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Kramer Foundry Redevelopment
The former Kramer Foundry building was renovated for commercial use, including Alterra Coffee Roasters, The Social Restaurant and Modern Aire Lofts. Includes a 60-unit affordable housing development financed in part with low-income housing tax credits.
City of Milwaukee provided a $650,000 loan from its revolving brownfield loan fund.
- New jobs: 213
- $6.5 million in private investment
Park Reed Building
538 S. 2nd Street
City of Milwaukee sold this vacant lot for the construction of a five-story office, retail and residential building by developer Julie Kaufmann. Will include office condominiums, penthouse residential condominiums, and a 1,300 sq. ft. retail condominium on the first floor.
- $4.5 million in private investment
Menomonee Valley
Ground was broken on Proven Direct at the site of the former stockyards. Proven Direct will occupy a portion of a larger development by Ziegler-Bence. City provided an MEDC loan, a brownfield grant of $1.2 million and an allocation of Renewal Community Tax Credits ($15 million).
- New jobs: 207
- Private investment of $15.2 million
161 First
159-161 S. 1st St.
City of Milwaukee sold a 6,000 sq. ft. lot to Vetter-Denk Architecture for construction of a four-story, 18,800 sq. ft. office building.
- New jobs: 8, Retained jobs: 13
- New commercial space
- MEDC loan of $1.8 million
- Private investment of $4.5 million
Chavez Drive Business Improvement District Formed
The Department of City Development's Neighborhood Business Development Team is working hard on this street – facilitating the creation of a business improvement district (BID) and the expansion of a major anchor on Chavez: El Rey.
Look for new banners to be installed to brand the street as a Mecca for the booming corridor of Hispanic-owned businesses. |