Black Women-Led Firm Revitalizes Milwaukee's Historic Bronzeville One Building At A Time
Maures Development Group, one of Wisconsin's first Black women-owned real estate development firms, is celebrating the launch of Bronzeville Estates, a major step in the revitalization of Milwaukee's historic Bronzeville community.
On May 1, Melissa Nicole Allen unveiled Bronzeville Estates at her firm's new headquarters on Milwaukee's historic Dr. Martin Luther King Jr. Drive.
In an intimate ceremony hosted by her 9-year-old daughter, Evelyn, Allen spoke about her passion for reclaiming space in the historically Black community and how her revitalization project serves as a symbol of resilience and renewal in the heart of the city's Black business district.
'There is energy and a very deep knowing that comes to me when I desire to pursue something,' Allen told the crowd of family, friends, media, and local government leaders.
Bronzeville was once a vibrant cultural and economic center for Milwaukee's African-American community, but it was tragically wiped out by the construction of Interstate 43. The project displaced more than 8,000 residents, shuttered businesses, and fractured the heart of a once-thriving neighborhood.
The impact of that era is still felt today, but Allen's women-led revitalization project marks a bold renewal of ownership and identity in a city where Black excellence runs deep.
'In 2005, the city of Milwaukee designated a new Bronzeville. And so resources were gathered, there was infrastructure being built, and so a lot of work went into setting the groundwork,' Brad Pruitt, executive director at America's Black Holocaust Museum, tells BLACK ENTERPRISE. 'But until this young woman decided to put some activation into those concepts and development, it was a moderately paced process.'
Driven by a deep love for her city, Allen set out years ago to restore the very community that shaped her. Since founding Maures Development Group in 2006, the mom of three has invested over $100 million and developed more than 400 housing units in underserved areas of Milwaukee.
Her portfolio highlights her commitment to restoring communities one development at a time. Take the Allen building, located next to her firm's new office. The two-story property houses two commercial spaces on the ground floor and two residential units above, seamlessly merging practicality with a people-first design.
Allen's redevelopment of the Mill Road Library turned the site into a vibrant mixed-use space featuring a 17,000-square-foot Milwaukee Public Library and 65 housing units for mixed-income families. She also leased part of a commercial property she owns to support the redevelopment of America's Black Holocaust Museum, an impactful must-see institution founded by a Civil Rights activist who survived an attempted lynching at 16 years old.
Then there's Bronzeville Estates, a 30-unit residential development built to inspire pride, foster dialogue, and honor legacy. The project, along with many others in the area, has local leaders applauding Allen's efforts to help return Bronzeville to its former economic vibrancy.
Now, as Maures Development Group transforms Milwaukee's real estate landscape with a focus on equity, pride, and lasting impact, its mission remains rooted in the philosophy of 'leveraging bricks and mortar to bring pride and hope to people.'
'The standards within the industry are not set up for somebody who is from urban environments to be able to be successful,' Allen tells BLACK ENTERPRISE. 'After 19 years, Bronzeville Estates is even more important because it's the first one where I'm the lead developer on a transaction. Does that mean I hit the million mark…. the five million mark? No, but come on. Let's get us there. Let's get us there.'
With the landmark Bronzeville redevelopment, Allen marks a new chapter in Milwaukee's Black history, making strides as one of Wisconsin's trailblazing Black women developers. The grand opening of Bronzeville Estates stands as a powerful step in her mission to uplift underserved communities and build sustainable, thriving spaces.
Next up: Maures Development Group gears up for its 20th anniversary in 2026 and plans to break ground on a new hotel. All in line with how Milwaukee is keeping the momentum of Black Excellence going strong.
RELATED CONTENT: Malik Yoba To Teach The Masses How To 'Flip The Hood'
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 minutes ago
- Yahoo
Micron to invest $200 billion in US memory facilities
Memory chip maker Micron (MU) announced on Thursday that it will invest an additional $30 billion in the US, as it looks to build out its manufacturing and research and development facilities in Idaho and New York. The move brings Micron's total US manufacturing and R&D investments up to roughly $200 billion which will create some 90,000 direct and indirect jobs, the company said. Micron is receiving about $6.5 billion in funding from the US CHIPS Act. The plans call for Micron to build a second memory manufacturing plant at its Boise, Idaho, facility and a massive chip fabrication complex in New York. The company is also updating and expanding its Virginia plant. Micron also said it expects the second Idaho plant to help it bring its advanced high-bandwidth memory (HBM) manufacturing to the US. HBM is a key component in AI data centers. 'Micron's investment in advanced memory manufacturing and HBM capabilities in the U.S., with support from the Trump Administration, is an important step forward for the AI ecosystem,' Nvidia (NVDA) CEO Jensen Huang said in a statement. 'Micron's leadership in high-performance memory is invaluable to enabling the next generation of AI breakthroughs that NVIDIA is driving. We're excited to collaborate with Micron as we push the boundaries of what's possible in AI and high-performance computing,' Huang added. All totaled, Micron says the investments will allow the company to produce 40% of its DRAM memory in the US. Its initial Idaho plant is expected to begin pumping out the hardware in 2027. Micron also says it is set to begin preparing the ground for its New York facilities later this year. 'This approximately $200 billion investment will reinforce America's technological leadership, create tens of thousands of American jobs across the semiconductor ecosystem and secure a domestic supply of semiconductors—critical to economic and national security,' Micron CEO Sanjay Mehrotra said in a statement. 'We are grateful for the support from President Trump, Secretary Lutnick and our federal, state, and local partners who have been instrumental in advancing domestic semiconductor manufacturing.' Micron isn't the only company bringing HBM production to the US, though. South Korea's SK Hynix is also building a new HBM plant in Indiana as part of a $3.8 billion construction project. The Trump administration, and the Biden administration before it, has made onshoring semiconductor manufacturing a key component of its domestic agenda, as it seeks to wean itself off of the country's dependence on foreign-made chips. Companies ranging from Intel (INTC) and TSMC (TSM) to Samsung and GlobalFounderies (GFS) and others have recently announced plans to build or upgrade their facility throughout the country, thanks in part to billions of dollars in funding through the CHIPS Act. Email Daniel Howley at dhowley@ Follow him on X/Twitter at @DanielHowley. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
14 minutes ago
- Yahoo
BioNTech to Acquire CureVac in Stock Deal Valued Around $1.25 Billion
BioNTech will acquire all shares of CureVac after the two sides reached an agreement in a deal valued around $1.25 billion. Each share of CureVac, a clinical-stage biotech company, will be exchanged for about $5.46 in BioNTech American depositary shares. Upon the deal's closing, CureVac shareholders are expected to own between 4% and 6% of the German developer of RNA vaccines and immunotherapies. ICE Raids Have Sent Latino Shoppers Into Hiding and Big Brands Are Hurting The Secret to Retaining the Best Employees: Ask Them These Four Questions Here's How Much Money the U.S. Is Earning From Tariffs, in Charts How Home Depot Became Ground Zero in Trump's Deportation Push Supply Chains Become New Battleground in the Global Trade War BioNTech Chief Executive Ugur Sahin said the plan is to bring complementary capabilities between the two companies together to develop transformative cancer treatments. CureVac's operating subsidiary will become a wholly owned subsidiary of BioNTech following the close of the transaction. As part of this plan, BioNTech will integrate CureVac's research and manufacturing site in Tübingen, Germany. The deal was unanimously approved by both companies' management and supervisory boards. It is expected to close in 2025. Shares of CureVac surged 29% to $5.25 in premarket trading. Write to Denny Jacob at Pulls Outlook as Sales Fall Bojangles Is Exploring a Sale While the Fried-Chicken Market Is Hot Why Bosses Should Give Feedback in the Morning The Audacious Reboot of America's Nuclear Energy Program Muted May Inflation Defies Tariff Fears Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 minutes ago
- Yahoo
Is Fidelity Select Portfolio Medical Technology and Devices (FSMEX) a Strong Mutual Fund Pick Right Now?
If you have been looking for Sector - Health funds, a place to start could be Fidelity Select Portfolio Medical Technology and Devices (FSMEX). FSMEX has a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on various forecasting factors like size, cost, and past performance. Zacks categorizes FSMEX as Sector - Health, a segment packed with options. Sector - Health mutual funds offer investors a focus on the healthcare industry, one of the largest sectors in the American economy. These funds can include everything from pharmaceutical companies to medical device manufacturers and for-profit hospitals. Fidelity is responsible for FSMEX, and the company is based out of Boston, MA. Fidelity Select Portfolio Medical Technology and Devices made its debut in April of 1998, and since then, FSMEX has accumulated about $4.48 billion in assets, per the most up-to-date date available. The fund is currently managed by Edward Yoon who has been in charge of the fund since May of 2007. Investors naturally seek funds with strong performance. This fund has delivered a 5-year annualized total return of 5.12%, and it sits in the middle third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3 -year annualized total return of 3.37%, which places it in the bottom third during this time-frame. It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower. When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, FSMEX's standard deviation comes in at 18.22%, compared to the category average of 15.64%. Over the past 5 years, the standard deviation of the fund is 19.24% compared to the category average of 16.64%. This makes the fund more volatile than its peers over the past half-decade. Investors should note that the fund has a 5-year beta of 0.92, which means it is hypothetically less volatile than the market at large. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. With a negative alpha of -7.95, managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns. Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, FSMEX is a no load fund. It has an expense ratio of 0.63% compared to the category average of 1.11%. Looking at the fund from a cost perspective, FSMEX is actually cheaper than its peers. While the minimum initial investment for the product is $0, investors should also note that there is no minimum for each subsequent investment. Fees charged by investment advisors have not been taken into considiration. Returns would be less if those were included. Overall, Fidelity Select Portfolio Medical Technology and Devices ( FSMEX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, average downside risk, and lower fees, Fidelity Select Portfolio Medical Technology and Devices ( FSMEX ) looks like a great potential choice for investors right now. Your research on the Sector - Health segment doesn't have to stop here. You can check out all the great mutual fund tools we have to offer by going to to see the additional features we offer as well for additional information. For analysis of the rest of your portfolio, make sure to visit for our full suite of tools which will help you investigate all of your stocks and funds in one place. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (FSMEX): Fund Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data