Construction and renovation work for the Global Water Center II building will likely begin by late spring or early summer, according to Meghan Jensen, The Water Council’s director of marketing and membership.
A development group, including The Water Council, purchased a five-story, 46,000-square-foot warehouse at 326-332 Florida St. last summer to create more room near the first Global Water Center building at 247 W. Freshwater Way. The building was acquired for $950,000 and will require several million in upgrades. The Wisconsin Economic Development Corporation is providing a $750,000 grant for the project.
Jensen said tenants are secured for about 35 to 40 percent of the space in the new building. She declined to name those tenants.
There will be prototyping space in the building and it will also have a co-working area to allow companies or individuals to rent space for a week, a month or some other length of time.
The hope is for the building to be ready in about 10 to 12 months.