UWM to develop a world-class, public-private research centre

Proposed UWM world-class, public-private research centre

In 2011, the Economic Development Administration, part of the U.S. Department of Commerce, awarded a $5.4 million grant to the City of Wauwatosa and the UWM Real Estate Foundation to construct Innovation Campus' first building – a business accelerator facility – and make related site improvements.

The facility, called the Institute for Industrial Innovation, breaks ground in the summer. The 25,000-square-foot building will include state-of-the-art core laboratory facilities for use by a wide variety of academic and industry researchers. It will also have designated laboratories for researchers working on collaborative projects with other academic institutions or private companies.

The UWM Real Estate Foundation expects to complete the sale of the designated residential parcel to a private developer this year. Depending on the length of time needed for the approval process for the project, work to restore the existing historic buildings and construct complimentary infill building could begin in the fall of 2012.

Milestones

September 2010: Wauwatosa Common Council approved the creation of a tax-incremental financing district (TIF) for Innovation Park.

September 2010: U.S. Department of Commerce awards UWM a grant for construction of the Institute for Industrial Innovation (I3), a business accelerator facility on the property.

February 2011: UWM closed on the Innovation Campus property and the first installment was paid.

August 2011: Innovation Campus groundbreaking.

Spring 2013: Infrastructure work begins on the property.

Spring 2013: Construction begins on the Innovation Accelerator.

Spring 2013: Construction begins on the ABB Office Building

June 2013:  Innovation Campus Beam Hoisting Celebration

January/February 2014: Innovation Accelerator Opens (tentative).