In 2011, 98,000 square feet of abandoned warehouse in
Milwaukee’s Walker’s Point neighborhood stood with no purpose other than to
collect the dirt and grime of the city. That all changed when The Water
Council, a nonprofit organization dedicated to advancing water technology, and
its member companies decided to call this old seven-story building home.
The Global Water Center, located at 247 Freshwater Way,
broke ground on August 13, 2012, with the help of $20 million in New Markets
Tax Credits from WHEDA. These tax credits helped to redevelop the structure
into a world-class office and research space. The center is WHEDA’s first
investment in, and part of a larger initiative known as Transform Milwaukee, a
public-private partnership that focuses on restoring industrial, residential,
and economic prosperity to areas of Milwaukee from the 30th Street Industrial
Corridor through the Menomonee Valley, south to the Inner Harbor, ending just
south of General Mitchell International Airport.
Today, more than 40 tenant organizations join The Water Council
at the Global Water Center. The location of the center is also near the
University of Wisconsin Milwaukee’s School of Freshwater Sciences, the nation’s
only graduate-level institution devoted to freshwater sciences. The success of
the project also fostered the development of Reed Street Yards, an urban business
park catering to Milwaukee’s water research and technology sector.
Walker’s Point has been transformed into a lively mixed-use neighborhood,
home to Milwaukee’s global water research hub. WHEDA is proud to have supported
this development and other ancillary projects that have helped grow Walker’s Point
as a great place to live, work and play.
Wisconsin Economic Development Corporation: https://inwisconsin.com/key-industries-in-wisconsin/water-technology/
The Water Council: https://thewatercouncil.com