WEDC contributed $5,000 toward a $20,000 feasibility study for renovating and reopening the historic riverfront Steamboat Inn. Following the study, a development partner was identified and the historic properties were demolished to make way for a four-story, mixed-use, 83,000-square-foot project planned to include a restaurant and banquet facility as well as a parking garage, retail and office space, condominiums and a rooftop patio and pool.
WEDC contributed $762,500 in two grants (Site Assessment and Brownfields) toward a $100 million project to create an innovation campus on an 89-acre site in Wauwatosa. An additional $12 million in TIF funding was provided by the city. The grant facilitated cleanup of the site of a former hospital and children’s home on which foundry sand was discovered. EPA funds were also used in the project. Today, the site includes an innovation accelerator, office space and a hotel.
WEDC contributed $250,000 toward the $1.3 million renovation of the long-vacant building at 531 North Main Street. The building will now house the headquarters of DealerFire, a web design and internet marketing firm, while simultaneously creating an incubator/co-working space to foster additional entrepreneurial development in the city. The firm expanded as part of the move, adding 123 additional jobs and investing an additional $1 million in equipment and training.
WEDC contributed $235,000 toward the $3 million downtown redevelopment project. The project allowed Ace Hardware to open in a converted warehouse, and created space for a new NAPA Auto Parts to open in the community while retaining five existing tenants and recruiting three new, smaller tenants, which benefit from improved space and visibility. The project created a combined 30 additional jobs.