HKS Holdings begins work on next Milwaukee property

Milwaukee-based HKS Holdings is developing a new property in Wauwatosa, Minn.

HKS previously developed the Kimpton Journeyman Hotel in the Historic Third Ward in Milwaukee, and the new project will be part of a $36 million mixed-use development built in Milwaukee County Research Park by the Mandel Group. The 100-120-room hotel has not yet settled on a flag, but HKS descried the property as being built for an "upper to midscale limited-service" operator.

"We have been trying to find the right site in Wauwatosa to do a project and we are excited to be working on building this hotel," Kyle Strigenz, co-owner of HKS Holdings, said in a statement.

Guy Mascari, executive director of Milwaukee County Research Park, said in a statement that the new property from HKS will help the area position itself better to capture larger conferences throughout the year, boosting occupancy during slow periods.

The project also includes the development of 90 to 100 apartments, more than 70 percent of which will be studio or one-bedroom lodgings. A cafe and a fitness center are being planned for a future renovation of a 102-year-old building known as the M-10 building, which has roughly 8,200 square feet of space.