Company hopes to have 650 workers in downtown Milwaukee by end of 2021. By Jeramey Jannene - May 24th, 2021 01:41 pm //end headline wrapper ?>Milwaukee Tool rendering for 501 W. Michigan St. Rendering by Stephen Perry Smith.
Milwaukee Tool is quickly moving forward on its proposal to bring up to 2,000 jobs to downtown Milwaukee. The company closed on its purchase of the five-story office building at 501 W. Michigan St. last week.
Milwaukee Tool previously said it anticipates beginning redevelopment work on the 370,000-square-foot building this summer. It would eventually bring all of the employees associated with a single product line to the downtown facility, augmenting its Brookfield and Menomonee Falls facilities.
Approved unanimously. Company wants to move quickly on occupying Westown building. By Jeramey Jannene - May 4th, 2021 11:51 am //end headline wrapper ?>501 Building. Photo by Jeramey Jannene.
The Milwaukee Tool deal went from controversial to quiet in a week.
The Milwaukee Common Council unanimously approved a tax incremental financing package Tuesday morning that grants the company up to $20 million in exchange for bringing 2,000 jobs to the five-story office building at 501 W. Michigan St.
None of the 15 members spoke about the deal, a stark change from the nearly four-hour public hearing the project was subject to last week before the Zoning, Neighborhoods & Development Committee.
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