Building Owner
The Building Owner Track is for Milwaukee building owners looking to lease vacant commercial space to our awarded businesses within the Historic King Drive, North Avenue/Fond du Lac, and Cesar Chavez Drive corridors and surrounding neighborhoods. A map of the program area can be found on the business resources page.
Buildings must be structurally sound, in a good standing and benefit the community.
Application Dates
Round 1: Applications are available June 10th, and due July 10, 2019. The selection process will take up to 8 weeks.
Round 2: Applications are available February 10th, and due March 10, 2020. The selection process will take up to 8 weeks.
Resources
Space: Brew City Match will connect property owners in the program area who are looking for a tenant with businesses looking to locate within these Historic commercial corridors
Assessment: Up to 15 building owners per round will receive a building assessment that documents current property conditions, renovation recommendations and cost estimates.
Marketing: The top 5 properties in this award category will additionally be marked as a “top destination for new business”. These properties will receive 1:1 matchmaking with the top businesses from the Business Track.
Cash: Building owners who have secured a tenant, have a renovation plan in place, and a strong understanding of the money needed to complete the rehab project will have the opportunity to apply for project financing through the Brew City Match partners. If there are gaps in financing, property owners will be considered for grants that are paid on a reimbursement basis. Up to 9 projects will be selected for grant awards per round. Maximum grant awards are $40,000 per project.
Minimum Requirements
- Building must be structurally sound
- Building owner and tenant must be current and compliant
- Building owner must have a tenant secured. Building owners must have a signed lease or letter of intent with a tenant (or deed if building will be owner-occupied)
- Building owner and tenant must have cost estimates and contractor bids
- Building owner and tenant must have funds ready to invest