The Milwaukee Institute of Art & Design is looking for developers to provide a residence hall for 250 freshmen students near the school’s Jane Bradley Pettit Building in the city’s 3rd Ward.
MIAD president Neil Hoffman estimates the school, 273 E. Erie St., Milwaukee, will need at least an 80,000-square-foot building that can accommodate 65 two-bedroom apartments. MIAD will release a request for proposals later this month outlining the school’s housing needs.
“MIAD believes the time is right, given the economic conditions and enrollment growth, to find a developer-owned and controlled site,” said Blair Williams, a partner at WiRED Properties, Milwaukee, and a real estate consultant for MIAD.
Given the current economic downturn and its slowing of most real estate development, it is likely MIAD’s project will receive a lot of interest from Milwaukee-area developers and real estate firms.
Hoffman said MIAD’s enrollment for the 2008-2009 school year is 650, with 260 freshmen. Hoffman expects MIAD to have more than 1,000 students in the next two years.
Hoffman would like to sign a long-term contract with a developer for the student housing project and possibly other space for retail stores and art galleries. MIAD’s only student housing now available is at 222 E. Chicago St., which houses 125 students.
MIAD, which was founded in 1974 but traces its roots back to 1920 and the Layton School of Art, offers bachelor in fine arts degrees in the fields of communication design, drawing, illustration, industrial design, integrated fine arts studio, interior architecture and design, painting, photography, printmaking, sculpture and time-based media.