Renovation and construction work is nearly set to begin at the Global Water Center II, building on the success of the original Global Water Center. The facility will offer water-specific office and research space to a mix of users, including shared co-working space for entrepreneurs.
The Center has experienced uncalculated success since its inception. Aside from receiving numerous awards and being featured in countless media outlets around the world, the building is at full capacity.
The second Global Water Center has received attention from prospective tenants from all across the globe. Dean Amhaus, president and CEO of the Water Council, would like to create small offices available for foreign water technology companies to have short-term leases, allowing them to plug into Milwaukee's booming water cluster, without a large upfront cost commitment.
At more than 46,000 square feet, the second Global Water Center will consist of five stories, with access to amenities at the Global Water Center. The building was purchased last summer for $950,000 and will require several million in upgrades. The Wisconsin Economic Development Corporation, the state's lead economic development agency, will provide a $750,000 grant for the project. Currently, nearly 40% of the space in the new building has already been leased.
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