Jeramey Jannene
Friday Photos

Wangard Transforming Former Knitting Factory

Walker's Point building become innovation hub.

By - Nov 13th, 2020 04:23 pm
Construction of the Eagleknit Innovation Hub. Photo by Jeramey Jannene.

Construction of the Eagleknit Innovation Hub. Photo by Jeramey Jannene.

From tired to wired. Wangard Partners is transforming a former Walker’s Point warehouse at 507 S. 2nd St into the Eagleknit Innovation Hub.

The name is a nod to the building’s longtime tenant Eagle Knitting Mills. Wangard plans to repurpose the building into a mix of tech incubator space and low-cost office space. “The Eagleknit Innovation Hub will offer game-changing career opportunities for the underserved inner-city minorities of Milwaukee County,” says the Wangard website.

Built in 1928, the building contains 107,000 square feet of space according to city records. That will soon increase as a four-story, 30,000-square-foot addition is being constructed on the building’s south side. The framing for the addition is well underway.

General contractor J.H. Findorff & Son, is leading the construction of the $30 million redevelopment. Work is well underway on a historically-sensitive replacement of the windows. Our photos below capture the difference between old and new.

Tenants in the building will include skills training non-profit Building2Learn and adult technology-training non-profit i.c. stars. CenturyLink, already a tenant, will operate a 25,000-square-foot-data center in the facility.

Additional space remains available to lease. The building’s lowest level will be used for parking and a fitness center.

The project is being designed by the Chicago office of architecture firm Gensler. Approximately 102,000 square feet is available for lease in the complex.

Eagleknit’s financing includes a combination of private equity, New Market Tax Credits, Historic Preservation Tax Credits, Opportunity Zone funds and PACE energy efficiency financing. Wangard acquired the property in 2017 for $3.5 million.

Renderings

Photos

January Photos

If you think stories like this are important, become a member of Urban Milwaukee and help support real, independent journalism. Plus you get some cool added benefits, all detailed here.

Leave a Reply

You must be an Urban Milwaukee member to leave a comment. Membership, which includes a host of perks, including an ad-free website, tickets to marquee events like Summerfest, the Wisconsin State Fair and the Florentine Opera, a better photo browser and access to members-only, behind-the-scenes tours, starts at $9/month. Learn more.

Join now and cancel anytime.

If you are an existing member, sign-in to leave a comment.

Have questions? Need to report an error? Contact Us