![]() THE BIG PICTURE: The 9.5-acre campus accommodates 300+ employees, with room for future growth. Employees moved into the south building last June and the north building in March 2023. 13, 2007.□ Rite-Hite celebrated the grand opening of its new global headquarters in Milwaukee, Wisconsin. The Milwaukee Common Council's Community and Economic Development Committee will be making recommendations to the full Council regarding all award allocations.Īll requests must propose the re-use of vacant, blighted property or the physical expansion of property, provide new or increased city of Milwaukee tax base revenue and create jobs. To be eligible for this funding opportunity, applicants must be a non-profit agency organized under Chapter 181 of the Wisconsin State Statute and qualify as a Section 501 (c)(3) agency. ![]() "We are seeking new and innovative ideas and creative partnerships that will be a catalyst for valuable investment in the city." "This is an exciting opportunity to access and invigorate areas of the city that have unlimited potential, but have seen very little investment," Barrett said in a press release. Department of Housing and Urban Development. The funding totals $931,790 and is one of the largest economic development funding opportunities ever announced through the City of Milwaukee Community Development Grants Administration. Milwaukee Mayor Tom Barrett has released a Request for Proposals for Large Impact Development funding opportunities throughout the city of Milwaukee. The city of Milwaukee is issuing more than $930,000 in federal aid for the redevelopment of blighted buildings or expansion projects that add jobs and tax revenue. The Business Journal of Milwaukee - 2:57 PM CDT Monday, July 23, 2007 But they also said that approving city financing could set a precedent for owners of other historic downtown office buildings to seek similar assistance. Water, which overlooks the Milwaukee River, would be converted into seven condos.Ĭommittee members praised the project. That building has a 41% vacancy rate, and has lost tenants in recent years to newer office buildings. Water into a parking structure for 735 N. ![]() Water St., built in 1962 as an annex to the First Wisconsin building, has been vacant for more than 15 years.Ĭompass wants to convert the entire ground floor and the eastern half of the upper floors at 731 N. That building is leased to office tenants, including PrivateBank and Trust Co. was completed in 1913 as the headquarters for First Wisconsin National Bank. Water St., into condominiums and a parking structure. Compass Properties LLC plans to make improvements to the building, and convert an adjacent 80,000-square-foot building, at 731 N. The city funds would help finance renovations at a 295,000-square-foot office building at 735 N. The Zoning, Neighborhoods and Development Committee voted 3-2 to reject the financing plan. Thanks hydrogen! I'm honored.ĭevelopment news related though, here's an article from today's paper:Ī proposal for $3 million in city financing for the planned redevelopment of one of downtown Milwaukee's older office buildings was rejected today by a Common Council committee, raising doubts about the future of the $23 million project. Woohoo! Another Milwaukee Thread that starts off with one of my photos.
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