The Global Water Center has been a catalyst for economic growth in the Milwaukee area, evident in the development of Reed Street Yards. The Park is currently under construction, but its first water tech office building could begin construction as early as spring. Reed Street Yards is an evolving eco-industrial zone, balancing natural resources and economic development.
The four-story building with boast nearly 80,000 square feet of space and recently gained the Milwaukee Plan Commission's approval. This will be the first of several office buildings planned for the water tech business park. While its early in the process to secure tenants, there are a number of potential businesses looking to move in with their water-related start ups.
With economically-friendly features an obvious importance to the entire Reed Street Yards Park, the office building will be built with environmentally sustainable features, such as exterior windows with automatic tinting properties during day time. The developer, Pete Moede, aims to receive platinum certification from the U.S. Green Building Council's Leadership in Energy and Environment Design (LEED).
Negotiations are still underway, but the developer is seeking city tax incremental financing (TIF) for the building.