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.
In August of 2013, construction began on the utilities and new Freshwater Way at the Reed Street Yards. By spring of 2014, the new road and riverwalk will be in place.
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.
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.
Rendering of the Milwaukee Water Council Accelerator Building
• 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 and connect to the Riverwalk
• Eliminate obsolete conditions and blighting influences
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 Loan ($354,000)