“We're very happy with the Century City Business Park and all of the support the City of Milwaukee and surrounding neighborhoods have provided,” Kyle Stephens, Co-founder of Craft Beverage Warehouse. Source: OnMilwaukee.com November 22, 2021
The Century City Business Park offers one of Milwaukee’s premiere locations to grow your manufacturing business. Located near West Capitol Drive (WI Hwy 190) and North 31st Street, it provides access to a diverse workforce and an established transportation network. Find out more about the Century City Business Park in the Information Slide Deck and the Available Sites Map.
City of Milwaukee is working with the Business Improvement District #37 (The Corridor), Northwest Side Community Development Corporation (NWSCDC), and the Milwaukee 7 Regional Economic Development Partnership to recruit companies to Century City.
Talent & Workforce Stats: Roughly 2 million residents, 56,000 business establishments and 24 tech schools, colleges and universities call the Milwaukee Region home, creating a deep talent pool for your business. Click here for statistics on the Milwaukee Region's labor force and wage rates.
Transportation Assets: The Century City Business Park is located within a neighborhood, but is connected to the world.
Public Transit – Century City is served by seven major bus lines.
Railroad Access – Century City is served by Wisconsin & Southern Railroad (WATCO) and Canadian Pacific Railway.
Port Access – Century City is located 7.5 miles from Port Milwaukee. Port Milwaukee offers multimodal solutions by sea, rail, and interstate.
Transloading Facility – Century City is located one mile south of the nearest transloading facility and 7.5 miles from Port Milwaukee.
Highway Access – Century City is located:
1.5 miles west of I-43
4 miles north of I-94
5 miles east of US-41
Airports – General Mitchell International Airport is 12 miles to the south and Timmerman Regional Airport is 5.5 miles west. Chicago’s O’Hare airport is located 85 miles to the south.
The business park is well served by an established network utilities and offers more than 50 acres of land that is available for new development. Storm water management facilities exist on-site.
Century City is home to multiple private companies and a City of Milwaukee Department of Public Works facility. These entities employ more than 500 people and offer jobs at all skill levels. A list of companies can be found on the right side of the webpage.
Century City Business Park Incentives: OPPORTUNITY ZONE
The 30th Street Industrial Corridor and the Century City Business Park are located within an Opportunity Zone. Opportunity Zones, formed in the Tax Cuts and Jobs Act of 2017 and established in April 2018, are designated census tracts eligible to receive private investments through Opportunity Funds. Opportunity Funds deploy equity investment capital in Opportunity Zones for eligible purposes, including investment in real estate and small businesses. U.S. investors receive a temporary tax deferral and other tax benefits when they reinvest capital gains into Opportunity Funds for a minimum of five years.
The Opportunity Zones program offers three tax incentives for investing:
- Temporary Deferral: A temporary deferral of inclusion in taxable income for capital gains reinvested into an Opportunity Fund. The deferred gain must be recognized on the earlier of the date on which the opportunity zone investment is disposed of or December 31, 2026.
- A Step-Up in Basis: A step-up in basis for capital gains reinvested in an Opportunity Fund. The basis is increased by 10% if the investment in the Opportunity Fund is held by the taxpayer for at least 5 years and by an additional 5% if held for at least 7 years, thereby excluding up to 15% of the original gain from taxation.
- Permanent Exclusion: A permanent exclusion from taxable income of capital gains from the sale or exchange of an investment in an Opportunity Fund if the investment is held for at least 10 years. This exclusion only applies to gains accrued after an investment in an Opportunity Fund.
Find out more about Opportunity Zones from the City of Milwaukee, the Wisconsin Housing and Economic Development Authority (WHEDA) and the IRS.
Good City Brewing created a Qualified Opportunity Fund to facilitate their expansion at the Century City Business Park in 2018.
Century City Business Park: NEWS
January 2022: Talgo USA hosted the Governor of Lagos State, Nigeria on January 18 at the Century City Business Park. Governor Babajide Sanwo-Olu and his delegation came to Milwaukee to see the Series 8 train sets that were originally intended for use in Wisconsin and Illinois. Talgo is selling the train sets to Lagos for a metro commuter rail system that is being developed in West Africa. The Governor expects operation of the first phase of the rail line to begin by the fourth quarter of 2022 with a capacity of 500,000 passengers daily. The relationship creates new business opportunities for Talgo, the City of Milwaukee, and Lagos. Find out more about today’s event from the following outlets: CBS 58 News, Urban Milwaukee, and Wisconsin Public Radio. Talgo has a number of job opportunities at Century City. Find out details on their website.
October 2021: The Century City I building, located on Milwaukee’s northwest side is now 100% leased. The building, which was co-developed on spec by the City of Milwaukee and General Capital group and later sold to a group led by Dan Katt of Good City Brewing, is located at 31st and Capitol Drive, in Milwaukee’s Century City Business Park. “When we purchased the building a couple of years ago, we knew it would be a longer-term project. We are thrilled that the building is now fully leased and we remain excited and committed to the future of Century City,” said Katt. Read more in articles by Urban Milwaukee, the Milwaukee Business Journal, and BizTimes.
May 2021: Planet to Plate founder Chris Corkery announces the launch of Hundred Acre Farm, a 5,000-square-foot controlled environmental system with vertical hydroponics that will grow fresh greens year round at the Century City I building. Hundred Acre's goal is to improve access to fresh, healthy food while also revitalizing a light manufacturing employment hub in the 30th Street Industrial Corridor. Hundred Acre will also partner with Building2Learn, MSOE, Milwaukee Public Schools and the 30th Street Corridor, serving as an education site for Milwaukee-area students to get excited about and involved with the agricultural systems of tomorrow. Read more in the press release and in articles by JSOnline and BizTimes.
May 2021: Craft Beverage Warehouse LLC (CBW), a Milwaukee-based distributor of beverage packaging materials to the craft market, is expanding its footprint in the Century City 1 building. Read more in the press release and in an article by JSOnline, Milwaukee Business Journal, and BizTimes.
February 2021: The Century City 1 light industrial building could soon house an urban agriculture facility proposed by "Planet to Plate". Read more in articles by Urban Milwaukee, JSOnline, Milwakee Business Journal and BizTimes.
December 2020: Spanish train maker Talgo Inc. is currently hiring for positions of Commissioning Specialist, Mechanic, Electrician, Quality Department Manager, Wire Harness Assembler, and Rail Car Painter. Visit Talgo's website or call 414-488-8688 for details. Talgo is also interested in hiring DBE/SBE subcontractors and recently hosted a virtual DBE/SBE outreach and networking event.
November 2020: The Connecting the Corridor (CTC) Strategic Action plan was recommended for approval by the City Plan Commission on October 19. This plan is an amendment to the Near North Side Plan that was approved in 2009 and includes the neighborhoods generally surrounding the 30th Street Industrial Corridor. City staff worked with neighborhood residents to identify more than 45 projects for these neighborhoods. The projects will fall under one or more the following themes: (1) Parks & Public Space, (2) Mobility and Streets, (3) Off-street Trails, and (4) Stormwater Management. The City of Milwaukee prepares plans and studies which guide development in individual neighborhoods. Tom Daykin, from the Milwaukee Journal Sentinel, posted this article about the plan shortly after the hearing. The plan was unanimously approved at the October 27 meeting of the Zoning and Neighborhood Development Committee meeting and details of the meeting and plan were published in Urban Milwaukee’s article 45 Project To Improve Century City Area. Interrelated stormwater management projects from the CTC plan were also highlighted in Urban Milwaukee’s article City, MMSD Advance 40-Million Gallon Stormwater Plan. On November 11, the City’s Public Works Committee approved a set of easements to be granted to Milwaukee Metropolitan Sewerage District to further the District’s planned NS12 Near Surface Collector Improvements project, which will install a new 84-inch sewer pipe and two large underground stormwater structure along West Hopkins Street, as reported in Urban Milwaukee’s article City Clears Way for Big Sewer Project.
August 2020: Good City Brewing released its Black Is Beautiful beer in support of the Garden Homes housing initiative at Century City on Saturday, August 15. Read more about it from JSOnline, OnMilwaukee, and Milwaukee Neighborhood News Service, and watch on WISN 12.
Century City Business Park: BACKGROUND
Century City Business Park is located on Milwaukee’s north side near the intersection of North 31st Street and West Capitol Drive in the 30th Street Industrial Corridor. Historically the site was home to A.O. Smith and Tower Automotive. In 2009, the City of Milwaukee acquired 84 acres and undertook a $40 million dollar initiative to remediate blight, cleanup environmental contamination, update the infrastructure and create a new business park. Between 2010 and 2014, the City razed 2.5 million square feet of dilapidated buildings and remediated soil and groundwater contamination. City also rehabilitated and updated a 300,000 square foot industrial building. Between 2015 and 2017, the City created a stormwater management facility to serve future business park tenants and made improvements to green space, streets, sidewalks, storm sewers, water supply, electrical, gas, street lights, and telecommunications. City acquired an additional 13.5 acres at the corner of North 35th Street and West Capitol Drive in 2019. City is partnering with Business Improvement District #37 (The Corridor) to prepare that site for development.
Two of the outlot parcels were redeveloped by a private developer for residential use as the Century City Lofts. One parcel is being developed into a public green space called Melvina Park in cooperation with the Century City Tri-Angle Neighborhood Association, Clean Wisconsin, MKE Plays, and other partners.