CBRE, a commercial real estate firm, is offering tours to potential buyers on Tuesday with tours also offered on May 12 and May 14. Offers are due May 20, according to a summary of the property provided to the Wisconsin State Journal...
Ken Harwood
Advocating for Wisconsin
Ken [at] KenHarwood.com
608.334.2174
Ken [at] KenHarwood.com
608.334.2174
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This Weeks Articles...
- HotelRed up for sale and could be converted to apartments
- VP Harris touts administration’s $2T jobs plan in Wisconsin
- A six-story, 79-unit apartment building is planned for a Walker`s Point former tannery. It`s the final phase of River Place Lofts.
- Potential for additional growth `misunderstood` in Foxconn`s new deal
- Milwaukee Tool Expands Milwaukee, Wisconsin, Corporate Operations Center
- 28 Wisconsin school districts awarded money for manufacturing education
- McShane Construction Company to build 302-unit apartment community in Wisconsin
- OnLume of Madison raises $7 million; Milwaukee`s COnovate raises first investment round
- UW-Green Bay: Supercharging the future by growing our own
- Missed the Drive Thru Job Fair?
- I-Team: Wisconsin`s worker shortage intensifies, businesses offer pay bumps and bonuses to fill jobs
- Create Portage County using SPRINT grant to help local businesses, entrepreneurs
- The Wisconsin Fund Coalition: Former WEDC, commerce secretaries back creation of state ‘fund of funds’
- Workforce housing solutions making their way through Capitol
- The CDC eviction moratorium may end. What does that mean for Wisconsin?
- ALLETE acquires new wind development project in Wisconsin
- Men’s homeless shelter measure fails by one vote at Madison City Council
2021 Sponsor Opportunities
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Madison’s newest housing project would offer up sweeping views of the UW Fieldhouse, become a prime location for parties before, during and after Wisconsin Badgers football games and be situated at the bustling intersection of Monroe and Regent streets amid their shopping and dining scenes.The building is all there but it’s in the form of HotelRed.
The owner of the 48-room property that opened in 2011 is putting the hotel up for sale. It could very well continue to be a hotel, depending on who purchases the property. But a real estate listing is also touting that it could be renovated into a building for multifamily housing.
Ken Notes: Sad to see this for sale, I followed the development in WDN and remember the large number of delays and redesigns. Time is money and in this case it may have taken too long. I actually like the building, rooms, lobby space and the Wise restaurant and bar. I hope and believe it will become a cool new project.
Vice President Kamala Harris promoted the president’s $2 trillion infrastructure proposal and toured two university research center in Milwaukee this week.
Harris highlighted Tuesday the federal funding the Biden administration plan would allocate for research and development programs aimed at clean energy and climate change solutions, as well as $100 billion that would be spent modernizing K-12 schools.
Harris’ chief spokeswoman, Symone Sanders, said that next week there “will be a number of meetings at the White House with bipartisan lawmakers trying to find common ground on the Biden and GOP Infrastructure proposals,” according to White House pool reports. Republicans have objected to the cost of the plan and say it contains too many items not directly related to infrastructure...
...Full Story HereKen Notes: Just a note, I strongly support infrastructure and other programs, BUT every trillion dollars we go into debt is $3,000 for EVERY man woman and child in the US. Currently that is 28 Trillion -- soon to be 30+, or or just under $100,000 per person. This is really our children`s and grandchildren`s problem and I want to be among the first to apologize to them.
A six-story, 79-unit apartment building is planned for a former tannery complex in Walker`s Point.Construction is to begin in July on the building, developer Peter Moede Jr. said Tuesday. It will take about 14 months to complete.
The building will be the final phase of River Place Lofts, 625 W. Freshwater Way.
River Place Lofts is just west of South Sixth Street, overlooking the Menomonee River Canal, about one block north of West Virginia Street.
It features three former Pfister & Vogel Tannery buildings that were converted into apartments: the five-story, 63-unit, Beam House, completed in 2015; the six-story, 39-unit Dock House, which opened in 2018, and five-story, 28-unit Finishing House, which opened in 2019.
...Full Story Here
WEC Energy Group’s Gale Klappa believes Foxconn Technology Group’s new, downsized contract with the state is misunderstood, saying the potential remains for major Foxconn development in Racine County beyond the next five years...
See Also:
...Full Story HereReport: New Foxconn Deal Does Not Add Risk To State, Local Governments
Ken Notes: Great observation, and we need to allow Foxconn to grow as it discovers exactly what it will be building in Wisconsin.
I will State for the thousandth time, We need a policy for all growing businesses to use TIF, Tax Credits, and access to our Tech and College Systems. This system should not require "deals or Agreements" especially those that are political in nature. I like 10% TIF for new brick and mortar with a signed development agreement, 2K tax credit per new employee over 50K for 10 years (20K total) - employment levels must remain above start number, and onsite access to job training programs. EVERY company is eligible!
Power tool manufacturer Milwaukee Tool will expand its corporate operations into downtown Milwaukee, Wisconsin.
The company is expected to hire 1,200 employees within the next 3 years
with an option to expand the office space by adding
150,000-square-feet, for up to an additional 790 employees.
Milwaukee will invest more than $30 million to purchase and renovate a
vacant 333,000-square-foot building in downtown. This building will act
as an extension of the company`s global headquarters in Brookfield,
which will remain the central location for the company`s corporate
operations....
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MADISON (WKOW) -- Twenty-eight school districts in Wisconsin will receive funding to help students pursue careers in manufacturing and technical fields.Gov. Tony Evers and the Wisconsin Economic Development Corporation announced $635,000 in grants for the districts Wednesday to establish or expand local fabrication laboratory (fab lab) facilities.
“The fab labs program engages students in science, math, and engineering, allowing them to create and invent all sorts of things from robots to 3D models,” Evers said. “The skills learned in Wisconsin’s fab labs can help prepare our kids for their future, including good-paying jobs in technology and manufacturing, which are critically important for our state’s future and our economy.”...
...Full Story Here
Ken Notes: We really need to explore more apprenticeships in the state. The FAB Labs are great in introducing kids to manufacturing tech but on site job training is an entirely different experience.
McShane Construction Company has been selected by repeat client Mandel Group to provide general construction services for Hackney House Apartments at Pabst Farms in Oconomowoc, Wisconsin. The new development will offer 302 units.Last fall, McShane completed the construction of The West Living, a 177-unit luxury apartment community for Mandel Group in West Allis, Wisconsin...
...Full Story Here
Ken Notes: I remain a Mandel fan....
Two Wisconsin-based companies recently announced that they`ve raised private investment dollars after previously receiving federal and state grant funding through the Small Business Innovation Research (SBIR) program.
OnLume Inc., a Madison-based medical device company that has developed a fluorescence-guided surgery imaging system, announced on April 30 that it has raised more than $7 million in series A funding to assist plans for its commercial launch. The financing round was led by Las Vegas-based Cambridge Investment Group.
COnovate Inc., a Milwaukee-based startup that’s developing a patented 2-D material to add battery capacity and charging speed to lithium-ion batteries, announced Monday that it completed its initial fundraising round led by Green Bay-based Tundra Angels...
...Full Story HereKen Notes: Nice to see needed startup and development funds now moving in the State.
GREEN BAY—There comes a time when you just need to grow your own. Such is the case with providing engineering talent in Northeast Wisconsin and UW-Green Bay’s efforts to meet the region’s needs. What started in 2015 with Engineering Technology degrees (mechanical, electrical and environmental) expanded to Mechanical Engineering in fall 2018. This fall, another piece of the puzzle falls into place when the University begins enrolling new freshman into its new Electrical Engineering program.
“UW-Green Bay is meeting the demand for engineers due to the manufacturing growth in the Green Bay area and the NEW North region,” said UW-Green Bay’s Dean of Science, Engineering and Technology, John Katers. “As the economy continues to shift toward one of innovation and technology—even in historically important manufacturing sectors like the paper industry—electrical engineers are in high demand. Because we have such a strong employer base in the area who can offer internships and other hands-on experiences, we can grow that kind of talent right here. It’s very exciting to be able to meet this demand.”... ...Full Story HereKen Notes: I have ALWAYS supported growing our own, and love the success stories from Wisconsin, like EPIC, Exact Science, Kohls, Kohler, Menards, Kwik Trip, Oshkosh... You get the idea...
Supporting Sponsors
Broihahn Management & Consulting |
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Engineered |
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Notes:
All of the flyers from the employers that participated in the May 5, 2021 Drive Thru Job Fair can be found at the link...
Advanced Assembly (PDF)Each is a one page PDF with actual info needed to apply.
Agrace (PDF)
Amazon (PDF)
Americollect (PDF)
Apache Stainless Equipment Corporation (PDF)
Arby`s (PDF)
Argus (PDF)
Associated Bank (PDF)...
...Full Story Here
Ken Notes: Please note there are dozens more at the link... These are great tool for use in the classroom, have students pick a job and then research the qualifications, benefits, and opportunities. Share this with an educator..
The State should maintain a permanent site exactly like this with a link (pdf) for every company in the State with the ability to sort by career path, location, and skill sets...
"We`re hiring" signs and are not hard to find in Southeast Wisconsin. What appears to be hard to find are people to apply.
"You thought `Oh pandemic, lots of unemployment, I`ll be able to able to find a lot of workers, but that`s not the reality our businesses are seeing," said Wisconsin Economic Development Corporation Secretary and CEO Melissa "Missy" Hughes.
Hughes says the pandemic put a magnifying glass on obstacles families face in getting back to work.
"If part of our family`s ability to go to school or have their needs met is hindered then that impacts the family member and their ability to get to work," she explained.
Hughes says a lack of childcare, health issues, or not having access to reliable high-speed internet are all playing a role in Wisconsin`s worker shortage, which has been an issue for years....
Ken Notes: This will be especially difficult for tourism and hospitality which must have a great season coming out of the pandemic.
STEVENS POINT, Wis. (WSAW) - After being awarded the Scaling Pandemic Resilience Through Innovation and Technology, or SPRINT grant by the Economic Development Administration, Create Portage County is turning its attention to north-central Wisconsin. The goal of the SPRINT grant is to create entrepreneurial services like Create Portage County in 10 Wisconsin counties.
“What this grant allows us to do is to provide support for other communities in the area that’s doing similar work to what we’ve been doing in Portage County,” Create Portage County Executive Director Greg Wright said...
...Full Story Here
Stay up to date by reading our MadREP Report, a bi-monthly newsletter that features regional economic development news, events and opportunities. ...Full Story Here
A bipartisan group of supporters headed by eight former secretaries of
the Wisconsin Economic Development Corp. or its predecessor, the
Wisconsin Department of Commerce, are supporting the creation of a
state-backed “fund of funds” to invest in early-stage companies...
...“Throughout its history, Wisconsin has been at the forefront of
innovation,” said current WEDC Secretary and CEO Missy Hughes. “Governor
Evers’ proposed $100 million venture capital fund would allow Wisconsin
entrepreneurs to secure needed next-step financing from in-state
sources so they don’t have to look to – or move to – the coasts for
capital.”
...Full Story HereThe Wisconsin Fund Coalition is a group of people, companies and organizations formed to advance legislative discussion of a state budget proposal to invest $100 million in a privately matched, venture capital fund of funds. The idea is contained in Gov. Tony Evers’ 2021-23 budget bill. The state investment would be matched by private dollars at a 2-to-1 ratio over the course of the fund.
The Wisconsin Fund would be along the lines of what nearby states – Indiana, Ohio, Michigan and Illinois – and others have done to attract outside dollars and to grow young companies.
Thus far, more than 50 people, companies or organizations are supporting the Wisconsin Fund Coalition. Learn more and join at https://wisconsinfundcoalition.com/
Ken Notes: Strong potential here, I hope we can keep politics out of the mix, but here I am skeptical...
...Full Story Here
Both sides of Wisconsin’s political aisle are circulating legislation to increase affordable housing as a way to tackle workforce issues.Statewide housing supply is at historic lows. Median home prices continue to rise and apartment rent increases are outpacing wage growth. The situation is spurring possible fixes from Democratic Gov. Tony Evers and GOP lawmakers.
Median home prices surged in March as housing supply continues to shrink compared to last year, according to the Wisconsin Realtors Association’s most recent monthly analysis. Total listings of homes for sale fell about 37% over the last year, pushing median prices up over 10% to nearly $230,000 over that same period...
...Full Story Here
Ken Notes: We just do not get this. Until a developer can make money build 100K homes we will not get 100K homes and people who can afford and need 100K homes are out of luck. We are happy to let them "check us out" or serve us dinner, but live next to us - no way. WHY????
A federal judge on Wednesday tossed out the federal eviction moratorium, making it easier for landlords to kick out tenants behind in rent. Here are some things you should know.
A federal judge on Wednesday tossed out the federal eviction moratorium, which could make it easier for landlords to kick out tenants behind in rent.
Here are some things you should know:
Here are some things you should know:
Wait. What happened Wednesday?
The U.S. Centers for Disease Control and Prevention originally enacted the halt on certain evictions to stem the spread of COVID–19, seasonal influenza and the increased risk of homeless shelters becoming overcrowded in fall and winter. It was set to expire June 30, but Congress has approved nearly $50 billion in rental assistance to fill the gap...
ALLETE Clean Energy has acquired the Red Barn wind project and signed an asset sales agreement with WEC Energy Group utility Wisconsin Public Service Corp. (WPS) and Madison Gas and Electric Co. (MGE).WPS and MGE have applied to the Public Service Commission of Wisconsin to purchase the completed wind site from ALLETE Clean Energy to meet their future energy planning needs. ALLETE Clean Energy plans to complete construction and sale of the Red Barn wind project in late 2022, the wholly owned subsidiary of ALLETE, Inc. said in a news release.
...Full Story Here
By one vote, Madison’s City Council failed to approve purchasing a vacant former big-box retail store on Zeier Road, near East Towne Mall, for a long needed permanent men’s homeless shelter.
The 14-5 decision did not come quickly for the council, which gained new members and saw turnover following the April 6 election, and followed several hours of public testimony and discussion among alders that lasted until the early hours of Wednesday morning....
Ken Notes:We need to rethink this entire topic. We need to build Community Centers for everyone with access to Mail, Internet, Work Space, Health Care and Mental Health, Showers, Laundry, Exercise Equipment, Food... For housing we need to think micro, or co-housing, with some ownership component and self management. Imagine if every neighborhood had one...
Ken Notes: WDNews relies on the actual journalism provided by your local media outlets. Without these partners we can not bring you the unbiased news, leads and updates you need to thrive in Wisconsin. Support your local media...
Note: I changed the link here to Toms Twitter account. JS limits the number of articles I can read so I look at TD`s Twitter feed every week. I`ll Still include JS articles but after ten you need to subscribe.
I also updated the picture because, well Tom is getting old and development is taking it`s toll!!!
Milwaukee
- 1/1/2020 Journal Sentinel business reporter Tom Daykin talks about
commercial real estate and development, including stores, hotels,
offices, condos, apartments and industrial buildings...
Land & Space Development Database
...Full Story Here
Ken Notes: Tom Daykin is the source for ED news in MKE. This is a permanent link to articles in his blog which is updated daily...
WisconsinDevelopment.com
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Wisconsin Development and WDNGreen newsletters are now emailed to over 12,000 professionals, planners, developers, news outlets, and elected officials each week. We see over 1,000 opens within the first hour every week for each publication. The websites, WisconsinDevelopment.com and WDNGreen.com are always online and available to view and search where we maintain several years worth of articles. All of our rates are now less than in previous years.
"Our goal is to present a positive view of economic development in the State of Wisconsin”, Ken Harwood, Editor and Publisher.
WisconsinDevelopment is a positive look at economic development and commercial projects across the state. In WDNGreen we highlight pro-environmental developments and issues that make economic sense.
We believe in the Wisconsin business community and believe that telling their stories will positively impact both growth and better legislation in the State. We are nonpartisan, pro business, pro positive environmental issues, and most importantly pro WISCONSIN...
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Online at WisconsinDevelopment.com (4 weeks of articles) - Searchable at Search WDN - WDN Tool Box, Links you can use everyday to help you and Wisconsin grow! Edited and published by Ken Harwood @ LinkedIn. Click Here To Subscribe or add Friends and Colleagues... WDN si Available free thanks to our SPONSORS... Why I publish WDN... WDGreen Environmental News From a Business Perspective!
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Ken Notes: "Ken Notes" may be reprinted in context without permission. Attribution should be Ken Harwood, Editor Wisconsin Development News or Ken Harwood Advocate for Wisconsin.
Wisconsin Development News is
Edited and Published by:
Edited and Published by:
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Ken [at] KenHarwood.com
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608.334.2174
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