The Milwaukee Economic Development Corporation’s loan and finance committee on Tuesday recommended approval of a $2.25 million loan to Lighthouse Development Company LLC for the South Water Works development.
The Milwaukee Economic Development Corporation’s (MEDC) loan and finance committee on Tuesday recommended approval of a $2.25 million loan to Milwaukee-based Lighthouse Development Company LLC for the South Water Works development. The matter now goes to the MEDC executive committee, which is expected to consider it sometime within the next two weeks.
Lighthouse Development is redeveloping the former Transpak Corp. complex at Pittsburgh Avenue and Barclay Street in Walker’s Point into a mixed development with apartments, office space and retail space.
The loan, if approved, will be used for the restoration of a 73-year-old, four-story building at 201 E. Pittsburgh Ave. into 35,000 square feet of office space and 10,000 square feet of retail space. Fullhouse Media Inc. will move from the Third Ward to occupy 24,000 square feet of office space in this building. Columbia Sportswear Company will occupy about 7,000 square feet of retail space in the building.
