A plan to develop additional University of Wisconsin-Milwaukee buildings at Wauwatosa’s Innovation Campus is being dropped in favor of a privately developed business park. (Photo: Angela Peterson, Milwaukee Journal Sentinel)
A plan to develop University of Wisconsin-Milwaukee research buildings in Wauwatosa would be replaced by a privately developed business park under a proposal endorsed Monday by county officials.
Development firm Irgens Partners LLC wants to buy from a UWM affiliate about 29 acres at the Innovation Campus site, east of I-41 and north of West Watertown Plank Road. The firm would pay $5.25 million for the land.
Irgens Partners has conceptual plans to develop a pair of four-story, 140,000-square foot buildings, a two-story, 50,000-square-foot building, a single-level parking structure and a possible future building.
UWM’s original plans for Innovation Campus, approved in 2009, envisioned a new College of Engineering and Applied Science Campus, and other developments. An affiliate of the university’s foundation bought the 90-acre site from Milwaukee County.
Innovation Campus today includes a business accelerator operated by UWM, as well as ABB Inc.’s Milwaukee-area headquarters, a 128-room Marriott Residence Inn and Echelon apartments.
However, the university’s plans to develop a $75 million integrated research center to kick off its engineering campus were dropped after it wasn’t recommended for funding by either Gov. Tony Evers or his predecessor, Gov. Scott Walker.
A proposal unanimously endorsed Monday by the County Board’s Committee on Economic and Community Development changes the original development agreement for Innovation Campus.
The revised agreement, which needs full board approval, allows Irgens Partners to develop a business park instead of the university facilities. UWM will keep ownership of a 6.7-acre parcel for a possible future academic building with around 150,000 square feet.
The development agreement’s changes include Irgens Partners paying a $1 million fee to the county in return for developing buildings with more space than originally allowed.
The fee comes to $5 per square foot of additional space — compared to a $12 per square foot charge in the original agreement.
The change improves the feasibility of the business park plan, said Heather Reindl,county Economic Development Division contracts manager.
The revised agreement also requires Irgens Partners to hire targeted business enterprises, such as those operated by minorities and women, for 25% of construction services and 17% of professional services, Reindl told committee members.
The business park doesn’t affect the Innovation Campus conservancy areas, including the butterfly habitat, said Wauwatosa Mayor Dennis McBride.
The business park would fit Wauwatosa’s Life Sciences District Master Plan, and Irgens Partners would need city approval on any individual building proposals.
Tom Daykin can be emailed at firstname.lastname@example.org and followed on Instagram, Twitter and Facebook.
Read or Share this story: https://www.jsonline.com/story/money/real-estate/commercial/2020/09/14/uwms-wauwatosa-campus-plan-replaced-proposed-business-park/5792661002/