Falls has third highest manufacturing value in the state
Board presentation highlights 2012 development
Menomonee Falls - Though the village is the 21st largest community in the state, it ranks third for the highest assessed value of manufacturing real estate, Director of Community Development Matt Carran said during a presentation to the Village Board on Monday.
Falls is behind Milwaukee and Green Bay for manufacturing real estate.
"We are experiencing all this development without losing this village flavor we have come to enjoy and why we all live here," Village Trustee Michael McDonald said.
He said they let developers know the criteria that needs to be followed to move into the village, adding it "enhances the current situation of residents, rather than deteriorating it."
The village also has the ninth highest assessed value in the state, with an increase of $30 million in 2012 compared with 2011.
"With the economy the way it is, quite a few cities are going down in value. Menomonee Falls has not," Carran said. "Menomonee Falls isn't just a minor community in the state, we are definitely one of the bigger economic players in the state."
Some of the major commercial developments in the last year include Froedtert Health and the Wisconsin Athletic Club, which is building a 91,000-square-foot facility at the former Stolper Steel Site, near Pilgrim Road and Roosevelt Drive.
"That area needs to be an image piece of Menomonee Falls along the freeway and this is the start to that - upstanding building, high quality," Carran said.
Falls Chiropractic Group constructed a new building in 2012. The North Point Shopping Center underwent renovations, bringing in Jo-Ann Fabrics and Big Lots as its anchor tenants.
Community Memorial Hospital began the renovation of its facade in 2012. Hamilton School District's Marcy Elementary, one of the fastest growing schools in the village, added six classrooms to its building on Marcy Road.
"The key thing with this addition is this was done without a referendum and paid for out of the general budget and maintenance budget," Carran said.
In addition, 2012 brought the approval of the Kohl's expansion to construct a corporate campus, as well as the expansions of the Alto-Shaam and Wacker Corp. plants.
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