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Century City Business Park

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) 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

 

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, 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 JSOnlineOnMilwaukee, and Milwaukee Neighborhood News Service, and watch on WISN 12

More News

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.

City of Milwaukee Department of Administration Director Sharon Robinson

Benji Timm
30th Street Corridor Project Manager
(414) 286-5756
Email

Department of City Development
809 North Broadway
Milwaukee, WI  53202

Contact Area Common Council Members
District 1 Ald. Ashanti Hamilton
District 7 Ald. Khalif J. Rainey
District 15 Ald. Russell W. Stamper, II

Contact Mayor Tom Barrett

Century City Business Park Tenants

department-of-public-works-information-technology-and-management-division

 

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