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Century City, HellermannTyton projects in line for city-backed loans



Century City 1

A digest of a suppositional industrial building designed during a Century City Business Park









Sean Ryan
Reporter- Milwaukee Business Journal

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The Milwaukee Economic Development Corp. on Tuesday will cruise lending $3.2 million for construction of a initial new industrial building in a former Tower Automotive site in Milwaukee.

The loan to General Capital Group is among several a city associate will cruise Tuesday for expanding companies.

The $3.2 million loan to General Capital, of Fox Point, would support a $4 million, 52,000-square-foot suppositional industrial building during North Hopkins Street and West Capitol Drive. The MEDC loan was expected to be partial of a plan bill when it was first announced in February.

Within dual years, a building is likely to residence about 90 full-time workers as tenants franchise space and pierce in, according to a MEDC. It would be a initial new trickery in a 84-acre former Tower Automotive site, that Milwaukee owns and has spent years clearing to turn a Century City Business Park. It is a partnership between a developer and a city, that will sell a land for a project.

The MEDC’s Loan and Finance Committee on Tuesday also will cruise a $10 million loan to manufacturer HellermannTyton Corp. The company, that creates fixture and labeling products for cables and hoses used in a accumulation of equipment, skeleton a 102,000-square-foot expansion of a trickery during 6701 W. Good Hope Road.

The plan includes $13 million for a building enlargement and $3 million to squeeze equipment, according to an MEDC report. It would emanate during slightest 50 jobs within dual years.

Reporter Sean Ryan covers blurb and residential genuine estate for a Milwaukee Business Journal and by a Real Estate Roundup blog on a website. He also covers construction, highways and open transit.


Article source: http://www.bizjournals.com/milwaukee/blog/real_estate/2014/07/century-city-hellermanntyton-projects-in-line-for.html

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