The Sconi

Bear Development and Kacmarcik Enterprises are set to manage an 11-acre parcel of land that is slated to be part of a sports and entertainment district.

With the 11 acres of land being placed on the market by Marquette University, Fox6Now.com reports the comprehensive district will ultimately serve as home to a professional soccer club, an indoor concert venue, a full-service hotel, multi-family residential housing, retail and food and beverage elements.

The land, which is bordered by N. 6th Street to the east, Michigan Street to the north, and the Marquette Interchange to the west and south, was purchased by the school over a two-year period beginning in 2014. The 8,000-seat stadium is seen as the main draw, and will serve as the home stadium for Marquette men and women's soccer and lacrosse games.

"This new development reimagines and promises to bring new life into a highly visible strategic corridor, presenting an exceptional opportunity to connect the Marquette University campus and Westown neighborhood with the Downtown Milwaukee renaissance,” Marquette President Michael Lovell said in a statement. “The economic revitalization and community pride this multi-purpose development will catalyze is something I am proud Marquette can help facilitate through the strategic sale of this important parcel of land. I look forward to cheering on our men’s and women’s lacrosse and soccer teams in their new competition venue."

Authorities are also selling the venture as a way of linking the university, downtown Milwaukee, the Menomonee Valley and the Near West Side neighborhood. In addition, the sports and entertainment district is projected to create hundreds of new jobs in the community and draw a million visitors annually.

Currently, the site houses an assortment of vacant parcels and parking lots, a vacant hotel building, an office building and the Marquette Behavior Analysis Program Building, located at 525 N. 6th St. All of the land and structures are included as part of the sale.

While developers have vowed to demolish the vacant hotel building and tenants in the office building will be relocating, the school’s Behavior Analysis Program located on the farthest east portion of the property will not be immediately impacted.