WEDC provided $1 million toward the $9.5 million first phase of the Central Wisconsin Applied Research and Business Park development. DMI Acquisitions LLC is the lead developer for the project, which will redevelop the former mill site.
The Redevelopment Authority of the City of Milwaukee received $1 million from WEDC’s Idle Sites Redevelopment Program to assist in the redevelopment of Reed Street Yards, approximately 17 acres of vacant land that was formerly a rail yard and truck terminal. Specifically, the redevelopment authority is seeking to attract a water technology subsidiary of Rexnord Corp. from outside of Wisconsin to build a 65,000-square-foot facility, and General Capital is planning to build two 80,000-square-foot multi-tenant buildings marketed toward companies in the water cluster. The construction of these three buildings will have a catalytic impact on the development of the rest of Reed Street Yards and the growth of the water cluster in the greater Milwaukee region. Funding from the Idle Sites Redevelopment Program will be used to offset environmental remediation costs and site preparation costs associated with these three building sites.
WEDC contributed $499,970 toward a $40 million project to create 291 apartment units in four buildings on the site of the former Sweet Water Organics property, a site with a long history of metal fabrication activity. Site cleanup included removal and capping to address a number of contaminants including PAHs, RCRA metals and PCBs, as well as asbestos abatement and demolition. The introduction of residential uses also required installation of a sub-slab venting system.
In 2016, WEDC awarded $500,000 toward the $4 million redevelopment of the historic Garver Feed Mill and adjacent 10.5-acre site into an artisanal food processing facility including a food incubator, office and retail tenants and hotel/residential space.