in construction value • Redevelopment in downtown Menomonee Falls and at White Stone Station - Riverwalk on the Falls apartments - White Stone Station retail and restaurants - Main Street reconstruction and streetscape project • An increase of $63.2 million in tax incremental value within TIF districts from 2016 to 2017 • Major public facilities and healthcare sector projects totaling $22.3 million in construction value • Park upgrades at John Taylor Park, Kiwanis Park, Mill Pond Park and Menomonee River Parkway/Bug Line Trail Construction proceeded on the Riverwalk on the Falls apartment project in 2017 2 Village of Menomonee Falls Department of Engineering and Development Services Village Overview A Friday beer garden was launched in Centennial Plaza in downtown Menomonee Falls in 2017 Menomonee Falls embodies small town charm while providing first class amenities and convenient access to the entire Milwaukee Metropolitan Area. Incorporated in 1892, Menomonee Falls now has a total land area of 32.92 square miles. The Village’s population was estimated to be 37,413 in 2017. The Village’s high quality of life is rooted in diverse economic opportunities, a wide variety of housing options and its natural assets. The Village was recognized in 2017 by a number of organizations. For example: • AreaVibes.com ranked Menomonee Falls as the 4th Best Place to Live in Wisconsin, citing the Village’s amenities, City of Village of Mequon low crime, great schools and employment opportunities. ¥¦41 Germantown ¤£45 • Niche.com ranked the Village in the top 25 Best places to ¥¦43 Village of Live in Wisconsin rankings (out of 440 places). Menomonee Village of Falls Sussex • Safe Home ranked Menomonee Falls as the 2nd safest city in Wisconsin with more than 27,000 residents City of Brookfield ¤£45 City of ¥¦41 City of Milwaukee • US News & World Report awarded Menomonee Falls Wauwatosa ¥¦94 High School and Hamilton High School among the top City of ¥¦94 I2 Waukesha 20 public high schools in the state for college readiness City of West Allis ¥¦43 ¥¦894 ¤£45 94 City of ¥¦ • The Milwaukee Metropolitan Builders Association featured New Berlin ¥¦41 ¥¦894 ¥¦43 ¥¦41 10 sites in Menomonee Falls in its 2017 Parade of Homes. J^ ¥¦43 94 City of ¥¦ Franklin 41 City of ¥¦ Muskego City of Oak Creek 3 Village of Menomonee Falls Department of Engineering and Development Services Freeway Passenger Rail J^ International Airport Source: DOT, US Census This map is intended for informational purposes only and does not replace the need for Other US Hwy Freight Rail land or field survey. The Village of Menomonee Falls makes no representations County Boundary regarding map accuracy or fitness for any use. This map does not represent an expressed or implied contract with the Village of Menomonee Falls. All parties must State Hwy I2 Intermodal Station Civic Boundary obtain the permission of the Village of Menomonee Falls before re-releasing this map or copies of the information displayed on or derived from it. County/Local Road _________________________________________________________________________ Map Accuracy: National Map Accuracy Standards 0123456Miles Coordinate System: State Plane Coordinate System ± Datum: North American Datum, 1927 Menomonee Falls at a Glance Population Housing Economy Total Population: 37,413 Total Housing Units: 15,364 Median Household Income: $74,266 Multi-Family 2010-2017 +5.0% 2012-2016 Estimate 32,606 jobs 25.7% Jobs 2000-2017 +14.6% Growth Rate Growth Wholesale Construction Trade 5.2% Leisure & Hospitality 3.7% Single Family 6% 74.3% High School/GED 95.5% Finance, Housing MixHousing Insurance & Manufacturing Real Estate 24.8% Bachelor’s Degree 41.1% 7.5% Other Education or Higher Sectors 6.8% Professional & Business Services Retail Trade 19.6% 10.9% Education & Employment SectorsEmployment Health Care 17.8% Median Age 44.1 years Age Owner-occupied 98.0% Rental 95.8% Male 47.9% Occupancy Rates Milwaukee Metropolitan Area 8% Gender Female 52.1% 7% 2000 2016 6% 5% 0-4 Under 5 years 6.6 6.1 4% 5 to 9 years 7.2 5-9 5.1 3% 10 to 14 years 7.2 10-14 5.8 2% $228,300 15 to 19 years 5.8 15-19 6.6 vs. 1% 20 to 24 years 3.6 20-24 4.6 0% Median Value $254,700 in Waukesha County 25 to 29 years 5.0 25-29 5.4 Rate Regional Unemployment 2012 2013 2014 2015 2016 2017 30 to 34 years 7.1 30-34 6.1 35 to 39 years 9.8 35-39 6.2 # of Employees 40 to 44 years 8.8 40-44 5.3 Kohl’s Corporation 5,500 45 to 49 years 7.6 45-49 6.4 • $946 per month 50 to 54 years 6.1 50-54 7.9 • Froedtert & the Medical 2,500 55 to 59 years 5.3 55-59 8.8 College of Wisconsin Age Distribution Age Comparison Communities 60 to 64 years 4.6 60-64 6.7 Brookfield, WI - $1,354 • Harley Davidson 950 65 to 69 years 4.9 65-69 5.3 Germantown, WI - $1,004 • Briggs & Stratton 900 70 to 74 years 4.1 70-74 3.8 Median Rent Mequon, WI - $1,320 • FIS Management 700 75 to 79 years 2.9 75-79 3.2 New Berlin, WI - $1,111 Major Employers • Menomonee Falls 650 80 to 84 years 1.780-84 3.3 Sussex, WI - $941 85 years and over 2.085+ 3.5 School District 10 8 6 4 2 0 2 4 6 8 10 • Wells Fargo 650 Percent of Population 4 Village of Menomonee Falls Department of Engineering and Development Services Value Menomonee Falls has a growing residential sector and continues to be a desirable location for both large and small businesses to locate and expand. This development trend supports a resilient tax base and was evidenced by the Village having