Scott Walker
Press Release

Governor Scott Walker Attends Freshwater Plaza Groundbreaking Ceremony

Freshwater Plaza is a mixed-use development that is located in the Fifth Ward and Walker’s Point neighborhood area.

By - Oct 22nd, 2015 05:18 pm
Freshwater Plaza

Freshwater Plaza

Milwaukee – Governor Scott Walker joined community and business leaders in a ceremony today to celebrate the Freshwater Plaza groundbreaking in Milwaukee. The Freshwater Plaza is being developed by Wangard Partners, Inc. They specialize in green, sustainable, and efficient spaces for office, multi-family, industrial, and retail developments nationwide.

“Today’s groundbreaking is a great opportunity for the community and just another indication that Wisconsin is moving forward,” said Governor Walker.  “The innovative Freshwater Plaza, as well the work by Wangard Parnters, Inc. to re-purpose this brownfiled site, are important investments that will help foster new opportunties and partnerships for businesses in Wisconsin.”

Freshwater Plaza is a mixed-use development that is located in the Fifth Ward and Walker’s Point neighborhood area. The $46 million development is adjacent to the inner harbor, and will be the gateway to the University of Wisconsin-Milwaukee’s School of Freshwater Sciences. Wangard Partners, Inc. expects the project will create 75 construction jobs and 156 permanent jobs, as well as attract regional and national tenants. Potential development phases include:

  • A 46,280-square-foot Cermak Fresh Market
  • 6,600-square-feet of retail including a potential financial institution building and two additional retail buildings
  • An L-shaped, four-story mixed-use building (15,900-square-feet of commercial space and three floors of apartments)
  • A future 50,000-square-foot office building.

Involvement by the Wisconsin Economic Development Corporation (WEDC), the Department of Natural Resources (DNR), and the Wisconsin Housing and Economic Development Authority (WHEDA) have aided in the progress of this project.  WEDC awarded a Brownfield grant for $685,542 to aid in the environmental work on the site.  Wangard Partners, Inc. has worked closely with the DNR in the cleanup of the site, and WHEDA also awarded $10 million in New Market Tax Credits for the project.

First-ring Industrial Redevelopment Enterprise (FIRE), a West Allis community development entity, also provided New Market Tax Credits in the amount of $12 million. Additionally, TIF funding was provided by the City of Milwaukee and loans were provided by Tri-City National Bank, National Cooperative Bank and Impact 7.


Press Releases by Scott Walker

Scott Walker

Governor Walker Joins in Announcing Colbert Packaging Corporation to Establish Operations in Kenosha

Manufacturer expected to bring more than 100 new jobs to Wisconsin

Scott Walker

Statement on the Passing of Senator Rick Gudex

Governor Scott Walker released the following statement today following news of the passing of Senator Rick Gudex

Scott Walker

Building Commission Approves Projects

Today the State of Wisconsin Building Commission approved several key projects across the state

Scott Walker

Governor Walker Requests Federal Disaster Aid for Western Wisconsin Due to September Flooding

Governor Scott Walker today sent a letter to President Barack Obama requesting a federal disaster declaration for 12 western Wisconsin counties after torrential rains and flash floods last month caused more than $11 million in damage.

Scott Walker

Governor Walker Encourages Wisconsin Schools to Apply for Fab Lab Grants

Deadline to seek WEDC Fabrication Laboratories grant is December 15

Scott Walker

Governor Walker Discusses Local Transportation Funding at the Wisconsin Towns Association Annual Convention

The Department of Transportation (DOT) budget proposal submitted to Governor Walker last month represents the largest year-to-year change in local aids since Calendar Years 1999 and 2000.

See More Releases

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>