Cypress Equities plans development of mixed-use property in Wisconsin

Dallas-based Cypress Equities, a commercial development firm, has acquired and recapitalized a 1.2 million-square-foot Bayshore Town Center in Glendale, Wis., a suburb of Milwaukee.

The new partnership intends to redevelop Bayshore into an appealing entertainment, shopping, dining and mixed-use project.

Once complete, the re-envisioned center will include new architecture, landscaping and art by local artists. It also will include more local retailers and merchants, unique restaurant concepts, an upmarket/select-service hotel, more than 300 new residential units, class A office and co-working space, and an upgrade to the town center's green park that will include year-round entertainment.

"It is our hope that one of the core benefits of the new Bayshore will bring people together around elevated lifestyle and dining experiences, rich shopping opportunities, and hospitable living quarters," said Chris Maguire, CEO of Cypress Equities.

Bayshore is currently an open-air, mixed-use shopping center featuring a variety of retail, restaurants, office space and residential units. The shopping center has more than 80 retailers, restaurants and service providers, including Apple, H&M, Banana Republic, Barnes & Noble, Athleta, The Gap, and Trader Joe's.

Work will begin at the end of the month and is to be completed in phases through late 2020.