Reed Street Yards

The City of Milwaukee is partnering with the owner of the Reed Street Yards to redevelop the property into a research and technology park focused on Milwaukee's growing water industry.  The Reed Street Yards is a 17-acre property in the Walker's Point neighborhood, just south of downtown Milwaukee and adjacent to the newly-opened Global Water Center.

Once complete, the Reed Street Yards will be a showcase of water technologies and practices, including a purple pipe for development-wide water recycling and bioswales and permeable paving to capture stormwater runoff. Site amenities will include an extension of the Hank Aaron State Trail through the site as part of the riverwalk along the Menomonee Canal and an interactive public plaza. 

Sites at the Reed Street Yards are now available, for more information, visit www.watertechnologypark.com

Project Background

On November 30, 2011, the Milwaukee Common Council approved Amendment No. 1 to the Reed Street Yards Tax Incremental District (TID No. 75).  This $6.2m investment will provide the necessary funding to redevelop the Reed Street Yards into a water research and technlogy park, adjacent to the proposed Milwaukee Water Council Accelerator Building.  More information regarding the TID can be found in Council File No. 090688 and the Development Incentive Zone (DIZ)/Zoning information can be found in Council File No. 120426.  To see permitted uses, design standards and more detailed information about the Reed Street Yards DIZ, click HERE.

In 2014, Amendment No. 2 to the TID was approved to provide additional funding for site infrastructure and to create a $5m fund to attract new businesses to the Reed Street Yards, more info can be found in Common Council File No. 140453 (https://milwaukee.legistar.com/LegislationDetail.aspx?ID=1823552&GUID=13E578C7-8AA0-4157-AA4C-BCDC762DFAC8&Options=ID|Text|&Search=reed+street+yards)

 

 

 

Project Goals

  • Create an urban Water Research and Technology Park
  • Provide public infrastructure
  • Assist in the remediation of brownfields
  • Create or retain jobs
  • Provide investments for water-related companies
  • Increase the tax base
  • Implement a catalytic project of the Near South Side Plan
  • Increase public access to the Menomonee Canal
  • Connect to the Riverwalk
  • Eliminate obsolete conditions and blighting influences
 

TID Funding

The TID will be used to assist in funding:

  • Public Infrastructure and Riverwalk ($3,582,370)
  • Environmental Remediation, Stormwater and Site Work ($2,281,400)
  • Business Improvement District ($354,000)

 

 

 

Project Updates

 

Freshwater Way

 

Global Water Center

October 2014: Freshwater Way is now complete and open to the public   On September 12, 2013, the Global Water Center held its grand opening.  The building, which is adjacent to the Reed Street Yards, has almost 90,000 SF of space dedicated to companies, government agencies and universities focused on the water sector.
     
   

Water Tech One

   
November 2014: General Capital announces plan for first new building at the Reed Street Yards, Water Tech One.    

 

Contact DCD

 

 
Dan Casanova
Project Manager
(414) 286-5921
 
Email: dan.casanova@milwaukee.gov
 
Department of City Development
809 North Broadway
Milwaukee, WI  53202