Ideally situated on the shores of Lake Michigan, Milwaukee is the largest city in the state of Wisconsin with a population of over 600,000 residents in a seven county metro region of nearly 2.1 million people. Milwaukee is the economic, cultural, and social hub of the state and is currently undergoing unprecedented development in all sectors. As the 31st largest city in the United States, Milwaukee is very competitive with a high quality of life and below average cost of living when compared to many of its peers. Milwaukee is well known for several industry clusters including: fresh water technology, finance and insurance, food and beverage innovation, smart energy, and more.
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More than $6 billions of recently complete, under construction, and planned private and public sector projects have paved the way for an unprecedented renaissance in Downtown Milwaukee. This development momentum and the opportunities for much more has captured the attention of national investors and developers. The City of Milwaukee has a proven track record of being developer friendly and creatively utilizing its economic development tools for catalytic projects that align with the community's plans and goals.
Current and Future Development
Several of the most notable projects that have recently been completed or are under construction include:
1.1 million SF new world headquarters for Northwestern Mutual; Milwaukee Bucks NBA Arena and mixed-use Entertainment District; Streetcar transportation system with an initial 2.5 mile route; 7-mile Bus Rapid Transit route that will connect Downtown and the Milwaukee Regional Medical Center and Milwaukee County Research Park; More than 2,200 new downtown area multi-family residential units to meet the rising demand for downtown living (adding to a population that already surpasses 26,000 residents); Dozens of large, mid, and small companies locating to the vibrant and walkable heart of the City (adding to the nearly 85,000 Downtown employees); and several new hotel flags to accommodate high corporate and leisure demand, including Kimpton and Westin brands. With this development momentum underway, and a full pipeline of soon to start projects, the time is right to find your next opportunities in Downtown Milwaukee.