The Milwaukee Water Council today announced that Sloan will become another tenant of the Water Accelerator Center at 223 W. Pittsburgh. Sloan, headquartered in Franklin Park, Illinois, will open a new office in the Milwaukee Water Council’s Executive Suite Floor. In addition to leasing space, Sloan will showcase its leading edge water technology by donating the plumbing fixtures for the entire building and sponsoring the Water Summit 2012.
“The Water Accelerator Center will be the epicenter for water conservation and other water issues for private and public enterprises,” says Kirk Allen, President of Sloan. “Becoming involved at the grass roots level offers Sloan a tremendous opportunity to be actively involved in this movement right from the start. We see so much potential in working alongside like-minded corporations, government bodies and other water stewards at the center to cooperatively achieve water-related objectives that will benefit all of us.”
“It’s important to Sloan to take a proactive role in furthering the development of plumbing systems, codes and standards that will enable wiser use of water for generations to come,” Allen continues. “We are also honored to donate our water- and energy-efficient plumbing systems to the center and show our commitment to the conservation movement.”“
Expected to open in the summer of 2013, the Water Accelerator Center will house water-related research activities for universities, existing water-related companies, the Water Council, and companies promoting business development and accelerator space for new, emerging water-related companies.
“Sloan’s decision to become an active part of the synergistic environment of the Accelerator Center is another great demonstration that Milwaukee’s water cluster is garnering national and international recognition” said Dean Amhaus, Executive Director of the Milwaukee Water Council. “It is a terrific statement to have a company with such a strong brand for innovation as Sloan in this unique building.”
The 106-year-old structure, a 98,000 square foot former warehouse, is adjacent to the Reed Street Yards, which the City of Milwaukee has designated as a water technology research park. The building’s redevelopment is considered a catalytic project for the Reed Street Yards Tax Incremental District, setting the stage for the City of Milwaukee to move forward with the infrastructure improvements to establish the water technology research park—and the Milwaukee region—as a global showcase for water management.
The new research and business accelerator facility is believed to be the first of its kind in the United States and one of only a handful in the world. Other tenants include A. O. Smith Corp., Badger Meter, Grundfos Pumps, Veolia Water, Milwaukee Water Council, University of Wisconsin-Milwaukee (UWM) and University of Wisconsin-Whitewater (UWW). The building is being developed by HKS Holdings, LLC and is owned by private investors. The project is being supported by the Richard and Ethel Herzfeld Foundation and through a $750,000 investment by the Wisconsin Economic Development Corporation (WEDC). It will also be partially financed through a combination of New Market Tax Credits and Historic Tax Credits.