EagleKnit

Rehabilitation of historic building into a 107,500 sq. ft. mixed-use innovation hub.

Investment

  • NMTC Amount: $14,790,000
  • Total Project Cost: $31,856,960

IMPACT

  • 500 FTE jobs
  • 184 construction jobs
  • 107,500 sq. ft. of real estate

Investor

Project Description

NMTC financing supported the rehabilitation of a historic building into a 107,500 sq. ft. mixed-use innovation hub. The project includes the construction of a new 30,000 sq. ft. modern addition to the existing building.

MAP

Address: 507 South Second Street, Milwaukee, WI 53204

Census Tract: 55079186500

Other Wisconsin Projects

This project involves refinancing and business expansion.
NMTC financing supported a new 90,000 sq. ft. facility located in a severely distressed, non-metro, low income community.
The adaptive reuse of century-old buildings near Milwaukee in which the Allis Chalmers Manufacturing Company originally built tractors.
Financing for dairy production upgrades helped retain and create jobs, drive investment to future projects to increase profitability, and return equities to members while retaining the proper equity base.